Wooloomooloo MARKET REPORT | APRIL-JUNE 2024 Melbourne's Inner East. Daniel Atsis | 0408 556 927 Ken Griffith | 0418 548 423 Daniel Finlayson | 0430 110 348 Kirsty Trimper | 0438 550 716 belleproperty.com/richmond
A Word from the Principal Belle Property Richmond is a local boutique agency with a reputation befitting the Suburb’s prestigious appeal. Our clients trust our exceptional strategic marketing, genuine client services and superior sales skills to secure premium outcomes every time. How would you describe the market over the last quarter? Locally, we have experienced relatively stable conditions with minor fluctuations in the market, showing modest growth. Apartments have performed well recently with slight increases in value. From what we have been seeing, I believe the Victorian Home Buyer Fund is creating more competition between first home buyers who want to get a foot in the property market. The overall outlook for the remainder of the year is positive, with continued moderate growth expected and plenty of vendors looking to start their campaigns in time for spring. What are you seeing in the rental market? Richmond has seen some easing in the rental market. Annual rental growth has slowed to 9% as of May 2024, indicating a cooling from the rapid increases observed previously. Welcome. Daniel Atsis | 0408 556 927
LIFE STYLE There's certainly no pigeonholing Richmond. Whether you've come to dine, dance, shop or don your footy scarf and cheer from the stadium (or bar stool), this vibrant inner city suburb will keep you endlessly entertained. NEIGHBOURS Richmond is a real melting pot. This colourful suburb is home to everyone from migrant communities to urban white-collar workers, trendy young creatives to occupants of government housing. AREA FEATURES BRUNCHING | We're very serious about brunch. Choose from one of the many places to sample some of the city's finest cafes. SPORTS FEVER | With the MCG (and most of Melbourne's major sports stadiums) looming large, Richmond lives and breathes sport. Get amongst it - the atmosphere is infectious. Why name Richmond your home? An industrial past, a multicultural feel and a sleek new urban scene make Richmond a true study in contrasts. While gentrification has been underway for quite some time, this innercity suburb certainly hasn't lost its vibrant charm. Suburb Profile.
$ Median price July 2023 $1.6m Change in Median price (3 bedroom house) $1.575m Median price July 2024 Median price July 2024 $630k Median price July 2023 $675k Change in Median price (2 bedroom apartment) 30 min Direct Walk 3.5km Distance from CBD Renters Growth Family (vs Singles) Owners Size Most common age bracket 58% 2.1% 29% 42% Owner / Renter Breakdown 27,724 Population 20-39 Demographics $ Local Insights.
“ ” Ella Bar Grigliata Pasta | 267-271 Bridge Road Ella Bar Grigliata Pasta (Ella BGP) is a modern, friendly, and value-oriented local hub that offers a unique blend of European and Italian cuisine. Conveniently located in the heart of Richmond's shopping and dining district, we aim to provide our guests with a memorable dining experience in a stunningly decorated venue. We pride ourselves on being the ultimate meetup spot for young professionals, locals, and families alike. Whether you're stopping by for pre-event meals and drinks, lunch breaks, or after-work socialising, Ella BGP is the go-to destination. With our underground parking and proximity to public transport, we ensure easy access for all our guests. TUESDAY - SUNDAY : 12pm - Late I will say I have been to Ella 4 or 5 times now since it opened and I LOVE the food. The chef deserves some serious props because the food is brilliant. - Elke H Local Businesses.
$1,075,000 7/68 Rowena Pde, Richmond 2 a 2 b 2 v SOLD Sold the Belle Property way. Recent Sale History (Units & Houses) $970,000 94 Stawell St, Richmond 2 a 1 b SOLD $1,340,000 82 Egan St, Richmond 3 a 1 b SOLD $1,235,000 2 a 1 b 1 v 11 Chestnut St, Cremorne SOLD
” “ - Roz, Richmond I found the approach to selling this property was in sync with my own understanding of the market and area. As a result it was sold for a good price, prior to a sales campaign which suited us as it meant a quick sale with very little loss of income from rent. Testimonials.
H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Properties leased April - June 2024 Suburb Leases. Address 2 1 1 1 0 1 1 2 2 2 2 2 1 1 2 2 1 2 1 1 1 1 2 1 2 1 1 2 1 3 2 2 2 2 3 2 2 2 2 2 4 2 3 1 4 T T A A H A A T T T H H T A H $830 $800 $700 $825 $950 $750 $680 $875 $995 $895 $1,200 $875 $995 $695 $1,250 abv Type Price P/W 3/65 Stawell St, Richmond 18/59 Westbank Tce, Richmond 107/205 Burnley St, Richmond 4/8 Webb Ln, East Melbourne 89 Neptune St, Richmond 6/366 Church St, Richmond 4/66 Buckingham St, Richmond 116 Rose St, Fitzroy 9/31 York St, Richmond 272 Mary St, Richmond 3 Sherwood St, Richmond 60 Gold St, Collingwood 17 Campbell St, Richmond 201/27 Dickmann St, Richmond 5 Smith St, Richmond Record Street Price 3/65 Stawell St, Richmond LEASED Record Street Price 18/59 Westbank Tce, Richmond LEASED
Date Price $1,360,000 $1,235,000 $970,000 $1,200,000 $1,135,000 $1,005,000 $1,375,000 $1,165,000 $1,550,000 $1,168,500 $1,325,000 $770,000 $440,000 $1,820,000 $390,000 $1,445,000 $3,225,000 $945,000 $1,800,000 $970,000 $1,752,000 $1,760,000 $768,000 $2,500,000 $2,175,000 $1,625,000 $412,000 $1,180,000 $675,000 $1,190,000 Type H H H A H H H T H T H T A H A A H T H T H H A T H T A H A H abv 1 1 1 1 1 1 1 2 1 2 1 1 1 3 1 1 2 1 2 1 3 3 2 2 2 2 1 1 2 1 2 2 2 3 2 2 2 3 2 3 2 2 1 3 1 2 4 2 3 1 3 3 2 4 3 3 1 2 2 2 1 0 0 2 0 0 1 2 1 2 0 1 1 2 1 1 2 1 0 0 1 1 1 2 0 1 1 0 1 0 Properties Sold April - June 2024 H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Land Size 299sqm 122sqm 108sqm - 138sqm 165sqm 168sqm 87sqm 184sqm - 159sqm - - - - - 184sqm 89sqm 199sqm 220sqm 80sqm 191sqm - - 247sqm 165sqm - 133sqm - 101sqm 14a Park Ave, Richmond 11 Chestnut St, Cremorne 94 Stawell St, Richmond 32/343 Church St, Richmond 115 Lord St, Richmond 15 King St, Richmond 32 Richmond Tce, Richmond 28 Greenwood St, Abbotsford 299 Lennox St, Richmond 4/323 Church St, Richmond 47 Type St, Richmond 4/35 Davison St, Richmond 712/163 Cremorne St, Richmond 8 Tanner St, Richmond 9/33 Goodwood St, Richmond 27/24 Tanner St, Richmond 9 Brooks St, Richmond 46 Buckingham St, Richmond 170 Stawell St, Richmond 21a Laity St, Richmond 31a Bosisto St, Richmond 336 Highett St, Richmond 301/172 Lennox St, Richmond 89 Cutter St, Richmond 120 Park St, Abbotsford 54a Buckingham St, Richmond 1/28 Bennett St, Richmond 45 Gardner St, Richmond 207/47 Murphy St, Richmond 119 Park St, Abbotsford Suburb Sales. 11/04/2024 30/04/2024 29/04/2024 05/04/2024 06/04/2024 12/06/2024 06/04/2024 04/04/2024 18/04/2024 18/04/2024 18/04/2024 11/04/2024 11/04/2024 16/04/2024 29/04/2024 18/04/2024 18/04/2024 11/04/2024 06/04/2024 05/04/2024 25/04/2024 15/04/2024 05/04/2024 17/04/2024 04/04/2024 27/04/2024 13/04/2024 18/04/2024 12/04/2024 20/04/2024 Address
Date Price $1,568,000 $1,320,000 $1,025,000 $500,000 $942,500 $325,000 $1,295,000 $330,000 $597,000 $380,000 $875,000 $1,310,000 $1,330,000 $820,000 $806,000 $317,920 $1,840,000 $1,150,000 $1,770,000 $1,827,000 $405,000 $1,200,000 $1,141,000 $1,650,000 $827,000 $5,205,000 $2,200,000 $1,100,000 $1,221,000 $530,000 Type H H H A A A H A A A T T H A A A H H H H A H H H A H A H T A abv 2 1 1 1 2 1 2 1 1 1 2 2 1 2 2 1 1 1 1 1 1 1 1 2 2 3 3 1 2 2 3 2 2 1 2 1 3 1 2 1 2 2 3 2 2 1 3 2 3 3 1 3 2 3 2 5 4 2 2 2 0 1 1 1 2 0 1 0 1 1 1 1 2 1 2 - 1 1 1 0 1 1 1 2 1 2 4 0 1 1 Properties Sold April - June 2024 H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Land Size 174sqm 134sqm 200sqm - - - 89sqm - - - - - 252sqm - - - 244sqm 185sqm 272sqm 439sqm - 418sqm 171sqm 261sqm - 276sqm - 142sqm 119sqm 316 Mary St, Richmond 3 Abinger St, Richmond 107 Kent St, Richmond 2/84 Cutter St, Richmond 202/59 Stawell St, Richmond 305/6 Lord St, Richmond 53 Abinger St, Richmond 712D/615 Victoria St, Abbots 105/11 David St, Richmond 513A/609 Victoria St, Abbots 2/165 Lennox St, Richmond 29 Miller St, Richmond 2 Leslie St, Richmond 909/140 Swan St, Richmond 23/6 Christine Cres, Richmond 14/38 Burnley St, Richmond 9 Green St, Cremorne 77 Neptune St, Richmond 192 Gipps St, Abbotsford 12 Wall St, Richmond G06/18 Grosvenor St, Abbots 25 Berry St, Richmond 96 Cremorne St, Cremorne 221 Punt Rd, Richmond 17/15 River St, Richmond 13 Simpson St, East Melb 15/129 Hoddle St, Richmond 8 Goodwood St, Richmond 70 Little Turner St, Abbotsford 416B/8 Grosvenor St, Abbots Suburb Sales. 06/04/2024 06/04/2024 06/04/2024 25/04/2024 27/04/2024 16/04/2024 20/04/2024 26/04/2024 20/04/2024 29/04/2024 30/04/2024 18/05/2024 29/05/2024 09/05/2024 06/05/2024 22/05/2024 11/05/2024 22/05/2024 18/05/2024 17/05/2024 21/05/2024 25/05/2024 31/05/2024 27/05/2024 04/06/2024 21/06/2024 28/06/2024 17/06/2024 25/06/2024 27/05/2024 Address
Casey Fraser Head of Property Management 0422 265 760 Starting in administration Casey has worked up to Head of Department with a strong sense of professional engagement and diligence. Her love of real estate has propelled her into a leadership role within Belle Property Richmond and sets a high benchmark for customer service. The Team. Daniel Atsis Principal Director | Auctioneer 0408 556 927 After more than two decades as a real estate specialist in Melbourne’s inner east, Daniel Atsis’ level of experience and local knowledge are second to none. He has lived in Richmond since 2007 and is an active member of the community with an intimate understanding of the property market and an honest and passionate approach. Meet Our Agents Led by Principal Daniel Atsis the team at Belle Property Richmond live and breathe the area’s luxury lifestyle and are renowned for setting numerous records in Richmond with their superior negotiation skills.
Daniel Atsis 0408 556 927 daniel.atsis@belleproperty.com Ken Griffith 0418 548 423 ken.griffith@belleproperty.com Daniel Finlayson 0430 110 348 daniel.finlayson@belleproperty.com Casey Fraser 0422 265 760 casey.fraser@belleproperty.com Belle Property Richmond 03 9967 8899 richmond@belleproperty.com Information about this report: We Belle Property Richmond 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. belleproperty.com Contact.
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