OBrien Real Estate Vermont
AWARDS
Number 1 Agent for Vermont South 2020-2021 Rate My Agent
Top 10 Victorian Agent 2016-2017 with a National Franchise Group
where realestate information is on the house.
Welcome to 2023, with every new year, it brings both exciting opportunities and challenges and each year we set and re-set our dreams, our goals and create a plan how we can best navigate these opportunities and challenges.
In real estate there are always waves so it’s important to keep abreast of the market so you can best know how to surf through the waves. 2023 is going to prove no different to any other year, there are tailwinds and headwinds and it is likely to be a bit choppy with home prices initially until we can get a clear understanding of the intentions of the reserve bank on interest rates. CommBank is predicting rates will hit a ceiling soon with another 0.25% increase whereas the NAB predicts 0.50% with ANZ and Westpac predicting the maximum will be reached after another 0.75% of increases.
Last year we had 8 months of consecutive interest rate rises, which means that since May the average monthly repayment had increased by $834 a month based on a $500,000 mortgage. Unemployment levels remain at historic lows and household savings are at record levels, which is playing a role in serviceability which helps to keep a lid on mortgage arrears, which should mean that distress property sellers coming onto the market should be limited.
Melbourne Metro declines in the Home Value Index over December fell 1.2%, on a 12 month rolling average Melbourne prices are now 8.1% down for all dwelling types. Regional Victoria has also had another decline similar to last month but easing a little to a fall of 0.7% in December. Regional Victoria now is 1.3% down over the last 12 months.
Looking at the rental market, rents in Metro Melbourne during December again increased, with this last month being just shy of 3%. In 2022 we saw 7 consecutive months of rental price growth, the strongest on record and that is likely to keep increasing into 2023. Increases in units in Melbourne are now sitting at 14.2% over the last 12 months and gross yields of units for investors looking in Regional Victoria now sits at a respectable 4.5%.
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.
“With one of us, you get all of us.
Each of our agents makes a donation to the OBrien Foundation every time a property is sold.
Sale price. High. Low.
$2.25m
Sale Price $474k
5 2 2 3 2 2 4 2 2 4 2 2 4 2 2 2 1 0 1 1 0 4 2 2 4 2 2 3 2 2 4 2 2 4 2 2 3 2 2 4 2 2 4 2 2 3 1 0 3 2 1 4 2 1 3 1 2 5 2 2 3 2 2 5 3 3 5 3 3
$1,740,000 $1,608,800 $1,380,000 $1,481,000 $1,453,000 $643,000 $474,000 $1,350,000 $1,260,000 $1,165,000 $1,331,500 $1,235,000 $1,100,000 $1,190,000 $1,415,000 $1,115,500 $960,000 $1,260,000 $732,500 $1,810,000 $1,181,000 $1,650,000 $1,600,000
Address Sale Price 20 Talarno Avenue 102/5 Stanley Road 7 Beacon Street 45 Hanover Road 19 Moran Court 96 Stanley Road 66 Mullens Road 10 Rutherglen Road 32 George Road 24 Lascelle Drive 25 Coltain Street 6/106 Terrara Road 2 Eagle Court 28 Mildara Street 11 Hancock Street 8/8 Saxonwood Drive 9 Explorers Court 9 Wildwood Avenue 51 Mullens Road 141 Terrara Road 206 Hawthorn Road 753 Highbury Road 21 Saxonwood Drive 6 Bundarra Court 303A Hawthorn Road 6 Canowindra Close 19 Verona Street
Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South Vermont South
4 2 2 3 1 0 4 2 2 4 3 2 4 2 2 5 3 2 4 2 2 4 2 2 3 1 1 3 2 0 4 2 2 3 2 2 5 3 2 4 3 3 4 2 2 3 2 1 5 3 2 3 2 2 4 3 2 4 2 2 4 2 2 4 2 3 4 2 2 4 2 2 3 2 2 3 2 2 4 2 2
$1,540,000 $1,034,400 $1,310,000 $1,610,000 $1,360,000 $1,800,000 $1,250,000 $1,292,000 $795,000 $1,520,000 $2,250,000 $935,000 $1,900,000 $1,650,000 $1,561,000 $727,000 $1,650,000 $1,222,000 $1,203,000 $1,490,000 $1,338,000 $1,355,000 $1,075,000 $1,511,000 $1,069,000 $1,353,000 $1,450,000
A snapshot of past 6 months' sales in Vermont (Jul - Dec 2022)
Sale price. High. Low. $2.33m $530k
Number of properties sold. 4 Liddle Way 6 Centre Road 39 Lusk Drive 9 Snowden Place 85 Centre Road 40 Halls Parade 208 Heatherdale Road 32 Morack Road 39 Timbertop Drive 23 Barbara Street 9 McClares Road 21A Nurlendi Road 391 Canterbury Road 17 Culbara Drive 83 Glenburnie Road 11 Karwitha Street 110 Jolimont Road 9 Blanche Drive 35 Carlinga Drive 60 Betula Avenue 21 Lusk Drive 3 Locksley Chase 23 Marleigh Street
Suburb
Average sale price. $1,190,500 Address Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont
3 2 2 3 2 3 3 2 3 3 1 2 3 2 2 3 1 2 4 3 2 4 2 3 3 2 2 4 1 1 4 3 2 3 1 2 4 1 5 4 2 2 4 2 2 3 1 2 3 1 1 3 1 2 4 2 2 3 2 2 3 1 2 4 3 3 3 1 2
Sale Price
$1,025,000 $1,620,000 $1,030,000 $955,000 $1,100,000 $1,180,000 $1,400,000 $1,286,000 $1,140,000 $1,050,000 $2,325,000 $1,010,000 $1,201,000 $1,280,000 $1,190,500 $930,000 $980,000 $1,019,000 $1,150,000 $1,772,000 $900,000 $1,502,000 $1,186,000
Address
92 Purches Street 692 Canterbury Road 3 Frank Street 428 Canterbury Road 150 Jolimont Road 3 Bradley Avenue 3 Tulkara Grove 1 Hayward Court 3 Grigg Avenue 96 Purches Street 6 Kooroora Court 2 Locksley Chase 1 Bradley Avenue 9 Beaumont Street 1/9 Park Close 13 Rahnston Court 108 Purches Street 23 Blanche Drive 2 Devlin Street 10 Nunkeri Street 28 Liddle Way 38 Blanche Drive 11 Rahnston Court 4 Narambi Drive 73 Betula Avenue 11 Kingsley Avenue 17 Lombard Road 6/11 View Road 34 McClares Road 20 Woodcrest Road 44 Lusk Drive
Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont Vermont
4 2 2 4 2 2 4 1 0 4 2 2 3 2 2 3 1 2 4 3 2 4 2 2 3 1 2 3 1 2 5 3 4 4 2 2 4 1 1 2 1 0 3 2 2 3 2 2 4 1 2 3 1 2 3 2 2 4 2 4 4 2 2 3 2 3 5 3 3 4 2 2 3 1 2 3 1 2 4 2 1 3 2 2 6 3 4 4 2 2 4 2 2
$1,307,000 $1,188,000 $1,090,000 $1,260,000 $1,198,888 $1,285,000 $1,570,000 $1,600,000 $1,152,000 $999,000 $1,550,000 $1,428,000 $1,260,000 $1,186,000 $980,000 $1,101,500 $1,155,000 $1,061,500 $1,110,000 $2,011,000 $985,000 $1,232,000 $1,380,000 $1,790,000 $1,097,000 $1,016,000 $1,438,000 $980,000 $1,585,000 $1,299,000 $1,350,000
Sale Price Vermont Vermont Vermont Vermont Vermont
25 Barossa Avenue, Vermont South
We recently sold our house in Vermont South with the help of Rachael. I can not recommend her highly enough. She greatly assisted us in getting the house ready for sale as we had already moved to a rural property and weren't living locally anymore. She was able to help getting quotes and organising the relevant trades.
Rachael is a great communicator and keeps you informed every step of the way. She is honest and ethical - and very knowledgeable when it comes to the local market. We were very happy with the outcome - selling above our reserve - at a price that was a street record - which isn't easy in the current climate of rising interest rates.
Katharine.
1
We are very pleased with the manner in which OBrien Real Estate, led through the energetic efforts of Rachael Luo and Sam He, ran the sale process. Communication in the lead-up to the auction that our property was indeed garnering interest in the market gave us confidence to proceed with the auction rather than settling for private sale early. Then seeing the OBrien team in liaison with the multiple prospective clients in the crowd gave us confidence that the pre-auction interest would convert into strong bidding in the auction. We are happy with the outcome OBrien Vermont was able to achieve for us, and recommend them to anyone else in the local area seeking a fair outcome in the sale of their property.
Marko & Ana.
Rachael held a very successful campaign for selling of our home. Her local knowledge and level of professionalism is very outstanding as we interviewed few local agents before we selected our agent. She worked very hard and always keep us updated throughout the whole campaign; great communication and negotiation skills that helped us achieved a great outcome. Her team had a great teamwork on the auction day and we really appreciate Racheal and her team for the sale of our home.
Eric.
It was a tough and emotional decision to sell our beautiful house which we've called home for the past 26 years but we couldn't of found a better agent than Rachael to take care of this for us. Rachael is not only friendly and trustworthy, she is committed and dedicated and worked very hard to achieve a wonderful outcome for us. If you're looking to sell your house, you don't need to look any further than Rachael, she'll definitely won't let you down.
Eddie.
The best real estate agency I have ever dealt with. Rachael Luo is the best! She was thorough and professional and great to work with. She kept us apprised about available appointments and always let us know as soon as a new one came on the market. She was honest and forthright- no games. After dealing with several other agents in the Vermont area and being disappointed, we felt lucky to find Rachael Luo.
Yuanyong.
We achieved a fantastic result for the sale of our home with OBrien Real Estate Vermont. From our first meeting with Lumee and Rachael we were impressed with their professionalism and friendly nature. They provided great support through the whole process. Our home went to auction and Anthony was brilliant in achieving a price above our expectations. The whole team work so well together and we highly recommend them.
Craig.
When considering which sales process to use, what we do is we evaluate the number of similar property listings currently on the market and then analyse this with the buyer demand that exists in the market at that given time. These indicators will help shape the sales process to take, whether it’s by way of an off-market sale, a private sale, closing date sale or by public auction, we’ll guide you on the best process to take that will maximise your selling price but ultimately that decision will rest with you.
Presentation is key, certainly if you can do everything possible to maximise the presentation of your property, it will mean buyers can then make a very quick assumption whether your home is for them based on how it presents, so by following some recommendations in presenting your home and creating that atmosphere which makes a great first impression you’ll definitely maximise your selling price.
Positioning is making sure that you engage an agent that has got really good market knowledge so they can position the property correctly in terms of where we substantiate price to be and also an agent that can negotiate on your behalf.
*Teams and conditions apply. Visit obre.com.au/win for details.
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!
