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Presentation for Camberwell Business Club www.camberwellbusinessclub.com.au On Monday 14 November 2011 By Nick Pane, Director, O’Donoghues First National Real Estate www.odonoghuesfirstnational.com.au At Bistro Deco, 211 Camberwell Road, Hawthorn East Victoria 3123. What will we cover.

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Presentation for Camberwell Business Clubwww.camberwellbusinessclub.com.au

On

Monday 14 November 2011

ByNick Pane, Director, O’Donoghues First National Real Estatewww.odonoghuesfirstnational.com.au

AtBistro Deco, 211 Camberwell Road, Hawthorn East Victoria 3123


What will we cover
What will we cover

  • O’Donoghues - the team

  • Housing market conditions

  • Residential Property in Camberwell

  • Commercial Property in Camberwell

  • Economic Indicators

  • Where is the market going in 2012?

  • Rental Market


O donoghues the team
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


Housing market conditions
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

  • Clearance rate at 50-54%

  • Days on Market – Average 55


Residential property in camberwell
Residential Property in Camberwell

  • Land Value $1100 - $2500 per square metre

  • Most expensive pockets- Tara Estate- Sunnyside Estate

  • Most expensive sale – 12 Kintore St $4.7M

  • Average rental

    • 1 bedroom $260 - $280pw

    • 2 bedroom $350pw

  • Why is it so popular?


Commercial property in camberwell
Commercial Property in Camberwell

  • Burke Road – Blue Chip shopping strip

  • 610-612 Burke Road $6.15M April 2010

  • Rents $1100 - $1300 p/sqm

  • Capital Growth

    - 755 Burke Road sold 1999 $1.5M 2007 $3.8M 2009 $4.8M

  • Development

    - Aerial

    - Cookson Street at Station


Economic indicators
Economic Indicators

  • Interest rates coming down

  • Lower building starts

  • Reduced unemployment

  • Government policy

    - First Home Buyer’s Grant- Foreign Buyers


Where is the market going in 2012
Where is the market going in 2012?

  • Increased stock levels

  • Subdued buyer activity

  • Prices falling

  • Investors will return- Self Managed Super Funds

  • - Poor returns elsewhere

  • Foreign Buyers- AUD


Rental market
Rental Market

Vacancy Rates

2004 8%

2006 6%

2008 1%

2009 1.2% – 1.4%

2010 1.6% - 1.7%

2011 1.8% - 2.0%


Thank you
Thank you

Further information

www.odonoghuesfirstnational.com.au (website)www.odonoghuesfn.com (blog)Nick Pane BBus (Acctg) CEA (REIV) Helper Agent®9882 3303 or 0418 344381 np@odonoghuesfn.com.au


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