August Edition | Property Guide

About Harcourts JT & Co.

Specialising in sales, leasing and commercial real estate along areas of the Mornington Peninsula, our team has thorough knowledge of the various lifestyle and investment opportunities available in the Peninsula

REACH

Over a decade worth of experience with two strategic office locations, we appreciate the value of our reach and relationships with our clients

INNOVATION

The key to our innovative approach is our ability to tailor personalised marketing strategies to suit our clients specific needs We stay on the cutting edge of industry technology and anticipate the ever evolving changes in buyer behavior

RESULTS

As a leading agency in Western Port Bay with a proven track record of performance, we aim to be your first choice

FIND AN AGENT

Professional, approachable, proactive is why we are one of the leading agencies in Western Port Our agents focus on making your property experience seamless

Monthly Market Report

" W h e r e a r e w e g o i n g ? " , a p o p u l a r q u e s t i o n l o t s o f f a m i l i e s a r e a s k i n g , a n d t h e a n s w e r m a y c o m e a s a s u r p r i s e t o y o u I t h a s b e e n r e p o r t e d b y a r e c e n t a r t i c l e f r o m t h e A u s t r a l i a P o s t t h a t p e o p l e a p p e a r t o b e l e a v i n g t h e i n n e r c i t y l i f e , a n d r e l o c a t i n g t o q u i e t e r s u b u r b s N o w i s t h e t i m e t o b r e a k i n t o t h e M o r n i n g t o n P e n i n s u l a p r o p e r t y m a r k e t ! T h i s h i g h l y s o u g h t - a f t e r d e s t i n a t i o n h a s i t a l l , f ro m ; w o r l d - c l a s s b e a c h e s , w i n e r i e s , s c h o o l s b e a u t i f u l n a t i o n a l p a r k s , a n d s o m u c h m o r e W i t h f a m i l i e s a n d r e t i r e e s l o o k i n g f o r a m o r e r e l a x e d l i f e s t y l e , t h e r e h a s b e e n a s i g n i f i c a n t d r o p i n r e s i d e n t s t h a t a r e m o v i n g t o M e l b o u r n e ' s i n n e r c i t y l o c a t i o n A s o f 2 0 2 3 , a c c o r d i n g t o s t a t i s t i c s , t h e M o r n i n g t o n P e n i n s u l a i s n o w c o n s i d e r e d o n e o f M e l b o u r n e ' s m o s t i n - d e m a n d r e a l e s t a t e m a r k e t s

S o , h o w d o y o u d e c id e w h a t s u b u r b i s r i g h t f o r y o u a n d y o u r f a m i l y ? W i t h t h e m e d i a n h o u s e v a l u e s v a r y i n g l a r g e l y t h r o u g h o u t t h e P e n i n s u l a , t h e r e a r e n o t w o s u b u r b s t h a t w i l l o f f e r y o u t h e s a m e e x p e r i e n c e B y p o p u l a r d e m a n d , t h e s e s u b u r b s h a v e m a d e t h e l i s t f o r t o p s u b u r b s o n t h e P e n i n s u l a ; S o r r e n t o , M o u n t E l i z a , P o r t s e a , R e d H i l l , S a f e t y b e a c h , F r a n k s t o n , D r o m a n a , B a l n a r r i n g , a n d s o m a n y m o r e ! W i t h r e p o r t s o r r e c o r d - b r e ak i n g g r o w t h o n t h e P e n i n s u l a t h r o u g h o u t t h e C O V I D - 1 9 p e r i o d , i t i s i m p o r t a n t t h a t a l l b u y e r s a r e e d u c a t e d a n d w e l l p r e p a r e d t o b u y i n t h i s b e a u t i f u l l o c a t i o n W i t h o n e o f I n f o l i o ' s s p e c i a l i s t s , r e p o r t i n g ; " W h i l e s o m e p e o p l e a r e l o o k i n g f o r h i g h - e n d p r o p e r t i e s i n S o r r e n t o , P o r t s e a a n d R e d H i l l , o t h e r s a r e l o o k i n g f o r m o r e a f f o r d a b l e b e a c h s i d e o r c o u n t r y g e t a w a y s T h e M o r n i n g t o n P e n i n s u l a i s a b i g p l a c e, a n d y o u n e e d t o k n o w t h e a r e a i n t i m a t e l y t o b e c o n f i d e n t t h a t y o u a r e b u y i n g w e l l S o m e t i m e s t h e c h e a p e s t i s n ’ t t h e m o s t a f f o r d a b l e ”

L o o k

i n g t

Homeowners we have spoken to are most interested to know the current value of their property, as this allows them to set their financial goals To assist our residents, we are offering free updated appraisals to educate homeowners on the current value of their home in this ever-changing market

CBA: Peak of 4 35% by August 2023, then dropping to 3 10 by November 2024

Westpac: Peak of 4 60% by September 2023, then dropping to 3 35% by May 2024.

NAB: Peak of 4 60% by September 2023, then dropping to 3 10% by November 2023

ANZ: 4 10% by June 2023, with an extended pause (most likely)

With Peninsula house prices and popularity skyrocketing over the recent years, it is clear to see that residents are chasing the more relaxed lifestyle

After receiving record demand for the region, it appears that we are finally settling back into our usual patterns However, buyers that are excited to break into the Mornington Peninsula market, must be prepared to make sure they can get in before the market heats up again

With another Infolio specialist reporting: “Supply will always be limited in the area because the peninsula is landlocked, has tight development protocols, and many homes tend to stay in the same family for generations ”

According to a recent survey, it has been reported that rental amounts have risen by a total of 11 3%, while overall vacancy rates are remaining low

With plenty of capital growth opportunities on the Mornington Peninsula, there are still plenty of chances for investors to break into the market

Any investment on the ever popular Mornington Peninsula, from a luxury property to a modest family home, is a wise financial decision

K

e y M a r k e t D a t a

Hastings 42 Michelle Drive

Resort style living with all the convenience a thriving Mornington Peninsula community has to offer With over 2,700 square meters of land and its modern spacious home, this unique property within a short walk to the Hastings town centre has something for the whole family With duel access given its corner position, automatic gates leading into the huge barn style workshop big enough to house your boats, caravans and more Outside entertaining with fire pit abuts manicured grounds and overlooks the resort style, solar heated swimming pool and professional Astro-turf sports field

2729sqm

Sold - $1,481,000

Cam Jamison 0409 525 685 cam jamison@harcourts com au

Richard Smith 0481 137 746 richard smith@harcourts com au

Hastings 4/28 Skinner Street

Located less than 500m (approx ) from the Westernport Marina, this beautiful townhouse is looking for a new family to call 'home'! Downstairs not only boasting 2 generously sized living areas, but also; an open and modern kitchen with, SMEG 900mm stainless steel oven/cooktop combo, stainless steel rangehood and dishwasher

A great place for entertaining, with a fully fenced and private rear yard, including a covered alfresco area and access via rear door from the garage This home is perfect for, small families, downsizers, investors or first home buyers

For Sale - $670,000 - $730,000

Jason Dowler 0403 598 754

jason dowler@harcourts com au

Anna Paterson 0411 392 693

anna paterson@harcourts com au

Somerville

2/1164 Frankston Flinders Road

Situated walking distance to Somerville's shopping hub and public transport, this rare townhouse comprising of four bedrooms is modern and low maintenance living at its best!

Offering two separate living zones with split systems this townhouse is great for families wanting a good-sized home and space without the external maintenance

Other features include remote double garage with internal access, water tank and garden/storage shed

For Sale - Contact Agent

Richard Smith 0481 137 746 richard smith@harcourts com au

Hastings 23 Wright Street

Nestled at the end of a quite street, on a generous ¼ acre (approx ) block, is this thoughtfully designed three-bedroom family home Enter the spacious kitchen to find, ample storage and bench space and a gas cooktop, which overlooks a well-maintained dining zone

A light-filled space off the dining room, with floor to ceiling windows, makes the perfect space for a family/games room, or a cozy movie room

In the rear yard you will find, a large undercover space, a fully fenced yard, and a double gate for side access This outdoor zone is the perfect place for entertaining friends and family

1004sqm

3 2 2

For Sale - $830,000 - $910,000

Jason Dowler 0403 598 754

jason dowler@harcourts com au

Alica Sieben 0409 919 419

alica sieben@harcourts com au

Somerville 1 Roslyn Street

Built for family living with dedicated areas for both parents and teenagers; this four bedroom and two bathroom home is positioned on a spacious allotment close to the heart of Somerville with shopping and schools all close All bedrooms offer built-in robes with the main bedroom having an updated ensuite

Outside provides an expansive undercover entertaining area with access to an outdoor toilet, grassed yard and studio which could also be used as a teenagers retreat or used as a home office or running a business

For Sale - $670,000 - $730,000

Richard Smith 0481 137 746 richard smith@harcourts com au

4 2 2 584sqm

Hastings 7 Mary Grove

Step inside to find a spacious, well-designed layout that perfectly combines comfort and functionality The large lounge and separate kitchen, dining living area create an inviting space for entertaining friends and family or unwinding after a long day The main bedroom boasts a luxurious ensuite and a walk-in robe, providing a private sanctuary just for you Two other bedrooms feature built-in wardrobes and are accompanied by a full-size bathroom and toilet As a delightful bonus, the 4th bedroom can be transformed into a spacious work-from-home office, catering to your modern lifestyle needs

4 2 2 751sqm

$800,000 - $880,000

For Sale - $880,000 - $920,000

Cam Jamison 0409 525 685

cam jamison@harcourts com au

Hastings

111 Marine Parade

From the moment you pull up to this home you will be blown away by the sheer quality and thought that just oozes from this property Situated securely behind a fence at the front of the property sits a quaint, beautifully landscaped courtyard with a stunning scenery to enjoy warm afternoons The ground floor features 2 spacious bedrooms both with robes and a beautifully renovated bathroom Upstairs features an additional two bedrooms both with robes, a spacious light filled loungeroom with gas heating and the heart of the home a stunning, modern, bright kitchen with vast storage space

Leased - $650 PW

Emma Oldjohn 0402 223 054 emma oldjohn@harcourts com au

W e V a l u e y o u r i n v e s t m e n t a s m u c h a s y o u d o .

I n n e e d o f p r o f e s s i o n a l p r o p e r t y m a n a g e m e n t o r w o n d e r i n g w h a t y o u r p r o p e r t y c o u l d r e n t f o r ?

C o n t a c t o u r o f f i c e t o a r r a n g e a n a p p o i n t m e n t w i t h E m m a , l e a d e r i n r e n t a l s & g r o w t h

Our Team

Mornington Peninsula

The Mornington Peninsula is one of Victoria’s greatest assets. The region is characterised by unique townships and highly valued green-wedge land surrounded by bay and surf beaches and rugged ocean coastline - in fact it has around ten percent of Victoria’s coastline.

Part of a declared UNESCO Biosphere Reserve, the region features state and national parks on both land and sea. There are plenty of walking and riding trails and ex ploring the area unearths bustling villages and townships; a vibrant wine, food and farmgate scene; marine and land-based adventure activities; and plenty of opportunities to relax and unwind.

Cape Schanck

Devilbend Reservoir

Point Nepean

Arthurs Seat

Two Bays Walking Track

The Coastal Walk

Endeavour Fern Gully