Morrison Kleeman News

NEWS AUTUMN 2016

CELEBRATING 25 YEARS OF SERVICE IN THE DIAMOND VALLEY The outlook for buying, selling and investing in 2016

AUTUMN

MARKET REPORT

A

s we now come into April 2016 we are well and truly back into the busy real estate season. The year so far has seen varied changes in Melbourne’s property market. In some areas the market is still booming, with record numbers through open homes, impressive auction clearance rates and very high sales prices. However, there has been a stabilisation in the market with fewer properties available for sale and median house prices moderating.

The latest figures show an increase of 0.3% in median house prices across Melbourne.

WELCOME TO THE AUTUMN EDITION OF THE MORRISON KLEEMAN PROPERTY REPORT.

Whilst 2015 showed significant and rapid increases in the value of Melbourne houses, according to the Domain Group, “the era of boom and bust is behind us and we’ll move into a period of slower growth.” In suburbs of the Diamond Valley, median house prices have remained consistent to the September quarter last year, with properties still achieving great results in the first few months of 2016.

According to analysis by The Real Estate Institute of Victoria (REIV), Melbourne’s outer north east suburbs

saw the strongest capital growth in the December quarter. Mr Enzo Raimondo CEO of the REIV stated that “demand for suburbs in Melbourne’s middle ring ebbed this quarter, as buyers sought value further from the city’s CBD.” A standout suburb was Warrandyte, achieving a median house price of $1,030,000 in the December quarter.

With forecasts of a more moderated market this year, buyer demand has intensified, with extraordinarily large numbers of buyers flocking to open homes. In February and March,

HOUSE

MEDIAN VALUE AND CAPITAL GROWTH SUBURB

MEDIAN VALUE DECEMBER QUARTER 2015

CAPITAL GROWTH JANUARY TO DECEMBER 2015

DOREEN

$480,500

2.1%

ELTHAM

$769,500

15.5%

GREENSBOROUGH

$645,000

14.4%

The weekly median rent for houses in Metropolitan Melbourne has increased in 2016 with average prices rising from $400 per week to $415. As of March 2016 Morrison Kleeman has 550 rental properties, with a vacancy rate of less than 1%.

We are looking forward to a very promising Autumn at Morrison Kleeman. With exciting new listings and strong buyer interest, we expect current trends to continue into the next quarter.

If you’re thinking of selling, or if you’re interested in finding out the current value of your home, please call our experienced team today. We welcome all local real estate enquiries and would love to assist you with your current real estate needs.

Kind Regards, Peter Kleeman.

Morrison Kleeman experienced a record of more than 50 groups inspecting a home in a single 30 minute time block.

This strong buyer confidence has led to encouraging auction results in 2016.

As of the 12th March, the auction clearance rate across Melbourne was at an impressive 70%. At Morrison Kleeman, all properties that have gone to auction in 2016 have a high clearance rate average of 80%.

At the same time that buyer demand has increased, we have seen a decrease in available stock, with a lower number

of properties for sale compared to the same time last year. However, while fewer houses are selling, they are selling well and selling fast. The average number of days that a property has remained on the market is currently 30 in Eltham, 29 in Greensborough and 38 in Doreen - all below the Melbourne average of 39 days. This provides positive news for Diamond Valley vendors in 2016 as they can expect a faster, less stressful sales process.

The rental market has remained strong providing good news for investors.

NOTABLE LOCALS

PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY

SOURCE REFERENCE: FARM VIGANÒ

FARM VIGANÒ

the enchanting views while dining from anywhere in the restaurant.

et on sixteen monumental acres of land rich in history, Farm Viganò honours traditional Italian culture at this beautiful heritage listed property. The Farm Viganò restaurant and receptions at South Morang, was once the home of Italian emigrant and iconic restaurateur Mario Viganò and his wife Maria Teresa Viganò. Known for hosting lavish events for up to 500 guests, the Viganòs are remembered for their remarkable contribution to cuisine, hospitality, culture and the arts. Current owner and operations manager, David Petrilli ‘fell in love with the romance and history of the property,’ and is dedicated to preserving the art of true Italian food and culture.

Since 2012, Farm Viganò has been specialising in dining, weddings and events. The owners have stayed true to tradition, creating a menu that captures the authentic ‘stripped back’ Italian flavours. Using only fresh, seasonal ingredients, including herbs from their private garden, each dish is naturally prepared to create genuine Italian flavours. According to David, it was in traditional Italian style that they designed the menu featuring dishes to share, including a range of antipasto, pizzas, small plates and meats. To match the menu, David called upon his five

S

In a secluded location hidden behind residential streets, expect to be captivated by panoramic views of the lavish gardens as you step down to the Italian terrazzo.

The venue, a transformed version of the original home of Mario and Maria Teresa Viganò, is warm, inviting and full of charm. Surrounded by windows above a plunging lush valley, guests can enjoy

years experience in the wine industry to choose a special selection of Italian and Australian wines. He recommends, if it’s your first time, “definitely the antipasto platter of Italian salumi, beautiful imported & local cheeses, grilled and pickled vegetables, olives & our freshly baked casalinga bread.”

The grounds are also home to an orchard with 550 fruit trees that are open to the public for pickings. In the Spring and Summer, there is an abundance of peaches, apricots, nectarines, figs, plums and plenty more. Come and see for yourself all that the beautiful Farm Viganò has to offer, open for lunch Tuesday – Sunday, and dinner Thursday – Sunday.

SOURCE REFERENCE: FARM VIGANÒ

THE 21 YEAR OLDS BEHIND MILEY’S LOOK

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e have new up and coming talent of the fashion world right here in the Diamond Valley.

Leyla Raif who designs colourful, psychedelic, eye catching clothing was recently discovered by none other than pop star Miley Cyrus.

When Leyla was contacted by Miley Cyrus’ manager she thought it was a prank. It was only three months earlier that she created the clothing brand ‘Soulan Zee,’ selling 100 per cent hand painted and hand crafted clothing that is made to order. Leyla believes it was the ‘insane power of social media’ that led to Miley Cyrus finding out about her small brand.

Miley requested an outfit for her imminent Milky Milky Milky Tour of the United States. With only 14 days to create something custom for Miley, Leyla enlisted friend and artist Emma Crupi to design the fabric. The pair worked non-stop for two weeks to design something fit for an international celebrity. “We stayed up all night to do the pattern design, then we had to print the pattern onto the fabric and then convince people to help us do everything very quickly,” Emma said.

The finished piece was a leotard and cape featuring Cyrus’ logo, surrounded by mushrooms and smiley faces on a coloured background. It was weeks later, after much anticipation, that Miley wore the outfit in Philadelphia at her Electric Factory concert. According to Leyla, “it came as a total shock when she actually wore it.”

SOURCE REFERENCE: LEYLA RAIF

SOURCE REFERENCE: MILEY CYRUS’ INSTAGRAM

This is the first time Emma and Leyla have collaborated together - and what a successful way to start! Keep your eyes peeled for these two rising stars from Eltham in the future world of fashion and design.

ELTHAM CFA

O

n the 24th February 2016 the Eltham Fire Brigade celebrated its 90th birthday! The brigade has come a long way since having a reel shed on Captain W H Warren’s property in 1926, to moving in to the state-of-theart premises they have today. To many local residents, we know the Eltham CFA to be located on Main Road Eltham, however, this has recently changed. In time for their 90th anniversary, the CFA have a beautiful new home located in Brougham Street Eltham.

Congratulations Eltham Fire Brigade and thank you for 90 years of service!

SOURCE REFERENCE: ELTHAM CFA

WHAT’S ON IN

THE DIAMOND VALLEY

A SELECTION OF THE MANY WONDERFUL EVENTS RUNNING IN THE LOCAL AREA OVER THE COMING WEEKS.

YARRA VALLEY BEER & CIDER FESTIVAL

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pend a day in the picturesque Yarra Valley at the inaugural Yarra Valley Beer & Cider Festival. Brought together by the Rotary Club of Wandin, in conjunction with some passionate community beer and cider lovers, the festival promises a delightful day in an unbeatable setting. From 11am-5pm indulge in some of Victoria’s finest boutique beer and cider, and feast on food from PizzatoU, Boss Burger & Shakes, Boomtown Barbeque and more. The festival is open to all ages, so the whole family can enjoy the music and lively atmosphere. Not only will there be a showcase of exceptional cider, beer and food, but the festival will host local groups Led Astray and Tree of Strings, who will be providing musical entertainment throughout the day. So, if you love beer or cider – or both, don’t miss out on the festivities on Saturday 9th April 2016 and buy your tickets online at www.yarravalleybeerandciderfestival.com.au

ADDRESS LILYDALE SHOWGROUNDS, YARRA VALLEY TIME SATURDAY APRIL 9TH 2016 11:00AM-5:00PM

ANZAC DAY

ADDRESS MAIN ROAD ELTHAM, WERE STREET MONTMORENCY TIME MONDAY APRIL 25TH 2016 6:00AM DAWN SERVICE, 9:30AM MARCH

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ach year the Diamond Valley remembers the Australian Anzacs with a memorial Dawn Service and morning march. On Monday 25th April 2016 we will be honouring the 75th anniversary of the battles of Greece and Crete, the 50th year since the battle of Long Tan in Vietnam, and 100 years on from the First World War. Join the community for a 6am service at the Eltham War Memorial on Main Road, where each year over 7,000 people attend. Students from Eltham College, Eltham High School, and Catholic Ladies College will be singing and playing music to commemorate the Anzacs. In Montmorency, Vietnam Veterans will lead a march at 9:30am from Were Street to Petrie Park. Since 1983 thousands of people have joined in the 10 minute march in Montmorency, so for a morning of remembrance, join the Diamond Valley tradition in honour of the Australian Anzacs.

SOURCE REFERENCE: SIMON FRITH

SOURCE REFERENCE: ISTOCK

LAURIMAR FOOTBALL CLUB

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t’s that time of year again! The football season is upon us, and this year the Laurimar Football Club has 17 teams ready to fight for the Premiership Flag. From its origin in 2011, the Laurimar Football Club has grown with teams now playing Auskick, under 9’s, under 16’s and over 35’s, along with their first girl’s team which began playing in 2015. The club is extremely excited to announce the opening of the new upgraded clubrooms, after 5 years of playing out of temporary facilities.

With the new renovations, the social calendar will be full of family nights, team pie nights, social nights and more. The first match of the season kicks off April 10 at the home ground at Montville Street, Doreen. So come down to support the local teams, and enjoy the exciting and energising atmosphere of Australian rules football.

ADDRESS MONTVILLE STREET DOREEN

SOURCE REFERENCE: LAURIMAR FOOTBALL CLUB

TIME VARIOUS TIMES THROUGHOUT THE SEASON FIRST GAME OF THE SEASON SUNDAY APRIL 10TH 2016

OUR

RECENT SALES A SELECTION OF SOLD PROPERTIES

1/8 Swan Street, Eltham - $675,000

4 Furlong Drive, Doreen - $625,000

6 Cleveland Court, Lower Plenty - $2,600,000

3 Goonyah Court, Greensborough - $750,000

4/3 Glenauburn Road, Lower Plenty - $935,500

3 Tetragona Way, Diamond Creek - undisclosed

50 Garden Road, Doreen - $438,100

12 Kiora Avenue, Doreen - $555,000

68 Downey Drive, Doreen - $1,580,000

26 Thoroughbred Boulevard, Doreen - $417,500

91 Greenhill Road, Greensborough - $949,000

6 Macorni Court, Research - $1,500,000

13 Braford Drive, Doreen - $625,000

38 Corowa Crescent, Greensborough - undisclosed

30 Glen Katherine Drive, St Helena - $658,500

MEET

THE TEAM What do you love about real estate?

I love the fact that everyday is different! New people, new homes, and always a different challenge. I enjoy developing relationships with so many people from the beautiful area we live and work in.

After 25 Years of listing and selling real estate, what do you think the major changes have been since you started?

Undoubtedly technology. The Internet has obviously been one of the major changes to real estate, and it is changing even now at a great rate of knots.

ROCCO MONTANARO

CEA (REIV), ACCREDITED AUCTIONEER, DIRECTOR 0412 379 171 rmontanaro@morrisonkleeman.com.au

What are the three things you love about working at Morrison Kleeman?

- My business partners are amazing!

Everyone has an important role in making the company tick.

- Our staff are absolutely fantastic.

Without great staff we would not be able to do the things that we do. They really are like extended family!

- Our offices – places of great work and great places to work!

How long have you been in real estate?

This is my 10th year in real estate. I’ve always worked in the Diamond Valley, I think it is a fantastic place to live and work. After I finished school I completed a business degree, however I soon found my passion to work in real estate.

After years of incorrect pronunciations, please explain the spelling of your name?

I will put everyone’s minds at ease – I have an Irish background, and Ciaran is the traditional spelling of the name Aussies know to be spelt ‘Kieran.’

In your opinion, what is the best local pub?

In the area I really like the Diamond Creek Tavern, however in my opinion, for the best pub meal you need to step just out of the Diamond Valley and go to The Old England Hotel in Heidelberg. My recommendation on the menu is the parmigiana - it’s my favourite in the area!

CIARAN BRANNIGAN

SALES CONSULTANT 0410 544 478 cbrannigan@morrisonkleeman.com.au

How long have you been working at Morrison Kleeman?

I have been listing and selling houses for Morrison Kleeman for nearly 16 years.

The highlight of my career has been selling a first home to a young man I taught way back in 1979, when he was just 4 years old.

What do you love about Eltham’s art scene?

I live in Eltham and enjoy the treed environment, friendly community and the area’s strong history in the arts. I trained as an art teacher and have an active interest in the arts. Morrison Kleeman is a supporter of the Artists Open Studio Scheme, The Jazz Festival, and the St Andrews Film Society. Residents don’t need to leave the neighbourhood to have access to live music, art exhibitions, theatre and book launches.

What is your favourite type of house to sell?

Over the years I have sold every type of home. However, I particularly enjoy selling architect designed and character homes such as the classic Merchant Builders and Fasham Johnson homes scattered throughout Nillumbik. Being a member of The Nillumbik Mudbrick Association, I have an affinity for mudbrick homes and their unique character.

GAYLE BLACKWOOD

SALES CONSULTANT 0408 776 070 gblackwood@morrisonkleeman.com.au

What is your favourite local restaurant/café?

Being a local in Greensborough, my friends and I always end up at Urban Grooves Café because we love the environment there and it’s nice to sit outside and have a laugh. Appret in Doreen is also a favourite. The food there is fantastic – and I love it because the friendly staff know my regular lunch orders!

What do you love about Doreen?

I love the sense of community in Doreen. It’s heart-warming to see families, both young and old, taking advantage of all the parklands, having barbeques together, and watching the children run around at the playgrounds.

MONICA DIOSI

SALES CONSULTANT 0413 331 282 mdiosi@morrisonkleeman.com.au

Is working in property management in Australia much different than in New Zealand?

I lived in New Zealand for 11 years and I find property management when it comes to the dealing with landlords and tenants is very much the same – but the laws are different. There’s more governing here with gas appliance servicing and smoke alarm maintenance which is good as these are safety issues. Also, rent is paid weekly in New Zealand as opposed to monthly here.

CATHY LOUW

PROPERTY MANAGEMENT CONSULTANT 9431 2444 clouw@morrisonkleeman.com.au

Where do you like to holiday?

I was born in South Africa and for the last three consecutive years I have gone back to South Africa to visit family and friends. It’s always great to catch up with everyone and eat the cuisine I grew up with.

What do you love about Eltham?

I love the hills and the trees, and the coffee culture that Eltham offers

NEWS SUMMER 2016

CELEBRATING 25 YEARS OF SERVICE IN THE DIAMOND VALLEY The outlook for buying, selling and investing in 2016

ACKNOWLEDGEMENT OF ARTWORK IN PREVIOUS EDITION Tom SANDERS (b.1925 Melb - d.2008 Melb) Wall of the Moon (Homage to Miro) 1968 Earthenware tiles, glazes 280cm x 650cm mural (variable) Public Art Collection: Nillumbik Shire Council Donated by: Tom Sanders 2006 © The Estate of Tom Sanders

Editorial by : Ellee Pitman

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 3/101 Hazel Glen Drive DOREEN VIC 3754 Phone 9717 8780 Fax 9717 8816

morrisonkleeman.com.au 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.

ARTIST EMMA CRUPI.