Market Report shelterrealestate.com.au 17 Carroll Crescent, Glen Iris Camberwell / Canterbury / Surrey Hills
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employees do not warrant the accuracy or completeness of the data and information contained in this publication. Contents Market Summary Expert Guide to Period Home Renovating Camberwell Recent Sales Canterbury Recent Sales Surrey Hills Recent Sales The Shelter Collective
The real estate dynamics in Stonnington & Boroondara for the year 2023 showed a steady performance in comparison to the remainder of Victoria's property market. Despite facing challenges such as increased interest rates, rising cost-of-living, limited lending and housing undersupply, Melbourne's market message was clear: ‘resilience prevailed,’ evidenced by a 3.5% increase by the close of 2023. In local insights, Boroondara experienced steady growth mid-year, maintaining strong auction clearance rates despite economic uncertainties, and Stonnington, benefiting from renewed international interest, displayed late-year vibrancy. However, an overall decrease in bidder numbers impacted success rates at auction. Melbourne's property landscape has been forever influenced by 'liveability' considerations post covid. The stability in Stonnington & Boroondara, anchored by superior amenities & schools, positions the market as a favourable choice for discerning downsizers, investors, and family buyers alike. Owner occupiers continue to dominate the market in 2024, constituting 38.99% in Stonnington & 27.1% in Boroondara, based on Census data. With low vacancy rates at 1.7% and an unprecedented 15.8% average rental increase across Melbourne, the rental market faces both supply & demand challenges. Economic pressures on investors may lead to increased turnover, potentially benefiting owner/occupiers. Post-Covid, Melbourne's population recovery is on an upward trajectory, driven by an expected annual increase of 92K people from 2023 onwards, this growth suggests a rising demand for properties, with a shift back to a more 'city-centric' landscape anticipated in 2024. Building on the success of 2023, we anticipate continued high demand & performance in Stonnington/Boroondara. Our agency's success is attributed to presenting quality homes, accurate pricing, and exceptional property presentation, essential elements for driving interest & achieving desirable results. While optimism exceeds expectation, numerous challenges like rate rises, land taxes & conservative lending approaches may impact 2nd homes or investment properties. However, the resilient nature of the Stonnington/Boroondara community, characterised by first-class infrastructure & financially established residents, is expected to contribute to the market's stability. Financial institutions project growth in Australia's real estate market, with a 4-5% rise anticipated. This positive outlook extends to Stonnington/Boroondara, suggesting continued upward trends in property values towards the end of 2024 or sometime in 2025. Zali Reynolds Director | Founder Market Summary
Melbourne is home to a wide array of beautiful period style homes that showcase an immense amount of character and charm. These homes are known for their beautiful features and grand architecture. However, the original layout of this style of home can lack functionality and open spaces. A home extension or renovation is the perfect way to transform your period home to suit your modern lifestyle and perhaps a growing family. Here at Period Extensions & Designs we do just that. As specialists in period style home extensions and renovations, we believe that keeping the original charm of a period home is vital, whilst blending this seamlessly with a modern and contemporary addition. Over the last 20+ years, we have seen and done it all. Here are our top tips to consider when restoring your period home: Restore Original Features: Period homes are well known for their stunning (and most often, grand) features and detailing. This is what makes them so unique and sought after. These period elements are what adds character to your home, therefore, it is best to try and restore and reuse (if possible) or replicate in order to keep the original character intact. This then leads us to our next point… Blend Old With New: It is important to harmoniously blend the existing period flare with the modern renovations. This will create a stunning result that will showcase the beautiful original features of the home and transition to the contemporary addition. A successful renovation will enhance the beautiful original features while incorporating modern features. Maximise Natural Light: As many period homeowners may be aware, an original period home is lacking in natural light due to the original layout and design, with rooms sectioned and closed off. A well-designed renovation can open up the house to create an open plan layout with natural light streaming in through the correct positioning of windows and skylights. Do Not Forget Energy Efficiency: Energy efficiency has emerged as one of the top priorities for many homeowners and these advancements are evident in modern home design. And of course, sustainability has become a core focus in today’s lifestyle. With the use of double-glazed (or even triple glazed) windows, high quality insulation, energy-efficient lighting, high-efficiency heating and cooling system & solar panels are a few energy-saving factors to consider. If you are considering a home renovation and/or extension, please contact us at Period Extensions & Designs for a complimentary consultation and let us transform your house to your dream home. Period Extensions & Designs | 03 9882 5255 | admin@periodextensions.com.au Instagram @periodextensions | Facebook @periodextensionsanddesigns Expert Guide to Period Home Renovating
Camberwell Results 1st November 2023 - 22nd January 2024
Bath 1 - 2 - 1 2 2 4 3 1 3 - - 2 3 2 1 2 1 1 1 3 3 - 4 2 2 2 2 2 3 1 1 2 2 3 2 2 2 1 Bed 3 3 4 1 1 4 4 4 3 1 5 1 3 3 4 4 1 3 2 1 2 4 5 - 4 3 4 4 3 3 5 1 3 4 2 5 4 4 3 2 Land 712sqm - 917sqm - - 835sqm 281sqm 715sqm 1,092sqm - - - 136sqm 225sqm 836sqm - - - - - - - - - 456sqm 301sqm - 716sqm 325sqm - 1,703sqm - - 697sqm - 652sqm - - - - Camberwell Sale Price $1,770,000 $1,950,000 $3,500,000 $455,000 $401,000 $3,520,000 $1,999,000 $2,880,000 $3,015,000 $410,000 $3,730,000 $416,000 $1,380,000 $1,300,000 $2,835,000 $2,210,000 $512,500 $1,735,000 $610,000 $410,000 Not Disclosed $2,820,000 Not Disclosed $4,100,000 $2,775,000 $1,540,000 $1,703,000 $3,150,000 $1,375,000 $2,000,000 $5,190,000 $560,500 $1,330,000 $2,460,000 $610,000 $3,250,000 $1,380,000 $2,288,000 $1,870,000 $903,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Sale Date 01/11/2023 02/11/2023 03/11/2023 03/11/2023 03/11/2023 04/11/2023 06/11/2023 08/11/2023 08/11/2023 08/11/2023 09/11/2023 10/11/2023 10/11/2023 10/11/2023 11/11/2023 11/11/2023 11/11/2023 11/11/2023 11/11/2023 14/11/2023 15/11/2023 16/11/2023 16/11/2023 17/11/2023 18/11/2023 18/11/2023 18/11/2023 18/11/2023 18/11/2023 18/11/2023 20/11/2023 21/11/2023 22/11/2023 22/11/2023 22/11/2023 24/11/2023 24/11/2023 25/11/2023 25/11/2023 25/11/2023 Address 5 Weafgreen Ct 4/890 Toorak Rd 13 Hunter Rd 220/347 Camberwell Rd G05/994 Toorak Rd 10 Cochran Av 23 Norman St 20 Marlborough Av 8 Gilbert Pde 12/52-54 Seymour Gr 86 Rowell Av 407/347 Camberwell Rd 35 Ellsworth Cr 6/18 Cornell St 24 Cooloongatta Rd 131 Through Rd 1/5 St Johns Av G04/437 Camberwell Rd 2/604 Riversdale Rd 407/347 Camberwell Rd 7/35 Acheron Av 3/7 Allambee Av 59 Brinsley Rd 10 Stodart St 74 Through Rd 3/37 Donna Buang St 4/21-25 Fairholm Gr 1 Lansell Cr 37 Avenue Rd 2/6 Fordham Av 141 Wattle Valley Rd 207/553 Burke Rd 2/14 Kerr Cr 50 Cooloongatta Rd 114/347 Camberwell Rd 35 Hunter Rd 3/138 Warrigal Rd 23 Moorhead St 5/71 Through Rd 5/10 Ruyton St Cars 2 - 2 - 1 2 2 2 2 1 3 - - 2 2 2 1 2 1 1 1 2 2 - 2 2 2 2 2 2 3 1 2 4 1 2 2 3 2 2
41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 Garage 1 2 1 2 1 1 2 1 2 2 4 3 2 6 1 2 2 3 1 2 4 1 2 2 3 2 1 1 2 - 1 2 1 2 1 2 2 2 2 2 Bath 2 1 1 2 1 1 2 2 2 2 2 2 2 3 1 2 2 2 1 2 1 1 2 2 3 2 1 2 2 - 1 2 2 2 1 2 2 3 2 2 Bed 2 3 2 3 2 2 4 3 3 3 3 4 3 5 2 3 3 4 2 3 2 2 5 4 4 4 2 2 4 2 2 4 2 4 2 4 4 5 4 4 Land - - - 238sqm - - 597sqm 658sqm - - 865sqm - 443sqm 1,122sqm - - - 793sqm - - - - - 949sqm - 605sqm - - - - - 809sqm - 783sqm - - 628sqm 1,232sqm 613sqm - Sale Date 25/11/2023 25/11/2023 25/11/2023 25/11/2023 30/11/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 04/12/2023 06/12/2023 06/12/2023 06/12/2023 06/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 09/12/2023 11/12/2023 11/12/2023 12/12/2023 12/12/2023 13/12/2023 13/12/2023 14/12/2023 15/12/2023 16/12/2023 16/12/2023 16/12/2023 16/12/2023 19/12/2023 Sale Price $1,314,000 $1,200,000 $665,000 $1,596,000 $540,000 $880,000 $2,026,000 $2,220,000 $1,455,000 $1,751,000 $2,810,000 Not Disclosed Not Disclosed $2,320,000 $750,000 $1,525,000 $3,240,000 $2,546,000 $525,000 $1,588,000 $1,391,000 $1,110,000 $2,701,000 $2,805,000 $2,625,000 $2,370,000 $649,000 $670,000 $1,250,000 $1,300,000 $545,000 $2,460,000 $589,000 $2,400,000 $899,000 $2,860,000 $1,716,000 Not Reported $2,075,000 $1,285,000 Address 4a Morey St 2/74 Glyndon Rd G01/50 Seymour Gr 1b Through Rd 6/217a Highfield Rd 4/37 Hazel St 18 Westbourne Gr 21 George St 3/17 Hollsmoor Rd 2/107 Wattle Valley Rd 15 Woodlands Av 1a St Andries St 35 Bellett St 568-570 Camberwell Rd 2/581 Camberwell Rd 201/437 Camberwell Rd 21 Russell St 7 Gavan St 12/995 Burke Rd 1/2 Tyne St 2/31 Carramar Av 4/1 Kingsley St 5 Oxford St 27 Acheron Av 5/2 Fordham Av 68 Fordham Av 2/105 Wattle Valley Rd G18/828 Burke Rd 2/106 Warrigal Rd 116/14 Prospect Hill Rd 18/596 Riversdale Rd 34 Smith Rd 211/347 Camberwell Rd 25 George St 3/21 Glyndon Rd 127 Rowell Av 160 Through Rd 28 Derby St 23 Fairview Av 1/106 Warrigal Rd Camberwell
Garage 2 1 2 6 Bath 2 1 3 6 Bed 4 1 4 12 Camberwell Sale Date 19/12/2023 20/12/2023 24/12/2023 15/01/2024 Sale Price $2,100,000 $423,000 $1,270,000 $3,460,000 Address 29 Milverton St 1/1021 Burke Rd 2/196 Warrigal Rd 36 Prospect Hill Rd Land 696sqm - - - 81 21 82 83
Canterbury Results 1st November 2023 - 22nd January 2024
Bath 4 3 4 - 1 2 5 - 3 2 2 4 1 2 5 4 2 4 2 1 4 - 1 1 1 1 1 1 2 2 1 1 1 2 Bed 5 4 5 4 2 3 4 4 4 4 3 4 2 5 5 5 3 5 4 2 5 5 2 2 3 2 2 2 3 6 2 2 4 2 Land 3,015sqm - 652sqm 543sqm - - 863sqm 657sqm 1,366sqm - - 1,253sqm - 620sqm - 667sqm - 1,156sqm 700sqm - 1,222sqm 910sqm - 1,174sqm - - - 375sqm - 1,461sqm - - - - Canterbury Sale Price Not Reported $7,150,000 $2,910,000 $2,450,000 $880,000 $1,300,000 $8,018,000 $2,000,000 $5,460,000 $2,512,500 $1,695,000 Not Reported $1,115,000 $3,802,500 $2,800,000 $3,560,000 Not Disclosed $7,200,000 $3,550,000 $968,000 $6,600,000 $4,800,000 $672,000 $2,600,000 $925,000 $2,150,000 $918,800 $1,320,000 $2,163,000 Not Reported $1,300,000 $920,000 $1,830,000 $827,500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Sale Date 02/11/2023 03/11/2023 08/11/2023 10/11/2023 13/11/2023 16/11/2023 17/11/2023 20/11/2023 23/11/2023 23/11/2023 27/11/2023 30/11/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 02/12/2023 05/12/2023 05/12/2023 07/12/2023 07/12/2023 07/12/2023 09/12/2023 09/12/2023 13/12/2023 14/12/2023 15/12/2023 15/12/2023 19/12/2023 19/12/2023 21/12/2023 21/12/2023 21/12/2023 28/12/2023 Address 22 Chaucer Cr 28 Victoria Av 18 Erica St 13 Golding St 3/12 Wattle Valley Rd 24/6 Balwyn Rd 6 Monomeath Av 12 Burnside Av 42 Bryson St 11 Kendall St 5 Pin Oak Ct 21 Victoria Av 3/42 Alexandra Av 25 Margaret St 133 Canterbury Rd 12 Alta St 2/27 Maling Rd 13 Chaucer Cr 16 Maysia St 9/37 Chatham Rd 5 Grange Av 46 Alexandra Av 2/66 Wattle Valley Rd 13 Rochester Rd 16/6 Balwyn Rd 13 Mcgregor St 5/41 Chatham Rd 1/12 Chatham Rd 16 Chaucer Cr 14 The Ridge 1a Bristol St 6/41 Chatham Rd 51 Canterbury Rd 101/59 Canterbury Rd Cars 6 6 2 - 1 2 2 - 4 2 2 4 1 2 2 2 3 6 2 1 4 - 1 1 2 2 2 2 3 4 1 1 3 1
Surrey Hills Results 1st November 2023 - 22nd January 2024
Bath 2 1 1 4 2 2 2 2 2 1 1 2 3 2 - 2 1 2 3 3 1 2 2 1 2 1 2 1 3 2 3 3 2 2 4 2 1 2 2 2 Bed 5 3 3 5 3 4 4 4 4 2 2 3 6 5 2 3 3 2 4 6 2 3 4 2 4 2 4 3 4 4 4 4 3 4 4 4 2 4 4 2 Land 1,159sqm - 678sqm 635sqm 502sqm - - 687sqm 696sqm - - 246sqm - - - - 849sqm - 443sqm 859sqm - - 690sqm - 620sqm - 1,065sqm 656sqm - 739sqm - - - 694sqm - 575sqm - 691sqm - - Surrey Hills Sale Price $2,413,000 $1,080,000 $1,500,000 $4,100,000 $1,465,000 $1,815,000 $2,545,000 $2,175,000 $2,616,000 $990,000 $845,000 $1,460,000 $2,700,000 $3,165,000 $700,000 $1,595,000 $1,860,000 $780,000 $1,960,000 Not Disclosed $755,000 $1,550,000 $1,680,000 $660,000 $2,730,000 $975,000 $3,850,000 $1,950,000 $1,515,000 $2,450,000 $1,400,000 $1,515,000 $1,270,000 $2,220,000 $2,500,000 $2,353,000 $1,400,000 $2,420,000 $1,975,000 $680,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Sale Date 01/11/2023 02/11/2023 04/11/2023 04/11/2023 05/11/2023 06/11/2023 11/11/2023 11/11/2023 11/11/2023 11/11/2023 11/11/2023 11/11/2023 15/11/2023 15/11/2023 16/11/2023 18/11/2023 18/11/2023 18/11/2023 22/11/2023 22/11/2023 25/11/2023 27/11/2023 30/11/2023 01/12/2023 01/12/2023 01/12/2023 02/12/2023 02/12/2023 06/12/2023 06/12/2023 06/12/2023 06/12/2023 07/12/2023 09/12/2023 09/12/2023 09/12/2023 11/12/2023 13/12/2023 13/12/2023 13/12/2023 Address 1 West Rd 3/3 Union Rd 19 Rose Av 39 Kent Rd 23 Elm St 1/14 Suffolk Rd 215 Prospect Hill Rd 38 Bentley St 3 Marne St 2/45 Middlesex Rd 4/10 Norfolk Rd 2/10 Valonia Av 6 Griffin Cl 58 Empress Rd 5/78 Croydon Rd 45 Sunbury Cr 2A Elwood St 3/6 Park Rd 30a Pine St 1-3/6 Scheele St 2/14 Essex Rd 3/40 Wandsworth Rd 245 Union Rd 105/178 Union Rd 22 James St 2/12 Florence Rd 26 Essex Rd 190 Union Rd 1 & 2/938 Riversdale Rd 49 Union Rd 2/938 Riversdale Rd 1,2&3/938 Riversdale Rd 3/4 Florence Rd 21 Kennealy St 2A Bona Vista Av 9 Kennealy St 113 Broughton Rd 48 Windsor Cr 1/19 Albert St 104/288 Canterbury Rd Cars 2 2 2 2 2 2 2 2 2 1 1 2 1 1 - 1 1 1 2 3 1 2 2 1 2 2 2 3 2 2 2 2 2 1 2 2 2 5 2 2
Garage 2 2 2 1 1 1 2 1 - 2 2 2 Bath 1 2 2 1 1 1 2 1 - 3 3 3 Bed 3 4 5 2 2 2 4 2 3 5 4 4 Surrey Hills Sale Date 14/12/2023 14/12/2023 14/12/2023 16/12/2023 16/12/2023 16/12/2023 18/12/2023 20/12/2023 21/12/2023 27/12/2023 09/01/2024 09/01/2024 Sale Price $1,880,000 $2,865,000 $2,076,000 $960,000 $765,000 $950,000 $2,550,000 $510,000 $1,000,000 $3,800,000 $1,365,000 $1,365,000 Address 9 Albert Cr 14 Albert St 22 Russell St 1/37 Barton St 3/56 Windsor Cr 1/105 Croydon Rd 20 Kent Rd 5/355 Elgar Rd 1/284 Mont Albert Rd 41 Suffolk Rd 3/938 Riversdale Rd 2/938 Riversdale Rd Land 583sqm - 585sqm - - - 743sqm - - 888sqm - - 41 42 43 44 45 46 47 48 49 50 51 52
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