Nelson Alexander Brief Autumn 2019

AUTUMN 2019

IT’S A NEW BEGINNING PAGE 4

How did your property perform?

PAGE 14

2018 prices are above 2016 PAGE 8

More effort.

More Sold.

A Letter From James Welcome to the Brief, our bi-annual newsletter and the Autumn Edition.

Airbnb isn’t for everyone and why we’re seeing a swing back to full service property management.

With all that is going on in our marketplace, we’ve packed this edition with more property information, market analysis and insights from within our footprint than ever before and we hope you like it.

Did you know we also manage over 1,000 commercial properties? Our dedicated Commercial office in Gertrude St, Fitzroy leverages the whole Nelson Alexander footprint and has local knowledge and expertise in all facets of commercial sales and leasing. In this edition they’ve identified some traps to avoid with your commercial asset, reach out if you would like further advice.

We’ve had plenty to review over the summer and it’s no secret, the property market as a whole at the end of 2018 was cooler than previous years. This was driven by factors such as the Banking Royal commission, tightening monetary policy and lending which ultimately resulted in fewer transactions taking place and an easing of prices.

Despite what you’ve probably heard though, it’s not all bad news. Yes, there is some uncertainty but the data proves property prices have only taken a slight downward turn, and in many instances prices have only receded to their values in 2016 after years of exceptional growth. What is interesting is that the data shows that each market place is behaving very differently through this soft correction. The good news is there has been increased activity at our open for inspections and auctions so there’s already a sense that green shoots are appearing. So is 2019 indicating the start of a new beginning? We’ve had our expert opinions validated by the independent Property Analytics, who have provided analysis on where our marketplace has come from and where it might be heading; it’s very interesting reading, see pages 4-5 & 8-9 for more information.

In our own news, we’ve had a wonderful summer season of real estate, we’ve been incredibly busy within our property management departments with over 1,000 leases commenced so far in 2019 and I couldn’t be prouder as it’s a testament to our service offering and reputation amongst our customers and industry. It’s a particularly tough time of the year as our teams are put under more pressure than ever, but I think we’ve risen and delivered a better customer experience for everyone.

So is 2019 indicating the start of a new beginning?

Nelson Alexander is a large property management business, it’s a core expertise of ours and we now manage around 16,000 properties for over 12,000 investors. Reliable, trusted and proven property management is more and more in demand and shortterm lettings feel like they are slowly falling out of vogue. We’ve now seen enough examples to provide some insight into why

The Nelson Alexander Charitable Foundation continues to deliver meaningful outcomes throughout our footprint and a big part of its fundraising efforts is Foundation Day, which has been scheduled for the 25th of May. This is the day where each office donates the professional fee from one of their auctions to a local school, charity, cause or need. Through all its fundraising efforts the Charitable Foundation has raised over $2.75 million since its inception and is looking forward to another fantastic year.

2019 will be an important year for many of our clients past, present and new. We have the real estate expertise, the proven success over the past 47 years, a Trustpilot review score of 9.8/10 from nearly 2,000 reviews and a deep desire to continue to deliver more. If 2019 is an important year for you, if you’re looking at upsizing, downsizing, buying or investing Nelson Alexander is ready for you.

James Keenan CEO 0418 580 620

2019: IT’S A NEW BEGINNING K

een watchers of Melbourne real estate would have detected a subtle shift in the market as early as mid-2017. Prices were still rising, but not quite as much as in previous months. Auctions were still competitive, but red-hot bidding between several parties became less common. And, banks were still lending, but the process was becoming more difficult.

Deflationary trends continued into the first half of 2018, as price growth disappeared, auction clearance rates fell to about 65%, and banks sought to get in front of the Hayne Royal Commission with far stricter borrowing criteria.

Things deteriorated rather sharply in the second half of 2018. In the Jul-Sep quarter 2018, the Median $ House Price in Melbourne’s North was down -3.1% compared to the same quarter 2017. The Oct-Dec quarter saw decreases of -9.2% year-on-year. Auction clearance rates went from the mid-60s in July down to under 50% in December. And, bank lending became such an issue that the RBA cautioned the big four banks against an overzealous tightening of credit supply.

This last point about bank lending is particularly important. Many analysts believe that uncertainty around debt finance has been the dominant factor in explaining worsening market conditions. The adjacent graph shows the close relationship between investor lending and house prices in Melbourne. The logic is straightforward: less finance available to investors = lower overall buyer demand = lower $ sale prices.

Yes, 2018 ended on a tough note, and similar tough conditions are likely to characterise the first half of 2019. But, there are a few things worth being cautiously optimistic about.

First, the major headwind faced by the real estate market is self-inflicted and could be rectified with concerted efforts between government and the big four banks: the screws on credit could be loosened up - not just to investors, but to homeowners, developers and builders. Non-bank lenders have increased their market share considerably over 2018, and many commentators believe that following the release of the Royal Commission findings bank lending practices will stabilise as the big 4 focus on earning back the trust of Australian people and business.

Second, there are far fewer properties on the market these days (approx. 20% less). Certainly, this has a lot to do with sentiment – vendors are less motivated to list their property when prices are down – but it also presents some opportunity for sellers as there is less choice for buyers. And, while fewer properties remain available for purchase, it’s less likely that we’ll see more serious price declines associated with widespread forced sales.

13,000

$1,000,00

12,000

$900,000

11,000

$800,000

10,000

$700,000

9,000

$600,000

8,000

MEDIAN $ HOUSE PRICE ACROSS MELBOURNE’S NORTHERN SUBURBS

TOTAL INVESTMENT LENDING COMMITMENTS

Third and fourth, Melbourne remains one of the fastest growing cities in the world. Victoria’s population grew by 2.2% last year, with most of the 138k new citizens flowing into Melbourne.

And, with over $100bn in transport infrastructure underway, we’re setting ourselves up for the medium- and long-term.

The cold hard fact is that your property is most likely worth less now than it was last year (though it’s certainly worth considerably more than it was a few years ago). While tough market conditions are likely to persist in the near-term, one can be forgiven for being reasonably optimistic about a recovery and the long-term trajectory of prices in our great city.

Lending Commitments

$1,100,00

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Median $ House Price

LOWER INVESTOR ACTIVITY HAS CONTRIBUTED TO FALLING HOUSE PRICES

RENTING TO A LONG-TERM TENANT EASILY OUTSTRIPS AIRBNB’S RENTAL RETURNS

T

he summer holidays generated some good moneymaking opportunities for property owners targeting the short-term rental market. Events such as the Australian Open and the trend to people taking annual leave at this time of year drew thousands of visitors to Melbourne, hiking up demand for short-term accommodation.

Another just-completed study by Inside Airbnb found that Airbnb rentals in Melbourne average an occupancy rate of 82 nights a year or 22.4 per cent. The estimated average income per month for an Airbnb was $916. This compares most unfavourably to the $2,400 monthly income that would be generated by a goodquality one-bedroom inner-city apartment rented to a full-time tenant.

But there are major downsides to relying on short-term rentals for income, especially the fluctuating and “hard to predict” demand when homes are rented through Airbnb, Stayz and other online platforms.

Nelson Alexander partner and property management specialist Martin Sizer says in council areas such as the City of Yarra the returns from a long-term rental easily outstrip the full-year income generated by most short-term rentals. He says it’s critical for property investors to take the long view, comparing what they may generate from short-stay renting over 12 months with the income produced by a full-time tenant.

Landlords also face a far higher level of hands-on involvement and work when renting their properties short-term compared to using traditional property management.

Recent studies show the hosting rate of Airbnb listings in Sydney and Melbourne is less than 50 per cent, on average. This means that each listing has a less than 50 per cent chance of being booked compared to its availability.

An SGS Economics and Planning report - the first report in Australia to use official Airbnb data - found that the online marketplace and hospitality service has minimal impact on the Melbourne housing market.

Mr Sizer says some property investors may have just enjoyed a peak season of high rents and low vacancy from Airbnb bookings, but now risk having a vacant property for several months because of the pronounced seasonality of the shortterm rental market. “The level of vacancy is critical,” he says. “If you go a month or two without someone in your property, you must consider whether the financial return is worth it.”

“The security of traditional property management is that you have regular income coming in and you know exactly what that income is going to be for the next 12 months. It is a more secure way to manage the investment.”

It is a more secure way to manage the investment

Report co-author and SGS principal, Terry Rawnsley, says the research provides an accurate picture of the number of Airbnb listings and how often these listings host a guest.

“Across Sydney and Melbourne, Airbnb listings represent a very small proportion of the total dwelling market,” he says. “In 2017, there were approximately 25,000 listings in Sydney and 14,500 in Melbourne which hosted guests. Of these, 15,200 were entire homes or apartments in Sydney and 8,500 in Melbourne.

This represents 0.9 per cent of all dwellings in Sydney and 0.5 per cent of all dwellings in Melbourne.”

In Melbourne, the median number of nights hosted per year has increased from 42 nights to 66 nights per year. Of the listings that have hosted guests, over 35 per cent of listings host guests for up to 30 nights per year. Approximately 27 per cent of listings host guests for more than 180 nights per year. “Broadly speaking, it is not financially beneficial to host a property on Airbnb instead of renting to a long-term tenant,” Mr Rawnsley says.

In only a small number of cases is it more profitable to list a property on Airbnb full time rather than on the rental market.

With the exception of Melbourne’s City, it appears that renting has higher expected takings over a time period of a standard lease agreement. The hosting rate is around 70 per cent for Melbourne City.

There are other downsides and costs faced by property owners who rent out their properties short-term. These include lightning-fast wear and tear on properties and potential damage, the potential need to deal with rude and unruly guests, the negative impact of bad guest reviews, and high commission paid to an operator to manage and supervise the property on top of the booking commission paid to an Airbnb-style company.

There can also be big costs involved in buying short-term rental landlord insurance as well as hard-to-forecast spikes in competition between Airbnb properties in specific areas that quickly eat into income.

The first quarter of the calendar year, particularly from the end of January to late February, is when most permanent tenants try to rent accommodation. The sheer weight of demand for rental homes means thousands of tenants are prepared to pay true market-value rents and sign up for one-year leases.

Nelson Alexander property managers are tracking a swing away from short-term rentals to permanent rentals. “Short-term rentals are harder work than owners think they are going to be,” Mr Sizer says. “Many owners say to us that they didn’t realise the degree to which they would be involved in a short-term rental.”

“In the City of Yarra and similar areas, you are banking on the peak times of the year to drive the revenue. But when you look at the numbers across a 12 month period, the return on investment doesn’t compare well to traditional property management.”

2018 PRICES ARE ABOVE 2016 BUT THE MARKET IS VERY DIFFERENT

60%

20%

0%

61.1%

40%

74.7 %

Many macro conditions have remained reasonably consistent: the economy has been stable, unemployment remains low, and interest rates haven’t changed for 30 months. Despite all this, we are certainly in a very different market.

AUCTION CLEARANCE RATES IN MELBOURNE'S NORTHERN SUBURBS

77.4%

Yes, prices are down year-on-year, but overall, they’re up by 12% compared to two years ago. This isn’t something you’ll read or hear much about in the media, but it’s the less sensational story… prices have come down in recent months, but they’re still well above what they were in 2016, 2015, 2014…

80%

75.3%

M

ost areas in Melbourne’s north saw median $ house prices decrease from 2017 to 2018, but a bit of context is important for a better understanding of current conditions.

2015 2016 2017 2018

If you’re looking to buy or sell real estate over the coming months, perhaps the biggest change in market conditions to consider has to do with sale method. The type of campaign (auction, private sale, expressions of interest) has traditionally played a major role in negotiating strategy.

In recent years, when buyer interest was exceptionally high and prices were rising by the week, auctions were incredibly competitive. Buyers feared missing out, and vendors were rightly advised to seek the highest possible price via public auction.

How good was selling in 2015, 2016 and 2017? With high levels of buyer enquiry, vendors rarely considered pre-auction offers seriously. The job of agents looked pretty easy. Then, throughout 2018, auction success rates fell considerably. It’s no longer buyers who fear missing out – sellers have become a bit fearful of not selling.

One in two properties taken to auction in the last 2 months of 2018 were passed in. The implications for vendors are clear: choose your listing agent very carefully, according to strength of buyer knowledge; be very clear (in your own head at least) about what you’d be willing to sell for; and, if the best advice is ‘go to auction’, then treat the weeks leading up to the big day as an opportunity to tease out offers.

We’re now in a market characterised by old school negotiation. An entertaining auctioneer is great, but not as important as managing price expectations and turning buyer enquiry into serious offers.

HOUSE PRICES IN 2018 ARE UP SIGNIFICANTLY FROM MOST PREVIOUS YEARS

$2.0 $1.8 $1.6 $1.4

$1.0

2015

2016

2017

2018

ALL NORTH SUBS $0.985

YARRA $1.270

MORELAND $0.835

MOONEE VALLEY $1.025

MELBOURNE $1.120

DAREBIN $0.900

BOROONDARA $1.900

BANYULE $0.885

ALL NORTH SUBS $1.000

YARRA $1.325

MOONEE VALLEY $0.991 MORELAND $0.824

MELBOURNE $1.290

DAREBIN $0.901

BOROONDARA $2.010

BANYULE $0.890

ALL NORTH SUBS $0.880

YARRA $1.190

MORELAND $0.710

MOONEE VALLEY $0.880

MELBOURNE $1.037

DAREBIN $0.800

BOROONDARA $1.900

BANYULE $0.787

ALL NORTH SUBS $0.800

YARRA $1.030

MORELAND $0.641

$0.0

MOONEE VALLEY $0.790

$0.2

MELBOURNE $0.922

$0.4

DAREBIN $0.710

$0.6

BOROONDARA $1.800

$0.8

BANYULE $0.711

MILLIONS

$1.2

BUYING A COMMERCIAL ASSET? HERE’S HOW TO AVOID THE TRAPS

HINKING of purchasing your first commercial property or adding to an existing commercial portfolio? Then you need to access true “insider” advice. Not only on what and where to buy, but also to gain an in-depth knowledge of the nuances of the lease agreements that apply to retail, warehouse and office buildings.

T

“As commercial property prices increase in inner Melbourne, land tax is becoming a strong component as to whether people hold or have to sell a commercial property in situations when they inherit a property.”

An incorrect decision about the type of tenant you put into your new commercial space, and the lease deal you strike, can easily become a costly mistake.

“When you are purchasing a property you need to ask: What type of tenant will lease the premises? Will they be on a retail lease or will they be on a non-retail lease? And how will that affect the bottom line?”

For one thing, if you rent out your premises under a retail lease, it is the landlord – not the tenant – who pays the land tax on the asset. But if a property is rented under a non-retail commercial lease, as usually applies to office and most warehouse rentals, the tenant typically pays for the land tax.

Section 50 of Victoria’s Retail Leases Act 2003 stipulates that the landlord cannot pass on land tax to the tenant.

But the leasing landscape is becoming increasingly blurred as more tenants push to be on retail leases and VCAT rules in their favour in some cases.

The state planning tribunal has recently found that some business enterprises, which traditionally may have been regarded as engaged in industrial activities, can operate under retail leases.

The clincher in this situation is if a customer directly visits commercial premises to purchase goods. For example, a cabinetmaker or a metal fabricator operating from a warehouse located away from traditional retail shop strips can now make convincing cases that they are, in fact, retailing.

A commercial lease is the legal document that sets out the rights and responsibilities of both landlord and tenant of a commercial premises. It includes details on what the landlord will and will not do, and these leases are very different to a residential tenancy agreement.

“So it is hugely beneficial to have a non-retail lease and to have the tenant pay the land tax.”

Of course, a large proportion of commercial properties are retail premises, and Nelson Alexander sales and leasing professionals can provide clear advice on how to best structure a retail lease.

This is especially important in today’s environment in which online business-to-consumer platforms are on a growth trajectory virtually everywhere around the world and traditional retailing is under pressure.

In inner-Melbourne, retail tenants are increasingly requesting flexible, shorter-term leases. At the same time, retail vacancy rates are creeping up in some shopping areas.

Most commercial investors who buy and lease properties through Nelson Alexander are primarily residential property investors with some commercial assets. Because of Nelson Alexander’s deep knowledge of the workings of all forms of real estate in inner Melbourne, the company is able to pick trends and opportunities early and put their commercial clients on the inside track.

Mr Lunardi points out that all of Nelson Alexander’s 17 offices are located on key business strips.

Nelson Alexander Partner Kristian Lunardi says the definition of retail is changing following a number VCAT decisions.

“In Fitzroy, we’re on Brunswick Street; in Northcote, we’re on High Street,” he says. “We live and work in these communities. As a result, we know the tenants; we know the owners and are deeply entrenched in their environment, so when it comes to negotiating commercial sales and leases we have a real edge. We know so much about the local community, which can give a commercial investor a big advantage.”

“A retail lease is effectively more in favour of the tenant than the landlord, mainly because you cannot charge land tax to the tenant,” he says.

To learn more about the full range of services that Nelson Alexander’s commercial team offers clients, please call 03 9419 5511.

NELSON ALEXANDER CHARITABLE FOUNDTION

$361,000 DISTRIBUTED IN 2018

THE CHARITABLE FOUNDATION HAS RAISED $2.75 MILLION SINCE INCEPTION

850 GRANTS ALLOCATED

THE YEAR AHEAD In 2019 we look forward to a surge in our funds distribution to support local community groups, individuals and charities, with an increase in the funding support received from both Nelson Alexander and Printco our property board supplier. These additional funds will enable the work of the Foundation to grow and to reach more people within our community.

We kicked off our 2019 fund raising programme with a Pro-Am event at Latrobe Golf Club, held on Friday 1 Feb, in perfect weather conditions. The $5,000 raised will be split across 2 local charities – Northern Support Services who assist those with a disability to live active lives within our community and Alphington Community Centre who run a wide range of programmes to enable residents to lead an active, creative and sustainable life.

Next up we will field a team in the “Run for the Kids”, raising funds for The Royal Children’s Hospital, which takes place on Sunday 7th April. This high profile event will enhance our ongoing support of the hospital. We currently support 2 beds, along with a number of staff volunteering on a fortnightly basis in the hospital’s book bunker.

Applications are now open for our major annual fundraiser, Foundation Day, whereby each of our seventeen offices donates the professional fee from one of their auctions to their chosen local charity. This is always the highlight of the Foundation’s year as we disburse in the vicinity of $275,000 on a single day. For information on Foundation Day and the activities of the Foundation please visit our website.

MORELAND

GLENROY MOONEE VALLEY

AIRPORT WEST

PASCOE VALE

KEILOR EAST

COBURG

ESSENDON MOONEE PONDS

BRUNSWICK

FLEMINGTON PARKVILLE MELBOURNE

FITZROY MELBOURNE

How Did Your Property Perform?

Note - In order to keep the data accurate, where a suburb falls across multiple municipalities, we have represented that suburb under the municipality that has the greater representation.

DAREBIN

GREENSBOROUGH

RESERVOIR MACLEOD VIEWBANK PRESTON HEIDELBERG

THORNBURY IVANHOE

NORTHCOTE

KEW EAST KEW RICHMOND YARRA

BANYULE

HAWTHORN

BALYWN NORTH BALYWN BOROONDARA

BANYULE

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Bellfield Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Eaglemont Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Greensborough Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Heidelberg Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Heidelberg Heights Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Heidelberg West Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Ivanhoe East Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Lower Ivanhoe Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Lower Plenty Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Macleod Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Montmorency Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Rosanna Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Upper Ivanhoe Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

% of Sales 2018 26% 19% 7% 74% 50% 24%

# Sold 2018 457 342 115 1307 877 430

Median $ Price in 2018 $580,000 $530,000 $720,000 $885,000 $820,000 $1,110,000

Median $ Price Growth 2017-2018 -2% -4% 5% -1% 0% -2%

1 in 4 Sold Below This Price in 2018 $464,314 $433,750 $650,000 $750,000 $725,000 $900,000

1 in 4 Sold Above This Price in 2018 $686,000 $620,250 $815,000 $1,160,000 $1,000,000 $1,442,175

Highest $ Price in 2018 $1,450,000 $1,360,000 $1,450,000 $4,250,000 $4,204,842 $4,250,000

28% 12% 16% 72% 60% 12%

7 3 4 18 15 3

$665,000 $660,000 $750,000 $873,000 $870,000 $925,000

19% n.a.

8% -2% 1% -5%

$660,000 $660,000 $710,000 $793,750 $800,000 $920,000

$730,000 $660,000 $830,000 $936,250 $940,000 $930,000

$910,000 $660,000 $910,000 $1,100,000 $1,100,000 $935,000

11% 8% 3% 89% 50% 39%

4 3 1 34 19 15

$1,032,000 $704,000 $1,450,000 $1,730,875 $1,437,500 $2,160,000

66% 19% 59% -5% -11% 7%

$636,875 $569,750 $1,450,000 $1,371,250 $1,271,250 $1,960,000

$1,382,500 $1,032,000 $1,450,000 $2,047,500 $1,626,250 $3,060,000

$1,450,000 $1,360,000 $1,450,000 $3,600,000 $2,010,000 $3,600,000

22% 16% 6% 78% 48% 30%

68 50 18 239 146 93

$560,000 $515,000 $667,000 $801,000 $754,000 $900,000

-6% -6% 4% -2% -2% 0%

$440,000 $425,500 $639,000 $730,000 $685,000 $820,000

$641,000 $597,250 $729,500 $901,000 $809,500 $998,000

$860,000 $735,000 $860,000 $1,900,000 $1,115,000 $1,900,000

55% 45% 10% 45% 33% 12%

71 59 12 59 43 16

$580,000 $560,000 $722,500 $1,057,000 $1,022,500 $1,210,000

6% 6% -2% -4% 3% -16%

$468,000 $451,500 $652,500 $856,000 $855,000 $1,079,375

$670,000 $638,500 $780,000 $1,220,000 $1,147,500 $1,446,250

$1,030,000 $1,030,000 $920,000 $1,595,000 $1,595,000 $1,565,000

22% 15% 7% 78% 67% 11%

35 24 11 124 107 17

$482,500 $432,500 $683,103 $797,500 $767,000 $925,500

-20% -18% 4% -1% -2% 6%

$414,000 $411,250 $670,000 $710,250 $700,000 $821,250

$646,250 $485,000 $716,250 $923,750 $890,000 $1,181,625

$790,000 $581,000 $790,000 $1,800,000 $1,800,000 $1,630,000

12% 7% 5% 88% 81% 7%

10 6 4 75 69 6

$580,000 $506,000 $647,000 $692,500 $685,000 $730,000

23% 11% 20% -2% -1% -3%

$500,000 $474,750 $621,000 $606,000 $604,500 $705,000

$605,000 $544,000 $668,000 $776,000 $773,000 $820,000

$689,000 $580,000 $689,000 $1,175,000 $1,175,000 $860,000

29% 23% 6% 71% 37% 34%

28 22 6 69 36 33

$610,000 $585,000 $755,000 $1,858,146 $1,707,498 $2,087,500

7% 6% 7% -2% 1% 4%

$536,000 $520,000 $708,000 $1,550,000 $1,391,257 $1,760,500

$728,500 $672,500 $850,000 $2,474,250 $2,218,223 $2,750,000

$870,000 $870,000 $850,000 $4,250,000 $4,204,842 $4,250,000

54% 51% 3% 46% 26% 20%

33 31 2 28 16 12

$555,000 $557,000 $1,250,000 $1,817,250 $1,381,250 $2,260,000

-3% -1% 19% 11% 23% -1%

$473,000 $492,500 $1,250,000 $1,298,750 $1,004,000 $2,001,250

$684,000 $684,000 $1,250,000 $2,280,000 $1,792,500 $2,597,125

$1,250,000 $931,000 $1,250,000 $4,200,000 $2,306,000 $4,200,000

26% 20% 6% 74% 31% 43%

19 15 4 53 22 31

$455,000 $440,000 $654,250 $1,037,500 $750,000 $1,320,000

-1% -4% -1% 1% -8% -24%

$387,500 $385,000 $642,500 $797,500 $650,000 $1,047,500

$599,000 $525,000 $688,325 $1,646,250 $930,000 $2,368,750

$777,800 $618,000 $777,800 $3,570,000 $1,740,000 $3,570,000

31% 22% 9% 69% 47% 22%

54 38 16 120 81 39

$655,000 $545,000 $780,000 $873,000 $820,000 $1,100,000

4% -7% 9% -7% -4% -1%

$332,000 $125,500 $712,500 $749,463 $725,000 $916,250

$712,500 $662,500 $801,500 $1,025,000 $928,000 $1,258,750

$940,000 $720,000 $940,000 $1,682,500 $1,350,000 $1,682,500

27% 15% 12% 73% 49% 24%

43 25 18 119 80 39

$625,000 $590,000 $710,000 $880,000 $815,000 $1,150,000

6% 1% 21% 4% 2% 17%

$540,000 $530,000 $632,500 $767,375 $735,000 $900,000

$690,000 $627,500 $805,000 $1,101,250 $931,500 $1,310,000

$931,000 $762,500 $931,000 $2,350,000 $2,300,000 $2,350,000

16% 8% 8% 84% 54% 30%

21 11 10 109 70 39

$655,000 $566,500 $837,500 $1,085,000 $995,000 $1,242,500

-9% 0% -3% -6% -9% 5%

$562,875 $417,500 $795,000 $906,250 $852,500 $1,110,625

$824,375 $607,500 $890,000 $1,307,500 $1,147,500 $1,398,750

$1,075,000 $740,500 $1,075,000 $2,450,000 $2,450,000 $1,900,000

37% 31% 6% 63% 44% 19%

51 43 8 86 60 26

$516,500 $503,200 $816,000 $1,200,000 $1,116,850 $1,480,000

-17% -16% -5% 2% 8% -2%

$462,500 $456,625 $815,000 $968,875 $889,750 $1,320,000

$720,250 $668,750 $907,500 $1,415,625 $1,285,750 $1,795,000

$1,030,000 $870,000 $1,030,000 $2,920,000 $2,110,000 $2,920,000

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Viewbank Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Watsonia Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Yallambie Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

BOROONDARA

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed College Ward Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Cotham Ward Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Deepdene Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Doncaster Rd Estate Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Gordon Baynard Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Gordon St Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Greythorn Rd Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Greythorn Village Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Hawthorn Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Hawthorn East Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

9% 6% 3% 91% 47% 44%

7 5 2 71 37 34

$543,000 $535,000 $632,500 $915,000 $858,000 $1,010,000

-12% -13% -6% -8% -6% -11%

$514,750 $494,500 $631,250 $824,750 $760,000 $933,000

$601,000 $543,000 $633,750 $1,025,000 $912,000 $1,160,000

$635,000 $572,000 $635,000 $1,450,000 $1,080,000 $1,450,000

* * *

16% 11% 5% 84% 60% 24%

14 10 4 76 54 22

$500,000 $470,000 $646,000 $810,000 $795,000 $860,000

-10% -15% -5% 0% 0% -9%

$462,941 $453,064 $617,750 $728,000 $715,000 $750,000

$645,500 $512,500 $683,500 $893,000 $840,000 $945,000

$754,000 $685,000 $754,000 $1,125,000 $1,060,000 $1,125,000

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3% 3% 0% 97% 74% 23% % of Sales 2018 41% 35% 6% 59% 27% 32%

1 1 0 38 29 9 # Sold 2018 692 601 91 1007 462 545

$671,000 $671,000 n.a. $805,000 $800,000 $835,500 Median $ Price in 2018 $608,088 $572,000 $1,216,000 $1,900,000 $1,607,500 $2,390,000

-3% n.a. n.a.

6% 9% -15% Median $ Price Growth 2017-2018 1% -1% 4% -5% -4% -4%

$671,000 $671,000 n.a. $750,000 $750,000 $780,000 1 in 4 Sold Below This Price in 2018 $478,500 $445,000 $924,500 $1,505,500 $1,300,000 $1,886,000

$671,000 $671,000 n.a. $865,000 $860,000 $936,250 1 in 4 Sold Above This Price in 2018 $781,000 $687,000 $1,552,500 $2,621,000 $1,921,500 $3,240,000

$671,000 $671,000 n.a. $1,400,000 $1,400,000 $955,000 Highest $ Price in 2018 $3,780,000 $2,310,000 $3,780,000 $12,500,000 $6,300,000 $12,500,000

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28% 22% 6% 72% 41% 31%

16 13 3 42 24 18

$660,500 $652,500 $1,020,000 $2,280,000 $1,920,000 $2,992,500

-6% -7% 26% 3% 16% 12%

$549,250 $532,625 $1,000,000 $1,640,000 $1,463,000 $2,432,500

$872,900 $703,750 $1,385,000 $2,800,000 $2,370,000 $3,817,500

$1,750,000 $888,800 $1,750,000 $5,835,000 $2,900,000 $5,835,000

33% 23% 10% 67% 37% 30%

28 20 8 58 32 26

$650,500 $630,500 $1,257,500 $2,000,000 $1,640,000 $3,169,000

1% -1% -32% -17% -3% 5%

$596,875 $533,125 $939,250 $1,535,000 $1,080,000 $2,513,750

$892,500 $657,000 $1,868,750 $2,982,500 $1,932,500 $3,879,500

$3,095,000 $930,000 $3,095,000 $9,700,000 $3,050,000 $9,700,000

31% 23% 8% 69% 19% 50%

8 6 2 18 5 13

$856,250 $829,000 $973,750 $2,312,500 $1,635,000 $2,725,000

-11% -5% -10% -4% -22% -15%

$792,250 $760,750 $918,125 $1,672,500 $1,388,750 $2,126,250

$944,500 $907,000 $1,029,375 $2,787,500 $1,660,000 $2,837,500

$1,085,000 $1,000,000 $1,085,000 $3,250,000 $1,660,000 $3,250,000

21% 17% 4% 79% 33% 46%

25 20 5 93 39 54

$735,000 $676,000 $1,450,000 $1,800,000 $1,610,000 $2,105,000

-6% 12% 0% -10% -14% -5%

$612,500 $550,000 $1,446,000 $1,564,000 $1,405,000 $1,716,500

$936,625 $770,000 $1,510,000 $2,485,000 $1,760,000 $2,850,000

$1,650,000 $1,121,500 $1,650,000 $4,460,000 $3,900,000 $4,460,000

n.a. n.a. n.a.

100% 30% 70%

n.a. n.a. n.a.

43 13 30

n.a. n.a. n.a. $2,055,000 $1,990,000 $2,060,000

n.a. n.a. n.a.

-15% -1% -26%

n.a. n.a. n.a. $1,707,500 $1,730,000 $1,700,000

n.a. n.a. n.a. $2,442,250 $2,466,000 $2,371,000

n.a. n.a. n.a. $6,180,000 $2,620,000 $6,180,000

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27% 20% 7% 73% 23% 50%

28 21 7 75 24 51

$566,000 $532,500 $1,390,000 $2,394,000 $1,770,000 $2,833,000

-7% -13% 7% 4% -7% 15%

$476,500 $455,500 $790,000 $1,892,500 $1,410,000 $2,393,750

$823,750 $593,000 $1,410,000 $3,180,000 $2,165,000 $3,679,500

$2,810,000 $1,163,000 $2,810,000 $4,500,000 $4,500,000 $4,380,000

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4% 0% 4% 96% 46% 50%

1 0 1 27 13 14

$870,000 n.a. $870,000 $1,535,000 $1,442,500 $1,900,000

0% n.a.

-26% 3% 1% 4%

$870,000 n.a. $870,000 $1,284,750 $1,231,500 $1,347,750

$870,000 n.a. $870,000 $1,900,000 $1,622,500 $2,337,500

$870,000 n.a. $870,000 $4,250,000 $1,700,000 $4,250,000

* * *

14% 8% 6% 86% 32% 54%

8 5 3 51 19 32

$908,000 $806,000 $1,200,000 $1,650,000 $1,635,000 $1,737,500

29% 24% 10% -6% 1% -6%

$779,000 $772,000 $985,000 $1,505,250 $1,400,000 $1,550,750

$1,366,250 $908,000 $1,415,000 $1,822,500 $1,690,000 $2,101,375

$1,630,000 $1,010,000 $1,630,000 $3,085,000 $1,995,000 $3,085,000

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69% 64% 5% 31% 18% 13%

300 279 21 137 80 57

$565,000 $551,500 $1,152,500 $2,042,500 $1,650,000 $3,520,000

8% 13% 2% -9% -5% 6%

$435,000 $424,375 $995,000 $1,495,000 $1,255,000 $2,450,000

$684,000 $650,438 $1,620,875 $3,246,250 $2,000,000 $4,630,000

$3,500,000 $1,820,000 $3,500,000 $12,500,000 $6,300,000 $12,500,000

50% 46% 4% 50% 26% 24%

127 116 11 127 67 60

$570,000 $520,000 $1,305,000 $2,050,000 $1,525,000 $2,622,000

-2% -5% 62% -6% -13% -17%

$410,000 $400,000 $1,200,000 $1,425,000 $1,321,000 $2,185,000

$702,500 $652,000 $1,800,000 $2,690,000 $1,970,000 $3,575,000

$3,780,000 $1,038,000 $3,780,000 $6,250,000 $3,600,000 $6,250,000

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Kew East Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Kew Junction Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Maranoa Gardens Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Riverside Estate Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Sackville Ward Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Studley Park Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

DAREBIN

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Alphington Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Fairfield Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Kingsbury Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Northcote East of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Northcote West of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Preston East of Plenty Units/Townhouses 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Preston West of Plenty Units/Townhouses 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

14% 14% 0% 86% 47% 39%

13 13 0 78 43 35

$725,000 $725,000 n.a. $1,754,500 $1,487,500 $2,115,000

-16% 1% n.a.

-2% -10% 0%

$682,750 $682,750 n.a. $1,370,000 $1,257,500 $1,792,500

$788,000 $788,000 n.a. $2,038,000 $1,756,750 $2,335,000

$1,320,650 $1,320,650 n.a. $2,930,000 $2,050,000 $2,930,000

* *

44% 37% 7% 56% 33% 23%

54 46 8 68 40 28

$618,500 $600,000 $810,500 $1,530,000 $1,285,000 $2,107,500

1% 2% -2% -5% -8% 5%

$525,000 $525,000 $646,000 $1,245,000 $1,020,000 $1,697,500

$687,000 $666,250 $1,415,000 $2,020,000 $1,522,500 $2,680,000

$2,400,000 $2,310,000 $2,400,000 $4,425,000 $2,200,000 $4,425,000

36% 25% 11% 64% 19% 45%

47 33 14 84 25 59

$776,000 $616,544 $1,275,000 $1,940,000 $1,725,000 $2,176,000

12% 2% -16% -12% 3% -8%

$532,500 $523,250 $1,110,000 $1,638,750 $1,412,500 $1,882,000

$1,027,000 $792,500 $1,500,000 $2,654,500 $2,113,250 $2,740,000

$1,750,000 $1,370,000 $1,750,000 $4,380,000 $3,100,000 $4,380,000

n.a. n.a. n.a.

100% 26% 74%

n.a. n.a. n.a.

19 5 14

n.a. n.a. n.a. $1,800,000 $2,025,000 $1,745,000

n.a. n.a. n.a.

-12% 29% -39%

n.a. n.a. n.a. $1,500,000 $1,500,000 $1,552,525

n.a. n.a. n.a. $2,100,000 $2,100,000 $2,083,750

n.a. n.a. n.a. $3,350,000 $2,140,000 $3,350,000

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40% 20% 20% 60% 22% 38%

12 6 6 17 6 11

$1,140,000 $1,132,000 $1,140,000 $2,810,000 $1,396,000 $3,800,000

22% 22% 16% -18% -30% -6%

$977,500 $817,500 $1,000,000 $1,465,000 $1,238,000 $2,810,000

$1,327,000 $1,338,500 $1,216,000 $4,240,000 $1,672,500 $4,888,000

$1,400,000 $1,400,000 $1,400,000 $5,120,000 $3,400,000 $5,120,000

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29% 24% 5% 71% 27% 44% % of Sales 2018 36% 32% 4% 64% 53% 11%

30 25 5 73 28 45 # Sold 2018 834 745 89 1485 1220 265

$610,000 $595,000 $1,190,000 $2,380,000 $2,402,500 $2,300,000 Median $ Price in 2018 $487,250 $469,800 $650,000 $900,000 $856,500 $1,305,250

-9% -4% 25% 12% 32% 5% Median $ Price Growth 2017-2018 5% 5% 2% 0% 0% 4%

$542,500 $505,000 $935,000 $1,705,000 $1,452,500 $1,800,000 1 in 4 Sold Below This Price in 2018 $385,627 $375,000 $589,750 $725,000 $707,000 $950,000

$725,000 $707,500 $1,640,000 $2,938,888 $2,732,750 $3,130,000 1 in 4 Sold Above This Price in 2018 $591,126 $560,000 $772,500 $1,200,000 $1,100,625 $1,826,500

$2,090,000 $961,000 $2,090,000 $5,000,000 $5,000,000 $4,350,000 Highest $ Price in 2018 $3,800,000 $3,800,000 $1,270,000 $4,725,000 $4,000,000 $4,725,000

28% 23% 5% 72% 43% 29%

18 15 3 47 28 19

$562,000 $537,500 $887,500 $1,700,000 $1,150,000 $2,112,500

24% 19% -11% 7% -13% 11%

$407,000 $379,250 $868,750 $1,110,000 $1,006,250 $1,824,500

$755,000 $656,875 $906,250 $2,030,000 $1,611,250 $2,407,500

$925,000 $800,000 $925,000 $3,050,000 $1,980,000 $3,050,000

45% 43% 2% 55% 41% 14%

57 55 2 70 52 18

$425,000 $393,000 $1,270,000 $1,290,000 $1,187,000 $1,912,500

5% 6% 50% -10% -17% 28%

$326,500 $325,500 $1,270,000 $1,050,000 $985,750 $1,572,500

$548,750 $530,250 $1,270,000 $1,610,000 $1,319,000 $2,125,000

$1,270,000 $814,000 $1,270,000 $4,725,000 $2,230,000 $4,725,000

28% 18% 10% 72% 51% 21%

11 7 4 28 20 8

$501,000 $405,000 $585,000 $720,000 $716,750 $742,000

18% 7% -11% 1% 0% -12%

$381,000 $351,000 $542,750 $678,748 $673,121 $700,000

$538,000 $480,500 $625,750 $769,500 $755,250 $806,000

$643,000 $526,000 $643,000 $1,042,000 $1,042,000 $940,000

30% 30% 0% 70% 51% 19%

53 53 0 123 89 34

$525,000 $525,000 n.a. $1,377,500 $1,155,000 $2,007,500

4% 5% n.a.

4% -10% -9%

$425,000 $425,500 n.a. $1,050,000 $875,625 $1,652,500

$576,000 $570,000 n.a. $1,752,506 $1,455,000 $2,202,500

$1,260,000 $1,260,000 n.a. $3,050,000 $2,750,000 $3,050,000

46% 43% 3% 54% 45% 9%

94 88 6 109 91 18

$542,500 $520,000 $767,500 $1,235,000 $1,135,000 $1,650,000

1% 10% -30% 2% 0% -15%

$413,500 $382,500 $690,500 $929,375 $855,000 $1,505,000

$627,813 $626,875 $925,625 $1,505,000 $1,362,500 $2,138,125

$1,250,000 $1,250,000 $1,242,500 $4,000,000 $4,000,000 $2,450,000

43% 36% 7% 57% 46% 11%

94 78 16 125 101 24

$595,000 $587,888 $702,000 $967,500 $970,000 $965,000

20% 20% 24% 29% 31% 2%

$442,250 $410,750 $585,250 $851,000 $835,000 $906,250

$701,500 $671,500 $830,000 $1,072,500 $1,060,000 $1,191,250

$1,220,000 $850,000 $1,220,000 $1,845,000 $1,335,000 $1,845,000

58% 48% 11% 42% 30% 12%

224 183 41 160 114 46

$460,000 $440,000 $840,000 $1,060,000 $1,008,500 $1,307,500

2% -1% 33% 23% 24% 26%

$398,000 $378,000 $762,000 $915,600 $891,250 $1,072,500

$640,750 $578,500 $965,000 $1,250,000 $1,167,500 $1,455,000

$1,205,000 $795,000 $1,205,000 $3,000,000 $3,000,000 $2,035,000

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Reservoir East of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Reservoir West of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Thornbury East of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Thornbury West of High Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Westgarth Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

MELBOURNE

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Carlton Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Carlton North Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Docklands Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed East Melbourne Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Flemington Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Kensington Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Melbourne Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed North Melbourne Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

36% 29% 7% 64% 56% 8%

169 134 35 301 265 36

$495,000 $464,900 $629,980 $715,000 $707,000 $906,000

3% 2% 2% -1% 0% 0%

$409,250 $385,625 $589,750 $630,750 $620,000 $722,500

$592,250 $530,000 $683,500 $842,850 $813,750 $1,100,750

$870,000 $685,500 $870,000 $3,366,000 $1,332,000 $3,366,000

24% 21% 3% 76% 62% 14%

77 67 10 238 196 42

$528,000 $523,500 $712,500 $777,500 $750,000 $957,000

10% 11% 37% 2% 3% -1%

$455,250 $450,000 $648,750 $667,875 $655,000 $800,000

$597,500 $571,875 $841,250 $896,250 $850,000 $1,100,000

$888,000 $820,000 $888,000 $1,543,129 $1,543,129 $1,475,000

33% 29% 4% 67% 60% 7%

71 62 9 144 128 16

$505,000 $500,000 $718,000 $1,036,250 $1,010,000 $1,436,000

0% 1% 0% -6% -2% -3%

$391,000 $382,000 $620,000 $802,375 $830,500 $1,160,000

$600,000 $553,750 $776,500 $1,335,000 $1,300,000 $1,664,000

$845,000 $735,250 $845,000 $1,850,000 $1,750,000 $1,850,000

43% 43% 0% 57% 45% 12%

52 52 0 70 55 15

$485,000 $482,000 n.a. $1,128,500 $1,052,500 $1,532,500

12% 7% n.a.

-10% -5% -4%

$375,000 $375,000 n.a. $888,750 $831,250 $1,373,750

$622,500 $602,550 n.a. $1,359,375 $1,200,000 $1,756,250

$830,000 $830,000 n.a. $2,100,000 $1,641,000 $2,100,000

38% 36% 2% 62% 50% 12% % of Sales 2018 76% 67% 9% 24% 20% 4%

21 20 1 35 28 7 # Sold 2018 1671 1473 198 514 433 81

$452,000 $442,000 $845,000 $1,350,000 $1,307,500 $2,631,750 Median $ Price in 2018 $541,000 $514,500 $1,195,000 $1,120,000 $1,033,000 $1,937,500

11% 9% -41% 1% 2% 63% Median $ Price Growth 2017-2018 6% 10% 23% -13% -11% 7%

$365,000 $363,250 $845,000 $1,150,000 $1,096,250 $2,630,000 1 in 4 Sold Below This Price in 2018 $421,000 $405,000 $866,250 $859,888 $822,500 $1,475,000

$623,000 $590,750 $845,000 $1,822,000 $1,496,250 $2,645,875 1 in 4 Sold Above This Price in 2018 $720,000 $639,750 $1,681,420 $1,532,500 $1,372,500 $2,650,000

$3,800,000 $3,800,000 $845,000 $2,700,000 $2,010,000 $2,700,000 Highest $ Price in 2018 $10,750,000 $10,750,000 $6,440,000 $7,500,000 $3,500,000 $7,500,000

77% 73% 4% 23% 18% 5%

172 164 8 50 40 10

$435,000 $430,000 $970,000 $1,420,000 $1,302,500 $2,252,500

18% 34% 22% -3% -10% -7%

$251,250 $241,000 $570,000 $937,500 $935,000 $1,954,250

$600,000 $600,000 $1,150,000 $1,790,500 $1,637,500 $3,013,750

$1,705,000 $1,705,000 $1,200,000 $5,460,000 $3,300,000 $5,460,000

15% 14% 1% 85% 75% 10%

12 11 1 68 60 8

$680,000 $665,000 $735,000 $1,420,000 $1,357,500 $2,450,000

5% 6% -53% -12% -12% 29%

$622,500 $620,000 $735,000 $1,110,000 $1,035,750 $2,000,000

$750,000 $757,500 $735,000 $1,825,000 $1,637,500 $2,602,500

$1,402,250 $1,402,250 $735,000 $3,475,000 $2,412,500 $3,475,000

99% 83% 16% 1% 0% 0%

450 378 72 6 4 2

$610,000 $575,000 $1,225,000 $1,910,000 $1,920,000 n.a.

6% 5% 3% 17% 27% n.a.

$465,000 $445,000 $999,000 $1,790,000 $1,910,000 n.a.

$863,750 $707,950 $1,505,000 $1,932,500 $1,945,000 n.a.

$3,500,000 $1,455,300 $3,500,000 $1,970,000 $1,970,000 n.a.

81% 72% 9% 19% 9% 10%

94 83 11 22 10 12

$740,000 $672,000 $2,930,000 $2,900,000 $2,270,000 $4,625,000

11% 3% -16% -18% -6% 2%

$535,000 $480,160 $2,193,750 $2,030,000 $1,680,000 $2,775,000

$1,205,000 $890,000 $3,237,500 $4,414,125 $2,850,000 $5,527,000

$10,750,000 $10,750,000 $4,920,000 $7,500,000 $2,950,000 $7,500,000

56% 55% 1% 44% 42% 2%

78 76 2 61 58 3

$430,000 $408,500 $910,000 $852,500 $840,000 $1,560,000

2% 6% 9% -21% -18% 3%

$325,000 $320,000 $910,000 $777,500 $777,500 $1,415,000

$490,000 $452,000 $910,000 $996,000 $979,250 $1,705,000

$1,165,000 $1,165,000 $910,000 $1,850,000 $1,525,000 $1,850,000

47% 45% 2% 53% 45% 8%

117 113 4 132 112 20

$495,000 $500,500 $680,000 $976,000 $950,000 $1,420,000

9% 11% 12% -2% 1% 0%

$430,500 $427,875 $587,500 $790,000 $768,000 $1,210,000

$550,000 $550,000 $686,000 $1,230,000 $1,088,000 $1,515,500

$930,000 $930,000 $692,000 $2,475,000 $1,730,000 $2,475,000

76% 67% 9% 24% 20% 4%

1671 1473 198 514 433 81

$541,000 $514,500 $1,195,000 $1,120,000 $1,033,000 $1,937,500

6% 10% 23% -13% -11% 7%

$421,000 $405,000 $866,250 $859,888 $822,500 $1,475,000

$720,000 $639,750 $1,681,420 $1,532,500 $1,372,500 $2,650,000

$10,750,000 $10,750,000 $6,440,000 $7,500,000 $3,500,000 $7,500,000

68% 64% 4% 32% 28% 4%

193 183 10 92 82 10

$482,250 $475,000 $626,000 $1,120,000 $1,085,000 $2,056,500

3% 1% -22% -15% -16% 25%

$380,250 $362,500 $617,500 $885,000 $871,250 $1,809,500

$620,000 $603,500 $695,000 $1,390,000 $1,285,000 $2,696,500

$2,625,000 $2,625,000 $1,140,000 $2,911,000 $2,828,000 $2,911,000

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Parkville Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Princes Hill Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed West Melbourne Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

MOONEE VALLEY

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Aberfeldie Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Airport West Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Ascot Vale Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Avondale Heights Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Essendon Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Essendon North Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Essendon West Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Keilor East Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Keilor Park Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Moonee Ponds Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

61% 53% 8% 39% 24% 15%

45 39 6 29 18 11

$497,500 $479,250 $1,250,000 $1,760,000 $1,075,000 $2,650,000

-3% -4% 58% 22% -6% 67%

$439,250 $428,000 $681,000 $805,000 $634,750 $1,937,500

$676,250 $631,000 $1,765,000 $2,762,500 $2,201,250 $3,225,000

$2,075,000 $1,005,000 $2,075,000 $3,925,000 $3,500,000 $3,925,000

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16% 16% 0% 84% 63% 21%

3 3 0 16 12 4

$480,000 $480,000 n.a. $1,815,000 $1,570,000 $2,472,500

36% 36% n.a.

5% -4% -23%

$450,000 $450,000 n.a. $1,485,000 $1,333,125 $2,246,250

$632,500 $632,500 n.a. $2,133,750 $1,962,500 $3,018,250

$785,000 $785,000 n.a. $4,123,000 $2,175,000 $4,123,000

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83% 75% 8% 17% 14% 3% % of Sales 2018 34% 29% 5% 66% 42% 24%

144 130 14 30 25 5 # Sold 2018 604 512 92 1173 755 418

$505,888 $475,000 $935,000 $1,265,000 $1,192,250 $1,802,000 Median $ Price in 2018 $472,500 $445,000 $751,000 $1,025,000 $910,000 $1,358,750

-3% -4% -6% -4% -1% 2% Median $ Price Growth 2017-2018 1% 3% 0% 3% -2% 3%

$422,250 $414,999 $710,000 $940,000 $931,250 $1,730,000 1 in 4 Sold Below This Price in 2018 $389,875 $368,000 $652,000 $805,000 $750,000 $1,038,750

$628,000 $610,000 $1,189,000 $1,730,000 $1,377,500 $1,823,000 1 in 4 Sold Above This Price in 2018 $597,250 $530,000 $830,000 $1,381,250 $1,161,875 $1,763,750

$2,488,888 $1,250,000 $2,488,888 $4,855,000 $2,400,000 $4,855,000 Highest $ Price in 2018 $2,500,000 $990,000 $2,500,000 $6,850,000 $2,500,000 $6,850,000

18% 15% 3% 82% 42% 40%

7 6 1 31 16 15

$476,500 $470,000 $760,000 $1,573,000 $1,500,000 $1,605,000

1% 28% -17% 17% 26% -7%

$382,250 $353,000 $760,000 $1,400,000 $1,362,500 $1,482,500

$518,250 $483,000 $760,000 $1,720,000 $1,594,000 $1,880,000

$760,000 $530,000 $760,000 $2,420,000 $1,750,000 $2,420,000

34% 16% 18% 66% 42% 24%

48 23 25 94 59 35

$622,000 $580,500 $695,000 $820,000 $767,000 $920,000

15% 16% 2% 2% -1% -6%

$576,250 $530,000 $657,000 $712,250 $650,000 $832,750

$700,500 $600,000 $760,500 $915,000 $865,000 $1,010,000

$932,500 $701,000 $932,500 $1,540,000 $1,300,000 $1,540,000

33% 30% 3% 67% 51% 16%

54 49 5 112 84 28

$493,500 $480,000 $790,000 $1,118,000 $1,015,000 $1,532,500

-2% 7% -9% -1% 3% 2%

$408,750 $400,000 $625,000 $927,250 $880,000 $1,350,750

$529,500 $516,000 $1,200,000 $1,340,250 $1,197,500 $1,631,250

$2,500,000 $811,000 $2,500,000 $3,100,000 $2,180,000 $3,100,000

10% 4% 6% 90% 57% 33%

11 4 7 103 65 38

$668,000 $572,500 $675,000 $838,000 $780,000 $1,070,000

47% 31% -10% -1% -5% 16%

$572,500 $507,500 $669,000 $750,000 $727,500 $972,000

$687,500 $581,250 $850,000 $1,005,000 $860,000 $1,190,000

$1,110,000 $585,000 $1,110,000 $1,550,000 $1,100,000 $1,550,000

52% 48% 4% 48% 28% 20%

219 201 18 204 120 84

$468,000 $445,000 $821,500 $1,405,000 $1,050,000 $1,830,000

1% 1% -6% 6% -12% 6%

$393,125 $389,750 $787,000 $960,000 $852,500 $1,533,500

$550,000 $526,250 $838,750 $1,830,000 $1,406,000 $2,287,500

$990,000 $990,000 $990,000 $6,850,000 $2,340,000 $6,850,000

76% 68% 8% 24% 20% 4%

38 34 4 12 10 2

$400,000 $399,000 $982,000 $1,145,000 $972,500 $1,370,000

5% 9% 22% 4% -7% 3%

$340,250 $339,375 $981,000 $740,000 $720,000 $1,315,000

$435,000 $413,750 $1,026,000 $1,222,500 $1,206,875 $1,425,000

$1,070,000 $650,000 $1,070,000 $1,480,000 $1,400,000 $1,480,000

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8% 8% 0% 92% 46% 46%

2 2 0 22 11 11

$377,000 $377,000 n.a. $1,190,000 $1,121,000 $1,315,000

-55% n.a. n.a.

-7% -14% 1%

$377,000 $377,000 n.a. $1,077,500 $1,085,000 $1,022,500

$377,000 $377,000 n.a. $1,345,000 $1,210,000 $1,390,000

$377,000 $377,000 n.a. $1,840,000 $1,355,000 $1,840,000

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10% 5% 5% 90% 60% 30%

20 10 10 186 124 62

$634,500 $595,000 $680,000 $805,000 $757,500 $1,000,000

-7% 21% -7% -3% -5% 6%

$588,750 $492,500 $593,000 $705,000 $680,250 $835,000

$683,547 $614,000 $803,500 $1,000,000 $899,375 $1,175,000

$830,000 $636,000 $830,000 $1,800,000 $1,140,000 $1,800,000

30% 30% 0% 70% 40% 30%

8 8 0 19 11 8

$360,250 $565,000 n.a. $770,000 $680,000 $845,000

-35% 14% n.a.

6% -4% 10%

$349,800 $565,000 n.a. $662,500 $638,750 $791,000

$407,000 $565,000 n.a. $820,000 $715,000 $877,500

$565,000 $565,000 n.a. $925,000 $800,000 $925,000

34% 31% 3% 66% 47% 19%

84 76 8 161 115 46

$457,500 $450,500 $681,000 $1,230,000 $1,005,000 $1,705,000

-5% 4% -2% -4% -12% -1%

$385,750 $385,000 $632,500 $893,750 $836,250 $1,425,000

$550,750 $538,500 $860,000 $1,591,375 $1,315,000 $2,100,000

$950,500 $750,000 $950,500 $5,500,000 $1,850,000 $5,500,000

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Niddrie Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Rothwell Hill Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Strathmore Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Strathmore Heights Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Travancore Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Whiskey Hill Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

MORELAND

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Brunswick Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Brunswick East Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Brunswick West Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Coburg Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Coburg North Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Coonans Hill Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

26% 20% 6% 74% 55% 19%

26 20 6 75 56 19

$520,000 $465,000 $715,000 $1,050,000 $990,000 $1,250,000

-15% -13% 2% 3% 3% 4%

$410,000 $400,000 $680,000 $900,000 $875,500 $1,045,000

$665,000 $566,000 $730,000 $1,250,000 $1,102,500 $1,338,000

$782,000 $766,000 $782,000 $1,670,000 $1,670,000 $1,431,000

35% 35% 0% 65% 47% 18%

6 6 0 11 8 3

$507,500 $507,500 n.a. $1,130,000 $1,062,500 $1,720,000

6% 6% n.a.

6% 3% -7%

$490,000 $490,000 n.a. $985,000 $935,000 $1,665,000

$532,500 $532,500 n.a. $1,665,000 $1,172,500 $1,960,000

$700,000 $700,000 n.a. $2,200,000 $1,880,000 $2,200,000

17% 11% 6% 83% 44% 39%

23 15 8 116 62 54

$732,500 $665,000 $852,500 $1,320,000 $1,215,000 $1,565,000

8% 48% 7% 7% 3% 15%

$555,000 $458,000 $757,500 $1,025,500 $883,750 $1,200,000

$792,500 $738,750 $966,250 $1,577,500 $1,447,500 $1,825,000

$1,025,000 $770,000 $1,025,000 $3,500,000 $2,250,000 $3,500,000

n.a. n.a. n.a.

100% 60% 40%

n.a. n.a. n.a.

15 9 6

n.a. n.a. n.a. $852,000 $787,000 $1,085,000

n.a. n.a. n.a.

9% 11% 9%

n.a. n.a. n.a. $730,000 $705,000 $899,000

n.a. n.a. n.a. $1,047,500 $880,000 $1,235,000

n.a. n.a. n.a. $1,360,000 $1,055,000 $1,360,000

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88% 82% 6% 12% 6% 6%

63 59 4 9 5 4

$352,500 $350,000 $688,000 $1,475,000 $1,375,000 $1,850,000

1% 1% 9% 53% 51% 17%

$330,000 $330,000 $649,000 $1,274,250 $972,000 $1,650,000

$412,500 $402,500 $689,000 $1,937,500 $1,500,000 $2,025,000

$690,000 $585,000 $690,000 $2,500,000 $2,500,000 $2,200,000

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n.a. n.a. n.a.

100% 30% 70% % of Sales 2018 34% 29% 5% 66% 54% 12%

n.a. n.a. n.a.

10 3 7 # Sold 2018 904 768 136 1777 1439 338

n.a. n.a. n.a. $1,650,000 $985,000 $1,795,000 Median $ Price in 2018 $490,000 $469,000 $617,000 $835,000 $800,000 $1,065,000

n.a. n.a. n.a.

9% -25% 9% Median $ Price Growth 2017-2018 4% 3% 2% 1% 0% 3%

n.a. n.a. n.a. $1,225,000 $935,000 $1,682,500 1 in 4 Sold Below This Price in 2018 $400,000 $387,250 $547,500 $690,000 $665,000 $850,000

n.a. n.a. n.a. $1,810,000 $1,107,944 $2,222,500 1 in 4 Sold Above This Price in 2018 $582,125 $550,000 $712,500 $1,023,750 $960,000 $1,345,000

n.a. n.a. n.a. $2,700,000 $1,230,888 $2,700,000 Highest $ Price in 2018 $1,175,000 $938,000 $1,175,000 $3,110,000 $2,750,000 $3,110,000

47% 44% 3% 53% 43% 10%

203 191 12 225 184 41

$490,000 $483,000 $800,000 $1,035,500 $980,000 $1,405,000

2% 2% -9% -8% -8% -4%

$399,500 $392,000 $687,500 $891,000 $880,000 $1,205,000

$582,500 $570,500 $919,875 $1,240,500 $1,131,250 $1,627,000

$1,175,000 $938,000 $1,175,000 $2,260,000 $1,540,000 $2,260,000

55% 52% 3% 45% 35% 10%

116 111 5 96 75 21

$470,000 $425,000 $925,000 $1,070,000 $1,005,000 $1,500,000

0% -10% 52% 2% -2% -11%

$390,000 $386,000 $742,500 $885,000 $878,500 $1,290,000

$565,000 $550,000 $990,000 $1,345,000 $1,255,000 $1,615,000

$1,055,000 $720,000 $1,055,000 $2,750,000 $2,750,000 $2,300,000

49% 48% 1% 51% 40% 11%

119 116 3 123 96 27

$425,000 $430,000 $617,500 $1,065,000 $942,500 $1,450,000

1% 5% -15% 12% 3% 5%

$365,000 $377,500 $526,250 $752,500 $715,875 $1,271,000

$500,000 $500,000 $708,750 $1,295,000 $1,137,500 $1,535,000

$800,000 $710,000 $800,000 $2,066,000 $1,650,000 $2,066,000

20% 17% 3% 80% 65% 15%

62 54 8 243 198 45

$494,250 $480,000 $745,000 $960,000 $925,500 $1,235,000

0% -2% 46% -3% -1% 2%

$431,750 $425,400 $492,750 $850,000 $828,750 $1,087,500

$669,000 $640,000 $778,750 $1,122,250 $1,050,000 $1,340,000

$857,000 $808,000 $857,000 $3,110,000 $2,000,000 $3,110,000

13% 9% 4% 87% 68% 19%

12 8 4 79 62 17

$536,700 $490,000 $678,500 $811,500 $770,500 $952,500

0% -7% -13% 3% 1% -1%

$317,250 $332,875 $637,250 $715,000 $700,000 $866,250

$660,875 $645,625 $693,250 $900,000 $862,750 $1,129,000

$810,000 $810,000 $708,000 $1,410,000 $1,030,000 $1,410,000

n.a. n.a. n.a.

100% 89% 11%

n.a. n.a. n.a.

44 39 5

n.a. n.a. n.a. $927,000 $927,000 $1,085,000

n.a. n.a. n.a.

-1% 2% -9%

n.a. n.a. n.a. $847,500 $853,750 $880,000

n.a. n.a. n.a. $1,016,000 $1,012,000 $1,335,000

n.a. n.a. n.a. $1,500,000 $1,480,000 $1,500,000

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Fawkner Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Glencairn Estate Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Glenroy Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Gowanbrae Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Hadfield Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Merlynston Village Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Oak Park Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Pascoe Vale Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Pascoe Vale South Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Pentridge Village Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

YARRA

Area Total Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Clifton Hill Village Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Collingwood Hotham Ward Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

19% 12% 7% 81% 68% 13%

36 23 13 152 127 25

$485,000 $427,750 $547,500 $700,000 $700,000 $760,000

9% 2% 12% 0% 0% 3%

$399,250 $385,125 $504,350 $645,000 $639,000 $707,750

$540,000 $478,125 $594,875 $771,250 $750,000 $846,750

$630,000 $570,000 $630,000 $966,000 $901,000 $966,000

17% 17% 0% 83% 50% 33%

1 1 0 5 3 2

$474,000 $474,000 n.a. $1,105,000 $872,000 $1,340,900

n.a. n.a. n.a.

-11% -29% n.a.

$474,000 $474,000 n.a. $872,000 $677,500 $1,335,450

$474,000 $474,000 n.a. $1,330,000 $988,500 $1,346,350

$474,000 $474,000 n.a. $1,351,800 $1,105,000 $1,351,800

32% 21% 11% 68% 56% 12%

130 88 42 282 230 52

$482,500 $451,225 $555,000 $685,000 $650,000 $790,000

-2% 0% -5% 1% -1% -2%

$420,000 $367,500 $520,000 $590,000 $568,750 $731,000

$535,000 $500,940 $600,000 $764,250 $725,500 $885,000

$715,000 $645,000 $715,000 $1,750,000 $1,120,000 $1,750,000

n.a. n.a. n.a.

100% 49% 51%

n.a. n.a. n.a.

35 17 18

n.a. n.a. n.a. $720,000 $632,500 $960,000

n.a. n.a. n.a.

4% -3% 10%

n.a. n.a. n.a. $650,000 $585,000 $720,000

n.a. n.a. n.a. $960,000 $700,625 $1,095,000

n.a. n.a. n.a. $1,340,000 $810,000 $1,340,000

32% 25% 7% 68% 57% 11%

32 25 7 67 56 11

$490,000 $445,000 $612,500 $741,500 $731,000 $782,000

10% 6% 24% 1% 1% -6%

$405,000 $383,125 $585,000 $604,000 $580,000 $766,000

$585,000 $511,250 $652,500 $785,000 $775,000 $823,000

$690,000 $610,000 $690,000 $1,060,000 $1,060,000 $970,000

28% 28% 0% 72% 62% 10%

8 8 0 21 18 3

$545,000 $502,500 n.a. $780,000 $740,000 $1,102,000

23% 44% n.a.

-4% -6% 13%

$487,500 $419,750 n.a. $651,250 $625,000 $976,050

$588,500 $610,000 n.a. $1,036,250 $995,000 $1,108,500

$685,000 $685,000 n.a. $1,820,000 $1,820,000 $1,115,000

38% 27% 11% 62% 45% 17%

48 34 14 78 57 21

$580,000 $520,000 $720,000 $810,000 $760,000 $965,000

4% 2% 5% -1% -1% -12%

$499,000 $440,000 $660,000 $695,000 $647,750 $914,308

$667,250 $615,000 $753,750 $940,000 $850,000 $1,080,480

$837,000 $758,000 $837,000 $1,320,000 $1,099,000 $1,320,000

31% 23% 8% 69% 60% 9%

100 75 25 223 194 29

$567,500 $525,000 $700,000 $786,250 $750,000 $942,500

12% 7% 11% -3% -3% -7%

$483,125 $437,500 $643,125 $641,875 $625,000 $876,250

$644,375 $580,000 $743,750 $940,000 $900,000 $1,078,750

$940,000 $743,000 $940,000 $2,400,000 $1,860,000 $2,400,000

21% 16% 5% 79% 62% 17%

24 18 6 92 72 20

$510,000 $495,000 $705,000 $932,500 $880,000 $1,333,500

3% 7% -6% 0% -4% 21%

$380,250 $372,500 $703,501 $770,000 $760,000 $1,187,500

$697,500 $550,000 $752,000 $1,151,250 $1,012,500 $1,382,500

$790,000 $760,000 $790,000 $2,030,000 $1,400,000 $2,030,000

53% 48% 5% 47% 35% 12% % of Sales 2018 51% 47% 4% 49% 43% 6%

23 21 2 20 15 5 # Sold 2018 720 658 62 690 603 87

$421,000 $417,500 $560,000 $756,000 $721,100 $1,160,000 Median $ Price in 2018 $560,000 $540,000 $1,060,000 $1,270,000 $1,220,000 $1,925,000

4% 3% n.a.

5% 3% 19% Median $ Price Growth 2017-2018 3% 2% 12% -4% -5% -6%

$371,750 $370,000 $560,000 $625,000 $622,500 $1,082,000 1 in 4 Sold Below This Price in 2018 $420,000 $415,000 $867,500 $1,000,000 $965,000 $1,630,000

$514,125 $483,250 $560,000 $939,500 $768,500 $1,200,000 1 in 4 Sold Above This Price in 2018 $730,000 $680,000 $1,268,500 $1,605,000 $1,472,750 $2,220,000

$690,000 $690,000 $560,000 $1,300,000 $911,000 $1,300,000 Highest $ Price in 2018 $5,850,000 $5,850,000 $2,380,000 $5,000,000 $3,740,000 $5,000,000

32% 26% 6% 68% 52% 16%

26 21 5 55 42 13

$604,563 $567,500 $943,750 $1,231,150 $1,067,500 $1,730,000

2% -4% -2% -8% -14% -4%

$400,000 $368,563 $932,500 $975,000 $946,250 $1,500,250

$790,625 $668,250 $1,100,625 $1,600,000 $1,412,625 $2,114,375

$1,560,000 $792,500 $1,560,000 $2,635,000 $2,325,888 $2,635,000

55% 49% 6% 45% 41% 4%

38 34 4 31 28 3

$562,500 $565,000 $963,000 $1,040,000 $1,030,000 $1,279,500

25% 22% 11% -20% -14% -7%

$449,150 $445,800 $712,500 $890,625 $891,250 $1,219,750

$720,500 $710,000 $1,086,500 $1,330,000 $1,320,000 $1,339,250

$1,785,000 $1,785,000 $1,210,000 $2,330,000 $2,330,000 $1,399,000

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Convent Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Darling Gardens Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Edinburgh Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Foy Gibson Warehouse Precinct Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Nicholson Village Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed NOJO (Fitzroy) Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Richmond North of Bridge Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Richmond South of Bridge Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed SOJO (Fitzroy) Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed Vic Park Apartments/Units 1-2 Bed 3+ Bed Houses 1-3 Bed 4+ Bed

60% 53% 7% 40% 37% 3%

87 77 10 58 54 4

$460,000 $453,000 $1,750,000 $1,185,000 $1,172,500 $1,720,000

-9% -5% 77% -8% -8% 12%

$401,900 $394,250 $987,500 $950,000 $927,500 $1,610,000

$635,750 $557,500 $1,964,250 $1,330,000 $1,273,750 $1,885,000

$2,019,000 $935,000 $2,019,000 $2,050,000 $1,630,000 $2,050,000

5% 5% 0% 95% 67% 28%

1 1 0 20 14 6

$749,000 $749,000 n.a. $1,290,000 $1,052,500 $1,630,000

21% 21% n.a.

12% 1% -29%

$749,000 $749,000 n.a. $916,750 $900,000 $1,369,000

$749,000 $749,000 n.a. $1,407,500 $1,347,500 $3,270,000

$749,000 $749,000 n.a. $3,600,000 $1,450,000 $3,600,000

35% 33% 2% 65% 44% 21%

28 26 2 52 35 17

$618,000 $605,000 $975,000 $1,691,000 $1,412,500 $2,165,000

6% 7% -24% 13% -3% 3%

$469,000 $454,875 $975,000 $1,233,125 $990,000 $1,837,500

$727,000 $708,000 $975,000 $2,121,250 $1,995,000 $2,583,750

$1,260,000 $1,260,000 $975,000 $5,000,000 $2,600,000 $5,000,000

84% 78% 6% 16% 14% 2%

117 108 9 22 20 2

$477,500 $477,500 $1,100,000 $1,137,500 $1,100,000 $2,000,000

-13% -11% 5% -5% -8% 63%

$419,000 $419,000 $917,500 $897,000 $881,000 $2,000,000

$672,500 $648,750 $1,535,500 $1,402,500 $1,370,000 $2,000,000

$2,380,000 $1,780,000 $2,380,000 $2,150,000 $2,150,000 $2,000,000

29% 25% 4% 71% 60% 11%

37 32 5 91 77 14

$565,000 $546,500 $992,000 $1,325,000 $1,300,000 $1,780,000

3% -5% 37% -5% -3% -17%

$415,500 $414,125 $860,000 $1,131,250 $1,050,000 $1,657,000

$690,000 $641,000 $1,060,000 $1,661,125 $1,477,500 $2,150,000

$1,100,000 $952,000 $1,100,000 $3,075,000 $2,135,000 $3,075,000

59% 51% 8% 41% 38% 3%

47 41 6 33 30 3

$777,500 $740,000 $1,021,000 $1,252,500 $1,241,250 $1,750,000

14% 14% -20% -7% -7% -19%

$594,375 $591,875 $970,000 $1,025,000 $1,006,250 $1,425,000

$908,750 $846,000 $1,380,000 $1,480,000 $1,425,000 $1,910,000

$1,550,000 $1,470,000 $1,550,000 $2,595,000 $2,595,000 $2,070,000

60% 55% 5% 40% 38% 2%

157 144 13 105 101 4

$513,000 $487,500 $960,000 $1,135,000 $1,120,000 $1,840,500

-1% -3% 10% 1% 2% 5%

$381,500 $372,500 $845,000 $931,250 $920,000 $1,567,000

$662,500 $625,000 $1,157,500 $1,355,000 $1,310,500 $2,323,750

$1,720,000 $1,285,000 $1,720,000 $2,995,000 $2,500,000 $2,995,000

42% 38% 4% 58% 51% 7%

111 102 9 155 136 19

$583,750 $572,500 $1,105,000 $1,350,000 $1,280,000 $1,942,500

4% 6% 32% 2% -2% -10%

$424,500 $420,000 $883,750 $1,150,000 $1,082,000 $1,623,750

$752,750 $697,750 $1,259,250 $1,630,000 $1,546,250 $2,282,500

$1,420,000 $1,245,000 $1,420,000 $3,000,000 $3,000,000 $2,800,000

49% 45% 4% 51% 45% 6%

51 47 4 54 47 7

$605,000 $573,000 $1,180,000 $1,500,000 $1,475,500 $1,960,000

-6% -6% -17% -11% -2% -27%

$478,125 $461,250 $1,165,000 $1,045,000 $1,026,250 $1,765,000

$943,750 $844,000 $1,203,500 $2,015,000 $1,968,750 $2,170,000

$5,850,000 $5,850,000 $1,227,000 $3,740,000 $3,740,000 $2,670,000

74% 71% 3% 26% 26% 0%

23 22 1 8 8 0

$570,000 $570,000 $1,415,000 $863,000 $863,000 n.a.

-2% -2% 11% -20% -12% n.a.

$484,250 $470,000 $1,415,000 $656,250 $656,250 n.a.

$698,750 $695,000 $1,415,000 $1,040,000 $1,040,000 n.a.

$1,415,000 $930,000 $1,415,000 $1,620,000 $1,620,000 n.a.

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How Did Your Property Perform?

We’ve seen a lot over the years. We’ve seen strong markets with seemingly good sales but plenty of missed opportunities, we’ve seen slow and weaker markets where some property prices pulled back and today, we’re certainly seeing a cooling in the market. If now is your time to sell, then now is the time to sell with us. Call us for an obligation free market appraisal to find out what your property is worth in today’s market.

* Low Transaction Indicator

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