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What will we cover

Presentation for BNI Boroondara www.facebook.com/pages/BNI-Boroondara-Business-Networking-Melbourne/205313146146375 On Tuesday 8 November 2011 By Nick Pane, Director, O’Donoghues First National Real Estate www.odonoghuesfirstnational.com.au At 1 Bowen Street, Camberwell Victoria 3124.

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What will we cover

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  1. Presentation for BNI Boroondarawww.facebook.com/pages/BNI-Boroondara-Business-Networking-Melbourne/205313146146375 On Tuesday 8 November 2011 ByNick Pane, Director, O’Donoghues First National Real Estatewww.odonoghuesfirstnational.com.au At1 Bowen Street, Camberwell Victoria 3124

  2. What will we cover • What we do • O’Donoghues - the team • Clearance Rates • Is the Real Estate market sensitive to interest rate movements? • Metropolitan growth suburbs • Median prices • Median term capital growth • Housing market conditions • Housing affordability • Where is the market heading in 2012 • What is a good referral

  3. What we do • Residential Sales • Commercial Sales • Commercial Leasing and Management • Licensed Valuers • Auctioneers

  4. O’Donoghues– the team • Directors • Simon O’Donoghue • Nick Pane • Sales Assistant – Sue Ellson • Property Manager • Gabrielle Vertessy • Assistant Property Manager – Tania Pakoti • Receptionist – Jane Hearn • Administrator- Michele Gunther

  5. Clearance Rates • Last weekend: 417 auctions, clearance rate of 50% • This weekend: 595 auctions, clearance rate of 53% • This weekend last year: 704 auctions, clearance rate of 59% • This weekend 2009: 524 auctions, clearance rate of 81%

  6. Is the Real Estate market sensitive to interest rate movements? • Improved affordability • Increased confidence in market • Investor activity increased • Real estate is a good indicator of economic activity

  7. Metropolitan growth suburbs - September Quarter 2011 Top 10 Growth Suburbs, Houses (Quarterly) Suburb Sep-11 Jun-11 Qtly Change 1 Balwyn $1,590,000 $1,280,000 24.2% 2 Deer Park $385,000 $346,500 11.1% 3 Brighton E $1,156,250 $1,050,000 10.1% 4 Newport $706,750 $655,000 7.9% 5 Glen Waverley $768,800 $722,000 6.5% 6 Wyndam Vale $350,000 $330,000 6.1% 7 Boronia $455,000 $432,750 5.1% 8 Narre Warren South $410,000 $395,000 3.8% 9 Rowville $550,000 $530,000 3.8% 10 Carrum Downs $355,000 $342,500 3.6%

  8. Median Price Growth Area %Change Q1.Median Q1.Median2011 2011 2001 Kew 366%  $ 1,945,000  $ 417,500 Malvern East 297%   $ 1,477,500  $ 372,500 Ivanhoe 271%  $ 1,280,000  $ 345,200 Balwyn 257%   $ 1,475,000  $ 413,000 Strathmore 252%   $ 922,000  $ 261,625 Canterbury 250%   $ 1,845,500  $ 527,000 Hawthorn 250%   $ 1,427,000  $ 408,000 Footscray 246%   $ 650,000  $ 188,000 Hawthorn East 211%  $ 1,360,000  $ 437,500 Caulfield South 210%  $ 1,008,000  $ 325,000

  9. Median Price Growth (cont) Area %Change Q1.Median Q1.Median 2011 2011 2001 Sunshine 208%   $ 447,500  $ 145,500 St Kilda East 207%   $ 1,060,000  $ 345,000 Blackburn 206%   $903,750  $ 295,500 Armadale 206%   $ 1,780,000   $ 582,250 Glen Waverley 206%   $ 733,400   $ 240,000 Reservoir 205%   $ 548,750   $ 180,000 Keilor East 204%   $ 640,000   $ 210,200 Mordialloc 202%   $ 662,500  $ 219,500 Murrumbeena 201%   $ 903,500  $ 300,000 Burwood 199%   $ 800,000  $ 268,000 Melbourne Metro 109%   $ 565,000   $ 270,000

  10. Medium Term Capital Growth • 2010 – 2011 - No increase • 2009 – 2010 - 20% increase • Market moves in cycles • Government policy • First home buyer grants • Easing of restrictions on foreign investors

  11. Housing Market Conditions The market continues to be supported by strong economic fundamentals • Strong population growth • Low levels of unemployment • Long term housing shortage will continue to underpin the market • Long term confidence in property

  12. Housing Affordability • Main influencers • interest rates • Prices • House prices down 4.9% • Unit prices down 2.6% • Average Days on market 52

  13. Where is the market going in 2012? • Increased stock levels • Subdued buyer activity • Stabilizing of prices - signs of falls • Investors are returning • Self managed super funds • Poor returns elsewhere • Foreign Buyers • AUD

  14. What is a Good Referral? What is a good referral? • Sellers • Buyers • Investors • For Sale By Owners • To Let By Owners

  15. Thank you Further information www.odonoghuesfirstnational.com.auwww.odonoghuesfn.com (blog)Nick Pane BBus (Acctg) CEA (REIV) Helper Agent®9882 3303 or 0418 344381 np@odonoghuesfn.com.au

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