PROPERTY GUIDE 6 MAY - 19 MAY 2021
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WELCOME WINTER with a Noel Jones appraisal
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also been strong across the past 3 months, but we are proud to say that our overall Noel Jones’ result has been even stronger. For Q1 2021, Melbourne recorded a clearance rate of 77.5% at auction; this compares to our Noel Jones clearance rate of 100% which has been achieved for the past 4 months. It is also satisfying to see strong growth continue in many of our Noel Jones’ base suburbs, with Mitcham and Balwyn again leading the charge, with median house price upturns of 17.2% and 12.2% respectively; Wantirna also enjoyed double figure growth for the quarter. Ringwood enjoyed a favourable 12.5% swing year on year, making it the highest performing base suburb and the only one to record double digit growth. In the unit and apartment market, Box Hill blitzed the metropolitan zone with a quarterly increase of 53.6% whilst annually, Doncaster showed the most solid performance with a 22.6% change.
Table 1: Median House Price by Suburb House Price by Suburb
Median Price
Quarterly Change
$ 2,581,500
12.2%
Blackburn
$ 1,481,000
-1.8%
Box Hill
$ 1,570,000
6.1%
Croydon
$ 860,888
6.6%
Balwyn
Doncaster
$ 1,420,000
6.0%
Mitcham
$ 1,257,500
17.2%
Ringwood
$ 1,025,000
8.9%
Wanirna
$ 1,003,500
10.2%
When Michael Hill of Noel Jones Wantirna was asked what he was seeing out in the field, he responded by saying “Buyer urgency is through the roof, being driven predominantly by those who have now missed out on multiple properties, either
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at auction or via private sale. Supply is just not keeping up with demand, and this is driving the consistent levels of growth we have seen since the later part of 2020, and into the first quarter of this year”. He stated that it’s not just new listings being snapped up either, but properties that have been overlooked for periods of time now strongly selling too. He also referred to an article in which CoreLogic research director Tim Lawless indicated that for every new listing at the moment, 1.1 properties are selling, meaning that supply figures are getting worse, not better.
Table 2: Median Unit Price by Suburb Unit Price by Suburb
Median Price
Quarterly Change
Balwyn
$ 827,500
-8.1%
Blackburn
$ 845,250
-7.6%
Box Hill
$ 749,000
53.6%
Croydon
$ 675,000
11.6%
Doncaster
$ 838,000
-3.1%
Mitcham
$ 762,500
-6.7%
Ringwood
$ 658,000
7.9%
NA
NA
Wanirna
This leads many who are closely observing the market to ask, ‘what’s next’? Will prices continue to increase, or will they soon hit their peak and then stabilise? While the answers to these questions remain to be seen, we do know one thing for sure, and that is that our Noel Jones property experts are here to support you in any way that they can. Visit noeljones.com.au to find your local office expert today.
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The Noel Jones Property Collection Balwyn 26/31 Barnsbury Road
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12 Grey Street
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57 Nungerner Street Balwyn North 45 Fortuna Avenue
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47 Sylvander Street Bayswater 3 Basil Court
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13 Warrien Court Blackburn 51 Laurel Grove Nth
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2/11 Mitchell Road Mooroolbark 32 Balcombe Avenue
78 Main Street
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1 Blue Ridge Drive
88
95 Pakenham Street
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353a Hull Road
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114/17-21 Queen Street
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24 Swinburne Avenue
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41-43 Stanley Grove
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94
301/202 Surrey Road Blackburn South 15 Richmond Street Box Hill 102/710 Station Street
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11 Tombolo Court Nunawading 3/36 Menin Road
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40
7/22 Mount Pleasant Road Ringwood 1/54 Barkly Street
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1/12 Bourke Street
102
G03/2 Churchill Street
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2/27 Georges Road
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13 Gordon Court
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2/17 Great Ryrie Street
110
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22
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6/91 Thames Street Box Hill North 12/142-144 Thames Street Box Hill South 205/154 Elgar Road Bulleen 102/194 Manningham Road Clayton South 309/59 Autumn Terrace Croydon 3a Caromar Street
44 46 48 64
Heathmont 4/270 Canterbury Road Manor Lakes 19 Balcombe Drive Mitcham 4/40 Dudley Street Mont Albert 7/92-94 Victoria Crescent Mont Albert North 23 Mccoll Road
43 Evans Drive
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1-4/411 Mount Dandenong Road Croydon Hills 5 Latrobe Court
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3 The Loch
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7 Wardlow Court Croydon North 128 Exeter Road Croydon South 4 Belmont Road West Deepdene 5/25 May Street Doncaster 81 Whittens Lane Forest Hill 22 Lasiandra Avenue
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62 66 68 70 72
76 78 80 82 84 86
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100
205/42b Nelson Street
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1 & 2/7 Notlen Street
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9 Parkgate Drive
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1, 2 & 3/110 Wantirna Road 50
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2/22 Wilana Street Scoresby 53 Berrabri Drive
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96 Grayson Drive
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8 Rubens Court St Kilda East G05/20 Cardigan Street Surrey Hills 7/10 Clyde Street Templestowe Lower 13 Crawford Road
126
122
128 130 132
9/282 Manningham Road Wantirna South 4/50 Cathies Lane Warranwood 27 Braden Brae Drive
134 140
23 Kelly Court
138
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*All details are correct at time of printing, however are subject to change without notice
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Find your perfect home today. Visit noeljones.com.au
Noel Jones Group Aaron Chuah Adam Thompson Alana Hornhardt Alvin Lam Anastasia O’Donohue Andrea Kollosche
0408 828 000
Gary Love
9879 4422
Nicole Baxter
0412 691 906
Georgie Paganis
9830 1644
Paige Crofts
0425 855 273
9899 6466
9841 3888
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0450 955 321
Paul Leydin
0408 741 237
Isabella Han
9957 9879
Rachel Lomardo
0433 531 310
9879 4422
Ivy Mao
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Rachel Lui
0452 175 513
9879 4422
Jack Tanasi
0413 879 948
Rana Said
8720 6333
0488 868 931
Angela Athanasiadis
0416 165 542
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Angelo Salvo
0455 522 178
Jason Starchencko
0448 840 156
Richard Anderson
Jenny Shackleton
0419 889 362
Rita Zoumboulis
9830 1644
Robert Ferraro
9848 7888
Anita Spencer Anne Bevz Ashlen Lont Bob Steventon Brett Freeman Brie Hawker
9848 7888 1300 065 736 9830 1644
Jerry Lin
0416 062 668
9877 1855
Jess Cerquarelli
9881 4422
Rohan Calder
0422 256 948
Jessica Maher
8720 6333
Ross Sullivan
0403 210 050
9899 6466
Ryan Evans
0407 382 170
0425 806 455 9848 7888
Jo Tuhan
Carmelito Deleon
0406 720 122
Christine Taylor Connor Pinnington
9899 6466 0401 235 235 9830 1644
Sarah Swanton
0438 444 977
9879 4422
9872 3995
Simon Keele
Kelli Hugo
9899 6466
Steve Hatfield
0418 585 631
Kerri Dawson
9955 9877
Steven Cheung
0404 531 616
Kerry Lucas
9879 4422
Steven Qian
0401 083 435
9879 4422
Suman Preet
9955 9879
Tayla Deane
8720 6333
0401 377 627 Kim McPhee 0477 407 708
Kristee Barber
Dan Deltonda
0419 899 853
Laura Dickinson
Daniel D’Assisi
0411 863 338
Laura Geddes
9830 1644 0411 505 493
Ted Shackleton
9830 1644 0412 341 122
Terry Anson
0400 983 879
Levin Lyu
0426 688 823
Tian Jin
0421 898 450
David Fileccia
0402 026 748
Lydia Penhalluriack
0423 335 765
Tillie Shaw
Dean Sun Dylan Hare
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Margery Smith Maria Macario Mark Rathgeber
9848 7888
Taylor Van Orsouw
0432 529 500
9872 3995
Laura McCrohan
0419 120 380
0418 527 648
David Austen
David Paterson
9830 1644
0413 772 778
Robert Simpson
Kathy Fanfulla
Damian Coad
Daniela Dal Bon
9877 1855 0419 560 953
0438 313 561
0412 865 698 John Bradbury
Christian Kelly
Ranga Perera
Jerry Last
Byron Tschuma
Catherine Andrews
9899 6466
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0403 294 828
Tuba Comert
9877 1855
Uday Chandran
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9848 7888
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Mark Walsh
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0411 703 914
0405 726 228
Mary Psathas
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Emily Magee
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Michael Hill
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Michael Muncey
Faye Gwynne
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Michelle Attard
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Mike Nolan
9830 1644
Mike Wang
Francesca Poci Frank D’Assisi
0418 314 654
Nicholas McLean
9879 4422
Tracy Zhang
Eliza Tuhan
Emilia D’Assisi
Tracey Silvester
9872 3995 0421 410 627
0419 334 334
Edward Wordsworth
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Tim Penhalluriack
0431 811 976 0422 633 302 0400 562 887 9830 1644 0418 546 118 0416 558 501 0410 320 700
Veronica Bradbury Vicki Caslake Vincent Ye
0407 684 788
0413 772 776 9879 4422 0413 790 052
Warren Paas
0411 558 994
Yingshan Zhang
0433 656 128
Balwyn 289 Whitehorse Road (03) 9830 1644 balwyn@noeljones.com.au
Doncaster 702 Doncaster Road (03) 9848 7888 doncaster@noeljones.com.au
Blackburn 67-69 Railway Road (03) 9877 1855 blackburn@noeljones.com.au
Mitcham 554 Whitehorse Rd (03) 9872 3995 mitcham@noeljones.com.au
Box Hill 532 Station Street (03) 9899 6466 boxhill@noeljones.com.au
Ringwood 265 Maroondah Highway (03) 9879 4422 ringwood@noeljones.com.au
Corporate Head Office (03) 8892 3702 corporate@noeljones.com.au
Wantirna Suite 10, 322 Mountain Highway (03) 8720 6333 wantirna@noeljones.com.au
Croydon 38 McAdam Square (03) 9879 4422 croydon@noeljones.com.au
CROYDON
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