Quarterly Report 3133

Quarterly Report 3133.

Shop 1, 580 Canterbury Road, Vermont 3133 | P 03 9087 1087 obre.com.au/vermont

“

With one of us, you get all of us.

Rachael Luo

Director/Licensed Estate Agent AWARDS Number 1 Agent for Vermont South 2020-2021 Rate My Agent Top 10 Victorian Agent 2016-2017 with a National Franchise Group

Welcome to our "Property News" where real estate information is on the house.

Just released, in early January was the latest median house price growth for Melbourne and house price appreciation continues to slow across the country. In December we saw the National Median House Prices grow by 1% according to the Corelogic Index. Capital cities across Australia had varying degrees of growth with Melbourne having its first decline since October 2020 with a 0.1% drop and being the only capital city with no growth for the month. On the other end of the scale, Brisbane experienced 2.9% of growth followed closely by Adelaide with 2.6%. The regional markets again outshone the capital cities with an overall 2.2% growth nationally with Victoria recording another strong 1.8% increase in values which officially caps off a stellar calendar year of growth with an average of 24% across all of Regional Victoria.

St Andrews Beach on the Mornington Peninsula was crowned the best performing suburb across all of Australia with a staggering 58.6% annual growth in median house price for 2021.

The rental market for Melbourne's property investors continues to improve and that is because rental prices achieved are recovering and continues to show good signs that growth will continue for another 12 months at this stage. Overall rents in Melbourne over the full 12 months of 2021 increased by 4.8% for houses whilst unit prices increased of 3.0%. Overall gross rental yields are still above most investment loan interest rates which is another reason why we are seeing investors looking to invest in real estate in 2022.

Nationally, the advertised inventory finished the year 24.7% below the 5 year average, meaning stock levels across the country continued to be in short supply, however Melbourne was the only state to buck that trend finishing 2021 with housing supply being about the 5 year average. While stock levels have generally been low, the total number of home sales in 2021 was approximately 40% above the decade average. CoreLogic estimates there were approximately 653,000 house and unit settlements over the calendar year, the highest number of annual sales on record.

The property market is continuously changing, so it’s important to have a good team that are familiar with the local market. At OBrien Vermont, we have a dedicated team whose goal is to work with you to achieve your real estate goals. If you have any real estate needs, now or future, we would love to hear from you.

The OBrien Difference

Giving back is in our blood and our Culture. We love seeing the positive impacts our sponsorships have on our local communities and we believe that giving back is extremely important.

Vermont South 3133 A snapshot of last quarter sales in Vermont South (Oct - Dec 2021)

Number of properties

Average sale price.

Sale price.

High.

Low.

$1,436,000

$2.55m

$600k

sold.

52

Sale Price

Address

Suburb

4 Coachmans Court

Vermont South

4

2

2

$1,450,000

7 Coltain Street

Vermont South

4

2

2

$1,255,000

20 Coltain Street

Vermont South

4

2

3

$2,017,500

12 Coonawarra Drive

Vermont South

5

3

2

$1,610,000

19 Drovers Court

Vermont South

5

3

2

$1,999,000

12A Gibbon Avenue

Vermont South

3

2

2

$1,329,000

21 Gwyn Rise

Vermont South

3

2

2

$1,588,000

2/246 Hawthorn Road

Vermont South

2

1

1

$735,000

253 Hawthorn Road

Vermont South

5

2

3

$1,300,000

325 Hawthorn Road

Vermont South

4

2

2

$1,543,000

3 Kara Walk

Vermont South

Land

6 Kolonga Court

Vermont South

4

2

2

$1,515,500

9 Kolonga Court

Vermont South

4

3

2

$1,380,000

11 Lascelle Drive

Vermont South

4

2

2

$1,450,000

12 Minchinbury Drive

Vermont South

4

2

2

$1,520,000

119 Morack Road

Vermont South

4

2

1

$1,430,000

147 Morack Road

Vermont South

4

2

2

$1,560,000

20 Overland Drive

Vermont South

3

2

2

$1,456,000

12 Pioneer Close

Vermont South

3

2

2

$1,560,000

1 Remy Court

Vermont South

4

2

2

$1,500,000

13 Renmark Court

Vermont South

4

1

2

Not disclosed

7 Sherwood Rise

Vermont South

3

2

2

$1,351,000

145 Terrara Road

Vermont South

4

2

2

$991,000

$985,000

Vermont South 3133 Address

Suburb

2 Tullimbar Circuit

Vermont South

4

2

2

$1,350,000

21 Vogue Avenue

Vermont South

4

2

1

Not disclosed

24 Warrington Avenue

Vermont South

3

2

2

$1,511,000

15 Weeden Drive

Vermont South

3

2

2

$1,210,000

55 Weeden Drive

Vermont South

4

2

2

$1,363,500

14 Yalita Road

Vermont South

4

3

2

$1,480,000

14 Beacon Street

Vermont South

4

2

4

$1,563,000

10 Brentleigh Court

Vermont South

4

2

2

$1,620,000

419-423 Burwood Highway

Vermont South

8

4

6

Not disclosed

525 Burwood Highway

Vermont South

5

3

2

$1,310,000

106/1 Charlnet Drive

Vermont South

2

2

1

$600,000

14 Charlnet Drive

Vermont South

4

2

2

$1,286,000

1/7 Adley Court

Vermont South

4

2

2

Not disclosed

559 Burwood Highway

Vermont South

3

2

2

$820,000

13 Stradella Avenue

Vermont South

4

2

2

Not disclosed

1 Winswood Close

Vermont South

5

2

2

$1,420,000

6 Torwood Drive

Vermont South

4

2

2

Not disclosed

21 Miniata Walk

Vermont South

4

2

2

$1,305,000

5 Gelea Crescent

Vermont South

4

3

1

Not disclosed

9 Great Western Drive

Vermont South

4

2

2

Not disclosed

3 Jennifer Court

Vermont South

4

2

2

$1,401,000

9 Winjallock Crescent

Vermont South

4

2

2

$1,521,000

6 Stockmans Drive

Vermont South

5

2

2

$1,461,000

170 Morack Road

Vermont South

5

2

2

Not disclosed

643 Springvale Road

Vermont South

4

2

2

Not disclosed

10 Sewart Close

Vermont South

5

2

2

$1,650,000

7 Narracan Street

Vermont South

4

2

2

$1,450,000

21 Prestbury Drive

Vermont South

4

2

2

Not disclosed

515 Burwood Highway

Vermont South

4

2

2

Not disclosed

Sale Price

Vermont 3133 A snapshot of last quarter sales in Vermont (Oct - Dec 2021)

Average sale price.

$1,188,000

Sale price.

High.

Low.

$2.66m

$490k

Number of properties sold.

65

Sale Price

Address

Suburb

5 Adele Street

Vermont

3

1

2

$1,073,000

17 Andrew Street

Vermont

3

2

3

$1,240,000

9 Arlington Walk

Vermont

4

2

2

$1,220,000

26 Arlington Walk

Vermont

4

2

2

$1,100,000

1/19 Aubrey Street

Vermont

3

1

2

$912,000

25 Barbara Street

Vermont

4

2

2

$1,495,000

13 Bellbird Crescent

Vermont

3

2

2

$1,301,000

11/5-11 Orion Street

Vermont

3

2

2

$1,059,000

1/8 Blyth Street

Vermont

3

1

0

$920,000

1 Short Street

Vermont

4

1

2

$1,443,500

53 Boronia Road

Vermont

4

1

2

$1,350,000

55 Boronia Road

Vermont

3

1

2

$1,222,500

108 Boronia Road

Vermont

3

2

2

$1,280,000

3/134-140 Boronia Road

Vermont

3

3

2

$1,060,000

1/511-513 Canterbury Road

Vermont

3

2

2

$850,000

4/515 Canterbury Road

Vermont

3

1

2

$870,000

2/639 Canterbury Road

Vermont

3

3

2

$765,000

3/660 Canterbury Road

Vermont

2

2

1

$720,000

2/782 Canterbury Road

Vermont

2

1

1

$745,000

788 Canterbury Road

Vermont

4

2

2

$1,350,000

70 Centre Road

Vermont

4

2

0

$1,400,000

1 Morack Road

Vermont

4

2

4

$1,401,000

1 Coringa Close

Vermont

4

2

1

$1,020,000

Vermont 3133 Address

Suburb

7 Coringa Close

Vermont

24 Coringa Close

Sale Price 3

1

2

Vermont

4

3

2

$1,461,000

6 Cosgrove Street

Vermont

4

2

3

$1,402,000

20 Culbara Drive

Vermont

4

2

2

$1,325,000

16 Denis Street

Vermont

4

1

2

$980,000

5 Devlin Street

Vermont

3

1

2

$1,313,500

8 Dunwold Way

Vermont

4

2

2

$2,660,000

2A Evans Court

Vermont

2

1

1

$865,000

3 Adele Street

Vermont

3

1

2

$801,000

178 Heatherdale Road

Vermont

4

2

3

$1,400,000

7 Holyrood Drive

Vermont

4

3

2

$1,160,000

17 Karwitha Street

Vermont

3

2

3

$1,544,500

2/29-30 Liddle Way

Vermont

3

1

2

$835,000

3 Malaset Place

Vermont

5

2

2

$1,750,000

1/662-664 Mitcham Road

Vermont

2

1

1

$490,000

11 Myuna Court

Vermont

3

2

2

$1,496,000

1/3 Penllyne Avenue

Vermont

4

3

2

$1,293,000

2C Premier Avenue

Vermont

3

1

2

$940,000

4 Premier Avenue

Vermont

3

2

1

$1,695,000

2/8 Grey Street

Vermont

3

1

2

$921,000

15 Rowan Street

Vermont

3

2

2

$1,272,500

2 Sarah Court

Vermont

6

3

2

$1,700,000

5 Short Street

Vermont

3

2

2

$1,796,000

505 Canterbury Road

Vermont

4

1

2

$1,210,000

8 St Helens Court

Vermont

3

1

3

$1,360,000

1A Tulkara Grove

Vermont

3

2

2

$950,000

519A Mitcham Road

Vermont

4

2

1

$970,000

4/12 Short Street

Vermont

3

2

4

$948,000

6/517 Mitcham Road

Vermont

2

1

1

$490,000

561 Canterbury Road

Vermont

3

1

3

Not disclosed

5 Caldwell Road

Vermont

4

2

2

$1,290,000

$1,140,000

Some of our most recent Reviews

Highly recommend Rachael!

9 Winjallock Crescent, Vermont South, VIC 3133 An amazing agent and an amazing result - 17 Jan 2022 Thank you for the amazing work you did on the marketing and selling my house. From the moment you took on the opportunity you provided a very professional approach. Your keen eye for what was required to get the property ready for sale was spot on. With the house ready for the market you were tireless in your efforts to bring potential buyers through the property and to ensure they remained interested throughout the whole campaign. On the day of auction it was simply amazing to see how you and your team kept all of the potential buyers engaged to ensure we had a very successful auction. The auctioneer also deserves a special mention as he did a great job to introduce the property and then to seamlessly work with your team to ensure a successful sale on the day. The result you achieved was a true testament to how you managed the whole sale process from beginning to end and I would have not hesitation in recommending you to anyone wishing to sell their house.

1 Remy Court, Vermont South, VIC 3133 Outstanding!! - 17 Nov 2021 From the minute we decided on Rachael as our agent, we felt total confidence in her ability. Her communication was fantastic. Rachael gave us an update after each inspection. We knew where we stood every step of the way. We received the best price for our home. Better than we ever imagined.

316 Blackburn Road, Glen Waverley, VIC 3150 Highly recommend Rachael! - 15 Oct 2021 It was a pleasure to work with Rachael. She is very professional, hardworking, responsible, polite and friendly. Her organisation skill is excellent. Rachael is a good listener and had promptly clarified our concerns. Rachael represented us well and had kept us informed throughout the entire sales process. We are very happy with the outcome of this sale and would highly recommend Rachael!

Our team.

Rachael Luo

Director/Licensed Estate Agent 0401 506 620 rachael.luo@obre.com.au

Rachael is one of Victoria’s top real estate agents, experienced in both sales and management. She is known for her excellent customer service, expert advice, negotiation skills, and achieving record prices. Rachael lives locally and has a broad knowledge of the real estate market in the eastern and surrounding suburbs. Her extensive experience in both Australia and China gives her the advantage of understanding sellers and buyers from both cultures. Rachael works hard to achieve the best result for her clients. Genuinely interested in both the seller's and buyer's needs, her excellent communication and negotiation skills allow her to match buyers to sellers and achieve fantastic results. Rachael has also built a strong reputation for her expert advice and keeping her clients informed throughout the whole selling process.

Lumee Ling Property Consultant 0424 061 631 lumee.ling@obre.com.au Lumee graduated from RMIT University with a Bachelor of Business in Business Administration, and subsequently completed a Masters of Finance.

Lumee started her career working in the hospitality industry, subsequently opening a café where she further developed her entrepreneur skills. Lumee has acquired exceptional customer service skills and strong interpersonal skills. She is fluent in both English and Mandarin. Lumee is highly motivated, positive, committed, responsible and hard-working, which reflect the ideal personality for a smooth and pleasant experience for both vendors and buyers.

Lumee has a down to earth personality which helps her easily build rapport with clients, she is committed to achieving the best result and fulfilling her client’s needs.

Sam He Property Consultant 0405 478 880 sam.he@obre.com.au

Sam is a real people person. He loves meeting people and believes it’s important to understand their needs. Helping clients to achieve their real estate goals by matching buyers with sellers gives Sam a great sense of achievement. His understanding of the emotions of buying and selling a home ensures him to be an approachable negotiator. Before joining the second-hand house market, his off-the-plan selling experience also helps him build strong communications and selling skills. Bachelor’s degree of ICT and Master’s degree of IB supports him to analyse the up-to-date market data from different aspects such as comprehensive neighbourhood comparisons, future development etc, which enables him to provide highly accurate market and property insights for his clients.

Oreo Zhu Property Consultant 0413 678 782 oreo.zhu@obre.com.au After completing a master’s degree in Civil Engineering from The University of Melbourne, Oreo proceeds to work in a fast and assuring client delight in the real estate industry. Oreo’s enthusiasm for helping others and interpersonal skills help him connect with clients and provide them with the best service possible. He brings his passion and sharp attention to details to help sellers get the most value for their home at the same time able to assist buyers secure their dreamed home. Oreo understands that buying and selling is one of the biggest decisions in a client’s life, therefore he is committed to listening to his client’s needs and utilizing his negotiating skills to ensure a successful transaction.

Tips to make a first impression great.

Tip #1

Tip #3

Tip #5

The entrance.

Interior furniture.

General tidy up.

Create a ‘wow’ factor entrance and decorate the front garden with pot plants and garden furniture. Loan or borrow additional furniture if required.

Less is best. Store excess furniture to ensure rooms appear as spacious as possible.

Remove rubbish from the exterior of the house, ensure the pool is pristine and fences are in order. Also think about removing any items that might look uninviting.

Tip #2

Inside the house.

The garden.

Weed and mulch the garden beds and consider adding a splash of colour to garden beds and any pot plants. Also prune trees or shrubs close to the property to help with natural light.

Tip #4 Repair and paint where necessary, clean walls, floors and windows, steam clean carpets and make some running repair to items such as dripping taps, sticking doors and drawers – this is the sort of thing that prospective buyers will notice.

Tip #6 Remove clutter.

Remove all unnecessary articles from cupboards, as prospective clients may look inside them.

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34 offices and growing.

The quality of our service stems from the importance we place on the people behind our network.

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Book a sale or rental market appraisal with us for your chance to win!* (Ends 31 March 2022) Scan the QR code to book your appraisal or simply give us a call or send us a text message on 0401 506 620 to book and be in the running to win this great prize!

Shop 1, 580 Canterbury Road, Vermont 3133 | P 03 9087 1087 obre.com.au/vermont