Balwyn

Enso is a new development comprising four two-storey townhouses and one single-storey home in the inner-east Melbourne suburb of Balwyn.

Perfectly placed within the leafy neighbourhood, the five generously proportioned&nbsp;parkside residences have been delivered by Melstone to promote a peaceful lifestyle.

[smartcode_project:default project_id=27328 project_image_fid=175441]

&ldquo;A gentle&nbsp;pace characterises this prestige community, highly sought-after for its&nbsp;pretty period homes, well-regarded schools and peaceful parklands&rdquo;, the development is marketed as.

Designed by Parallel Workshop, each townhome boasts a double garage, outdoor terrace and private gardens complementary to neighbouring Beckett Park.

Timeless fa&ccedil;ades are elegantly detailed, with vertical lines, soft timber finishes, herringbone underfoot, Gaggenau appliances and contemporary joinery pieces.

[smartcode_project:default project_id=27328 project_image_fid=175444]

High ceilings in the interior make each living space feel generous and luxurious, while earthy tones and an art deco feel provide elegance and harmony with nature.

Each townhome sits on a lot between 316sqm to 433sqm, offering total internal areas of between 159sqm and 322sqm.

According to the statement of information filed in 2019, the homes are listed from $1.995 million.

Enso&rsquo;s location in Balwyn provides an exemplary mix&nbsp;of ease and tranquillity, the developers note.

[smartcode_project:default project_id=27328 project_image_fid=175445]

A 15-minute walk&nbsp;through tree-lined streets leads to Balwyn&rsquo;s shopping&nbsp;strip, where a selection of shops and caf&eacute;s tempt&nbsp;locals.

The historic&nbsp;Palace Balwyn cinema is abound with art-deco charm;&nbsp;where classic lines and decorative flourishes adorn&nbsp;the fa&ccedil;ade.

The 109 tram servicing Whitehorse Road&nbsp;takes you all the way to Melbourne&rsquo;s CBD in 30&nbsp;minutes, making accessibility a breeze.

[smartcode_project_cta: project_id=27328]

Perfectly placed within the leafy neighbourhood, the five generously proportioned parkside residences have been delivered by Melstone to promote a peaceful lifestyle

max.kwok_55688

Just five parkside townhouses in Balwyn's luxury Enso development

Enveloping Melbourne&rsquo;s much-loved eastern suburbs, the City of Boroondara boasts a stylish, refined atmosphere perfect for families.

The lovely, leafy region lies only five kilometres east of the Melbourne CBD, making it a popular residential area.

Its become highly competitive over the last decade thanks to its quaint shopping strips, lush parks, period homes and excellent schools.

Urban takes a look at three family homes on the market in the Boroondara LGA now.

1. Hawthorn Park, Hawthorn East 
Address: 33 Camberwell Road, Hawthorn East VIC 3123 
Four-bedroom apartments from $1,872,000

[smartcode_project:default project_id=3730 project_image_fid=158928]

Delivered by the Dahua Group, Hawthorn Park comprises 368 residences spread across seven floors and five buildings.

The development reimagines the norm of apartment living, featuring floor to ceiling windows and large garden balconies providing private vistas of the communal park.

Designed by Rothelowman, the project boasts unparalleled amenities - from Melbourne&#39;s first sky pool, theatre rooms, a stunning sky lounge and approximately 2000 sqm of parkland curated by landscape architect&nbsp;<a href="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_self">Jack Merlo</a>.&nbsp;

2. Elision, Kew 
Address: 68 Walpole Street, Kew VIC 3101 
Four-bedroom townhomes from $2,520,000

[smartcode_project:default project_id=5804 project_image_fid=35695]

Elision homes epitomise world-class design with breathtaking luxury, proudly positioned on tree-lined Walpole Street in the heart of Kew.

Each of the 14 luxury townhouses in the collection offers wide open spaces, finely crafted details and simple yet bold forms.

Designed by CHT Architects, the homes feature high ceilings, spacious rooms, neutral tones and ground floor courtyards.

3. 60 Relowe Crescent, Mont Albert 
Address: 60 Relowe Crescent, Mont Albert VIC 3129 
Four-bedroom apartments from $1,540,000

[smartcode_project:default project_id=25409 project_image_fid=133518]

Situated in Mont Albert, the Relowe Residence delivers homebuyers luxury design in an ideal Melbourne location.

The development is surrounded by opulent sunshine and fantastic landscaping, as well as retail, dining and lifestyle amenities.

The home&rsquo;s layout features oak timber flooring, quality carpet, alfresco entertaining areas and a northerly oriented courtyard, complete with compact lawn areas and low-maintenance landscaped gardens.

The City of Boroondara boasts a stylish, refined atmosphere perfect for families

Top four-bedroom family homes in Melbourne’s Boroondara from $1.54 million

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The boutique townhouse development Boston in Melbourne's Balwyn has seen half of its townhouses snapped up before construction commences in the coming months.

Marshall White's director of projects Leonard Teplin puts the sales success down to the coveted location of Boston, set in the heart of Balwyn on Boston Road.

"Coveted locations like Balwyn lead the market for any property resurgence," Teplin says.

Teplin says buyers are already benefitting from the house price growth Melbourne is currently seeing, which is more prevalent at the top end of the market, according to CoreLogic.

"Buyers who have already gone ahead and considered opportunities such as Boston as a way to own a four bedroom brand new home from $2.15 million, where new homes on a standard quarter acres block are now well ahead of this mark in famous streets like Boston Rd.

"It’s a chance to lock in a new home purchase today, where any capital grown shown from the day of sale till settlement is then for the buyers benefit.

[smartcode_project:default project_id=29046]

Boston, a boutique development of just seven townhouses delivered by JT Property Group, has been designed by Mim Design with the deep-rooted wine history of Balwyn considered.

In 1859, vigneron Andrew Murray bought 103 acres of land to realise his dream of producing world-class wines. He named his estate Balwyn, combining ‘Bal’ (Gaelic for home) and ‘Wyn’ (a Saxon word for vine) to create ‘the home of the vine’.

"We are exceptionally proud of our design for Boston — the period details that give the homes character and the contemporary elements that provide incredible comfort," Mim Design principal Mim Fanning said.

"Every detail within Boston is bespoke and high-end, from the angle of a timber stair to the curved stone of an island bench.”

<a href="https://www.urban.com.au/new-apartments/boston-16-boston-road-balwyn"><img alt="" height="1021" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/boston_3.jpg" width="1600"></a>

The seven townhouse sit in landscaping by John Patrick Landscape.

Teplin advises that all of the buyers so far are owner-occupiers.

"Some currently live within a two kilometre radius of Balwyn , others grew up in the area and having now moved further out are keen to return and provide their children the same family environment and schooling opportunities that they grew up in," Teplin says.

 
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Marshall White's director of projects Leonard Teplin puts the sales success down to the coveted location of Boston

Joel Robinson

Luxury Balwyn townhouse development Boston over 50 per cent sold as construction looms

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The five-bedroom Mark Richards designed home at Balwyn has been listed for sale.
Set 10km east of Melbourne CBD, Marshall White have $5 million to $5.3 million hopes.
The Boston Road home was built in 2005 making the most of its northerly aspect with generous glazing across three levels.
<img src="https://www.urban.com.au/images/2020/5/26/Mark%20rich%202.JPG" alt="">
 There is a chef’s kitchen.
The home comes with a home cinema, landscaped gardens, spa, external games room, four-car basement garage, cellar and gym.  
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j.ballantyne1990-6AQqhLzZaK

Mark Richards-designed Balwyn trophy home listed

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A Balwyn home has hit the market with $5 million hopes. 
With 925 sqm, the property features an astounding five-bedrooms and six-bathrooms and a grand entrance. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%204.07.37%20pm.png" alt="">
An abundance of natural light fills the gas-heated indoor pool and spa to provide year round entertaining. 
The lavish home also offers premium features such as the private sauna, cinema room and Putting Green. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%204.07.24%20pm.png" alt="">
Located at <a href="https://www.realestate.com.au/property-house-vic-balwyn-133499586">306 Union Road</a>, this home is just minutes from East Balwyn villages and the 109 tram, as well as Melbourne’s leading private schools. 
The home is listed by Nicholas Scott’s Rob Caniglia with a price guide of $4,950,000 to $5,445,000. 
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Balwyn trophy home hit the market seeking $5 million

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2014 is still motoring along very strongly. The lull we reported of the last few weeks seems to have been nothing more than another stair landing in the continuously rising price-staircase which began in October 2012.
This weekend was another Super Saturday, with over 150 auctions in Melbourne’s inner east and Bayside. It was a very solid test, in that bidders were spread out over a large number of auctions – i.e. there was significant choice. The bidder depth held up, in fact it increased marginally with over two bidders per auction on average – this is strong.
If you look at the roughly 200 $1 million plus auctions that took place across all of Melbourne, an average of two bidders means that not only were there 200 buyers, there were also 200 bidders who missed out. Most of those “wounded” bidders are not discretionary buyers – they have to buy and next time they will be more aggressive on price, even if only a tad.
<blockquote>
For a number of our Chinese clients, one of the reasons we are engaged is that they are concerned what other Chinese buyers may do and they don’t want to miss out.
</blockquote>
However, after next week it gets very tight for new stock going into the school holidays and Easter. So the pool of choice will diminish. That means many of those 200 “wounded underbidders” may well be competing against you over Easter but on lower stock levels. That means we’re likely to see 200 underbidders competing not on 200 homes, but on, say, 100 good homes which would double the bidders. If that number is spread out over 50 good homes, that will be four times the bidder strength we saw this weekend.
So what to do as a buyer? Maybe it’s time to wait until the steam goes out of the market?
For those buyers still waiting on the edge for a downturn – good luck. I’m not sure that is a proven good strategy.
But surely it can’t last forever!
Why has our market been so good for so long and will it last?
The Chinese community – simple demand and supply
The reason our market has been so good for so long is very simple – the overseas Chinese community.
Here are the top 10 reported sales on Saturday.
The Top 10 reported on Saturday
<ul>
<li>14 Selwyn Av, ELWOOD – Above $3,600,000</li>
<li>
21 Monash Av, BALWYN – $3,520,000</li>
<li>17 Rolls Ct, GLEN WAVERLEY – $3,416,000</li>
<li>
65 Metung St, BALWYN Above $3,200,000</li>
<li>30 Wills St, KEW Above $3,000,000</li>
<li>4 Mt Ida Av, HAWTHORN EAST  $3,235,500</li>
<li>69 Alfred Cr, FITZROY NORTH  $3,140,000</li>
<li>
2 Barnsbury Rd, BALWYN Above $3,000,000</li>
<li>9 Fairfield Av, CAMBERWELL  $2,888,000</li>
<li>
65 Yarrbat Av, BALWYN $2,850,000</li>
</ul>
40% of those sales were in <a href="https://www.urban.com.au/property-observer" target="_blank">Balwyn</a> for new homes or land blocks to build new homes. Where is <a href="https://www.urban.com.au/property-observer" target="_blank">Brighton</a>, where is <a href="https://www.urban.com.au/property-observer" target="_blank">Toorak</a>? <a href="https://www.urban.com.au/property-observer" target="_blank">North Balwyn</a> and Balwyn reported 13 bought from a reported 15 auctions. Brighton had 9 bought from 16 and Toorak and <a href="https://www.urban.com.au/property-observer" target="_blank">South Yarra</a> just 7 from 12.
So how long will it last?
This is my potted history of Chinese involvement in Melbourne’s property market.
1973: I went to Camberwell Grammar in the early 1970s (I’m not sure they want me to advertise that fact – it could be bad for new enrolments). Camberwell Grammar is in Balwyn and a number of my classmates at that time were Chinese.
1983: Chinese start buying into Doncaster and Box Hill, which were then more affordable suburbs. I grew up in Doncaster.
1993: After economic reforms start having an impact in China, wealthy overseas Chinese start buying into premium Melbourne suburbs such as Balwyn and <a href="https://www.urban.com.au/property-observer" target="_blank">Canterbury</a>. Why? Private schools. Chinese people want to give their children the best education (see 1973) and now a few could also afford to buy a home near the schools of their choice such as Carey, MLC, Scotch and Camberwell Grammar. But it was still difficult under Australian buying laws for overseas people.
2000: With restrictions on what Chinese people could buy and Chinese wealth increasing, off the plan properties became popular for many Chinese buyers. There were very few restrictions on Chinese people buying new properties and Chinese people were used to buying new apartments. High rises went up left, right and centre in Melbourne, many on the back of Chinese money.
2005: Chinese wealth had increased dramatically over the last two decades and as Chinese buyers became wealthier they also became more sophisticated in their knowledge about Melbourne properties and Toorak became a place where land banking became popular. It still is today.
2009: Australian government changes the laws making buying “second-hand” family homes in Australia a lot easier for Chinese people. This one decision really brought the inner Melbourne property market out of the GFC a lot quicker than other countries.
2013: By this time, every one of the bigger buying or selling real estate agencies, ourselves included, has at least one Mandarin-speaking staff member.
2014 : At this weekend’s Super Saturday, 40% of our Top 10 $3m+ sales were in Balwyn, rather than Toorak or Brighton.
So in my 55 year history I have seen this equation of simple demand (increasing Chinese buyers) versus supply (no new land in inner Melbourne) push prices up and up and up. I cannot see anything changing anytime soon. So waiting for the market to turn in 1970, 1980, 1990, 2000 and 2010 hasn’t in my mind proven to be a winning strategy. If you see the right home for you (emotionally, physically and financially) then you should buy it now.
You may be interested to know that for a number of our Chinese clients, one of the reasons we are engaged is that they are concerned what other Chinese buyers may do and they don’t want to miss out.
Auctions in Bayside see around half  the number of people attending as in Boroondara. A good auction in Brighton has 40 people while in Kew it would be 80. The Chinese community is nowhere near as well established in Bayside as it is in Boroondara.
Why not? There are some great private schools in Bayside! St Leonards, Haileybury, Caulfield Grammar.
Its a historical thing. But you can see more and more Chinese people considering say other areas such as Brighton when:
<ul>
<li>Chinese people become more comfortable with Bayside as a place to live, and</li>
<li>Demand in Boroondara and then Stonnington forces some Chinese people to consider other options.</li>
</ul>
Over time the Chinese community demand and supply equation will have the same effect in Bayside as it has had in Boroondara, unless China’s wealth begins to diminish.
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maljames-vHwm28JUAa

Chinese buyers in Melbourne: A simple case of supply and demand

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A clearance rate of 67% was recorded over the weekend compared to 69% last weekend and 65% this weekend last year.
There were 1172 auctions reported to the REIV with 780 selling. The top sale was when <a href="https://www.realestateview.com.au/Real-Estate/66-gordon-street-balwyn/Property-Details-buy-residential-9699536" target="_blank">66 Gordon Street, Balwyn </a>(above) fetched $4,880,000. It was last sold at $3.3 million in 2009 to Chinese buyers after being built in 2008 as a six bedroom, five bathroom home.
Next weekend is expected to be one of the highest on record, with around 1,750 auctions scheduled. The current record was set on October25-26 last year, when 1,682 auctions were held. 
TOP 5 HOUSES
1. 66 Gordon Street, Balwyn $4,880,000
2. 28 Cosham Street, Brighton $3,925,000
3. 16 Belmont Avenue, Kew $3,905,000
4. 6 Black Street, Brighton $3,675,000
5. 12 Angle Road, Deepdene $3,410,000
 
TOP 5 BARGAIN HOUSES
1. 20 Wyuna Street, Rosebud West $275,000
2. 28 Paroo Avenue, Roxburgh Park $342,000
3. 27 Warne Street, Coolaroo $346,000
4. 5 Mitford Crescent, Craigieburn $348,000
5. 11 Gander Street, Doreen $350,000
 
TOP 5 APARTMENTS
1. 217-219 Dryburgh Street, North Melbourne $2,370,000
2. 2306/229 Toorak Road, South Yarra $1,550,000
3. 2A Bayview Street, Elsternwick $1,500,000
4. 4 Clapham Street, Balwyn $1,473,000
5. 1/32 Bogong Avenue, Glen Waverley $1,420,000
 
TOP 5 BARGAIN APARTMENTS
1. 9/73 Kingsville Street, Kingsville $228,000
2. 5/243 Murrumbeena Road, Murrumbeena $249,000
3. 15/745 Barkly Street, West Footscray $265,000
4. 7/55 Pender Street, Thornbury $280,500
5. 3/1 Mattea Court, Reservoir $281,000
 
Source <a href="https://www.urban.com.au/property-observer" target="_blank">REIV</a> 
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jchancellor-FAypfDUnLy

Balwyn tops the sales as Melbourne clearance rate slips to 67%: REIV

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Melbourne's most expensive home reported over the weekend was sold pre-auction at Balwyn, according to the REIV.
The property at <a href="https://www.realestateview.com.au/Real-Estate/66-gordon-street-balwyn/Property-Details-sold-residential-9699536" target="_blank">66 Gordon St, Balwyn</a> was sold for $4.8 million through James Huang of Phillip Webb Doncaster. 
The six bedroom contemporary home last traded for $3.3 million in 2009. 
The French provincial residence sits on a 724 sqm block on one of Balwyn's most exclusive streets, a short walk to transport and numerous prestigious schooling options.
The estate includes two gated driveways, manicured gardens and a sandstone courtyard accompanied by an alfresco deck and pool.
The finishes include a timber and iron staircase, open fire lounge and Feng-Shui elements.
Balwyn sits third among the 87 suburbs in Melbourne that had a median house price in excess of a million dollars in September quarter 2015, according to the REIV. 
 
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="160">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Suburb"]'>Suburb</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='[null,2,"Sep-15 Median"]'>Sep-15 Median</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TOORAK"]'>TOORAK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,3950000]">$3,950,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CANTERBURY"]'>CANTERBURY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2430500]">$2,430,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN"]'>BALWYN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2281000]">$2,281,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON"]'>BRIGHTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2222500]">$2,222,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ARMADALE*"]'>ARMADALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2185000]">$2,185,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW"]'>KEW</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2080000]">$2,080,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN"]'>HAWTHORN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2053000]">$2,053,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT*"]'>MONT ALBERT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2035000]">$2,035,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN*"]'>MALVERN*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1985000]">$1,985,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAMBERWELL"]'>CAMBERWELL</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1883000]">$1,883,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORTSEA*"]'>PORTSEA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1875000]">$1,875,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SURREY HILLS"]'>SURREY HILLS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1865000]">$1,865,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN NORTH"]'>BALWYN NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1855000]">$1,855,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"EAGLEMONT*"]'>EAGLEMONT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1850000]">$1,850,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD NORTH"]'>CAULFIELD NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1841000]">$1,841,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH YARRA"]'>SOUTH YARRA</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1800000]">$1,800,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN IRIS"]'>GLEN IRIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1785000]">$1,785,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ALBERT PARK"]'>ALBERT PARK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1747500]">$1,747,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"IVANHOE EAST*"]'>IVANHOE EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1745000]">$1,745,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAMPTON*"]'>HAMPTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1725500]">$1,725,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD*"]'>CAULFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1712000]">$1,712,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SANDRINGHAM*"]'>SANDRINGHAM*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1670000]">$1,670,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN EAST"]'>HAWTHORN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1661250]">$1,661,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT NORTH*"]'>MONT ALBERT NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1650000]">$1,650,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MCKINNON*"]'>MCKINNON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1630000]">$1,630,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON EAST"]'>BRIGHTON EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1625000]">$1,625,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW EAST"]'>KEW EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1618000]">$1,618,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACK ROCK*"]'>BLACK ROCK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1600000]">$1,600,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN EAST"]'>MALVERN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1600000]">$1,600,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL*"]'>BOX HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1574000]">$1,574,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELWOOD*"]'>ELWOOD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1540000]">$1,540,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHBURTON*"]'>ASHBURTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1485000]">$1,485,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ORMOND*"]'>ORMOND*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1460000]">$1,460,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PARK ORCHARDS*"]'>PARK ORCHARDS*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1445750]">$1,445,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ALPHINGTON*"]'>ALPHINGTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1430000]">$1,430,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BEAUMARIS"]'>BEAUMARIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1410000]">$1,410,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA EAST*"]'>ST KILDA EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1382500]">$1,382,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOUNT WAVERLEY"]'>MOUNT WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1380000]">$1,380,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELSTERNWICK*"]'>ELSTERNWICK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1375000]">$1,375,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY*"]'>FITZROY*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1363000]">$1,363,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN"]'>BLACKBURN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1330000]">$1,330,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"IVANHOE"]'>IVANHOE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1330000]">$1,330,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONVALE"]'>DONVALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1325000]">$1,325,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN WAVERLEY"]'>GLEN WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1319000]">$1,319,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE"]'>TEMPLESTOWE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1316000]">$1,316,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORT MELBOURNE"]'>PORT MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1305000]">$1,305,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER"]'>DONCASTER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1298000]">$1,298,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARNEGIE*"]'>CARNEGIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1292500]">$1,292,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHWOOD*"]'>ASHWOOD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1290000]">$1,290,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PRAHRAN"]'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1290000]">$1,290,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON*"]'>CARLTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1271000]">$1,271,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALACLAVA*"]'>BALACLAVA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1268000]">$1,268,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MURRUMBEENA*"]'>MURRUMBEENA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1257500]">$1,257,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH"]'>BENTLEIGH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1255000]">$1,255,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD SOUTH"]'>CAULFIELD SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1235000]">$1,235,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER EAST"]'>DONCASTER EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1232000]">$1,232,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY NORTH*"]'>FITZROY NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1228000]">$1,228,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BURWOOD"]'>BURWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1222500]">$1,222,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON NORTH*"]'>CARLTON NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1222000]">$1,222,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WINDSOR*"]'>WINDSOR*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1215000]">$1,215,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL SOUTH"]'>BOX HILL SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1207500]">$1,207,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA*"]'>ST KILDA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1206000]">$1,206,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ABERFELDIE*"]'>ABERFELDIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1203750]">$1,203,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLIFTON HILL*"]'>CLIFTON HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1200000]">$1,200,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PLENTY*"]'>PLENTY*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1200000]">$1,200,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HUGHESDALE*"]'>HUGHESDALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1195000]">$1,195,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NORTHCOTE"]'>NORTHCOTE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1138900]">$1,138,900</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"OAKLEIGH EAST*"]'>OAKLEIGH EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1137000]">$1,137,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ESSENDON"]'>ESSENDON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1133794]">$1,133,794</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL NORTH"]'>BOX HILL NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1132000]">$1,132,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HEIDELBERG*"]'>HEIDELBERG*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1120000]">$1,120,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FAIRFIELD*"]'>FAIRFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1106250]">$1,106,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"RICHMOND"]'>RICHMOND</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1102500]">$1,102,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLAYTON*"]'>CLAYTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1100000]">$1,100,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WILLIAMSTOWN"]'>WILLIAMSTOWN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1100000]">$1,100,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH EAST"]'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1085000]">$1,085,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"STRATHMORE*"]'>STRATHMORE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1080250]">$1,080,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"OAKLEIGH*"]'>OAKLEIGH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1065500]">$1,065,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NORTH MELBOURNE*"]'>NORTH MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1065000]">$1,065,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BULLEEN*"]'>BULLEEN*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1055500]">$1,055,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE LOWER"]'>TEMPLESTOWE LOWER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1044750]">$1,044,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"VERMONT SOUTH"]'>VERMONT SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1040000]">$1,040,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN NORTH*"]'>BLACKBURN NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1039500]">$1,039,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH MELBOURNE*"]'>SOUTH MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1035000]">$1,035,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOONEE PONDS"]'>MOONEE PONDS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1020000]">$1,020,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BURWOOD EAST*"]'>BURWOOD EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1004000]">$1,004,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN SOUTH"]'>BLACKBURN SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1000000]">$1,000,000</td>
</tr>
</tbody>
</table>
Source <a href="https://www.urban.com.au/property-observer" target="_blank">REIV</a> 
 
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jrobinson-rf4aSBido9

Balwyn the home of Melbourne's third most expensive houses: REIV

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Australian Property Monitors recently released its list of the best 625 suburbs across Australia with the suggestion investors should exercise caution in the coming year.
There are just 15 suburbs out of the 625 predicted to have double digit growth, headlined perhaps by the surprise inclusion of New South Wales' popular beachside town, Byron Bay.
Balwyn, Box Hill North and Toorak are the only three suburbs that offer double digit growth for units as well as for houses.
Released ahead of the recent Chinese stockmarket turmoil, APM's housing market expert, Dr Andrew Wilson cautioned the great Sydney boom had clearly ended.
"The peak of the cycle for both Sydney and Melbourne was June," he advised.
More recently he noted “it will be a flat year for Sydney property prices this year.”
“I’ve been predicting up to a 4% property price growth rate in Sydney, and about the same nationally.
"Economic circumstances are now set to deteriorate and it will be a year of circumspection."
Wilson is one of a growing number of experts cautioning investors against expecting bonanza-sized capital returns from property in 2016 as things cool down.
The APM forecast in the AFR Smart Investor magazine even suggested it was why they created the list.
<img src="/images/2016/01/27/1447965660172.jpg" alt="">
"If the experts are right and heat does come out of the market, minor differences in asset quality will start to produce very different results.
"The choice between one postcode and the one adjacent could lead to years of regret," the article said, adding their list of the most investable suburbs would be an important weapon for any reader seeking to add to their property portfolio.
The data ranks suburbs according to the price growth over the year to August 31, puts that in context of a three-year growth rate, adds a median price and average yields and then includes APM's exclusive 12-month forecast.
These predictions take into account growth characteristics at a national level, a capital city or regional level and then at a suburban level. 
They include macroeconomic inputs such as monetary policy and confidence levels, while also taking into account more granular considerations that vary from suburb to suburb.
There isn't a single suburb in Queensland, South Australia, Australian Capital Territory, West Australian or Northern Territory that envisaged to fetch 10 per cent or more.
Victoria dominates the list of suburbs which have a 10 per cent or higher 12 month forecast, with only one suburb coming from all six other states.
 
Balwyn - 12%
Box Hill - 12%
Box Hill North - 12%
Byron Bay - 12%
Doncaster East - 12%
Glen Waverley - 12%
Mount Waverley - 12%
Templestowe - 12%
Templestowe Lower - 12%
Balwyn North - 10%
Bentleigh - 10%
Carnegie - 10% 
Fitzroy North - 10%
Glen Huntly - 10%
Toorak  - 10%
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2016's top 15 forecast investor growth localities: APM

<html><body>
An architecturally designed property on 810 square metres in Balwyn, Victoria has been listed for sale.
The home at <a href="https://www.realestate.com.au/property-house-vic-balwyn+north-123185766" target="_blank">211 Belmore Road</a> has five bedrooms, four bathrooms, CCTV security, remote garaging for four vehicles with turntable.
The property also features an undercover terrace with a built in BBQ and wet bar. The terrace overlooks the backyard and heated pool.
William Chen and Meredith Plant from Jellis Craig, Boroondara Group have listed the property
The median house price in Balwyn is $2.157 million, <a href="https://www.urban.com.au/property-observer" target="_blank">according to CoreLogic</a>.<a href="https://www.urban.com.au/property-observer"> </a>
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