PROPERTY GUIDE
29 JULY - 11 AUGUST 2021
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rate of 85.2 per cent across the quarter, with June featuring two of the year’s busiest auction weeks. Table 1: Median House Price by Suburb House Price by Suburb
Table 2: Median Unit Price by Suburb Unit Price by Suburb
Median Price
Quarterly Change
Balwyn
$827,500
2.5%
Blackburn
$870,000
8.2%
Median Price
Quarterly Change
Burwood
$985,000
9.6%
Balwyn
$2,655,000
2.8%
Mitcham
$851,000
14.5%
Blackburn
$1,638,500
1.5%
Ringwood
$700,000
7.7%
Vermont
$812,550
9.4%
Box Hill
$1,699,000
9.2%
Burwood
$1,400,000
5.6%
Canterbury
$3,760,500
29.9%
Croydon
$902,500
4.8%
Ringwood
$1,040,000
2.2%
Wantirna
$1,056,000
4.9%
Looking ahead, we expect the market to hold strong, even as Victoria faces further lockdowns. REIV estimates around 4500 auctions will be held in July and a similar number for August.
Noel Jones achieved a clearance rate of 100% for six weeks during the quarter, and it is anticipated these strong results will continue this current quarter.
Speculation continues around when interest rates will rise, with the Reserve Bank signalling they may be lifted sooner than forecast due to Australia’s strong economic recovery.
Buyers are snapping up homes faster than ever, with all properties in Melbourne on the market for an average of 34 days in the June quarter.
We’ll monitor this closely and expect to see the market slow slightly if banks are forced to tighten mortgage lending standards.
Meanwhile outer Melbourne and regional Victoria have recorded their shortest days on market in more than a decade, with regional suburbs spending a median of 35 days on the market in May and outer-metropolitan suburbs sold in an average of 22 days. Victoria’s swift sales demonstrate the sense of buyer urgency in the market, which has been fuelled further by low stock levels. National advertised stock levels in June 2021 were almost 25 per cent under the five-year average according to CoreLogic.
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Table 3: Median House Price by Municipality House Price by Municipality
Median Price
Quarterly Change
Boroondara
$2,515,000
9.3%
Knox
$955,000
6.1%
Manningham
$1,500,000
3.4%
Maroondah
$995,000
4.1%
Whitehorse
$1,350,000
2.6%
$826,500
5.3%
Yarra Ranges
Contact Noel Jones for expert guidance every step of the way on your property journey.
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The Noel Jones Property Collection Balwyn North 1/15 Belmore Road 8/1078 Burke Road 1/13 Greythorn Road Bayswater 1/9 Coorie Avenue Blackburn 34 Ashlar Crescent 9 Elm Street 7 Francis Street 8 Furness Street 1/44 Naughton Grove 114/17-21 Queen Street 16 Wolseley Crescent Blackburn South 24 Gissing Street Boronia 5 Freedman Avenue 104/6 Oak Avenue 7 Pinevale Court Box Hill 8 Skipton Street 6/91 Thames Street Box Hill North 1/112 Dorking Road 2 Roselea Street Box Hill South 7 Gardner Street 2/49 Monash Street Bulleen 16 Prospect Road Burwood 15/388-390 Burwood Highway Camberwell 101/891 Toorak Road Chirnside Park 6 Greenridge Court Clayton South 309/59 Autumn Terrace Croydon 1/48 Dorset Road 85 Maroondah Highway 104/296 Mt. Dandenong Road 42 Stirling Road 7a Trawalla Road Croydon Hills 28 Greengable Court 8 Lakeside Crescent 9 Thomas Lawford Place Croydon North 2/28 Karingal Street 1/371 Maroondah Highway 53 Nangathan Way Croydon South 20a Helen Avenue Donvale 28/81-97 Mitcham Road
10 12 14 16 18 20 22 24 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 82 84 86 88 90
Ferntree Gully 2 Crown Court Hawthorn 71/29 Lynch Street Highett 12/1-5 Highett Grove Keysborough 13 Albert Park Way - Sold Kilsyth 14 Glasgow Road Lilydale 41 Bastow Road 10 Towers Road Maidstone 13 Ulmara Parkway Mitcham 15 Church Street 1 & 2/23 Deep Creek Road Mooroolbark 52 Blackburn Road Nunawading 80a Luckie Street 1/44 Efron Street Preston 4/110 David Street Ringwood 18/2-4 Acacia Court 6/8-12 Albert Street 1 & 3 Churchill Street 209/2 Churchill Street G03/2 Churchill Street 1, 2 & 3/7 Fyfe Avenue 13/9 Nelson Street 12 Sonia Street 1, 2 & 3/110 Wantirna Road 3/17 Woodside Avenue Ringwood East 3/98 Dublin Road 1/151 Mt Dandenong Road 2/7 Wenwood Street 19 Braeside Avenue Scoresby 93 George Street St Kilda East G05/20 Cardigan Street Surrey Hills 1/353 Elgar Road 4/20 Florence Road 67 Shepherd Street Vermont 3 Grigg Avenue 5 Kingsclere Street Wantirna South 1/16 Helpmann Street 8/1401 High Street Road
92 94 96 98 100 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 26 146 148 150 152 154 156 158 160 162
*All details are correct at time of printing, however are subject to change without notice
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David Austen David Paterson
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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
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Wantirna 251 Stud Road, Wantirna South (03) 8720 6333 wantirna@noeljones.com.au
Croydon 38-40 McAdam Square (03) 9879 4422 croydon@noeljones.com.au
CROYDON
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