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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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Presentation for bni boroondara www facebook com pages bni boroondara business networking melbourne 205313146146375 on tuesday 8 november 2011

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


What will we cover
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


What we do
What we do

  • Residential Sales

  • Commercial Sales

  • Commercial Leasing and Management

  • Licensed Valuers

  • Auctioneers


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


Clearance rates
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%


Is the real estate market sensitive to interest rate movements
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


Metropolitan growth suburbs september quarter 2011
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%


Median price growth
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


Presentation for bni boroondara www facebook com pages bni boroondara business networking melbourne 205313146146375 on tuesday 8 november 2011

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


Medium term capital growth
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


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


Housing affordability
Housing Affordability

  • Main influencers

    • interest rates

    • Prices

  • House prices down 4.9%

  • Unit prices down 2.6%

  • Average Days on market 52


Where is the market going in 2012
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


What is a good referral
What is a Good Referral?

What is a good referral?

  • Sellers

  • Buyers

  • Investors

  • For Sale By Owners

  • To Let By Owners


Thank you
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