NEWS AUTUMN 2021
CELEBRATING OVER 30 YEARS OF SERVICE IN THE NORTH EASTERN SUBURBS The outlook for buying, selling and investing in 2021
Autumn
Market Report W
WELCOME TO THE AUTUMN EDITION OF THE MORRISON KLEEMAN PROPERTY REPORT.
ell, here we are a month
On the back of record low mortgage
With so many people returning to
or so into the new year,
rates, it’s definitely a sellers’ market
work, those who have been holding
and it’s fair to say in
at the moment, simply because of
off in the hopes home prices will
so many ways we have never seen a
the lack of stock compared with
tumble when JobKeeper payments
January/February like this, especially
the demand. With stamp duty
end in March will be disappointed.
when it comes to real estate.
concessions, interest rates being
While there will be some mortgage
really low and government incentives,
holders who make the decision to
industry experts claim it’s hard to
sell due to financial and mortgage
see any change in the intense level of
pressure, banks and lending
competition for buyers.
institutions are not anticipating
Enquiries, inspection numbers and sales prices were at all-time record highs and that translated into record clearance rates of 95% compared to 79% this time last year. With tight stock levels in the housing
As these figures compiled by the REIV across the last quarter show:
that there would be enough mortgagee sales to impact the market significantly.
market and excess buyer demand
Diamond Creek
+10.8%
experts say we are likely to see this
As property values increase and the
Doreen
+9.3%
media reports more positively about
Eltham
-0.2%
our property markets, FOMO (fear of
Mernda
+7.0%
enthusiasm be lessened if more stock
Watsonia
+5.1%
hits the market for 2021? Buyers will
Viewbank
+15%
be hoping so, vendors not so much.
Rosanna
+8.4%
positive sentiment dominate the first quarter of 2021. The question to answer now is - will this buyer
missing out) will once again kick in and more buyers will be keen to get in the market before it prices them out. So if you’re thinking of selling, there has never been a better time… Contact your Morrison Kleeman representative now.
Editorial by: Brad McKenzie (Hill Street Media)
Notable Local Writer: Elizabeth Deich
Project Manager/ Digital Marketing Manager: Belinda Lafranchi
Copyright Morrison Kleeman – Views expressed by contributors in this publication are not necessarily endorsed by Morrison Kleeman. No responsibility is accepted by Morrison Kleeman or the editor for the accuracy of the information contained in the text and/or the advertisements. The information contained within is general in nature only and should not be relied upon. Specific professional advice should be sought if the reader intends to consider the information provided further. No reproduction or transmission is permitted without the prior written permission of Morrison Kleeman. If your property is exclusively listed with another agent, please disregard this communication.
Notable Locals PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY
FONDATA 1872
M
uch like the local wine displayed in black pocket shelving on the walls of this revived iconic building, Fondata 1872 just keeps getting better with age. Having undergone many reincarnations since its inception as a Cobb & Co Staging post in 1872, this latest version of the former iconic Wellers, is nothing short of exceptional. With a collective vision to create a multi-functional meeting place, where the community come to celebrate all those special moments in life with food, wine and family, local owners Steve Gist, Craig Jones and Gregory Anderson have ensured the history of this local treasure have not been overwritten but enhanced. From selecting a menu based on local produce, beer and wine to serving meals on locally spun crockery, every detail of this revival is centered around one common theme. Community. “We wanted to keep that connection and create a space that the community loves to come to and supports the locals,” shares Steve. Perfectly positioned in Kangaroo Ground, the trio engaged renowned ‘Mills Gorman Architects’, who have done many a fit out in the ‘Paris end of Collins Street’, to bring city style to this country classic. The result? Highend yet homely. Managed by local
Venue Manager Jake Robb, who also happens to be “the nicest person you have ever met”, paired with an exquisite Italian style menu created by Head Chef Christopher Lillico, it is no wonder Fondata 1872 has built a reputation for delicious food, exceptional service and warm atmosphere. Having worked in kitchens across Europe and Italy, Chris’s passion and finesse for Italian cuisine can be tasted in every mouthful. Regularly updating the menu using seasonal local produce in the style of Nona, locals have ensured some dishes are here to stay. Such as the hand-made pan-fried pumpkin, sage and walnut gnocchi. Or the signature melt in your mouth 12-hour slow cooked lamb shoulder served with chargrilled broccolini and garlic yoghurt. All served Thursday through Sunday ‘a la carte’ style within a unique array of intimate to large indoor and outdoor spaces. Indoors, dine by the historic fireplace in the main dining room, sip on locally brewed beer poured from copper taps in the rustic bar, or enjoy a more intimate affair in the charming Wellers room or private Terrace. Outside, look out over the sunshine laden rolling hills of Kangaroo Ground; the freshly laid lawn the picture-perfect spot for an outdoor wedding ceremony, a game of quoits or kids chasey. Savor an afternoon cocktail under the newly covered alfresco or visit the cottage garden, lined with vines which have
been cared for by two generations of the same local family, providing the quintessential place to mingle the night away. In the hands of local owners and staff who “go above and beyond in making someone’s day or moment really special”, there is no end to the type of celebration or event that can be housed within this special space. And with more plans in place to expand their offering even further, this original Cobb & Co Staging Post is serving the community more than ever. There is one thing for certain when you visit this iconic venue, you will be coming back for more. 150 Eltham-Yarra Glen Road, Kangaroo Ground 03 9712 0742 fondata1872.com Instagram: @fondata1872 Facebook: @fondata1872
Notable Locals PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY
NAUGHT GIN
T
his pair may have perfected an Australian Dry Gin, but there is nothing dry about these two locals. Chris Cameron, the meticulous and masterful Gin Maker, and Marcus Hansen, the mischievous and mindful investor, make up two thirds of Naught Gin. The other third? Their breathtaking 800-litre custom built copper pot still named Abigail imported from Germany, that takes pride of place in their Eltham distillery. “The stars aligned for us meeting, and all the people who shared in our vision to make it a reality” share the business partners. Although, their coming together may have been serendipitous, having spent a morning with this playful pair, their success is not by chance. “We vowed to make a real crack at making the best gin, the best bar, using the best ingredients and equipment.” Shares Marcus. And having been selected as one of Australia’s Top 10 Gins for 2020 by the Gin Queen; Australia’s most influential website dedicated to all things Gin, they have done exactly that. A self-proclaimed perfectionist, Chris spent years and over 300 distillations
crafting, refining, and perfecting each ingredient down to the decimal point. Classified as a contemporary dry gin, “Naught is the sum of all its parts” shares Chris. Bursting with the best of local and imported ingredients, including fresh juniper, bright citrus, toasted wattle seed and warming star anise, all finding perfect balance in a base of pure wheat spirit. It is the unconventional complexity and precision of each ingredient that make Naught so distinct yet approachable, so refined yet playful. Inviting you to “create your own moment of playful elegance.” Being lovers of sharing a good story, plans are in full ‘swig’ to open a high-end gin bar in their Eltham distillery. The pair have engaged Studio Y to design the space, who specialize in creating ‘bespoke spatial experiences that are a potent mixture of constructive imagination and playful practicality’. Which could not be more perfectly aligned with Naught’s ethos of Playfully Wicked. Distinctly Elegant. With a nod to the prohibition era, you will find Naught tucked away amongst Peel Street’s industrial buildings. Expect to be transported upon entering the alluring bar where you can ‘speakeasy’,
not because you must, but because it has been designed as a place for conversation. Dimly lit and moody. The perfect spot for a meet-cute, a romantic date or a catch-up with friends. Sharing stories, a charcuterie board and a “wellmade drink”. Step outside to the large deck area and share in a game of Bocce on the two Bocce courts, an outside oasis built to enjoy a G&T made with Naught’s Gin (naturally). “We don’t just want to be known as a Melbourne Distillery; we want to be known as an Eltham Distillery.” shares Chris. With a vision to create “something of quality and elegant like Eltham itself,” you are going to want to sign up to Naught Club via their website to be the first to know about their much-anticipated opening date, there’s Naught two ways about it. naughtgin.com.au Instagram: @naughtgin Facebook: @naughtgin
MK Property Management Recently Leased A SELECTION OF OUR LEASED PROPERTIES
89A Altona Street, Heidelberg Heights - $440
7/20 Fyffe St Diamond Creek - $370
2/1 Bellevue Road, Eltham - $440
6 Alma Street, Lower Plenty - $750
12 Stonehaven Court Watsonia North - $540
6 Journey Avenue, Doreen - $490
2/63 Bible Street Eltham - $520
2/23 Woodland Grove, Montmorency - $550
10 Jumbunna Ct, Greensborough - $530
BEN SEIVERS Business Development Manager 0458 800 982 bseivers@morrisonkleeman.com.au Born and bred in the Diamond Valley, Ben has been working in real estate since 2008. With a passion for real estate from a young age Ben began his real estate career in Property Management at a local office at just 18 years of age.
Ben has thoroughly enjoyed watching the local market develop over the years and is always keeping a close eye on what is progressing in the area. Priding himself on his professionalism and friendly personality Ben is always happy to assist his clients in any way possible.
If you have an investment property that Ben could assist you to manage, please don’t hesitate to contact him and find out more about the MK Difference today.
Recent Sales A SELECTION OF OUR SOLD PROPERTIES
2 Kerrabee Drive, Mernda - $791,000
35 Ronsard Avenue, Mernda - $685,000
38 Borrack Crescent, Mernda - $620,000
31 Diamond Boulevard, Greensborough - $660,000
81 Wattletree Road, Eltham North - $753,000
93 Warralong Avenue, Greensborough - $842,750
1212 Main Rd, Eltham - $1,100,200
122 Broadgully Road, Diamond Creek - $850,000
5 Allambie Drive, Eltham - $1,242,000
10 Lakeside Drive, Lower Plenty - Price Undisclosed
15 Dry Creek Drive, Plenty - Price Undisclosed
1/46 Mountainview Road, Montmorency - $1,360,000
1/57 Rosehill Road, Lower Plenty - $2,300,000
2/12 Weatherlake St, Watsonia - $790,000
89 Railway Parade, Eltham - $831,000
2 Kookaburra Rise, Diamond Creek - $1,125,000
Craig Parker
Ciaran Brannigan
Rocco Montanaro
Peter Kleeman
Graham Morrison
Alvy Buffon
Gayle Blackwood
James Bird
Sash Buncic
Mark Walker
Lucas Peressini
James Morrison
Kate Cameron
Luke El Moussalli
Malcolm Perkins
Marilyn McGibbon
Nick Dinakis
Rhys Burke
Sam Pope
Sylvia Voelker
Julie Cortese-James
Samantha Kilby
Jess McDonald
Scott Hardiman
Lucy Brocksopp
Town Square, 20 Commercial Place ELTHAM VIC 3095 Phone 9431 2444 Fax 9431 2650
2/86 Grimshaw Street GREENSBOROUGH VIC 3088 Phone 9435 7666 Fax 9435 7677
morrisonkleeman.com.au
3/101 Hazel Glen Drive DOREEN VIC 3754 Phone 9717 8780 Fax 9717 8816