Star Weekly - Hobsons Bay Maribyrnong - 27th July 2022

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27 JULY, 2022

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Vintage treasures up for grabs

Theatre treasures abound in Tomek Koman’s warehouse in Williamstown North.

Polish theatre designer Tomek Koman’s warehouse in Williamstown North has a bit of everything found within its walls. Following a recent successful garage sales, he is set to host another sale at the space this weekend. The Theatre Research Institute is an art space providing artists, musicians and other creatives with a home to develop their work. However, Mr Koman has decided it is time to farewell some of his goods in order to keep the space afloat as impacts of the COVID-19 pandemic continue. “COVID mangled our operation a little bit,” he said. “We rely on people renting studios and we’ve lost a few people. “We are very socially useful.” The goods on offer include a range of vintage electronics, costumes, props and other bric-a-brac. The garage sale will be held at 47 Chelmsford Street in Williamstown North on Saturday, July 30 and Sunday, July 31 from 9am to 5pm. Details: theatreresearchins.wixsite.com/ artistresidency Matthew Sims

(Joe Mastroianni) 290834_01

Market set for upswing By Matthew Sims West Footscray’s house sale prices have dropped into six figures, according to Real Estate Institute of Victoria’s [REIV] June quarterly median report. The median sale price for West Footscray houses during the April to June period was $940,000, which was a 16.8 per cent drop. Other significant drops in median house prices within Maribyrnong and Hobsons Bay included Williamstown (9.6 per cent), Laverton (7.6 per cent), Seddon (4.6 per cent)

and Footscray (3.8 per cent). Altona North’s median sale prices for house increased by two per cent to reach $960,000. In terms of median sale price increases, Spotswood’s house prices jumped by 22 per cent to $1.41 million, while Yarraville increased by 9.3 per cent to $1.48 million and Altona reached $1.29 million due to a two per cent increase. Braybrook’s median sale prices for houses also rose by 1.7 per cent to $834,000. Jas Stephens director and auctioneer Tate Moore said the recent cash rate target increase had contributed to a general slowing

within the market. “With another interest rate rise in the next couple of weeks, that will slow things down as well,” he said. “The next six months will be a fairly slow and stagnant market.” Mr Moore said despite values dropping by about five to 10 per cent recently and clearance rates at about 50 per cent within the western suburbs of Melbourne, he said the market would bounce back. Outer Melbourne houses or those 20 kilometres or more from the CBD reached

their highest-ever quarterly median price, with a 0.9 per cent increase to $856,000. REIV president Richard Simpson said the market remained “strong”, especially across regional Victoria. “As expected, we saw a slight decrease in metro Melbourne as the market adapts to the current rising interest rate environment,” he said. In metropolitan Melbourne, median house prices dropped 2.9 per cent from $1,113,500 to $1,081,000 million, while the annual median house price increased by 13.5 per cent.

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Star Weekly - Hobsons Bay Maribyrnong - 27th July 2022 by Star Weekly - Issuu