Wooloomooloo Autumn | 2023 McCrae Property Report. Grant McConnell | 0407 515 078 Carol Charkas | 0401 003 020 belleproperty.com/dromana
The real estate landscape has certainly changed over the past 6 months with interest rate hikes negatively impacting household budgets. Notwithstanding, good quality properties are still attracting interest from buyers looking to move to the beautiful Mornington Peninsula. Since my last report (Aug 22’), we have secured 94 premium sales for our loyal vendors. Although as the undisputed leading agency on the Peninsula this is a highly satisfying result, it is not something we take for granted. Tied to this success is our small seaside suburb of McCrae, where the median house price has risen from $1.15m in 2021–22 to its current level of $1.29m. The rationale is obvious, including terrific access to the freeway, Melbourne’s CBD within an hour & an abundance of wineries and world-class eateries. Collectively, it makes this charming suburb a desirable prospect for anyone looking to purchase a holiday investment or secure permanent residency. Either way, commuting from McCrae to the city is an uncomplicated task. While we have achieved many outstanding results over the past 6 months, a noteworthy auction result occurred at 13 Burrell St, McCrae, which sold for $2,6m against the vendors reserve of $2,15m. Other notable McCrae sales were achieved at 633 Point Nepean Road ($1.71m), 18 Bass Street ($1.741m), 8 Alexander Parade ($1.665m), 33 Cairn Road ($1.715m) & 3 Penny Lane ($2.085m). Welcome - Grant McConnell. These impressive figures demonstrate that demand is high when quality properties come to market. Astute investors & homeowners continue to flock to the Peninsula, coveting its access to quality schooling, an array of amenities, amazing restaurants/bars/cafes & high-class wineries. For others, the lure is world-class golf courses & prestigious beaches. Given such attractions, it is little wonder that so many people now call the Peninsula home. Although industry data confirms the peak of the market was mid-to-late Feb 22’, it remains a conducive time to sell. Interest rates appear to be plateauing & are relatively low compared to the 1980s (when rates nudged 19%), and so qualified buyers are ready to transact NOW if the ‘right’ property becomes available. My belief is that market stability will return the last 6 months of 2023, giving rise to consumer confidence. Once interest rates have settled, or even decreased, a familiar buoyancy will return to the property market. The Mornington Peninsula is still undervalued & will continue to increase in the years to follow. This communication provides an opportunity to thank my valued clients over the past 12months for making me McCrae’s No. 1 Agent again (for the 9th consecutive year). Without your highly appreciated support, it would not be possible! Be assured that I am extremely grateful and honoured to be recognised for such an award.
Restoration of Lighthouse is complete Built in England in 1874 before its assembly in McCrae in 1883, the McCrae lighthouse was well overdue for some restoration inside and out. At 33.5m high it is Victoria's tallest lighthouse and was a shining light for the South Channel for over 110 year until it was decommissioned in 1994. Banksia Wine Room Recently opened and located at 677 Point Nepean Road, McCrae, Banksia Wine Room is a great addition to the vibrant McCrae Village. Head down and check it out! Alatonero There is always something new happening at Alatonero, whether it be a weekend special, live music or a wedding - if you are looking for great food and ambience head down and enjoy the Mornington Peninsula's favourite Greek restaurant. A bayside enclave with a beautiful lifestyle Cradled between the CBD and Portsea is one of the Mornington Peninsula's most soughtafter suburbs. Shops, crystal clear sandy beaches, a revitalised dining scene, and charming coastal atmosphere give this bayside neighbourhood a boutique appeal. What's New in McCrae.
McCrae's #1 Sales Team Offering unmatched levels of commitment, professionalism and marketing ingenuity, the team at Belle Property are highly regarded and well-rewarded, winning several highly sought-after industry awards in recent years. Principal Director & Auctioneer Grant McConnell partnered with Sales Associate Carol Charkas together set a high benchmark to achieve outstanding results for premium properties along the Peninsula. Outgoing, motivated and ambitious - their consistent commitment to their clients and results speak for themselves. The Team.
Led by Principals Grant McConnell and Adam Alexander the team at Belle Property Dromana live and breathe the area’s luxury lifestyle and are renowned for setting numerous records on the Mornington Peninsula with their superior negotiation skills. The Team. Grant McConnell Principal / Director Adam Alexander Principal / Director Samra Zizak Business Manager Steve Edmund Sales Consultant Phil Down Sales Consultant Jarrod Eastwood Sales Consultant Dino Francese Sales Consultant Najee Charkas Sales Consultant Madison Keeley Sales Assistant Jared Tipping Sales Associate Carol Charkas Sales Associate Daniella Saliba Reception Hollie Alexander Rental Accounts Alisha Hare Business Development Manager Hanna Falk PM/Admin support Sarah Terri & Ben Curtis Property Managers
8 Alexander Parade McCrae $1,665,000 SOLD Premium McCrae Results. 15 Henry Court McCrae $1,585,000 SOLD 2/3 Chunar Grove McCrae $1,210,000 SOLD 33 Cairn Road McCrae $1,715,000 SOLD 2/4 The Avenue McCrae $1,700,000 SOLD 633 Point Nepean Road McCrae $1,710,000 SOLD 45 Austin Avenue McCrae $1,760,000 SOLD 3 Penny Lane McCrae $2,085,000 SOLD 13 Burrell Street McCrae $2,600,000 SOLD
13 Talbot Grove McCrae $810,000 SOLD 1/8 Bentley Road McCrae $652,500 SOLD 1/259 Bayview Road McCrae $570,000 SOLD 4 Marjorie Court McCrae $920,000 SOLD 7 Chunar Grove McCrae $860,000 SOLD 23A William Street McCrae $865,000 SOLD 8 Hilary Avenue McCrae $1,000,000 SOLD 18 Rudduck Street McCrae $1,188,000 SOLD 27 Hilary Avenue McCrae $1,205,000 SOLD
Price $2,200,000 $830,000 $790,000 $633,500 $825,000 $1,155,000 UNDISCLOSED $1,925,000 $1,120,000 $1,350,000 $1,085,000 $805,000 $1,080,000 $1,907,000 UNDISCLOSED UNDISCLOSED $535,000 $1,417,500 $1,175,000 $715,000 $1,120,000 $715,000 $602,500 $1,835,000 $1,120,000 $606,000 $1,470,000 $740,000 $1,155,000 $770,000 abv 1 3 2 2 3 2 1 2 2 2 2 2 2 2 1 2 1 2 2 2 2 1 1 2 2 2 2 2 2 1 3 4 3 2 5 5 3 4 4 4 5 3 4 4 3 4 2 3 4 2 4 2 2 4 3 3 3 3 3 3 7 2 1 1 2 2 2 4 2 2 4 1 2 3 4 1 1 3 2 1 2 1 1 5 3 1 2 2 2 - Land Size 13.1ac 251sqm 777sqm 155sqm 753sqm 1,150sqm 281sqm 4,001sqm 782sqm 805sqm 713sqm 761sqm 384sqm 781sqm 915sqm 342sqm 272sqm 973sqm 1,069sqm 189sqm 791sqm 538sqm 376sqm 1,420sqm 557sqm 376sqm 785sqm 332sqm 736sqm 561sqm 350 Boneo Road Boneo 1/59 Grenville Gr Capel Sound 60 Whitehead Gr Capel Sound 2/42 Grenville Gr Capel Sound 318 Eastbourne Road Rosebud 2 Sherwood Avenue Rosebud 5/11 Wilson Street Rosebud 29 Lockhart Drive Rosebud 12 Lovely Meadows Crt Rosebud 54 Parkedge Circuit Rosebud 15 Leisure Way North Rosebud 72 Potton Avenue Rosebud 10/791 Pt Nepean Rd Rosebud 6A Parattah Court Rosebud 32 Seabrook Avenue Rosebud 46B Warranilla Avenue Rosebud 50 Kennington Road Rosebud 89 Bayview Avenue Rosebud 43 Crestwood Avenue Rosebud 13/779 Pt Nepean Rd Rosebud 16 Peninsula Sands Blvd Rosebud 62 Ocean Street Rosebud 149 Sixth Avenue Rosebud 28 Maud Road Dromana 8 Clarendon Street Dromana 1/37 Lugano Avenue Rosebud 10 Jamieson Street Dromana 1/31 Olympic Parade Dromana 2 Sunset Way Dromana 78 Nepean Highway Dromana Achieving premium results from Safety Beach to Capel Sound. Address
Price $1,400,000 $1,500,000 $880,000 $765,000 $1,070,000 $471,000 $655,000 $430,000 $812,000 $930,000 $1,415,000 $660,000 $740,000 $1,350,000 $770,000 $1,200,000 $897,800 $820,000 $840,000 $920,000 $1,525,000 $920,000 $1,315,000 $1,220,000 $1,150,000 $932,000 $760,000 $1,130,000 $1,032,500 $2,905,000 abv 2 1 1 1 1 1 1 - 1 2 2 - 1 2 1 1 3 2 2 2 2 2 1 2 2 2 2 2 2 2 4 4 3 3 3 2 2 - 4 3 4 - 2 3 3 3 4 3 3 3 3 4 3 4 3 3 3 4 3 3 4 2 2 1 1 1 1 - 2 3 4 - 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Land Size 841sqm 739sqm 537sqm 738sqm 705sqm 294sqm 448sqm 391sqm 771sqm 602sqm 909sqm 601sqm 183sqm 770sqm 600sqm 604sqm 373sqm 220sqm 263sqm 188sqm 647sqm 774sqm 602sqm 510sqm 829sqm 207sqm 152sqm 561sqm 374sqm 759sqm 231 Palmerston Ave Dromana 16 Seaview Street Dromana 11 Sunset Way Dromana 14 Basil Street Dromana 66 Seacombe Street Dromana 21A Elizabeth Avenue Dromana 49 Coleus Street Dromana 9A Catalina Avenue Dromana 16 Basil Street Dromana 7 Lupin Street Dromana 11 Garner Street Dromana 16 Canna Street Dromana 2/7 Codrington Street Dromana 49 Devon Street Dromana 97 Palmerston Avenue Dromana 26 Iris Street Dromana 1/11 Victoria Cres Safety Beach 2/11 Victoria Cres Safety Beach 3/11 Victoria Cres Safety Beach 2/178 Dromana Pde S. Beach 65 Country Club Drive S. Beach 40 Coveside Ave Safety Beach 12 Evans Street Safety Beach 7 Macks Place Safety Beach 14 Buckley Street Safety Beach 2/83 Dromana Pde Safety Beach 12/178 Dromana Pde S. Beach 21 Woodlands Grove S. Beach 6 Portside Way Safety Beach 152 Marine Drive Safety Beach Address
13 Burrell Street, Feature Property. Cradled in McCrae’s most sought-after seaside pocket you are a short stroll to the sandy shores of McCrae beach, boutique cafes and moments to Rosebud & Dromana’s retail precincts, allowing the seaside dream to become a permanent reality. With mesmerising Bay views from the City skyline to The Heads elevating the bright and breezy proportions of this 4-bed family home with endless entertainment capacity. Pairing practicality with the highest quality inclusions including a lift to the 2nd level, the home offers a restful space to retreat without compromising accessibility. $2.6M SOLD $2.15M Vendors Reserve McCrae, VIC, 3938 64 12 35day Contracts sent Viewings Auction Campaign
6A Parattah Court, Rosebud Another Record Sale. Reserve $1.88m Sold Price $1.907m 4 Bidders 2 Contracts Sent Days on Market 21 11 Inspections
#1 Agent in McCrae "Thank you for making me the #1 agent in McCrae for the 9th consecutive year." RateMyAgent is a platform that allows vendors and buyers to be directly involved in property transactions to review real estate agents across Australia. Grant McConnell Consistently recognised as an elite performer within the hockingstuart | Belle Property network and winner of the prestigious "Sales Director of the Year award 2018 & 2021" and not No. 1 Sales Director for 2022. Large Agency Award Winner Rate My Agent National large agency winner of the year for the second consecutive year 2022 & 2023. Honest experiences shared by over 900,000 Australians Outstanding Achievements.
McCrae Real Estate Market Approximately 4.3 square kilometres, with four parks covering nearly 21.4per cent of the area, McCrae is home to a population of approximately 3,000 residents - of which 80 per cent own their own homes. Household are made up of primarily childless couples in a professional occupation. Average days on Market - Mar 23 Unit average Wkly rent - Mar 23 Total Dwellings House | Unit Median Sales Price Houses Feb 2023 35 $570 House average Wkly rent - Mar 23 $585 Median Sales Price Units Feb 2023 $855k 2,134 $1.29M Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries. The Market.
Lynette S - Vendor ...exceeded our needs, expectations and ultimately our desired outcome...Grant & Carol were able to make it calm, controlled & frankly a pleasurabel experience. If your selling a home on the Mornington Peninsula, I would not hesitate to recommend their services. Lindsay W - Vendor Grant and his assistant Carol were fantastic, professional and very good communicators; they always responded quickly and were agreeable to making changes David & Prue - Vendor Our agent (Grant McConnell) has a very good knowledge of the area & beyond...We felt in complete control even on auction day with all paperwork etc handled so well by the Belle Property staff. We both thank them for all their efforts in achieving a great outcome. "Respected our wishes & kept us central to all decision making" - Amber-Leigh (Vendor) Total Sales in McCrae By Agency Aug 2022 - Mar 2023 (sourced from realestate.com.au) #1 AGENCY - LEADING BY RESULTS.
Soul Night Market Supporting Our Community. Dromana FNC & Rosebud FNC McCrae Yacht Club Boneo Cricket Club
belleproperty.com Information about this report: We (the agent/cy) have endeavoured to show all sales reported by all agents and individuals as listed on publicly available sources for the mentioned period. We believe this information to be accurate, whilst all care has been taken, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of this document. Individuals are directed to rely on their own enquiries. Please disregard this publication if your property is exclusively listed with another agent. Properties displayed are only those which have been publicly listed and sold by multiple agents/cies in the area. We advised you seek independent advice on your area statistics if you are thinking of buying or selling. Contact. Grant McConnell 0407 515 078 grant.mcconnell@belleproperty.com Carol Charkas 0401 003 020 carol.charkas@belleproperty,com Belle Property Dromana 03 5987 1999 dromana@belleproperty.com belleproperty.com/dromana
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