bayside

‘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.’

'Beach and prestige locale boost Kunyung Rd into most viewed streets (15 NOV 2018) ‘With the beach for a playground, it is little wonder that Kunyung Rd properties are among the nation’s most viewed listings. The Mt Eliza stretch joins two other Mornington Peninsula roads on a list of most popular streets with homes for sale on realestate.com.au. Kunyung Rd’s tightly held properties, with just four sales so far this year, also make it sought-after among house hunters. The realestate.com.au data was collected from a three-year period. “The road has some beautiful homes, well-known owners and landmark properties which would account for the interest on the street,” RT Edgar Mt Eliza director Vicki Sayers said. RT Edgar sold a home located towards the end of the street near the water at No. 6 which had drawn huge interest. The long-held property attracted 300 people on auction day in April and sold for almost $900,000 above the reserve for $3.59 million. “This property would have driven a lot of traffic online,” Ms Sayers said. “And there was also the publicity around the former Ansett Estate.” The well-known estate on 22.3ha sits on four titles at the corner of Kunyung Rd and Albatross Ave and fetched about $33 million when it sold last year. A retirement-living operator bought it. A similar business also paid about $40 million for the former University of Melbourne Business School campus along Kunyung Rd. The 8.9ha site with beach frontage features conference facilities, offices, dining facilities plus a bar, vineyard, tennis and volleyball courts and residential accommodation. “Kunyung Rd has some of the best properties in Mt Eliza,” Ms Sayers said. “Kunyung Primary School is very popular and would have led many family buyers to check out the street’s properties.” It is a long street with modest and very expensive homes, with properties without water views costing considerably less and entry-level home prices starting from $800,000, TJ Sparks Mt Eliza director Terry Sparks said. “Homes closer to the water probably start at $2.5 million,” Mr Sparks said. He cited one client who paid $2.5 million for a block to demolish the existing dwelling and build a new home. There were four houses listed on realestate.com.au as of November 13. They included No. 43, which has a price guide above $1.6 million and comes with panoramic water views. That immaculately maintained four-bedroom home with a pool has been held for almost four decades by the same family. The street had one outstanding sale this year, with a street record price of $4.5 million set by 2-4 Kunyung Rd. It was sold in January by Nicholas Lynch. The stunning clifftop home was on the market for the first time and features luxury details and finishes, resort-style facilities and an elevator.’

''HOMEOWNERS in the Mornington Peninsula are embracing the renovation sensation, spending almost $200 million in the past financial year. The bulk of the spend at $165 million was on the peninsula, with $33 million in the Frankston region, the latest Australian Bureau of Statistics figures for the 2017-2018 financial year revealed. Point Nepean-Rosebud area, which covers Portsea, Sorrento, Rye and Blairgowrie among others, accounted for $58 million worth of makeovers. Local agents said the popularity of television shows like The Block, higher buyer expectations and better sale prices were among the reasons for the rise in renovations. “Many owners renovate for their own benefit while others want to get better prices when they sell,” Danckert Real Estate director Sam Danckert said. “It is now rare that a vendor will not agree to present a property well prior to sale,” he said. The agency sold a renovated Prescott Ave, Mt Martha, house for $2.95 million earlier this year. “The vendor had paid $1.6 million for it in 2016, made cosmetic changes and had the gardens done up and it sold for almost twice the purchase price.” Owners should know where to invest their renovation dollars to get the best return, and agents suggested kitchens and bathrooms as the most common areas for makeovers. “Buyers coming here have money to spend and want a home that is ready and renovations already done for them,” Harcourts Mt Eliza sales manager Jayme Wallison said. “Vendors can maximise their returns with renovations and a $30,000-$40,000 spend can return $100,000.” A renovated home at 113 Winona Rd, Mt Eliza, sold for $1.65 million recently and had been a $725,000 purchase, giving the vendors a huge price gain over eight years, Ms Wallison said. 1 Millbank Drive in the same suburb had a $40,000 makeover on a $1.05 million purchase in 2016. It then had a fresh coat of paintwork added and the outdoors spruced up, fetching $1.55 million this June. “In areas that are tightly held, more and more older homes are being bought and renovated for sale,” she added. The cooler market conditions mean that well-presented and renovated homes are exceeding expectations and getting multiple offers, Eview Joel Hood director Joel Hood said. “Properties that are not well-presented stay on the market for longer because they do not attract buyers,” Mr Hood said. He noted more agents were offering services related to styling or renovating to improve properties. “This is to leverage better returns for vendors and we recommend staging even for ordinary properties,” he added.’

Williamstown, Altona, Newport and Point Cook are the main areas with a decent size english population. Generally the bayside suburbs have a larger British community. Crime is definitely a big factor to consider in the western suburbs.

Speaking of tourists, the Mornington Peninsula had a 20% increase in tourists in 2018 compared to the previous year. This really shows the growth in popularity of the area.

No. I'm simply familiar with the area and read the news. I enjoy analysing the property market too

Outsiders and locals kept Mornington Peninsula prices steady in spring 2018 ‘QUICK sales, packed inspections and outsider demand should see Mornington Peninsula sellers continue do well this spring. While prices and sales in many Melbourne regions have slowed, local agents said the peninsula was a very different market and still performing strongly. Mornington and Dromana were recently listed among top-performing Melbourne suburbs for price growth, according to the Real Estate Institute of Victoria. “The peninsula continues to attract buyers from Melbourne suburbs and we saw a stronger winter market this year compared to last year,” agency director Nicholas Lynch said. “There are few signs of a slowdown in the peninsula and for example, Mornington is among the most search suburbs on realestate.com.au.” Mr Lynch noted that high demand and limited supply meant prices would remain strong in the region. He cited a recent off-market Mornington sale of almost $2 million, with the property fetching $1.6 million just 12 months earlier. “This price gain of $380,000 in a short time shows the strength of properties and the demand,” Mr Lynch said. Three recent Mt Eliza along Mather Rd also pointed to a healthy market, agents said. No. 53 Mather Rd sold in a week to a local buyer with a price guide of $1.3-$1.4 million. In August, No. 95 had 60 groups at the inspections for RT Edgar Mt Eliza and the mid-century home fetched $1.575 million. It had interest from overseas and city buyers and sold beyond its $1.4 million-$1.54 million guide. The agency also sold 104 Mather Rd in August for $1.29 million to a local buyer. Meanwhile, a three-bedroom Mornington unit on 375sq m at 1/7 Barkly St had its first inspection on September 1, attracting 40 groups. It had five offers soon after because it represented “good value and had a good location”, RT Edgar Mt Eliza director Vicki Sayers said. “There is no doom and gloom here on the peninsula. Some heat might have come off the market but sellers are still getting strong prices and homes are selling quickly.” She nominated Mt Eliza, Mt Martha and Mornington as suburbs which should perform well this spring because of demand from family buyers and also investors. In Mornington, the median house price was $882,000 in the year to June, with a quarterly change of 15.4 per cent, according to REIV figures. Dromana’s median house price was up 10 per cent to $830,000 over the same period. “We see all property segments doing well because of the range of buyers heading to the peninsula,” Mr Lynch said, He expected prices would continue to rise due to demand and because the peninsula was “becoming a destination of choice for buyers from the city, interstate and also overseas”.’ https://www.realestate.com.au/news/outsiders-and-locals-to-keep-mornington-peninsula-prices-steady-in-spring/

Here are photos of Mornington

‘Near perfect gains for Mornington Peninsula sellers – September 20 2018 ‘MORNINGTON PENINSULA home sellers chalked up $264 million in profits in the June quarter to emerge among the top Melbourne council regions. And at 99.5 per cent, nearly all the peninsula’s sellers made profits, with a median gain of $341,500, according to the latest CoreLogic Pain and Gain report. In contrast, “with dwelling values continuing to fall throughout the city, the share of houses and units resold for a loss rose over the quarter” across Melbourne, the report noted. The news was also good in neighbouring Frankston, where 100 per cent of June quarter sellers made a profit, totalling $158 million. Local agents have noted the peninsula’s properties have been undervalued for a long time and were attracting cashed-up buyers from other suburbs and those seeking a sea or tree change. Many peninsula houses have chalked up annual median price gains of 15-20 per cent, giving sellers large profits. “There is plenty of doom and gloom in the Melbourne market, but not in the Mornington Peninsula,” Vicki Sayers of RT Edgar Mt Eliza said. “The changed market elsewhere will actually make the peninsula’s properties more attractive to buyers and investors.” She noted that while “some heat has come off the local market”, the limited supply of listings and still strong demand from local and outside buyers would reward sellers. Impact Realty Group director James Merchan said losses from resales were often due to being forced to sell, for example, due to a marriage breakdown or an unexpected event. “Anyone who sells will be in profit territory unless they overpaid or purchased recently and are forced to sell,” Mr Merchan said. “I would be shocked if anyone who sold in the last 12 years would have made a loss.” In Mt Eliza, two homes on the same street which were purchased in 2011 sold earlier this year with large price gains for the vendors, Mr Merchan said. No. 129 Mountain View Rd fetched $1.28 million in March, after being purchased for $685,000, while No. 68 sold for $870,000 after being bought for just $512,000. Another Mt Eliza house at 48 Humphries Rd gained $933,500 between sales when it fetched $1.595 million in May. It had undergone a renovation, which boosted the strong result.’

Mt Eliza's exclusive Golden Mile

NAPLAN scores

Here are the best performing suburbs in Victoria and best performing regions in Australia.

Melbourne has vastly more to offer

The inner-eastern and south-eastern suburbs are the best areas.

Mount Waverley has really popular schools and is very family friendly. However, places like Box Hill and Glen Waverley are very popular with the Chinese.

Nearby Kew is also really affluent and a nicely tree-lined area.

Chinese = Box Hill, Blackburn, Glen Waverley, Doncaster and Clayton British = Mount Eliza, Mornington, Mount Martha, Safety Beach and Bangholme (Mornington Peninsula) Indian = Glen Waverley, Endeavour Hills, Hampton Park, Narre Warren and Clayton Jewish with North Caulfield, Caulfield, St. Kilda East, Middle Eastern with Northern and South Western Suburbs Lebanese with Brunswick, Broadmeadows, Coburg, Fawkner

Along the bayside suburbs or you could try the inner-eastern suburbs around Hawthorn, Caulfield or Kew. Bentleigh also may be more affordable but isn't nearly as affluent. I would suggest the Mornington Peninsula too but the only nearest train station is Frankston.

Hawthorn is in the exclusive inner eastern suburbs. It is very affluent and has stunning tree-lined streets. Not heavily multicultural either. Great place to stay and live.

'RICHMOND’S Highett St has trumped prestigious stretches in Portsea and Brighton to be revealed as Melbourne’s most popular street among househunters. New data shows homes on the strip — running parallel to Bridge Rd and stretching from West Richmond train station to Burnley St — have attracted more views on realestate.com.au than any other street in the city over the past three years. Also in demand were Mt Eliza’s Watts Pde, a block back from Canadian Bay beach, Kew’s Wiltshire Drive, within the historic Willsmere Estate on the site of a former asylum, and Yarraville’s Francis St, the suburb’s busiest and most affordable row. Black Rock’s Beach Rd, Mt Eliza’s Kunyung Rd, Portsea’s Point Nepean Rd, Patterson Lakes’ Palm Beach Drive, Brighton’s North Rd and Donvale’s Old Warrandyte Rd rounded out Melbourne’s top 10. Realestate.com.au chief economist Nerida Conisbee said the desirable streets were all in “aspirational suburbs” and offered a mix of water views, large houses and closeness to amenities. Melbourne’s most popular streets among househunters 1. Highett St, Richmond 2. Watts Pde, Mt Eliza 3. Wiltshire Drive, Kew 4. Francis St, Yarraville 5. Beach Rd, Black Rock 6. Kunyung Rd, Mt Eliza 7. Point Nepean Rd, Portsea 8. Palm Beach Rd, Patterson Lakes 9. North Rd, Brighton 10. Old Warrandyte Rd, Donvale Source: realestate.com.au, based on property views over the three years to September 30. Streets must have had at least 10 properties listed for sale over that period'

It is better in person you really have to see it for yourself! Not just in summer. In winter the inland wineries around popular Red Hill are stunning! The new Mordialloc Freeway is set to make the commute that much more easier with travel time reductions of 10mins minimum. This is particularly good for those traveling via the Mornington Peninsula Link.

Mt Martha, Mornington and Mt Eliza are significantly better suburbs than Langwarrin. Mt Eliza specifically has the best schools. Toorak College and Peninsula Grammar have been ranked within the top 50 schools in Melbourne. Mornington also has plenty of good schools with expansion. Padua College has undergone an extension redevelopment and so has the local primary school. Balcombe Grammar School is also a good choice with ultra modern facilities and great teachers. Plus these beachside suburbs are very popular with families and have one of the highest population of UK-born migrants.