bayside

18 DEC 2018

'A wider spread of buyers and affordable homes should see the Mornington Peninsula ride the trend of buyer uncertainty.

Expatriate and interstate buyers keen to own property in the peninsula, and buyers from Melbourne and inner bayside and eastern suburbs, will continue to keep demand healthy, according to local agents.

“This is in addition to locals who are upsizing or downsizing within the peninsula,” Nicholas Lynch, who has been involved in real estate for three decades, said.

“Some pockets have seen some levelling off in prices but overall demand is still very strong.” 

The region, Mr Lynch said, had not felt the full impact of the softening Melbourne market.

“The market here has always been different and there was strong spring and summer listings and, in fact, supply cannot meet the demand,” he said.

With prices affordable when compared with bayside suburbs, peninsula home are attractive to those buyers seeking a sea or tree-change, he added.

At the southern end of the peninsula, Kay & Burton Portsea director Liz Jensen noted prices had remained steady.

“The prices have been consistent and homes are selling mainly within the quoted range and in some cases, competition led to stronger results,” Ms Jensen said.

The peninsula market, once traditionally active in the autumn, spring and summer months and with a lull in winter, has now become a year-round market.

Some agents said more vendors were selling in winter due to less competition and demand.

“We saw good competition this year and most of our sales over the past 12 months have seen more than one buyer per property,” Ms Jensen said.

Agents noted a surge in listings in late spring, with vendors keen to close deals prior to Christmas.'

There was also growing interest in lesser known suburbs in 2018. 

While demand in a traditional buyer favourite such as Sorrento remained steady over the year, more buyers popped up in Portsea, Ms Jensen said.

“The stretch of beachside Sorrento has always been popular among buyers, but we are seeing more interest in Portsea although the homes are more expensive,” she said.

It has been estimated that 40% of houses on the Mornignton Peninsula are holiday houses. That means that there is a higher chance that they were permanents. In 2016 there were almost 1000 people living in Red Hill. It isn't really a long way out if the residents are employed in the local economy. Especially if you work in one of the nearby wineries or in hospitality! 

Yes! It really has and the new extension of the Link via the Mordialloc Freeway is set to cut 10-15mins off of the trip and make the Mornington Peninsula more desirable those suburbs such as Mt Eliza and Mornington closest to Melbourne more popular for commuters. 

The Mornington Peninsula has great schools. Mt Eliza has the most British immigrants living in the suburb on any suburb. The Mornington Peninsula is also renowned for it being popular with english migrants with 12% of the population being UK born. Mt Eliza is the most liveable suburb in the area also with the best schools. 

Peninsula Grammar in Mt Eliza is an excellent school with great staff and high achieving students. The facilities are also very modern and the campus is very expansive. Peninsula Grammar is one of the top 50 private schools in Melbourne for VCE performance and was ranked 42nd in the state. The primary school is also one of the highest performing in Mt Eliza.

Toorak College is one of the top 50 schools in Melbourne for VCE and academic performance. The school was even ranked 30th in the state for VCE performance since 2014. The school is renowned for excellence in teaching and the students are very high achievers. Toorak College also has modern facilities with the new Science and Technology Centre coming in 2018. The primary school is also ranked 25th in Melbourne being the most highly ranked school in Mt Eliza.

Nearby Padua on the border of the suburb is also the 6th largest school in Victoria with 3 campuses across the peninsula. Good teachers with modern facilities and expansion. Padua College has a newly built 2018 Year 10-12 Learning Centre. The school has also undergone extensive renovation in the past year. A Performing Arts Centre, dedicated STEAM Learning Centre and an additional Year 10-12 Learning Centre are also coming soon.

Mt Eliza Primary School is also a great school with caring teachers and friendly students. The school has also been recently renovated with an additional $2,940,000 funding for modern school buildings to be built by early 2019. The tree-lined campus is also really beautiful! Mt Eliza Primary School is definitely up there with nearby Peninsula Grammar and Toorak College.

Mt Eliza north primary also has many amenities with a large campus in the Woodlands area. 

Kunyung Primary School is also particularly popular with a bay-view and beach frontage on one of the most popular streets in Australia. Kim Jackson is excellent and they are a model school for the IB program, known internationally which is very impressive. Similarly, St Thomas More Primary has an amazing view of the bay and city skyline along with the Dandenong ranges. The school is great with a new early learning centre on the campus. Students are friendly and teaches are great.

Mornington Primary School is also newly built and expanded with modern facilities including a multipurpose hall/gym and arts centre.  new atrium and library connecting all wings of the new building. The new buildings also include various indoor and outdoor learning spaces (outdoor including shade sails and large decks). New music rooms, arts centre and canteen. 

Balcombe Grammar School is the newest school in the area with great teaches and really modern facilities. The new senior centre is also due for completion in 2019. 

There really are awesome schools on the Mornington Peninsula with some serious growth.

The Olivers Hill area is nice and affordable however Mt Eliza has more amenities and really nice beaches without highways nearby. Really scenic and quiet area which is popular with familes and easily commutable to Melbourne.

The Mornington Peninsula has great schools. Mt Eliza has the most British immigrants living in the suburb on any suburb. The Mornington Peninsula is also renowned for it being popular with english migrants with 12% of the population being UK born. Mt Eliza is the most liveable suburb in the area also with the best schools. 

Peninsula Grammar in Mt Eliza is an excellent school with great staff and high achieving students. The facilities are also very modern and the campus is very expansive. Peninsula Grammar is one of the top 50 private schools in Melbourne for VCE performance and was ranked 42nd in the state. The primary school is also one of the highest performing in Mt Eliza.

Toorak College is one of the top 50 schools in Melbourne for VCE and academic performance. The school was even ranked 30th in the state for VCE performance since 2014. The school is renowned for excellence in teaching and the students are very high achievers. Toorak College also has modern facilities with the new Science and Technology Centre coming in 2018. The primary school is also ranked 25th in Melbourne being the most highly ranked school in Mt Eliza.

Nearby Padua on the border of the suburb is also the 6th largest school in Victoria with 3 campuses across the peninsula. Good teachers with modern facilities and expansion. Padua College has a newly built 2018 Year 10-12 Learning Centre. The school has also undergone extensive renovation in the past year. A Performing Arts Centre, dedicated STEAM Learning Centre and an additional Year 10-12 Learning Centre are also coming soon.

Mt Eliza Primary School is also a great school with caring teachers and friendly students. The school has also been recently renovated with an additional $2,940,000 funding for modern school buildings to be built by early 2019. The tree-lined campus is also really beautiful! Mt Eliza Primary School is definitely up there with nearby Peninsula Grammar and Toorak College.

Mt Eliza north primary also has many amenities with a large campus in the Woodlands area. 

Kunyung Primary School is also particularly popular with a bay-view and beach frontage on one of the most popular streets in Australia. Kim Jackson is excellent and they are a model school for the IB program, known internationally which is very impressive. Similarly, St Thomas More Primary has an amazing view of the bay and city skyline along with the Dandenong ranges. The school is great with a new early learning centre on the campus. Students are friendly and teaches are great.

Mornington Primary School is also newly built and expanded with modern facilities including a multipurpose hall/gym and arts centre.  new atrium and library connecting all wings of the new building. The new buildings also include various indoor and outdoor learning spaces (outdoor including shade sails and large decks). New music rooms, arts centre and canteen. 

Balcombe Grammar School is the newest school in the area with great teaches and really modern facilities. The new senior centre is also due for completion in 2019. 

There really are awesome schools on the Mornington Peninsula with some serious growth.

Mount Eliza is the most liveable suburb on the Mornington Peninsula.

Melbourne is the main source of new comers to the area. As commuters become more adaptably to a longer commute and the rise of working from home, the Mornington Peninsula is fast becoming apart of Melbourne. The new Mordialloc Freeway is also set to make commuting to the area more than 10-15mins quicker making the area that much more desirable. For families Mt Eliza has the most high performing and quality schools and is the most liveable suburb on the peninsula.

Sommerville is the better option however Mornington and Mt Eliza are more popular and have more going for them. Not to mention 13% of Mt Eliza and Mornington are british migrants being the highest of any suburb in Melbourne.

Mornington, Mt Eliza and Mt Martha are great areas to live. Mt Eliza is the most liveability though based on high quality schools, shopping and accessibility to Melbourne.

Mt Eliza is a beautiful and popular area. Rents have actually risen the most on the Mornington Peninsula when compared to anywhere in Melbourne.

Try to stick to the south-east of Frankston or right new the bay. Frankston South is also really nice.

The Mornington Peninsula is a great place to live near the beach in Mornington, Mt Eliza and Mt Martha.

Peninsula Grammar in Mt Eliza is an excellent school with great staff and high achieving students. The facilities are also very modern and the campus is very expansive. Peninsula Grammar is one of the top 50 private schools in Melbourne for VCE performance and was ranked 42nd in the state. The primary school is also one of the highest performing in Mt Eliza.

Toorak College is one of the top 50 schools in Melbourne for VCE and academic performance. The school was even ranked 30th in the state for VCE performance since 2014. The school is renowned for excellence in teaching and the students are very high achievers. Toorak College also has modern facilities with the new Science and Technology Centre coming in 2018. The primary school is also ranked 25th in Melbourne being the most highly ranked school in Mt Eliza.

Nearby Padua on the border of the suburb is also the 6th largest school in Victoria with 3 campuses across the peninsula. Good teachers with modern facilities and expansion. Padua College has a newly built 2018 Year 10-12 Learning Centre. The school has also undergone extensive renovation in the past year. A Performing Arts Centre, dedicated STEAM Learning Centre and an additional Year 10-12 Learning Centre are also coming soon.

Mt Eliza Primary School is also a great school with caring teachers and friendly students. The school has also been recently renovated with an additional $2,940,000 funding for modern school buildings to be built by early 2019. The tree-lined campus is also really beautiful! Mt Eliza Primary School is definitely up there with nearby Peninsula Grammar and Toorak College.

Mt Eliza north primary also has many amenities with a large campus in the Woodlands area. 

Kunyung Primary School is also particularly popular with a bay-view and beach frontage on one of the most popular streets in Australia. Kim Jackson is excellent and they are a model school for the IB program, known internationally which is very impressive. Similarly, St Thomas More Primary has an amazing view of the bay and city skyline along with the Dandenong ranges. The school is great with a new early learning centre on the campus. Students are friendly and teaches are great.

Mornington Primary School is also newly built and expanded with modern facilities including a multipurpose hall/gym and arts centre.  new atrium and library connecting all wings of the new building. The new buildings also include various indoor and outdoor learning spaces (outdoor including shade sails and large decks). New music rooms, arts centre and canteen. 

Balcombe Grammar School is the newest school in the area with great teaches and really modern facilities. The new senior centre is also due for completion in 2019. 

There really are awesome schools on the Mornington Peninsula with some serious growth.

Mount Eliza and the Mornington Peninsula is a beautiful area to live. The ultimate bayside living for families and wealth retirees alike. 

Mt Eliza north primary also has many amenities with a large campus in the Woodlands area. 

Alternatively, Peninsula Grammar in Mt Eliza is an excellent school with great staff and high achieving students. The facilities are also very modern and the campus is very expansive. Peninsula Grammar is one of the top 50 private schools in Melbourne for VCE performance and was ranked 42nd in the state. The primary school is also one of the highest performing in Mt Eliza.

Toorak College is one of the top 50 schools in Melbourne for VCE and academic performance. The school was even ranked 30th in the state for VCE performance since 2014. The school is renowned for excellence in teaching and the students are very high achievers. Toorak College also has modern facilities with the new Science and Technology Centre coming in 2018. The primary school is also ranked 25th in Melbourne being the most highly ranked school in Mt Eliza.

Nearby Padua on the border of the suburb is also the 6th largest school in Victoria with 3 campuses across the peninsula. Good teachers with modern facilities and expansion. Padua College has a newly built 2018 Year 10-12 Learning Centre. The school has also undergone extensive renovation in the past year. A Performing Arts Centre, dedicated STEAM Learning Centre and an additional Year 10-12 Learning Centre are also coming soon.

Mt Eliza Primary School is also a great school with caring teachers and friendly students. The school has also been recently renovated with an additional $2,940,000 funding for modern school buildings to be built by early 2019. The tree-lined campus is also really beautiful! Mt Eliza Primary School is definitely up there with nearby Peninsula Grammar and Toorak College.

Kunyung Primary School is also particularly popular with a bay-view and beach frontage on one of the most popular streets in Australia. Kim Jackson is excellent and they are a model school for the IB program, known internationally which is very impressive. Similarly, St Thomas More Primary has an amazing view of the bay and city skyline along with the Dandenong ranges. The school is great with a new early learning centre on the campus. Students are friendly and teaches are great.

Mornington Primary School is also newly built and expanded with modern facilities including a multipurpose hall/gym and arts centre.  new atrium and library connecting all wings of the new building. The new buildings also include various indoor and outdoor learning spaces (outdoor including shade sails and large decks). New music rooms, arts centre and canteen. 

Balcombe Grammar School is the newest school in the area with great teaches and really modern facilities. The new senior centre is also due for completion in 2019. 

Here is the overall liveability of each suburb ranked:

Mornington, Mouth Martha and Mount Eliza are great areas for ideal family living by the beach. Not to mention the area has undergone significant growth and property seems to be pretty popular and valuable these days.

Peninsula Grammar in Mt Eliza is an excellent school with great staff and high achieving students. The facilities are also very modern and the campus is very expansive. Peninsula Grammar is one of the top 50 private schools in Melbourne for VCE performance and was ranked 42nd in the state. The primary school is also one of the highest performing in Mt Eliza.

Toorak College is one of the top 50 schools in Melbourne for VCE and academic performance. The school was even ranked 30th in the state for VCE performance since 2014. The school is renowned for excellence in teaching and the students are very high achievers. Toorak College also has modern facilities with the new Science and Technology Centre coming in 2018. The primary school is also ranked 25th in Melbourne being the most highly ranked school in Mt Eliza.

Nearby Padua on the border of the suburb is also the 6th largest school in Victoria with 3 campuses across the peninsula. Good teachers with modern facilities and expansion. Padua College has a newly built 2018 Year 10-12 Learning Centre. The school has also undergone extensive renovation in the past year. A Performing Arts Centre, dedicated STEAM Learning Centre and an additional Year 10-12 Learning Centre are also coming soon.

Mt Eliza Primary School is also a great school with caring teachers and friendly students. The school has also been recently renovated with an additional $2,940,000 funding for modern school buildings to be built by early 2019. The tree-lined campus is also really beautiful! Mt Eliza Primary School is definitely up there with nearby Peninsula Grammar and Toorak College.

Mt Eliza north primary also has many amenities with a large campus in the Woodlands area. 

Kunyung Primary School is also particularly popular with a bay-view and beach frontage on one of the most popular streets in Australia. Kim Jackson is excellent and they are a model school for the IB program, known internationally which is very impressive. Similarly, St Thomas More Primary has an amazing view of the bay and city skyline along with the Dandenong ranges. The school is great with a new early learning centre on the campus. Students are friendly and teaches are great.

Mornington Primary School is also newly built and expanded with modern facilities including a multipurpose hall/gym and arts centre.  new atrium and library connecting all wings of the new building. The new buildings also include various indoor and outdoor learning spaces (outdoor including shade sails and large decks). New music rooms, arts centre and canteen. 

Balcombe Grammar School is the newest school in the area with great teaches and really modern facilities. The new senior centre is also due for completion in 2019. 

There really are awesome schools on the Mornington Peninsula with some serious growth.

‘Red Hill Victoria’s most searched suburb on realestate.com.au 19 October 2018
‘WITH just 12 homes for sale and a median house price half that of Portsea, Red Hill is a suburb in high demand.

The small Mornington Peninsula suburb is the most searched among buyers in Victoria on realestate.com.au.

The property listings site’s report on the most in-demand suburbs also lists Red Hill fourth nationally, with the top 10 covered by four states.

The rankings are based on the number of views per property listed for sale on the website.

Local agents say many people are keen to enter Red Hill, which had just 731 residents in the 2011 Census.

Homes there are tightly held, with owners holding on for long periods, with a median of 13.5 years.

Just 13 sales have been recorded since the start of this year, records show.

Two recent listings have come under offer, with another dozen listed for sale on realestate.com.au as at October 19.

The beautiful surrounds and semirural feel plus a growing cafe and food scene are among the factors behind the area’s rising popularity, according to agents.

“Red Hill attracts a lot of aspirational buyers and we see more families coming here in addition to those retiring or looking for holiday homes,” Kay & Burton Flinders agent Meg Pell said.

“We find buyers are very particular about what they want and so take their time to find the right property.

“Perhaps this is why the area ranks high with searches by buyers.”

It also has a family friendly and safe image, which was attractive to buyers, Ms Pell said.

The area offers a “country lifestyle and still reasonably priced homes compared to more pricey Shoreham and Flinders”, according to RT Edgar Mt Eliza director Vicki Sayers.

“It has a great community feel and is also becoming cosmopolitan with more restaurants and cafes and markets,” Ms Sayers said.

Red Hill had a median house price of $895,000 in the 12 months to July, CoreLogic data shows. The median price has risen 39 per cent over a three-year period.

While rising strongly, the median price is still well behind the nearby suburbs of Flinders, Sorrento, Fingal and Balnarring Beach where median house prices are above $1 million. Portsea had a $1.945 million median house price over the same period.

“Red Hill is quite far from town but offers the ability to buy beautiful big homes,” realestate.com.au chief economist Nerida Conisbee said.

“Dollar per square metre you get a lot more for your money than when you move into the inner Melbourne suburbs.”

Ms Conisbee added the peninsula was “increasingly an area people are willing to commute from and there are a lot of beautiful homes there”.

“It comes down to the big homes on the big blocks but also the premium nature of properties in the area,” Ms Conisbee said.’

Flinders powers on with strong price growth and demand (19th of October 2018)

‘WITH house prices doubling in just three years and strong spring results, Flinders is among the Mornington Peninsula’s top-performing areas.

With fewer than two house sales a month, the coastal suburb is very tightly held and attracts plenty of buyers from the city and close by, according to local agents.

Flinders’ $1.65 million median house price, in the 12 months to July, places it second in the municipality after the millionaire’s playground of Portsea, CoreLogic data shows.

The median house price has jumped 100 per cent over a three-year period and gained 12.8 per cent in 12 months.

Recent sales for prices well above expectations point to the continued strength in Flinders, RT Edgar Flinders director Holly Longmuir said.

“The quick sales reflect the limited supply and strong demand,” she added.

“While the volume of inquiries is lower, inspections numbers are still good and the quality of buyers remains high.”

No. 13 King St not only sold in seven days but for well above $2 million. It had a price guide above $1.8 million, with the period-style reproduction last selling for $635,000 in 2001.

The three-bedroom house on 4072sq m has rolling hills and beautiful garden vistas with charming Federation-style details.

“Buyers need to spend at least $1.1 million to $1.2 million to get into the suburb and recent results show the market in Flinders is very much alive,” Ms Longmuir said.

A four-bedroom house at 15 Double Creek Rd fetched above its asking price of $1.2 million and gained more than $500,000 since its previous sale in 2011.

The four-bedroom house in need of an update sold to buyers looking for a holiday home.

And a block of land at 8 Barker Rd changed hands for above $1.1 million within two weeks of listing.

There were several offers for the 873sq m block close to the beach, which was on the market for the first time.

“We find that homes priced correctly sell fast and there is still strong capital growth,” Ms Longmuir said.

Flinders is listed as a high demand market by realestate.com.au with 2719 visits per property, compared with the Victorian average of 1015 visits.

There were only 10 house listings in the suburb on October 18 on realestate.com.au.

Flinders has a small population of about 1000 and recorded just 22 house sales in the year to July, sales records show.

Many homes are also sold off-market, with buyers and vendors keen to retain their privacy.’

https://www.realestate.com.au/news/flinders-powers-on-with-strong-price-growth-and-demand/

‘Baxter on Mornington Peninsula tops list of best housing growth suburbs (Sep 19 2018)

‘Baxter, an unheralded hamlet on the Mornington Peninsula offers the best prospects for house price growth, according to forecasts from housing demand index LocationScore.

The inland suburb between Frankston and Mornington, 50 kilometres from Melbourne, achieved a score of 83 out 100 on LocationScore ahead of two Melbourne suburbs, Dingley Village in the south east and Gladstone Park in the north west.

The index is compiled based on a number of factors including demand versus. supply, days on market, rental vacancy rates, vendor discount, rental yields, auction clearance rates, percentage of stock on the market, percentages of renters to owner-occupiers and online search interest.

Some investors may disagree with LocationScore’s methodology, with a report by Moody’s Analytics based on Corelogic data, suggested investors had already missed the boat on the Mornington Peninsula.

According to LocationScore, Baxter housing had the strongest demand vs supply in the list with limited vendor discounting, an auction clearance rate over 80 per cent and strong online search interest of more than 220 views per listing.

“Baxter houses are obviously an eagerly sought-after commodity,” said LocationScore director of research Jeremy Sheppard

“It’s a small suburb with limited stock and median house price of $534,000, making it a great choice for investors looking to narrow their research.

“Best of all it has lifestyle, with easy access to the Port Phillip Bay foreshore and excellent facilities in adjacent suburbs.”

Despite expectations that Melbourne house prices will weaken further over the next year, the city had the top three suburbs on the LocationScore list, which included the three top spots for growth in the five major capital cities.’

Clifftop stunner sets benchmark on peninsula (DECEMBER 12, 2018)

'A breathtaking clifftop property in Mt Eliza has changed hands for a “benchmark” price after multiple offers were placed from a private database of well-heeled clients.

A breathtaking clifftop property in Mt Eliza has changed hands for a “benchmark” $6.75 million after multiple offers were placed from a private database of well-heeled clients.

The elegant four-bedroom home on expansive grounds at 10 Marathon Drive took only seven days to sell privately for the suburb’s highest residential sum that CoreLogic records show.

But secretive off market deals between the financial elite done behind closed doors mean it’s a “benchmark” price for the Mornington Peninsula suburb, rather than a record.

The next highest figure records show is $6.6 million for 10 Watts Pde in September.

Aqua director Michelle Skoglund said she had a “large portfolio of buyers” she notified when “a clifftop property or a property of uniqueness” came up along the coastal stretch.
“I have an extensive group of buyers that are from $5-$10 million,” she said.

They were predominantly interested in Mt Eliza’s top end real estate “due to the proximity to the CBD and the options with commuting back to the city”.

Gorgeous uninterrupted views of the bay can be enjoyed from an array of perches around the 6000sq m estate, which sold last month.

Heavy use of stone and timber defines the immaculate residence, which features a conservatory, third floor bedroom, sunroom, and formal and casual living and dining zones.

Mature gardens add to the privacy, which the home’s only owners have enjoyed since 1991, when they bought the site for $15,000, CoreLogic records show.

“I’ve had five (clifftop properties listed) this year and they’ve all gone within a week or two of going to market,” Ms Skoglund said.'

https://www.news.com.au/finance/real-estate/melbourne-vic/clifftop-stunner-sets-benchmark-on-peninsula/news-story/0af749e63768a88e091368324c4e94f9

'

‘Top end of Mornington Peninsula market powering on (02 NOV 2018)
‘A LATE start to the spring selling season has added spark to the top end in the Mornington Peninsula.

In the peninsula’s southernmost areas, RT Edgar Flinders sold almost $14 million in 10 days to close October.

This included two homes in Shoreham and Flinders for around $3.5 million each and a celebrity garden property in Flinders for over $4.5 million.

Around Mt Eliza and Mt Martha, one agency, McEwing & Partners, chalked up eight sales over eight days in October.

The prestige segment of the market was still performing well and was quite distinct from the overall Melbourne market, according to local agents.

They noted the peninsula attracted more cashed-up buyers from the city and inner bayside suburbs looking for holiday homes or larger prestige properties.

The auction clearance rates for more affordable properties on the peninsula has however dipped in line with Melbourne’s clearance rates, with more homes being passed in or sold after negotiations.

McEwing & Partners director Dean Phillips said the agency had four sales in the mid-$2 million range and one well above $3 million in eight days.

“This spring season has started later but it is strong with buyers still coming from the city,” Mr Phillips said.

“The peninsula is a steady market and the genuine spring market starts in October.”

He cited 6 Taylor Cres, Mt Martha, which sold for $2.32 million to a family who had recently returned from holidays in Italy.

The Mediterranean-style luxury home steps to the beach features towering ceilings and resort-style amenities.

“The buyers simply had to have the property and had competition from two other buyers,” Mr Phillips said. The property previously sold in 2006 for $875,000 giving it a price gain of almost $1.5 million between sales, records show.

RT Edgar Flinders director Holly Longmuir said the agency not only had strong seven-figure sales in October but also saw a late surge in holiday rental bookings.

“The high-end market has not stopped and seems to be similar to last year. But holiday-makers have been late in making their bookings for the coming season,” Ms Longmuir said.

The agency recently auctioned Musk Cottage in Flinders, an acreage owned by garden design guru Rick Eckersley, on Sunday, October 28.

“This was a true spring auction with a good crowd, strong bidding and lots of flair from the auctioneer,” she said.

The 371 Musk Creek Rd property sailed well above its $4-$4.2 million price guide to sell for just over $4.5 million to a Melbourne-based buyer as a weekender.

Another lively auction in Sorrento the same weekend saw a beachside property, on the market for the first time ever, fetch $2.365 million — more than $450,000 above reserve.'

‘Mt Eliza’s Watts Parade a must-see prestige spot near the water (08 NOV 2018)
‘WATTS Parade’s prestige homes and coveted location close to a beautiful beach in Mt Eliza has seen many house hunters check out its properties.

The street is lined with multimillion-dollar homes with stunning water views and is second after a Richmond street on a new list of Melbourne’s most popular stretches.

New data shows properties along Watts Pde, just steps to the famed Canadian Bay beach, have attracted plenty of views on realestate.com.au over the past three years.

Realestate.com.au chief economist Nerida Conisbee said areas such as Watts Pde “offered a mix of water views, large houses and closeness to amenities”.

Sought-after streets in Mt Eliza, she noted, are “areas that have water views” where “most of the houses are quite luxurious”.

“There are quite a few people out there having a sticky beak at them,” Ms Conisbee said.

It was not a surprise that Watts Pde attracted so many views, local agents said.

Prominent owners, some very expensive listings and a Golden Mile location, all contributed to the street’s popularity, Vicki Sayers of RT Edgar Mt Eliza said.

“Although it can be a busy road at times, it offers significant and large landholdings and is also tightly held,” Ms Sayers said.

Veteran Mt Eliza agent Terry Sparks said one of the most prominent past landowners was the late Sir Laurence Hartnett, the engineer dubbed the ‘The Father of the Holden’.

In the 1930s, the Hartnett family bought a then rural acreage along Watts Pde and built a mansion called Rubra as a weekender and family retreat.

Like many other large allotments, the property was subdivided into smaller housing lots.

“It is a historic area with many period homes and some with better water views than others,” Mr Sparks said.

The sale in September of 19 Watts Pde for $6.6 million is Mt Eliza’s top sale so far this year.

Listed for sale with a price guide of $6.3-$6.5 million is 28 Watts Pde, a grand tri-level home with spectacular views and resort-style features.’