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 SYDNEY-based developer Mirvac is building a giant freeway wall which will block Melburnian’s travelling on the Monash Freeway from seeing one of the south-eastern suburb’s most familiar eyesores. As part of its Waverley Park stadium townhouse redevelopment, which is nearing completion, Mirvac is required to build a freeway wall to mitigate traffic nose for new residents. [...] AUSTRALIAN Unity is offloading one of its most prized located medical centres in Prahran, just 200 metres from retail mecca Chapel Street. The Victoria House Medical Centre and Victoria Clinic complexes, between 314 – 324 Malvern Road, are spread across 5939 square metres of land, most of which is zoned Residential 1. The asset will be sold with leases in place to six tenants. Leading private healthcare group Healthscope is committed to the site until 2018. [...]  COMMUTERS stuck at the congested intersection best dubbed a traffic sewer will be able to watch a $25 million redevelopment of a prominent East Melbourne church site. The Catholic Leadership Centre will be developed within buildings, and on surplus land surrounding the prominent Celtic Church on the south-west corner of Hoddle and Victoria streets – about three blocks away from the Fitzroy Gardens, and five blocks from the MCG. The centre will include a new short term accommodation complex for 45 people, a dining room for 400, and a basement car park with 59 bays. Existing heritage buildings will be refurbished, while a glazed roof walkway will be developed through the spine of the complex. [...]  MELBOURNE-born retail giant JB Hi Fi is staring down progress, in Keilor East. This month, the electrical and media retail chain, which is now ASX-listed, vacated the Centreway store (pictured, right) which the company’s founder, John Barbuto, opened as the first JB Hi Fi in 1974. Barbuto sold his business in 1983 to a consortium, which by the end of the century had opened nine more JB Hi Fi outlets across Melbourne. [...]  LIFE is about to get a little less private in ritzy Monomeath Avenue – the leafy eastern suburb boulevard often touted as Melbourne’s best street. Despite being rejected by the City of Boorondara council, the Victorian Civil and Administrative Tribunal has approved a $100 million-plus mixed use village only a block away, which will add four new apartment towers to the area – the tallest of which will rise seven levels. The proposed new Balwyn development affects a large chunk of land on Jersey Street, which Monomeath Avenue residents use as the most straightforward thoroughfare to Whitehorse Road. [...] Total Properties: 146 Sold: 92 Withdrawn: 4 Cleared: 61% Total Sales: $60,277,150 Median: $600,000 Suburb Address Type Price Result Abbotsford 17 St Phillips St 2 br h N/A SN Albert Park 2/53 Finlay St 1 br u $517,000 S Alphington 1/5 Chandler Hwy 3 br t $690,000 S Armadale 5/74 Denbigh Rd 1 br u $360,000 S Ascot Vale 5/75 Epsom Rd 2 br u N/A PI Aspendale Gardens 25 Dawson Ct 3 br h $515,000 SP Attwood 12 Tollkeepers Pde 5 br h N/A PI Balaclava 8 The Avenue 1 br t $485,000 S Balwyn North 9 Kendari Av 2 br h $960,000 VB Bentleigh 40 Phillip St 4 br h $1,045,000 S Bentleigh East 2/28 Adrian St 3 br u $632,000 S Bentleigh East 51 Edinburgh St 3 br h $790,000 S Bentleigh East 52b Goodrich St 3 br t $755,000 S Berwick 14 Deakin Ct 4 br h $430,000 VB Blackburn 10 Goodwin St 3 br h N/A PI Bonbeach 4a Milan Ct 3 br t $490,000 PI Box Hill North 57 McKean St 3 br h $656,000 S Brighton 16 Champion St 3 br h N/A SN Brighton 3/7 Grantham Ct 4 br t $2,150,000 VB Brighton 2/86 Martin St 2 br u N/A SN Brighton 18/568 New St 2 br u N/A SN Broadmeadows 32 Glencairn Cr 3 br h N/A PN Brunswick East 4/449a Lygon St 2 br u $450,000 S Burwood East 8 Hilltop Cr 3 br h $665,000 S Cairnlea 12 Bill Carn Av 4 br h N/A NB Camberwell 11 Bellett St 3 br h $1,150,000 SP Camberwell 225 Highfield Rd 3 br t $995,000 S Carlton 15/28 Little Cardigan St 1 br u $430,000 VB Carnegie 2/29 Gnarwyn Rd 2 br u $610,000 S Carnegie 28 Oakleigh Rd 3 br h N/A SN Carnegie 1/15 Truganini Rd 1 br u N/A PI Cheltenham 2b Courtney St 2 br t $515,000 S Cheltenham 52 Olympic Av 4 br h $1,050,000 VB Cheltenham 405/37-39 Station Rd 2 br u $440,000 SP Cheltenham 24 Wallingford St 3 br h $527,000 S Cheltenham 44/310 Warrigal Rd 2 br t $360,000 VB Collingwood 19/125 Oxford St 2 br u $765,000 S Edithvale 2/4-6 Bridges Av 2 br u N/A PI Edithvale 18 Hughes Av 4 br h $640,000 VB Eltham North 8 Highpoint Cr 3 br h N/A PI Elwood 17 Goldsmith St 3 br t $930,000 VB Essendon 4/91 Lincoln Rd 1 br u $270,000 S Essendon 5/91 Lincoln Rd 1 br u $270,000 S Essendon 310/87-89 Raleigh St 2 br u $460,000 SP Fairfield 5/134 Rathmines St 2 br u N/A PI Fairfield 5/40 Rathmines St 2 br u $470,000 S Fitzroy 85 Greeves St 2 br h $602,000 S Fitzroy 26/183 Kerr St 1 br u $555,000 S Fitzroy 40/1 St David St 2 br u $525,000 S Flemington 6 John St 2 br h $630,000 SP Footscray 11 Greer St 3 br h $520,000 S Footscray 48 Moore St 2 br h N/A PI Forest Hill 27 Mock St 4 br h $642,500 S Frankston 171 Cranbourne Rd 2 br h $370,000 S Frankston North 21 Laurina Cr 3 br h $253,000 S Gisborne 19 Skyline Dr 3 br h N/A PI Gladstone Park 1/5 Derwent Ct 2 br h N/A PI Glen Iris 6 Bellavista Rd 4 br h $1,390,000 S Glen Iris 77 Park Rd 3 br t $985,000 SP Glen Iris 19 Queens Pde 4 br h $890,000 VB Greensborough 36 Jessop St 4 br h N/A PI Hampton East 2a Dudley Av 3 br h N/A PI Hampton East 1/10 Kinross St 3 br t $720,000 VB Hawthorn 4/78-84 Auburn Rd 2 br t $550,000 VB Hawthorn 8/14 Creswick St 2 br u $537,000 S Hawthorn 40 Lennox St 3 br h $1,259,000 S Hoppers Crossing 5 Shelley Pl 4 br h $312,000 S Ivanhoe 16 Abbotsford … [...] REAL ESTATE agents have moved to prop up confidence in the housing market after a drop in house and unit prices. New figures from the Real Estate Institute of Victoria show Ascot Vale, Essendon and Moonee Ponds were the only suburbs in Moonee Valley to sell 30 or more houses in April to June. Essendon, Kensington and North Melbourne were the only suburbs where 30 or more units were sold. This comes as auction clearance rates in Melbourne plummet compared with 12 months ago, with 55 per cent going under the hammer, down from 68 per cent the same time last year. In the past year, Ascot Vale and Essendon median prices have increased, but other suburbs have not fared well. Moonee Ponds prices decreased by 16.7 per cent to $762,500, Strathmore prices dropped 15.3 per cent to $785,000 and Flemington prices dropped by 7.5 per cent to $670,500. Moonee Valley Real Estate sales manager David Gigliotti said a drop in consumer confidence because of issues such as the carbon tax had slowed sales. But he was adamant it was a good time for people to get into the market. “All it takes is a few big sales and the market is up,” Mr Gigliotti said. “We’re just experiencing a levelling out of the market, which is common.” Barry Plant Essendon sales director Bill Karp said there were a lot of buyers looking for flats as well as homes in the $700,000 to $800,000 range in Moonee Valley, while those after $1m-plus properties were being more selective. “We are calling it a balanced market, one in which neither the buyer or seller is disadvantaged,” he said. Mr Karp said there had been huge growth in value over the past 10 years, as buyers saw lower prices in Moonee Valley compared with suburbs the same distance from the city. This then encouraged other buyers then looking at the area. Head of property research at The Investors Club David Cross said it was a buyers’ market in Victoria, with few buyers and more properties for sale. “This means that properties are taking longer to sell and vendors are dropping their prices in an attempt to move them on,” he said. Melbourne’s metropolitan median house price is $590,000. [...] REAL ESTATE agents have moved to prop up confidence in the housing market after a drop in house and unit prices. New figures from the Real Estate Institute of Victoria show Ascot Vale, Essendon and Moonee Ponds were the only suburbs in Moonee Valley to sell 30 or more houses in April to June. Essendon, Kensington and North Melbourne were the only suburbs where 30 or more units were sold. This comes as auction clearance rates in Melbourne plummet compared with 12 months ago, with 55 per cent going under the hammer, down from 68 per cent the same time last year. In the past year, Ascot Vale and Essendon median prices have increased, but other suburbs have not fared well. Moonee Ponds prices decreased by 16.7 per cent to $762,500, Strathmore prices dropped 15.3 per cent to $785,000 and Flemington prices dropped by 7.5 per cent to $670,500. Moonee Valley Real Estate sales manager David Gigliotti said a drop in consumer confidence because of issues such as the carbon tax had slowed sales. But he was adamant it was a good time for people to get into the market. “All it takes is a few big sales and the market is up,” Mr Gigliotti said. “We’re just experiencing a levelling out of the market, which is common.” Barry Plant Essendon sales director Bill Karp said there were a lot of buyers looking for flats as well as homes in the $700,000 to $800,000 range in Moonee Valley, while those after $1m-plus properties were being more selective. “We are calling it a balanced market, one in which neither the buyer or seller is disadvantaged,” he said. Mr Karp said there had been huge growth in value over the past 10 years, as buyers saw lower prices in Moonee Valley compared with suburbs the same distance from the city. This then encouraged other buyers then looking at the area. Head of property research at The Investors Club David Cross said it was a buyers’ market in Victoria, with few buyers and more properties for sale. “This means that properties are taking longer to sell and vendors are dropping their prices in an attempt to move them on,” he said. Melbourne’s metropolitan median house price is $590,000. [...]  LIBERAL Party powerbroker Michael Kroger (pictured, right) has finally sold the last piece of the South Yarra estate that was for years the marital home he shared with Ann Peacock. The sale of the 1850s coach house, in Caroline Street (image, far right), ends a lengthy sales campaign which started in early 2009, and shortly after the couple announced they would separate. [...] LIBERAL Party powerbroker Michael Kroger (pictured, right) has finally sold the last piece of the South Yarra estate that was for years the marital home he shared with Ann Peacock. The sale of the 1850s coach house, in Caroline Street (image, far right), ends a lengthy sales campaign which started in early 2009, and shortly after the couple announced they would separate. [...] |
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