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 THE Hume City Council has created a comprehensive, free synopsis of major properties in Sunbury, about 30 kilometres north of town. The Sunbury Town Centre Database tracks the history of the town since 1960, and as the government sold off land once used by the rail department. Like popular industry resource CityScope, the Sunbury database gives investors, retailers and other potential businesses important information regarding everything from tenancy mixes, through to most recent property sales. [...]
THE Hume City Council has created a comprehensive, free synopsis of major properties in Sunbury, about 30 kilometres north of town. The Sunbury Town Centre Database tracks the history of the town since 1960, and as the government sold off land once used by the rail department. Like popular industry resource CityScope, the Sunbury database gives investors, retailers and other potential businesses important information regarding everything from tenancy mixes, through to most recent property sales. [...]
 RADIO personality Jo Stanley (pictured, right) has sold the Elwood home she outgrew for $1.26 million. Stanley, with husband Darren McFarlane, purchased the renovated three-bedroom terrace about five years ago – about three years before the arrival of daughter Willow. Near the beach and Elwood village, the semi-detached Edwardian has two living areas and a relatively large side yard. [...]
 RADIO personality Jo Stanley (pictured, right) has sold the Elwood home she outgrew for $1.26 million. Stanley, with husband Darren McFarlane, purchased the renovated three-bedroom terrace about five years ago – about three years before the arrival of daughter Willow. Near the beach and Elwood village, the semi-detached Edwardian has two living areas and a relatively large side yard. [...]
 BILLIONAIRE businessman Lloyd Williams is continuing to reweight his property portfolio. This time, in South Yarra, the racehorse owner, investor and high-density apartment builder has paid $13 million for two adjoining, historic homes (aerial pic, right) in the heart of the suburb’s uber-exclusive, [...]
PHOTOS are the most important element of real estate, writes Melanie Gardiner. If a picture is worth a thousand words, what tales do your property photographs tell prospective buyers? Will they entice purchasers in fewer than eight seconds? That’s how long the average buyer spends initially reviewing real estate images, according to veteran photographer John Wheatley, director of Urban Angles. He says great photographs are the result of good preparation by vendors, a talented photographer and skilled retouching to create a polished result. After 10 years of shooting advertising campaigns, Mr Wheatley started Urban Angles in 2001 to bridge the gap between high-end commercial and residential real estate photography. Directors Michael Downes and Jules Tahan joined the company in 2004 and 2005. Today the company employs more than 20 staff, with photographers regularly flown to photograph major projects around Australia. Mr Wheatley said he’s surprised by the number of homeowners who don’t research a real estate agent’s preferred photographer or review samples of the photographer’s work before signing up. “It doesn’t cost a lot of money to get good photos,” he said. Choosing a less experienced supplier to save $100 can become costly in the long run. Bowed walls, cluttered spaces, poorly placed furniture, and white ghosting around objects “magic wanded” during retouching are all the hallmarks of poor quality photographs. “Vendors on a budget should opt for fewer high-quality images instead,” Mr Wheatley said. Urban Angles retouches images by hand, with up to five exposures blended together to create the perfect shot. It takes Urban Angles about an hour to process each property, four times longer than competitors relying on automated systems. “A computer can’t decide how to retouch an image properly. It needs to be done by a skilled retoucher. “It’s a slower process but gives you a much better outcome,” Mr Wheatley said. Working with a tripod encourages staff to think about image composition. Good photographers time appointments to suit a home’s orientation, carefully assess each room and adjust furniture placement. “We approach photographing a property in the same way as a high-end advertising job,” Mr Wheatley said. Urban Angles staff liaise with agents and vendors as they would an advertising director. Homeowners should allow $200-$400 for a daytime shoot, while twilight packages start at about $500, and combined day/night visits cost up to $990. “For most people, their home is their biggest asset, so they need to get it out there with the best photography,” Mr Wheatley said.Details: Urban Angles, 10 Grattan St, Prahran. Phone: 9827 0999 or visit www.urbanangles.com Top tips to ensure your home is ready for its close-up. WHICH ROOMS? To give buyers a good feel for your home, most campaigns highlight the exterior, kitchen, living areas, main bedroom, family bathroom and any outdoor living space. KITCHEN Small items can appear as clutter once an image is reduced for print and online … [...]
Total Properties: 212 Sold: 117 Withdrawn: 7 Cleared: 53% Total Sales: $84,331,000 Median: $647,500 Suburb Address Type Price Result Airport West 21a Etzel St 3 br h $550,000 VB Albert Park 142 Kerferd Rd 4 br h N/A PI Altona Meadows 9 Mulcahy Ct 3 br h N/A PI Ardeer 20 Holt St 2 br h $297,000 S Ardeer 3/60 Maxweld St 2 br u N/A PI Armadale 52 Armadale St 4 br h N/A PI Ascot Vale 14/157 Epsom Rd 2 br u $400,000 VB Ashwood 14 May Park Av 3 br h $1,150,000 S Ashwood 68 Silver Ash Av 3 br h $705,000 S Aspendale 106 Station St 2 br h $551,500 S Balliang 2530 Bacchus Marsh Rd 3 br h $600,000 VB Balwyn 35 Gordon St 4 br t $1,060,000 SP Bayswater 2/2 Banksia Ct 3 br t $430,000 S Bayswater 3/2 Banksia Ct 3 br t $412,000 S Beaumaris 425a Beach Rd 3 br t $1,205,000 S Beaumaris 4/12 Towers St 2 br u N/A PI Bentleigh 8 Marquis Rd 2 br h N/A SN Bentleigh East 27 Begg St 2 br h $660,000 S Bentleigh East 4 Hemingford Rd 4 br t $839,000 S Bentleigh East 25b Patricia St 3 br t $720,000 VB Berwick 25 Homestead Rd 3 br h $340,000 VB Berwick 5 Rheanva St 3 br h $546,000 S Black Rock 4/5 Love St 3 br t $705,000 S Black Rock 45 Stanley St 5 br h $1,600,000 S Black Rock 1/23 Tulip St 3 br u N/A PN Blackburn 31 Francis St 2 br h $630,000 S Blackburn 36 Laurel Gr N 4 br h $750,000 VB Blackburn 38 Salisbury Av 5 br h $1,000,000 VB Bonbeach 2/58a Broadway 3 br t $445,000 S Bonbeach 45/97 Broadway 2 br u $285,000 S Bonbeach 156 La Perouse Bvd 4 br h N/A PI Box Hill 13 Bass St 4 br h $830,000 VB Box Hill 4/21 Simpsons Rd 2 br u $455,000 S Brighton 530 New St 4 br h $1,321,000 S Brighton 42a Willansby Av 3 br t $1,200,000 VB Brighton 14 William St 4 br h $2,700,000 VB Brighton East 100 Canberra Gr 3 br t $1,100,000 VB Brighton East 24 Clive St 2 br h $700,000 VB Brighton East 10/71-73 Union St 2 br u $680,000 S Brunswick 49 Ewing St 3 br h $875,000 S Brunswick 240 Victoria St 3 br h $560,000 VB Brunswick East 5/23 Balmoral Av 1 br u $347,000 S Brunswick East 210 Stewart St 4 br h $900,000 S Bundoora 6 Warrenwood Pl 3 br h N/A PI Burwood 46 Leopold St 4 br h N/A SN Burwood 61 McCubbin St 3 br h $740,000 VB Camberwell 1/26 Cornell St 2 br u N/A SN Camberwell 2/33 Donna Buang St 2 br u $585,000 SP Carnegie 4/96 Mimosa Rd 2 br u $555,000 S Carnegie 87 Truganini Rd 4 br h $900,000 SP Caulfield 2/167 Kambrook Rd 3 br u $615,000 PI Chadstone 1b Gooyong Av 4 br t $785,000 S Chadstone 3/5 Rae St 3 br u $514,000 S Chadstone 1/2 Robert St 3 br u $605,500 S Chadstone 1/2 Warrina St 3 br u $425,000 S Chelsea Heights 23 Amron St 3 br h $400,000 VB Cheltenham 6/30-32 Jean St 3 br t N/A PI Cheltenham 29 Kelmar St 5 br h $855,000 S Cheltenham 11 Norland St 3 br h $540,000 S Chirnside Park 27 Meadowbank Av 3 br h $450,000 S Chirnside Park 7 Vintage Gr 4 br h $620,000 VB Clayton 34/2 Monash Green Dr 1 br h $288,000 SA Clayton South 42 Main Rd 3 br h $490,000 VB Clifton Hill 9 Spensley St 2 br h $722,500 S Coburg 4 Jersey St 3 br h N/A PI Coburg 171a Reynard St 2 br t $500,000 S Coburg North 2 Julius St 2 br h N/A PI Craigieburn 23 The Garlands 2 br h $315,000 VB Dandenong North 8 Victoria Ct 3 br h $331,000 S Deer Park 80 Birchwood Bvd 3 br h $340,000 S Docklands 77/801 Bourke St 2 br u N/A PI Docklands 2702/80 Lorimer St 3 br u N/A PI Doncaster East 4 Milan St… [...]
 GOVERNMENT human resource officers take note – another private development company is about to prove Treasury missed a chance to substantially boost its coffers. MAB Corporation is slicing, dicing and readying to profit from a 3.1 hectare Port Melbourne facility it bought from the state government for a low $12.65 million six months ago (in a deal it didn’t have to pay stamp duty for). The 12-62 Cook Street site was for years the toll collection facility for the West Gate Bridge. The easternmost boundary of the site offers 500 metres of exposure to an offramp of the West Gate Freeway, where 160,000 vehicles pass per day. [...]
A MOVE to cap commercial heights to two storeys in many peninsula towns is a “knee-jerk reaction”, Cr David Gibb says. He made the comment as fellow Mornington Peninsula Shire councillors backed the cap for most towns. Cr Gibb said three-storey complexes added vitality and mixed use to towns. The third storey could be set back so that it was not noticeable from the ground level. But Cr Lynn Bowden said the issue was about protecting towns’ character. “It’s country … I don’t think we should be looking at three-storey (developments),” she said. Cr Bev Colomb said there was adequate provision for development on the peninsula, which did not want the white elephant-type developments that other municipalities faced. Cr Leigh Eustace said Mt Eliza residents were adamant they did not want three-storey buildings in their town. “The community are saying loud and clear they don’t want three-storey buildings,” he said. Exceptions to the two-storey limit include the major activity centres of Mornington, Hastings and Rosebud. Mornington has a four-storey limit for its commercial centre, while limits for Hastings and Rosebud have not been finalised. Dromana and Rye will have a maximum of three-storeys. A decision on Somerville and Mt Eliza awaits township plans. Councillors voted to ask Planning Minister Matthew Guy to introduce an interim amendment to the shire’s planning scheme backing the height limits. [...]
A lack of funding for speculative industrial development in Melbourne’s west is pushing estate owners and owner-occupiers to find solutions, Savills Australia says. Savills industrial executive Chris Telley said the supply of smaller industrial buildings in the west was “severely diminished” because continued tight bank lending had left many developers unable to fund speculative development. This had contributed to a new trend, in which “owner-occupiers are forced to buy land and have their premises built to order”, Mr Telley said. Despite lending tightness, individual businesses had been able to make the case to banks that owner-occupation was financially sound. The other effect of reduced speculative development was that industrial estate owners were considering developing new allotments. One such example was Investa Property Group, which planned to release new serviced allotments at its 194ha Paramount Industrial Estate at Derrimut. The decision followed the 18 similar lots Investa mainly pre-sold in mid-2010 with minimal marketing, Mr Telley said. He said he expected the two trends to continue. TENANTS SEEK CBD SPACE Tenant inquiries have risen at the smaller end of Melbourne’s CBD retail leasing market, reports CB Richard Ellis. CBRE negotiator Zelman Ainsworth said compared with last year there had been a marked rise in the number of inquiries for space priced at less than $150,000 a year. Hospitality businesses were showing the strongest demand, including start-up businesses and franchise models expanding from interstate and overseas. A recent example of the aggressive leasing was Port Melbourne fast-food retailer Cone Heads signing up for 2 Elizabeth St at more than $7000 a sq m a year – a record for the street. It had taken Cone Heads six years to secure the perfect site, Mr Ainsworth said. SHOP NEAR STATION A ground-floor shop or office opposite Southern Cross railway station is up for grabs through CB Richard Ellis via a deadline private-sale campaign. CBRE City Sales agents Josh Rutman and Tom Tuxworth are looking after the campaign for Shop 7 at 200 Spencer St, at the base of the Neo 200 apartment complex. It is expected to fetch more than $650,000. The property is 66sq m, has a car bay and the option to buy additional car spaces and storage areas, and is being sold with vacant possession. Mr Rutman said more than 3500 new apartments were expected to be built in the area over the next few years. The campaign closes on June 30 at 2pm. WAREHOUSE DEAL An owner-occupier has paid $1.4 million for an office-warehouse a walk from South Yarra’s Chapel St retail strip. CB Richard Ellis associate director Scott Orchard negotiated the deal over the 237sq m site at 20 Wilson St, which has a ground-floor warehouse space and a first-floor office or studio. Zoning is Business 2 and a 23m height limit applies to the precinct. [...]
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