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In a handful of blue-chip suburbs located in Melbourne’s east, property prices have corrected to mid-boom levels following the recent sharp correction, according to a recent Herron Todd White (HTW) residential report. 
The report notes that Balwyn North and Kew are two of the eight suburbs in Melbourne where the median house price is similar to that of the 2015 property market.
A 1960s home at 2<a href="https://www.realestate.com.au/sold/property-house-vic-kew-131537478" target="_blank"> Victor Avenue, Kew</a> has recently been sold for $1.6 million.
Surrounded by garden and alfresco decking, the single level home comprises four bedrooms living room with fireplace, updated kitchen and four car parking.
It's within close proximity to elite schools, trams, shopping precincts and parklands.
While the pressure of the property market has eased in recent months, the types of property available on the market such as detached dwellings and apartments etc largely remain the same despite lots of residential developments taking place in Box Hill and Ringwood at the moment.
"This is very different from large englobo estate developments that are happening in areas with an abundance of vacant land available such as Truganina, Melton and Werribee," the valuation firm said. 
"Of the properties in Melbourne’s eastern region, around 33% are owned outright or mortgaged, with 20% of housing comprised of townhouses or semi-detached homes and 33% of residential properties being high-rise apartments."
The eastern suburbs are proving to be popular with first home buyers due to the number of schools located in the region.
Catchment areas of elite government schools such as Camberwell High School are highly sought after.
The report suggests suburbs such as Ringwood and Mitcham in the outer east will most likely be more desirable as the median house price for those suburbs is $830,000 and $920,000 respectively.
These suburbs boast great access to coffee shops, restaurants, gyms and health clubs that is highly desirable and are also very close to transport and schools.
Some of the most popular and desirable areas include Kew, Hawthorn, Camberwell and Balwyn.
Travelling into the city by train from Hawthorn and Camberwell takes 15 and 25 minutes.
"This short trip is not only a selling point for those who commute to corporate jobs in the city but also allows their children access to quick transport to school via tram or train. This drives the price of homes in these areas upwards," the valuation comments. 
The Hawthorn median house price sits at $2,192,500 and Camberwell’s median house price is $1,955,000.
This market is geared towards established families or couples who are well resourced and are able to afford the choices of lifestyle that come with living in the eastern suburbs of Melbourne.
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A three bedroom townhouse at 2/51 Cobden Street, Kew (pictured above) has recently been sold for $1,275,000.
The home comprises three bedrooms, study or fourth bedroom, upstairs retreat or lounge, living and dining areas and courtyard garden. 
It is close to High Street shops and restaurants, trams, recreation centre, and schools. 
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j.ballantyne1990-6AQqhLzZaK

Balwyn North and Kew prices correct to mid-boom levels: HTW residential 

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The resort style home of fashion stylist Beate Tierney at Kew, Victoria has been listed for sale with $4.6 million to $5 million hopes. 
Desiree Wakim and Hamish Tostevin of Marshall White Boroondara have the listing.
Recently refurbished, the contemporary home at <a href="https://www.realestate.com.au/property-house-vic-kew-131290850" target="_blank">19 Stoke Avenue</a> has living space over three levels, overlooking a north-facing entertaining terrace and solar-heated pool.
The six-bedroom house comes with light-filled living, dining room, art deluxe kitchen, two bedrooms on the ground floor, with a wraparound balcony on two sides.
Upstairs are four of the bedrooms with a north-facing balcony overlooking the treetops.
The lower ground floor is completed with the cinema, sauna, gym and a covered alfresco area leading out to the pool.
Additional features include alarm, hydronic heating and heating flooring in bathrooms, plantation shutters, ample storage and internally accessed triple carport.
Fashion stylist Beate Tierney has lived here since 2012.
The expressions of interest campaign for the home ends June 24. 
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firstname1-iYD4UYzvBa

Fashion stylist Beate Tierney lists Kew resort style home 

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Private school fees will be thrown in to entice families to buy into the Overture Kew development.
Three years tuition — worth close to $100,000 — will be offered to buyers of properties at the <a href="https://www.realestate.com.au/project/overture-kew-600022034" target="_blank">Barenya Court project</a>. 
The leading private schools each cost more than $30,000 annually from year 7, at Xavier College, Trinity Grammar, Ruyton, Methodist Ladies College and Carey Grammar School.
Nelson Alexander Kew agent Cameron Ingram said the 25 townhouses and four penthouses, which cost upwards of $1.7 million, were an opportunity for buyers to break into the blue-chip suburb. 
“We’re trying to offer families in the market a chance to move into Kew and get closer to the type of education they want for their kids,” Ingram told The Herald Sun. 
“These new homes are all family-sized, with three or four bedrooms and garages, and they are a stone’s throw from the schools.” 
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Mr Ingram said the deal was also available to grandparents or investors, who wanted to cover fees for children not living at the address.
Payments could also be made for primary school and divided between multiple children.
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<div class="vjs-poster">The high-end properties are due to be finished by the end of next year, set within Craig Eldridge landscaped gardens. </div>
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<div class="vjs-poster">The marketing began last September. The offer only runs until June 6.</div>
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<div class="vjs-poster">Since 2009, CHH Property has had a series of projects created in collaboration with partners at Bruce Henderson Architects.</div>
<div class="vjs-poster">CHH paid $3 million for the site in 2016.</div>
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Overture, Kew offers three year private school fees to entice townhouse buyers

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Irwell, an 1890 stately residence at Kew, Victoria is has been listed for sale with a price guide between $10.5 million to $11 million.
It has been offered by Robert Fletcher and Robyn Feigen from Kay &amp; Burton. 
Situated on one of Studley Park’s most renowned boulevards, the house at <a href="https://www.realestate.com.au/property-house-vic-kew-130416270" target="_blank">27 Barry Street </a>comes with entertainer's kitchen, four bedrooms, three bathrooms, formal lounge with gas fire, grand dining room, fireside library and family living. 
Other features of Irwell include 3.6m ceilings, dressing room, expansive gardens, hydronic heating, and double garage. 
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It is surrounded by outstanding schools, Kew Junction shopping, transport options plus endless Yarra trails and parklands.
The suburb's median house price sits at <a href="/news">$2.15 million</a>, according to CoreLogic. 
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jrobinson-rf4aSBido9

Irwell, Kew listed with $11 million hopes

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A new residence atop the Yarra Boulevard escarpment in Kew’s Studley Park precinct is now on the market.
Edition Office, Flack Studio and Eckersley Garden Architecture are leading the project which boasts uninterrupted views of the Yarra River and Yarra Bend Golf Course, as well as the rolling hills of Mount Macedon.
The project, Fenwick comprises of three separate pavilions with two town homes, three apartments and five apartments respectively.
50% of the Fenwick site is dedicated to landscaping.
ANGLE Development Manager, Marcus Boscarato, said Fenwick will be of interest to both professionals and downsizers who love nature but need to live near the city, as well as those who value good design.
Fenwick is a 15-minute drive from CBD and a short walk to Kew Junction.
“Due to the restrictive planning controls, in particular, the heritage overlay, and the lack of properties changing hands in this precinct, Fenwick is literally one-of-a-kind and those familiar with the area will know how rare these properties truly are,” Boscarato said.
Interest has been noted as strong with prices ranging from $2.5 million to $5 million.
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New Yarra Boulevard development Fenwick hits the market 

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Local developer ANGLE has seen strong demand for its TATE townhomes, with 50% sales success achieved in the first four weeks of launching. Located at 200 Cotham Road Kew, TATE comprises eight townhomes available in three and four-bedroom configurations, designed to provide purchasers with an accessible product in an otherwise tightly held and traditionally unaffordable precinct.

Designed by Cera Stribley Architects, TATE's design is characterised by a return to craftmanship - utilising handmade bricks, fluted glass, aged brass, crafted joinery and custom-designed wardrobes. ANGLE has sought to imbue a sense of 'home' within each residence, attracting a mix of families, as well as local owner-occupiers looking to capitalise on the unique offering available.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/tate_interiors.jpg" rel="gallery-all" title="TATE's interior. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/tate_interiors.jpg?itok=TgXU7zV2" title="TATE's interior. Image: Supplied" width="580"></a>

<figcaption>TATE's interior. Image: Supplied</figcaption></figure>The townhomes range in size from 175 sqm to 210 sqm of internal area plus expansive courtyards designed by Eckersley Garden Architecture, with over half of the residences dedicating an entire top floor to the master suite, with living room ceilings soaring to 3m high.

According to ANGLE, TATE provides purchasers with an "individually crafted home that offers an unrivalled level of specification."

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TATE is designed for individuals, couples, downsizers and families who are seeking an architecturally beautiful residence within a prime location. As such, we’ve collaborated with like-minded partners who understand the calibre of design required for this precinct.

It's incredibly hard to build a new home in Kew’s Sackville Ward due to restrictive planning controls and the ever-increasing amount of heritage overlays being implemented, with less than 5% of the area available for development of anything but free-standing single dwelling homes.

Local owner-occupiers and those in neighbouring suburbs who understand this have been quick to enquire and purchase.

- Lachie Gibson, ANGLE Director
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Seeking to provide a point of difference to other properties within the area, Domenic Cerantonio of Cera Stribley Architects says TATE is larger and better proportioned in terms of width, which ultimately allows for more natural light and a greater sense of spaciousness.

TATE adds to Kew's healthy development pipeline, with Urban.com.au currently tracking 17 projects in the leafy suburb.

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Laurence Dragomir

TATE townhomes prove to be a sales success for ANGLE

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Kew’s exclusive Sackville Ward precinct is set to welcome eight townhouses that draw inspiration from Tate Modern, the most-visited art gallery in the world.
Designed by Cera Stribley Architects, Tate will feature handmade bricks, fluted glass features, brass trimmings, traditional proportioning and symmetry throughout, including crafted joinery and custom-designed wardrobes from furniture pioneer, Poliform.
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A collection of three and four bedroom homes ranging in size from 230 sqm to 287 sqm.
Over half of the residences dedicate an entire top floor to the master suite.
Domenic Cerantonio of Cera Stribley Architects said Tate draws inspiration from Kew’s Edwardian, angular roof forms.
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“These angles in the interiors create a confident sense of entry to each residence, really emphasising that feeling of ‘coming home’," Cerantonio said.
“The brickwork and strong masonry that is synonymous with heritage homes in Kew is something that was important to capture."
There’s an option for buyers to have a lift that goes from the basement parking through to the top of each residence.
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ANGLE development manager Marcus Boscarato said no other project in Kew offers the same level of detail and specification as Tate, with developments being few and far between due to the suburb’s heritage overlay and tight zoning controls.
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“Tate has been designed with both downsizers and families alike who either live in the local area or have aspirations to be close to the plethora of private schools that are within a 1km walk from your front door. 
Another collaborator on the project is Eckersley Garden Architecture, who have designed a secluded entry feature along with courtyards for each home ranging in size up to 60sqm, complemented by a crafted concrete seating bench.
Other collaborators include Gaggenau appliances and feature lights by Archier. 
Townhouses range in price from $1.895 million to $2.25 million and will officially launch to market in late October.
For more information <a href="https://www.tatekew.com.au/" target="_blank">click here.</a>
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Tate, the Kew townhouses inspired by London art gallery Tate Modern

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A Kew architect designed house is on the market with a $3,395,000 asking price.
It has been listed by Peter Vigano and Daniel Joyce from Jellis Craig, and has been scheduled for auction on September 12.
It last sold in 2013 for $1.42 million.
The home references the modernist era throughout light-bathed flexible-use spaces designed for living, working and entertaining.
Positioned at <a href="https://www.realestate.com.au/property-house-vic-kew-129068150" target="_blank">2 Yarra Street</a>, it features three bedrooms,  free-flowing living and dining areas, entertainer's Corian/Miele kitchen, and north terrace. 
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Other highlights include computer work station, hydronic heating, custom air-conditioning, BOSE technology, future proof wiring, and double garage plus workshop.
It's within close proximity to Yarra parklands, exceptional schools, Kew shopping and transport.
The suburb's median house price sits at <a href="/news">$2.2 million</a>, according to CoreLogic. 
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Modernist architect-designed Kew trophy home on the market

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Kew's Butleigh Wootton has been sold.
The property at 867 Glenferrie Road, had been listed through Savills.
Savills sold the 2,836 sqm holding for an undisclosed price to a local buyer.
Butleigh Wootton, a Kew Icon had been listed by mortgagees with an indicative selling price of $10 million to $11 million.
It is offered by Clinton Baxter and Nick Peden from Savills.
<a href="https://www.realestate.com.au/property/867-glenferrie-rd-kew-vic-3101" target="_blank">Located at 867 Glenferrie Road</a>, the 1880's mansion over three levels comes with seven bedrooms, large commercial kitchen and extensive wine cellaring. 
It is only a short walk from the bustling Glenferrie Road retail precinct with trams, trains and buses nearby.
With 19 on-site car spaces, this property provides unlimited potential and would ideally suit education, medical, hospitality, residential or entertainment/leisure uses.
The suburb's median house price is <a href="/news">2.2 million</a>, according to CoreLogic. 
It is one of Melbourne’s most important 1880’s mansions and was most recently used as a residence, with a long history as a successful reception centre.
The expansive residence set over three levels featuring seven bedrooms, large commercial kitchen and extensive wine cellaring has a full 36m of Glenferrie Road frontage.
Just a short walk from the Glenferrie Road retail precinct with trams, trains and buses nearby. With 19 on-site car spaces and significant surplus land, this property provides a great deal of potential and could suit education, medical, hospitality, residential or entertainment/leisure uses.
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Kew landholding, Butleigh Wootton, sold by Savills

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Butleigh Wootton, a Kew Icon and historical landmark on a 2,836 sqm land has been listed by mortgagees with an indicative selling price of $10 million to $11 million.
It is offered by Clinton Baxter and Nick Peden from Savills.
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/property-house-vic-kew-127655082" target="_blank">Located at 867 Glenferrie Road</a>, the 1880's mansion over three levels comes with seven bedrooms, large commercial kitchen and extensive wine cellaring. 
It is only a short walk from the bustling Glenferrie Road retail precinct with trams, trains and buses nearby.
With 19 on-site car spaces, this property provides unlimited potential and would ideally suit education, medical, hospitality, residential or entertainment/leisure uses.
The suburb's median house price is 2.2 million, according to CoreLogic. 
 
 
 
 
 
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