bayside

Cape Woolamai sits on the south-eastern edge of Phillip Island with the spectacular ocean beach its stunning drawcard. This attractive property features plenty of briny-themed references in the form of reclaimed beach timbers. We love the posts dotting the garden walkway making it look like a low-level jetty. Excellent stuff. This cool path passes a terrific outdoor shower concealed by tall palms and timbers as well as a paved outdoor entertaining area with built-in barbecue and seating. Step up to the pavilion that forms the front of house. The entry proper rolls you into a superb dining area where the crisp white peaked roof holds six skylights that illuminate the communal areas. Grey timber floors run across to the stone-bench kitchen where the white cabinetry is offset by darker units and timber accents. Head past the dining area to the fabulous sunken lounge where you get to hunker down on those cool coastal nights in front of a fireplace. Bifold glass doors reveal the garden and a sparkling swimming pool, but before you get outside there’s a terrific passage that runs north of the dining and living rooms leading onto two bedrooms; one has a small, nicely configured en suite. Further along, the central bathroom features a black and white bath, timber vanity and open glass shower. A lounge room with double glass doors comes before bedroom three and then at the end of the passage, the main bedroom. Another picture window offers those sparkling pool views and the room includes a bright en suite and walk-in wardrobe. Behind the large garage there’s a smartly sited studio/guest’s quarters with its own en suite. Sea, serenity and style combine to make this place pretty irresistible. https://www.domain.com.au/news/sea-serenity-and-style-combine-to-make-this-place-pretty-irresistible-810643/

3 Alexander St, Brighton East sold $40,000 above expectations. Marshall White’s Matthew Pillios enacted a heat rule for the auction at 3 Alexander St, Brighton East, bringing the buyers into the living room rather than forcing a contest on the street. “I think it was about 36C at the time,” Mr Pillios said. “And the home had a big living area, so it turned into an outstanding auction.” Two bidders fought from $1.55 million to a $1.64 million sale, $40,000 above reserve. A young couple won the keys to the four-bedroom house and showed even a basic, solid brick home could drive competition. The results were recorded as the city emerged from its second week of more than 1000 auctions this year with a 55 per cent preliminary clearance rate, according to CoreLogic records. 2/1 Howard St, Glen Iris sold almost $100,000 above reserve at the weekend.

https://www.news.com.au/finance/real-estate/melbourne-vic/surging-tide-of-demand-for-koala-beach-box-in-brighton/news-story/09c370ab6208f9490ea4cd34a3a2ec9d Summer might be over, but that hasn’t stopped a Brighton beach box touted as the ‘ultimate Australian icon’ from matching the record price for the status symbols along the famous sandy strip. A Brighton beach box dubbed the “ultimate Australian icon” has equalled the record price for the famous stretch of sand. Bathing Box 89 sold on Thursday evening for an undisclosed figure, understood to have matched the record price of $337,000 set at an April 2018 auction for Bathing Box 76B. Marshall White agent Matthew Pillios confirmed No. 89 sold above its price range of $300,000 to $330,000 on March 21. The record-setting auction of 76B last year saw Nick Johnstone Real Estate’s eponymous director conduct the event in board shorts and dive into the ocean to celebrate a successful sale. Thursday’s sale didn’t make it to Saturday’s auction though, much to the dismay of an excited Mr Pillios. “We had a lot planned for the auction — I was arriving on a jet ski, we had food and festivities, but we had to put the vendor first,” Mr Pillios said. The beach box, which has a mural of a koala enjoying a relaxing day at the beach, was picked up by a local middle-aged couple with children. “It was picked up by local residents who love the beach box for them and their kids to enjoy,” Mr Pillios said. “They love the artwork, they fell in love with the beach box the first time they saw it.” The mural was painted by artist Daniel Worth and was awarded by the City of Bayside as the best exterior mural along the beach, according to the listing.

This article provides a good summary of the suburb. With a roll call of celebrities choosing to call it home, Brighton reigns supreme with exclusivity. https://www.domain.com.au/news/whos-afraid-of-brighton-all-things-considered-theres-little-reason-to-be-799091/

' Units in inner areas (excluding the inner city) had seen a continual decline in days on market, while the outer areas were rising. “Reduced buyer activity and recent years of unprecedented inner-city unit supply would be impacting this overall trend,” Dr Powell said. Days on market: February 2019 Source: Domain Houses Melbourne region Average days on market Inner 56 Inner East 63 Inner South 50 North East 54 North West 58 Outer East 50 South East 61 West 64 Mornington Peninsula 49 Units Melbourne region Average days on market Inner 86 Inner East 71 Inner South 60 North East 72 North West 75 Outer East 54 South East 79 West 77 Mornington Peninsula 50

' It’s not unusual for a property worth $4 million to come onto the market in Brighton. But what sets 58 Were Street apart from the others is the fact there’s no home there at all. It is currently a tennis court. The 892-square-metre block of land, with an asking price of between $3.8 million and $4.1 million, came onto the market last week. The tennis court was originally part neighbouring 60 Were Street, which is also up for sale. The owners have separated the two properties to be auctioned at the end of the month. Auctioneer and partner at Marshall White Bayside Stephen Smith said it was a rare sale in one of Brighton’s most beautiful, tree-lined streets. Properties on Were Street are very tightly held. In fact, the home and tennis court have only had two owners since the original property was first built in 1919. “It’s an iconic location,” Mr Smith said. “It’s very rare to have land like this ready to go.” Mr Smith said the current owners, who have lived at the address for nearly 40 years, are a couple who are looking to downsize. They bought the property in 1982 for $285,000, public records show. “They’ve raised their family and all the kids have moved out so the property is surplus to their needs,” Mr Smith said. “I think they’ll be looking to stay in the area.” Buyers looking to build their dream home, or build a lower density development are expected to bid at the auction of the tennis court at 58 Were Street. The property at 60 Were Street, a five-bedroom, two-and-a-half bathroom house with garden surrounds includes some of the home’s original features. The asking price for the home is between $3.5 million and $3.8 million – and even though the property is larger than the tennis court, it is covered by a heritage overlay. Both properties are close to Brighton Beach, the Were Street Village and some of Melbourne’s most prestigious schools. The home is being sold by Marshall White in conjunction with Kay & Burton. Two auctions will be held on March 30 – the first for the tennis court at 11am and the second for the home at 1.30pm.'

Frankston is set for continued growth with the past few years performing strong. Frankston experienced a 19.5% growth rate between July 2016 to July 2017. Frankston unit prices also increased by 16.3% in the 2017-18 financial year. Frankston also had the highest land value increase in Melbourne in 2018 with a 42% growth in land prices. Overall Frankston in 2017 saw an influx of out-of-area buyers, a sharp fall in listings, rising auction sales and shorter days on market. This caused high property price growth. The lack of supply of listings also continued in 2018 making the market still competitive. Also, buyer demand continued to be equally strong in 2018 as it was in 2017. In 2018 Frankston also had a strong rental market with very few listings which attracted many investors to the area. Several homes sold after just one inspection in early 2018 and 18 Margate Ave, Frankston received 16 offers. Early 2018 proved to be a peak selling season with low supply and high demand. NAB’s Residential Property Survey also picked Frankston in 2017 and 2018 to be a property hotspot with above average property price growth. In 2018 91% of Frankston properties sold above their listed price to be the 2nd best performing suburb in Melbourne. This was followed by nearby Langwarrin at 83% and Mornington at 78% also on the top 8 suburbs list. Over the June quarter of 2018 Frankston was 1 of 3 suburbs to record no losses from resales which shows the strength of the market. Frankston has also been a very active market in 2018 with a total of 894 sales for the year. Frankston also had a strong 70% clearance rate in late 2018 compared to the broader Melbourne market. Frankston High School was also ranked in the top 90 schools in Melbourne in 2018 which has made the school zoned areas and specifically Frankston South more popular and added an $80,000 premium in the zone. Frankston South vendor scores with high-achieving school zone location - realestate.com.au https://www.realestate.com.au/news/high-sale-prices-in-frankston-school-zone/ 'Affordable prices and a wide choice of homes has helped the Frankston region withstand the full impact of a softening market in 2018. Agents noted Frankston suburbs still attract many homebuyers, investors and developers from outside and within the area.' 'The top end of the Frankston market was also set to perform well with demand still strong and supply limited in spring of 2018. Agents said quality listings above $800,000 to those seeking seven-figure sales should continue to perform well. “We expect some properties to do really well and these are in blue-chip locations in Frankston South and which are tightly held and attract buyers,” Ray White Frankston director Ashley Weston said.' Frankston is also attracting Melbourne buyers to the top end of the market with a beachfront property held on for 112 years selling above $2 million in late 2017. A a 1920s house at 10-12 Somme Ave, Frankston, sold for an impressive $3.4 million in December of 2017 showing demand in the premium segment. 6 Yamala Drive in Frankston South also took just 10 days to sell for $4.35 million in the desirable Olivers Hill area. Luxury homes continued to be popular in 2018 with a variety of successful sales in the $1.3m - $2m price bracket in Frankston South. Frankston South boasts some award winning designed homes. Frankston South and specifically Olivers Hill has become more popular being the gateway to the Mornington Peninsula and enjoying the halo effect of Mount Eliza. The area is also expected to become more accessible and connected to Melbourne with the new Mordialloc Freeway set to reduce the commute to the area by 10-15mins. The proposed Frankston Flyer including construction of a third track between Frankston and Moorabbin to create express services along the Frankston line will also improve the commute. Strong population growth is projected to see Frankston have almost the same size population as Hobart today in 2035. In the shorter term, Frankston will experience strong economic growth and employment with the biggest suburban hospital rebuild in Victoria’s history starting next year with a 11-storey tower in Frankston Hospital at a cost of $562 million. This will provide 1000 jobs during construction and over 500 long-term local jobs for doctors, nurses, allied health professionals. The train line extension business case will be completed early this year so plans are likely to come soon. This will mean both state and federal parties will have all committed to the project. Labor vows to extend Frankston line sooner. Albanese said Labor would seek to begin soon after the completion of the project’s business case in early 2019. The new health and education precinct will also see the Chisholm Tafe development finished soon as well as the Monash Peninsula’s six-storey 150-room student accommodation building scheduled to open in the next few months. Monash Peninsula's Rehabilitation, Aging and Independent Living Centre will also open in 2019. First-home and outside buyers to lift Frankston market First-home and out-of-area buyers are expected to keep the Frankston market ticking over in the new year. Buyer inquiries and listing numbers were strong towards the end of last year and should augur well for the area in 2019, OBrien Frankston director Andrew Milne said. First-home and outside buyers to lift Frankston market - realestate.com.au Projects supported by the committee for greater Frankston C4GF in 2018 – the year in review - Committee for Greater Frankston Highest proportion of resales for gain in Melbourne Frankston: 100% of sales made gains, $243,000 median profit, $112.23m total value of profit Melbourne’s bulletproof property markets revealed by new report - realestate.com.au Frankston and Frankston South have also maintained a consistent 70% auction clearance rate for the whole of 2018. Frankston South and Frankston also have good DSR scores for property investment. Frankston had the highest unit price growth in 2018 (+11.9% to a median price of $445,000) in Melbourne. Nearby Mt Martha also gained the title of top house price growth in 2018 (+12.3% to $1,100,500). Frankston had the biggest boost in median unit price across Melbourne last year, with individual buyers and investors among those driving prices. Melbourne’s price growth stars revealed In a market analysis on Hotspotting, industry watcher Terry Ryder said the cheaper end of the market (mostly the outer ring suburbs) are still rising – and some of them are rising strongly. Some of the regions with multiple suburbs recording solid price growth are the local government area of Frankston, Hume and Casey. In other words, its mostly the outer-ring areas which are still delivering strong price growth. (7th February 2019).

Inside $17.5m Flinders record challenger 'A sprawling Flinders country estate is poised to top the eye-watering local record set by a modern architectural marvel sold by rich lister family The Besens The Steven Akehurst-designed house on 9.7ha at 183 Musk Creek Rd property is on two titles and has hit the market for the first time since it was built three decades ago. If it achieves its mammoth $17.5 million price hopes, it would be Flinders’ top home sale. The record of $17 million is held by 2270 Mornington-Flinders Rd, a seven-bedroom home on 29.7ha called Miramar, which sold in April 2017. That weekender was sold by Daniel and Danielle Besen, of the Sussan Group fashion chain empire, who also sold Victoria’s former most expensive house in Toorak, and was bought by Good Guys boss Andrew Muir in a deal brokered by Peninsula Sotheby’s Rob Curtain. The Musk Creek Rd property features a villa-style house designed by Melbourne-based Akehurst, who is well-known for his luxury home creations, including several located on the Mornington Peninsula. “The house is among the earliest homes designed by Akehurst and is beautifully maintained with fabulous gardens,” Kay & Burton Flinders partner Tom Barr-Smith said. “It has a very private and quiet setting and is located on probably the best street in Flinders.” Apart from the main five-bedroom home, there is also a retreat with three bedrooms, sheds, workshops, paddocks, two dams and a mod grass tennis court. The serene property stars with a gorgeous rose garden and also formal hedged gardens. The bonus for the buyer is the potential to build another home on its own title on the property, Mr Barr-Smith said. “Such large properties on the peninsula on two titles are sought after and there will be either international buyers or wealthy locals interested,” he noted. The property captures stunning vistas of the hills and valleys. It is divided on two equal 4.85ha allotments, with the main house set behind a circular driveway. The double-storey home features a reception hallway, multiple living zones, an elegant kitchen with butler’s pantry, cellar, indoor pool, six-car garage and outdoor entertainment areas. Five ensuites and bathrooms service the five bathrooms, and finishes include travertine and tallow wood floors which are complemented with walls of windows and French doors. The separate cottage is picturesque with an entertainment veranda and is ideal to house guests or extended family.' https://www.realestate.com.au/news/inside-175m-flinders-record-challenger/

23 FEB 2019 'Cashed-up Melbourne buyers are behind Mt Martha’s steady start to the selling season in 2019. After a pause in buyer activity from last September, a steady stream of sales in the popular Mornington Peninsula suburb has brought smiles to agents and vendors. “The suburb has performed well since Christmas and we have seen six to seven sales reported each week, which is great considering the broader market performance,” Danckert agency director Sam Danckert said. “I have sold seven in Mt Martha so far this year which is on par with last year,” Mr Danckert said. “Six of the sales have gone to Baby Boomers from the city and suburbs like Kew and Hawthorn.” The sales include a vacant block at 37 Bay Rd which fetched $1.19 million, recording a 19 per cent price gain over two years for the vendor. Another buyer from Kew has splashed $2.5 million for a luxury weekender at 327 Esplanade. The majority of the pool for top-tier Mt Martha properties were mature buyers from affluent Melbourne suburbs, Mr Danckert noted. There were also more buyers who spent three or four days a week working in the city and lived on the peninsula the rest of the week, Warlimont & Nutt director Trent Cameron said. Mt Cameron recently sold 16 Pacific Tce for the suburb’s top price this year of $2.95 million. “It was on the market for three weeks and had three offers, with the Melbourne buyer intending to rent it out for 12 months before moving in,” Mr Cameron said. Another city-based buyer picked up 7 Edward Grove for $1.22 million after just one week on the market It had four offers from buyers attracted to the renovated home with bay views. The suburb reported a median house price of $1.01 million in the 12 months to last November, CoreLogic figures show. The median price has risen 40 per cent over a three-year period.' https://www.realestate.com.au/news/city-buyers-drive-mt-martha-sales/

Victoria is Australia’s best wine region https://www.independent.co.uk/travel/ausandpacific/victoria-australia-wine-tasting-region-mornington-peninsula-montalto-a8442411.html Why the peninsula is Australia's dining star https://www.goodfood.com.au/eat-out/good-food-guides/good-mornington-why-the-peninsula-is-australias-dining-star-20180921-h15p1t Mornington Peninsula’s ultimate foodie destinations https://www.goodfood.com.au/eat-out/good-food-guides/good-mornington-why-the-peninsula-is-australias-dining-star-20180921-h15p1t Mornington Peninsula is where you find Australia's best wine 3 Best Day Trips from Melbourne https://www.cntraveler.com/gallery/best-day-trips-from-melbourne Why the Mornington Peninsula’s hinterland is the perfect 48 hour escape https://www.vogue.com.au/travel/destinations/why-the-mornington-peninsulas-hinterland-is-the-perfect-48-hour-escape/image-gallery/458f4aeaeeae033edaeacd152c774a74 Why You Should Explore Australia’s Mornington Peninsula https://www.winemag.com/2017/08/08/exploring-australias-mornington-peninsula/

Metropolitan top 10 1. Cottesloe, Perth, Western Australia 2. Noosa Main Beach, Sunshine Coast, Queensland 3. Yarra Bay, Sydney, New South Wales 4. Port Noarlunga, Adelaide, South Australia 5. Freshwater, Sydney, New South Wales 6. Portsea, Mornington peninsula, Victoria 7. Bondi, Sydney, New South Wales 8. Balmoral, Sydney, New South Wales 9. Port Willunga beach, Fleurieu peninsula, South Australia 10. Bronte, Sydney, New South Wales https://soperth.com.au/perth-beaches-best-in-australia-25511

The Mornington Peninsula is ideal for providing a SE bayside lifestyle at a more affordable price.