Jellis Craig Property Journal Edition 123 2016

Property Magazine

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EDITION 123

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11th - 17th August 2016

THE REPORT, A COMPREHENSIVE RESIDENTIAL PROPERTY MARKET ANALYSIS

The Melbourne property market has experienced steady change over the last 12 months, with a shift in the balance of owner-occupier and investor activity that has led to the moderation of house price growth to a more sustainable level across the city.

As the property market continues to adapt to its changing environment, demand for housing has been influenced by a range of economic, demographic and sociocultural factors specific to the community at a local and national level.

The Report by Jellis Craig has been prepared to offer the most recent insight into Melbourne’s inner northern, inner eastern and south eastern property markets. This year’s edition has defined the top 5 factors affecting the Melbourne property market as: 1. The global liveability of Melbourne, which continues to drive interest from abroad 2. Australia’s economic transition to a consumption based open market experiencing slow growth

3. Record low cash rates and rising household debt, which has led to tighter lending conditions 4. Changes to Australia’s foreign investment rules and regulations 5. New developments that continue to evolve within the city Through a combination of extensive experience, direct observation and research from a variety of industry specialists, The Report provides key insight into the trends that shape the future of local real estate.

At Jellis Craig we are dedicated to ensuring our clients are kept up to date with important market information to help make key decisions.

Contact your local agent if you would like to receive a copy of The Report.

CONTACT US JELLIS CRAIG ARMADALE

JELLIS CRAIG CLIFTON HILL

The Report

1215 High Street, Armadale Telephone: 9864 5000

Jessica Beckham Tim Bennison Will Bennison Charles Boyd Adam Cashmore Iain Carmichael Damien Davis Carla Fetter Lachie Fraser-Smith Genevieve Hoyle Jessica Lander Andrew Luke Andrew McCann Ian McLennan Dawn Meyer Lauren Meyer John Morrisby Kevin O’Brien Mark Robertson Monica Rezk David Sciola Sarah Sharp Talia Tomaino Danielle Waterton

0433 335 149 0418 332 865 0438 572 371 0402 275 485 0407 077 113 0418 850 988 0409 961 264 0423 738 644 0418 399 182 0425 796 144 0400 609 279 0419 154 064 0414 643 744 0413 709 111 0426 894 388 0433 011 661 0411 875 476 0447 008 000 0416 042 204 0413 596 342 0408 598 242 0411 750 700 0409 138 474 0413 709 444

324 Queens Parade, Clifton Hill Telephone: 9481 6800 Bev Adam Hamish Adam Rian Knight Lee Muddle Danielle Reynolds Craig Shearn Simon Shrimpton Anita Taylor

0422 396 477 0422 798 230 0458 080 985 0449 130 331 0432 011 735 0418 596 388 0411 889 577 0432 805 596

Chloe Quinn Tom Ryan Mark Salvati Rebecca Scanlon Clayton Smith Julian Tonkin Greg Toogood Peter Vigano Campbell Ward Harriet Wallace Richard Winneke Sue Wooldridge Jessica Zhang

Exceptional insight into Melbourne’s property market

JELLIS CRAIG BALWYN 244A Whitehorse Road, Balwyn Telephone: 9831 2800

Danielle Balloch David Banks James Bateman Greg Bowring William Chen Patrick Dennis Peter Dixon Trish Dixon David Fileccia Richard James Helen Lee Edwin Leung Lisa Lord Simon Lord Nicholas O’Halloran Meredith Plant Mark Read James Scoones Hayden Senior Bruce Severns Dan Song Irene Wang

0418 376 903 0422 868 410 0438 110 744 0400 641 580 0438 383 336 0409 321 159 0403 062 220 0411 555 650 0402 026 748 0408 751 189 0402 990 671 0401 156 911 0407 667 447 0407 337 557 0430 345 086 0412 626 660 0402 215 841 0413 872 558 0422 371 086 0413 744 998 0434 522 407 0423 069 067

JELLIS CRAIG BLACKBURN

JELLIS CRAIG DONCASTER

1/1006 Doncaster Road, Doncaster East Telephone: 8841 4888

Daniel Broadbent Sophie Broadbent Lauren Clingan Sharyn De Vries Kristy Djordevic Matthew Dunn Nicholas Evangelidis Fabio Forlano Jen Harlow Hong Hong Andrew Keleher Roan Liew Matthew Lockyer Lauryn McColl Erin McDougall Thi Nguyen Craig Nowotsch Anthony Pittas Laura Ramunno Chris Savvides Eleanor Sear Dallas Taylor Shaun Wang Rod Yan Louise Zhang

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JELLIS CRAIG GLEN IRIS 45 High Street, Glen Iris Telephone: 9809 8999

Xen Blaher Tom Connolly Lidiya Davoli Chris Gillon Natalie Hall Chris Hingston Michael Hingston Mark Lawson Sam Macaluso David Macmillan Frank Millington Michael Millington Nicole Qiu Alex Voronin Jason Walker Andrew Wilkie

0409 540 498 0438 135 977 0402 225 034 0407 409 227 0403 173 074 0419 104 625 0412 922 488 0414 777 887 0416 028 835 0411 111 108 0412 561 791 0411 300 205 0422 419 357 0411 507 028 0409 201 771 0408 441 151

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JELLIS CRAIG KENSINGTON

291 Racecourse Road, Kensington Telephone: 8378 0500

Jerome Feery Georgie Maggs Simon Mason Kieran Moloney John Morello Adriana Parolin

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JELLIS CRAIG MACEDON RANGES 91 High Street, Woodend Telephone: 5427 2800 Terry Gibson Paul Keane Carole Lenander Tom May Kirsten Seager

0488 003 920 0419 330 571 0401 472 346 0413 996 185 0400 819 116

JELLIS CRAIG MOUNT WAVERLEY

280 Stephensons Road, Mount Waverley Telephone: 8849 8088

Fiona Huang Stephen Huang Sue Li Li Morris Paul Polychroniadis Wilson Shi Gary Walton Jared Wei Sam Zhang

0431 599 421 0499 088 880 0499 556 445 0402 148 988 0414 233 234 0420 481 226 0407 597 498 0413 260 872 0404 319 007

JELLIS CRAIG NORTHCOTE

436-438 High Street, Northcote Telephone: 9481 0633 Andrew Guarino Stephanie Hawke Anthony Lapadula Mario Lionetti

0425 807 800 0412 737 775 0401 655 005 0418 319 359

JELLIS CRAIG RICHMOND

369 Bridge Road, Richmond Telephone: 9428 3333

Elliot Gill 0411 863 603 Craig Hillis 0413 831 311 Travis Keenan 0412 120 943 JELLIS CRAIG HAWTHORN Daniel Bullen 0412 809 725 Ruby Koop 0415 092 335 Melbourne’s most comprehensive residential property At Jellis Craig we are0433 dedicated to 248providing Burwood Road, Hawthorn Jay Carroll 266 162 Jodie McCarthy 0438 072 055 Telephone: 9810 5000 market report evaluates economic, demographic and Chris Murphy 0430 550 690 Zak 550recent 067 ourCarroll clients with the 0439 most insight into Steven Abbott 0407 324 240 Luke Schickerling 0414 095 248 Elizabeth Dumonic 0411 240 333 sociocultural to identify the key trends set to shape Nicholas Allen 0401 439 148 data Melbourne’s residential property market.

Trent Stewart 0403 051 980 Kevin Khan 0412 660 373 Belinda Anderson 0413 811 991 Will Trenchard 0412 568 309 the future of real estate in your local area.

Stephen Le Get 0438 558 870 Peter Batrouney 0419 005 236 Josh McRae 0424 599 216 George Bushby 0407 311 205 JELLIS CRAIG SORRENTO Through and direct Charles Shiour extensive experience 0423 633 253 Brad observation Cooper 0418 344 733 39 Ocean Beach Road, Sorrento Craig 566 800 we Zach Cosgrave 0425 226 your 616 local area expert if you would like to Contact of theTaylor changing property0412 environment, have coupled Telephone: 5984 0999 Ray Yang 0411 642 133 Alastair Craig 0418 335 363 Patricia Ellis-Jones 0403 118 460 receive a 911 copy of The Report. our knowledge with research from a range Chris of Dalyindustry 0432 056 JELLIS CRAIG BRUNSWICK Emil Foller 0403 301 097 Geordie Dixon 0418 588 399 specialists to produce The Report by Jellis Craig.

Germaine Mengoni 0412 020 071 179 Sydney Road, Brunswick Jayne Doherty 0422 208 469 Hamish Opray 0412 426 017 Richard Earle 0418 564 168 Telephone: 9387 5888 Nick Elmore 0438 599 938 Mitchell Boys 0412 800 200 JELLIS CRAIG SOUTH YARRA Jarrod Farey 0401 607 642 Greg Cusack 0417 128 125 3 Avoca Street, South Yarra Richard Jellis 0417 081 953 Elizabeth Kelly 0431 434 169 Telephone: 8866 8600 Mark Josem 0488 856 736 Alexander Magliolo 0433 401 487 Aydan Cameron 0400 695 200 Ryan Key 0421 426 017 Vince Mazzone 0433 186 786 Simon Dale 0425 771 377 Veronica Khoo 0421 518 887 Stuart Mitchell 0410 456 963 Lewien Gallus 0418 343 908 Lloyd Lawton 0403 229 433 Cameron Pritchard 0408 037 482 Daniel Joyce 0417 816 196 Danielle Makris 0413 351 864 Carlo Puglia 0412 873 643 Lily Keating 0409 160 022 Sally Morrison 0439 031 145 Lisa Roberts 0413 265 362 Andrew Macmillan 0418 142 252 Stephen Panayi 0411 142 999 Nathan Waterson 0439 905 188 Broderick Turmaine 0404 606 826 Mark Pezzin 0403 537 105 jelliscraig.com.au

130-132 South Parade, Blackburn Telephone: 9908 5700

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