Market Report shelterrealestate.com.au 17 Carroll Crescent, Glen Iris Malvern / Malvern East
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employees do not warrant the accuracy or completeness of the data and information contained in this publication. Contents Market Summary Do Big Brands Deliver? Malvern Recent Sales Malvern East Recent Sales The Shelter Collective
Over the last quarter, Boroondara and Stonnington’s property markets have shown resilience amidst economic shifts, highlighting the premium appeal of both areas for buyers with long-term investment in mind. There are a unique combination of factors affecting both buyers, sellers and renters across the key suburbs we focus on like Glen Iris, Ashburton, and Camberwell. The last quarter has seen a slight dip in Melbourne’s property values, down by around 1.1%. Since July Glen Iris has shown a 12.1% growth in median home price, Camberwell saw a 4.8% increase, while Ashburton saw a slight decrease of 0.8%. These areas have faced historically low stock levels, with transaction volumes down 25-30%, which has helped maintain price stability despite fewer listings. Buyer demand remains strong, and property prices have shown resilience, especially for premium homes. As inflation cools and rates stabilize, we can expect renewed interest from more buyers and sellers who have been holding back. I believe this will translate to a strong start to 2025. The rental market, however, remains intensely competitive, especially in popular suburbs. With vacancy rates in Melbourne at just 1.5%—well below the balanced rate of around 2-2.5%—rent prices have surged, rising over 9% in the past year for both houses and units. This tight market is largely driven by Melbourne’s significant population growth, as the city continues to attract both interstate and international migrants looking to take advantage of job opportunities and lifestyle offerings. For Glen Iris, Ashburton, and Camberwell, this means that rental properties are harder to come by, and rent levels remain high as a result. High demand and limited supply create competition, a positive market for landlords despite increased compliance and costs. For those considering their next steps in the market, feel free to reach out for a discussion tailored to the latest conditions and opportunities specific to your property. ZALI REYNOLDS Founder | Director Market Summary
Major brand real estate agencies typically claim their branding makes a big difference to sellers. But is that really true? Here’s a closer look at the myths surrounding big-brand agencies. Large agencies promote their “special” databases and broader reach as added value, yet statistics show otherwise. These brands do no more to attract out-of-area buyers than online listings, and buyers often browse independently rather than through a particular agency. In fact, some commission structures can even discourage agents from securing the best possible buyer for each property. The focus of large agencies is often on volume rather than individual sale success. Many properties sit unsold for months, with “For Sale” boards more common than “Sold” stickers. These boards provide free marketing for agencies but can harm sellers, as listings that linger send a negative signal to potential buyers. An agency that frequently fails to sell, but keeps signing new properties, may be focusing on its own visibility rather than effective sales strategies. Experience, ethics, and energy—not branding—are what matter most. High-quality images, tailored pricing strategies, and a personalised marketing plan make a much bigger impact. For example, testing a property “off-market” can provide valuable feedback before deciding to auction, helping to establish an optimal starting price. In recent transactions, my team has seen results from customised approaches over blanket branding. We successfully sold a family home for over $3.5 million off-market, we closed a $6M+ sale without public listing, and a property over $9.5M sold through a targeted strategy that followed a previously failed campaign. Big-brand logos on property photos, auction videos, and boards may look impressive but are costly for sellers. What truly matters to buyers is the property, not the logo on the sign. Extensive branding may bring future business to the agency, but it doesn’t necessarily add value to your sale. When Big Branding Falls Short, Accountability Matters In the end, it’s the agent, not the agency, who brings the results. An effective agent offers a tailored plan, focuses on real buyer interest, and collaborates with other agents for your benefit— not for their own brand visibility. In today’s market, it’s wise to work with an agent who prioritizes your success with a proven strategy. Skip the “one-size-fits-all” branding approach and demand real accountability. As always, I’m here to discuss what works best for your unique property goals. Mal James James Buy Sell | marketnews.com.au Do Big Brands Really Deliver for Sellers?
Malvern Sales 1st August 2024 - 31st October 2024
Bath 1 1 1 1 2 2 2 1 3 1 2 2 1 2 1 2 2 2 1 1 1 1 3 2 2 1 1 2 2 2 2 3 1 3 2 2 1 1 2 3 Bed 2 2 2 3 4 3 3 3 4 1 4 2 2 3 2 4 4 3 2 2 3 2 4 3 4 2 3 2 4 3 4 4 3 5 3 4 3 1 3 4 Land - 304 - - 558 - - 287 882 - 836 - - 281 - 1,000 - - - - - - 669 434 - - 230 - - - - - 1,292 637 343 - - - - - Malvern Sale Price $632,000 $1,760,000 $540,000 $1,590,000 $2,775,000 $2,225,000 $4,000,000 $1,625,000 Not reported $415,000 $6,150,000 $888,000 $860,000 $1,860,000 Not reported $650,000 $3,312,000 $2,300,000 $665,000 $765,000 $630,000 $605,000 $3,650,000 $2,805,000 $2,900,000 $820,000 $1,810,000 $800,000 $4,240,000 $1,701,000 $5,565,000 $2,900,000 Not reported $3,400,000 $2,400,000 Not reported $2,270,000 $385,000 $4,340,000 $2,950,000 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 02/08/2024 03/08/2024 07/08/2024 10/08/2024 12/08/2024 13/08/2024 13/08/2024 13/08/2024 15/08/2024 19/08/2024 22/08/2024 23/08/2024 24/08/2024 25/08/2024 26/08/2024 27/08/2024 29/08/2024 29/08/2024 29/08/2024 29/08/2024 30/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 04/09/2024 05/09/2024 09/09/2024 09/09/2024 13/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 15/09/2024 17/09/2024 21/09/2024 21/09/2024 Address 203/12-14 Spring Rd 20a Cressy St 4/29 Hunter St 16 Johnstone St 41 Mcarthur St 7/676 Toorak Rd 2A Lawnhill Rd 24 Claremont Av 69A Elizabeth St G05/1228 Malvern Rd 28 Thanet St G03/1 Norfolk Pl 7/37 Wheatland Rd 32 Mckinley Av 5/25 Cressy St 18 Robinson St 64 Wheatland Rd 1/59 Jordan St 15/7 Warner St 9/158-160 Wattletree Rd 7/3-5 Acre Pl 3/10 Meredith St 19 Cawkwell St 65 Stanhope St 63 Jordan St 7/29-31 Parslow St 15 Dixon St 201/14 Elizabeth St 39 Horace St 2/15 Somers Av 373 Glenferrie Rd 2/4 Ashley Gr 2/1263 High St 28 Euston St 2 Mcarthur St 26 Winter St 13 Evandale Rd 103/1228 Malvern Rd 28 Elizabeth St 26 Cressy St Cars 1 2 1 0 2 2 2 1 4 1 2 2 1 0 1 3 3 2 1 2 1 1 3 2 2 1 0 2 2 2 4 3 1 4 0 2 1 2 4 1
Garage 3 4 2 2 2 2 1 3 3 1 1 2 2 2 3 1 2 1 3 3 1 2 1 2 2 3 1 4 1 1 1 0 1 1 2 4 2 2 2 Bath 2 4 2 2 2 2 1 2 3 2 1 2 3 3 2 1 2 1 2 3 2 2 1 3 3 2 1 4 1 1 1 3 2 1 2 4 1 3 3 Bed 4 4 4 3 2 3 2 4 4 4 2 3 5 4 4 2 3 2 4 4 4 3 2 5 4 4 2 4 2 2 2 4 4 3 3 5 3 4 5 Malvern Sale Date 21/09/2024 23/09/2024 26/09/2024 26/09/2024 26/09/2024 03/10/2024 05/10/2024 06/10/2024 08/10/2024 09/10/2024 12/10/2024 12/10/2024 17/10/2024 19/10/2024 19/10/2024 19/10/2024 03/10/2024 05/10/2024 06/10/2024 08/10/2024 09/10/2024 11/10/2024 12/10/2024 17/10/2024 19/10/2024 19/10/2024 19/10/2024 21/10/2024 24/10/2024 25/10/2024 25/10/2024 26/10/2024 26/10/2024 26/10/2024 26/10/2024 26/10/2024 27/10/2024 29/10/2024 29/10/2024 Sale Price $4,950,000 $3,546,100 Not reported $2,600,000 $940,000 Not reported $685,000 $3,000,000 $4,650,000 $2,550,000 $668,000 $2,200,000 $2,500,000 $2,730,000 $3,875,000 $910,000 Not reported $685,000 $3,000,000 $4,650,000 $2,550,000 $2,200,000 $668,000 $2,500,000 $2,730,000 $3,875,000 $910,000 $1,111,111 $720,000 $630,000 $660,000 $2,175,000 $3,626,000 $2,085,000 $2,375,000 $7,500,000 $985,500 Not reported Not reported Address 10 Soudan St 2 Cummins Gr 14 Gaynor Ct 308 Glenferrie Rd 102/1261-1269 Malvern Rd 21 Mayfield Av 19/65 Station St 5 Fraser St 28 Mayfield Av 20 Gordon Gr 1/6 Soudan St 104/18 Spring Rd 20 Ethel St 52 Horace St 15 Glenview Av 1/84 Claremont Av 21 Mayfield Av 19/65 Station St 5 Fraser St 28 Mayfield Av 20 Gordon Gr 104/18 Spring Rd 1/6 Soudan St 20 Ethel St 52 Horace St 15 Glenview Av 1/84 Claremont Av 37 Elizabeth St 7/31 Claremont Av 29/202 Wattletree Rd 1/6 Finlayson St 4 Raleigh St 4 Jordan St 19 Mcarthur St 66 Jordan St 2 Wilks Av 4/1 Mayfield Av 6 Glenview Av 9 Wilks Av Land 685 - - - - - - - 734 - - - 627 - 720 - - - - 734 - - - 627 - 720 - - - - - 391 513 - - 910 - - - 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
Malvern East Sales 1st August 2024 - 31st October 2024
Bath 2 2 3 2 1 1 2 2 2 3 1 1 1 2 2 - 1 2 2 3 3 2 2 3 2 2 2 3 2 - 1 3 1 2 1 1 2 2 1 2 Bed 4 5 4 3 3 1 4 2 4 4 2 2 1 2 3 2 2 4 3 4 4 4 3 5 4 3 3 4 4 - 2 3 2 2 2 2 4 3 4 3 Land 613 284 - 334 475 - - - 600 - - 66 - - 818 - - 780 604 - - 409 - 770 369 - - - - 780 - - - - - - 797 650 813 - Malvern East Sale Price $3,671,000 $1,657,000 $2,400,000 $1,600,000 $1,885,000 $311,000 $1,575,000 $587,000 $2,370,000 $1,410,000 $705,500 $377,500 $270,000 $750,000 $2,050,000 $434,000 $556,000 $3,625,000 $1,637,500 $1,676,000 $1,990,000 $2,055,000 $1,750,000 $3,335,000 $1,910,000 $1,600,000 $900,000 $3,915,000 $4,610,000 $2,660,000 $655,000 $2,150,000 $537,500 $758,000 $587,000 $585,000 $2,476,000 $1,317,500 $3,220,000 $960,000 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 03/08/2024 06/08/2024 07/08/2024 07/08/2024 10/08/2024 12/08/2024 15/08/2024 16/08/2024 17/08/2024 17/08/2024 19/08/2024 20/08/2024 21/08/2024 21/08/2024 22/08/2024 23/08/2024 24/08/2024 24/08/2024 24/08/2024 24/08/2024 24/08/2024 24/08/2024 26/08/2024 27/08/2024 28/08/2024 28/08/2024 29/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 31/08/2024 02/09/2024 07/09/2024 07/09/2024 07/09/2024 07/09/2024 07/09/2024 Address 10 Belson St 27 Thornbury Cr 32 Ardrie Rd 39 Clynden Av 35 Emo Rd 20/92 Waverley Rd 1a Millewa Av 105/1009 Dandenong Rd 29 Douglas St 1B Ramona Av 2/82 Paxton St 15/919 Dandenong Rd 22/2a Bates St 203/9 Camira St 21 Carrum St 14/800 Warrigal Rd 10/240-242 Waverley Rd 1 Paxton St 11 Rob Roy Rd 7a Peverill St 72e Serrell St 15 Tennyson St 1/25 Alma St 62 Macgregor St 1 Paul St 304/3 Hurstmon St 3/1810 Malvern Rd 4 Coppin St 23 Epping St 32 Paxton St 1/68 Finch St 17 Winton Rd 4/16 Repton Rd G3/12 Camira St 7/16 Repton Rd 6/14 Repton Rd 8 Dundonald Av 74 Argyll St 5 Nyora St 8/1810 Malvern Rd Cars 2 1 2 2 1 1 2 1 3 1 1 1 1 1 2 - 1 3 2 2 2 1 2 3 2 2 2 1 3 0 1 3 1 1 1 1 2 1 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 0 3 2 1 2 1 1 1 2 2 3 2 3 2 2 4 1 2 2 1 1 2 1 2 2 3 2 2 2 1 2 4 2 2 1 2 2 2 1 1 Bath 1 2 2 2 3 1 1 2 2 3 3 2 1 3 2 2 1 1 1 1 2 4 1 2 1 2 2 2 2 1 1 2 4 2 1 1 2 2 1 2 Bed 2 4 3 5 4 2 2 4 3 6 4 3 3 3 4 4 2 3 3 2 2 4 2 3 2 3 4 3 2 1 4 4 4 3 2 3 3 3 1 2 Land - 736 - - - - - - - 945 - - 650 - 697 836 - - 722 - - 350 - 664 666 454 - 493 - - - 642 - - - - - 780 - - Sale Date 07/09/2024 11/09/2024 11/09/2024 11/09/2024 11/09/2024 11/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 14/09/2024 16/09/2024 17/09/2024 17/09/2024 18/09/2024 18/09/2024 19/09/2024 19/09/2024 20/09/2024 21/09/2024 21/09/2024 21/09/2024 21/09/2024 21/09/2024 23/09/2024 23/09/2024 25/09/2024 25/09/2024 29/09/2024 29/09/2024 02/10/2024 04/10/2024 05/10/2024 05/10/2024 05/10/2024 08/10/2024 08/10/2024 Sale Price $1,360,000 $228,000 $1,220,000 $2,380,000 $4,550,000 $570,000 $410,000 $2,670,000 $1,680,000 $4,555,000 $3,140,000 $1,285,000 $2,060,000 $1,250,000 $2,111,000 $1,900,000 $300,000 $1,250,000 $2,000,000 $390,000 $505,000 $2,180,000 $715,000 $1,800,000 $1,780,000 $1,840,000 $1,775,000 $1,329,000 $1,945,000 $242,000 $1,800,000 $1,350,000 $2,360,000 $1,750,000 $670,000 $1,246,000 $1,540,000 $2,460,000 $406,000 $415,000 Address 50 Tooronga Rd 23 Rothesay Av 1a Alcala Av 23 Rothesay Av 8 Vickery St 108/60 Belgrave Rd 30/997 Dandenong Rd 50 Emo Rd 3/110 Burke Rd 60-62 Finch St 25 Summerhill Av 2b Sutherland St 17 Burke Rd 12 Eucalypt Av 9 Oak Gr 1 Camira St 7/806-808 Warrigal Rd 728 Waverley Rd 11 Sydare Av 205/839 Dandenong Rd 101/803 Dandenong Rd 5 Midlothian St 1/9 Carrum St 9 Rowena Rd 85 Alma St 14 Hilda St 4/136-138 Darling Rd 13a Alma St 3/64 Burke Rd 18/780-782 Warrigal Rd 26 Karma Av 11 Rotherwood Dr 27 Chanak St 60 Manning Rd 106/1 Eucalypt Av 1/16 Baker St 201/84 Burke Rd 30 Paxton St 15/7 Sutherland St 108/801 Dandenong Rd Malvern East
Bath 2 2 2 - 1 2 2 1 1 1 2 2 2 1 1 2 2 3 1 2 1 2 1 2 2 3 3 2 1 1 1 1 2 2 3 2 2 2 2 3 Bed 2 2 3 - 1 4 3 3 3 2 4 3 2 1 1 4 3 5 1 4 3 5 3 3 2 4 6 4 1 1 2 2 3 3 5 4 3 3 2 4 Land - - 309 - - - 260 - 650 - 702 - - - - 697 - - - 812 - - - - - 695 - 877 - - - - - 350 628 354 311 - - - Malvern East Sale Price $485,000 $719,000 $1,993,000 Not reported $120,000 $1,400,000 $1,000,000 $1,480,000 $1,250,000 $796,000 $2,040,000 $2,040,000 $893,000 $280,000 $290,000 $3,900,000 $1,150,000 $2,728,000 $110,000 $2,550,000 $1,190,000 $2,475,000 Not reported $1,650,000 $465,000 $3,562,000 $5,800,000 $2,930,000 $118,100 $120,000 $575,000 $1,872,000 $2,110,000 $1,479,000 $2,320,000 $2,100,000 $1,172,500 $1,041,000 $1,631,500 $2,379,000 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 Sale Date 08/10/2024 09/10/2024 09/10/2024 09/10/2024 09/10/2024 10/10/2024 10/10/2024 10/10/2024 11/10/2024 12/10/2024 12/10/2024 12/10/2024 12/10/2024 13/10/2024 14/10/2024 14/10/2024 14/10/2024 15/10/2024 15/10/2024 19/10/2024 19/10/2024 19/10/2024 19/10/2024 21/10/2024 21/10/2024 22/10/2024 22/10/2024 22/10/2024 22/10/2024 23/10/2024 24/10/2024 26/10/2024 26/10/2024 26/10/2024 26/10/2024 26/10/2024 26/10/2024 27/10/2024 28/10/2024 28/10/2024 Address 202/907 Dandenong Rd 5/62 Sycamore St 32 Oak Gr 3/136 Darling Rd 203/75 Darling R 66 The Boulevard 1/24 Durward Rd 2 Deakin St 560 Waverley Rd 3/56 Webster St 14 Millewa Av 73b Brunel St 2/555 Waverley Rd 5/25 The Avenue 115/839 Dandenong Rd 41 Macgregor St 2085 Malvern Rd 102 Emo Rd 208/141 Waverley Rd 26 The Avenue 1/8-10 Hyslop Pde 18 Alma St 385 Waverley Rd 5k Belson St 304/803 Dandenong Rd 38 Coppin St 9-11 Lewes Dr 21 Allenby Av 118/60 Waverley Rd 122/75 Darling Rd 103/84 Burke Rd 40 Ardrie Rd 23 Emo Rd 1/4 Wynyeh St 15 Abbotsford Av 85a Brunel St 3 Arcadia Av 2/24 Durward Rd 26 Serrell St 46 Washington Av Cars 1 1 1 - 0 2 2 1 2 2 2 2 2 1 1 2 2 2 0 2 2 2 3 2 1 2 6 2 0 0 1 1 1 2 2 2 2 2 1 3
The Collective BRITNEY FLACK Britney’s astute understanding of the strengths and complexities of the property market correlates directly with her clients’ criteria and individual needs. Driven by a commitment to client success, Britney’s approach is straightforward and results-oriented. TODD BRAGGINS Todd's real estate experience within Boroondara & Stonnington spans more than a decade, he is known for his negotiating prowess, energetic auctioneering style and direct, honest approach. His focus on understanding each clients unique situation and his ability to create a comprehensive strategy, has produced hundreds of millions in residential sales to date. MANAE MCINNES With her passion for property and an intuitive ability to make lasting, honest connections with her clients, Manae is a huge asset to the Shelter team. Bringing a fresh, enthusiastic and innovative approach, Manae is a highly motivated and determined agent with exceptional negotiation skills and an impressive knowledge of the local property market. For Manae, it’s all about superior customer experiences and her ability to connect with people. ZALI REYNOLDS A top producing agent with decades of market insight, Zali’s tenacious and exuberant approach, negotiation expertise and dedicated service ensures her clients get the results they desire with the support they require. MIKE MILLINGTON With a highly successful two-decade career of dedicated passion and commitment to the real estate profession, Mike is one of the area’s most eminent Auctioneers and one of the leading Licensed Estate Agents. Mike’s focus and tenacity, paired with his flair for negotiation and drive to deliver exceptional results has consistently ranked him as a top tier performer in Stonnington & Boroondara. CHRISTINE ARAZI A trusted figure in the field of property sales, Christine views real estate as a passion, a craft, and a profession, placing a strong emphasis on building meaningful and lasting relationships with her clients. Christine has over two decades of experience selling real estate across Stonnington and Boroondara with an unwavering commitment to ‘people and properties’.
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