Kyneton

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The Kyneton property market has returned steady price growth for both house and vacant land leading up to the final quarter of 2016, whilst still presenting itself as a more affordable market, PRDnationwide has found.
The median house price is currently held at $495,000 and $235,000 for vacant land, representing an annual price change of 5.4 percent and 15.2 percent respectively.
Over the same period of time, the median house price in the surrounding Shire of Macedon Ranges grew by 12.2 percent to $575,000 and vacant land median price grew by 14.3 percent to $240,000.
<a href="https://www.propertyobserver.com.au/images/2017/04/19/Kyneton.png" target="_blank">CLICK TO EXPAND</a>
<img src="https://www.urban.com.au/images/2017/04/19/Kyneton.png" width="700" height="425">
The average amount of days to sell in Kyneton has improved since the beginning of 2016 and at the end of the final quarter sits at 70 days for houses. The average time spent on the market for rental properties are currently 40 days for houses and 39 day for units. Positively, investors in the Kyneton market are benefiting from higher house and rental returns than properties in Melbourne, with returns of 3.8 percent and 5.9 percent, respectively. Median rents in Kyneton have remained stable for house and units over the past twelve months, currently at $368 and $290 per week respectively. The vacancy rate is recorded at a low 1.6 percent which continues to demonstrate the high demand for rental property in the area, especially when compared to Melbourne (2.0 percent). The Kyneton Structure Plan introduced in June 2013 estimated that the Kyneton township will grow by an additional 2,900 residents by 2036.
A two bedroom unit (below) at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-kyneton-124062590" target="_blank">110 Piper Street </a>sold for $439,000 in May 2017.
<img src="https://www.urban.com.au/images/2017/05/12/rsz_piper.png" alt="">
Kyneton can expect approximately $16.7M worth of new development projects commencing in late 2015, through to the end of 2017.
Of these new developments, residential projects accounted for the majority, with an estimated value of $15.5M. 
This is followed by industrial projects valued at $1,000,000 and infrastructure which accounted for $200,000 worth of development. A main residential project in 2017 is the Simpson Street Residential Development. The project is estimated at $14.5M and plans to construct 69 dwellings. The project is due to commence in November, with anticipated completion in 2019.
A four bedroom home (below) at <a href="https://www.realestate.com.au/sold/property-house-vic-kyneton-125152382" target="_blank">121 Lauriston Reservoir Road</a> sold for $1.065 million in May 2017. 
<img src="https://www.urban.com.au/images/2017/05/12/rsz_kynetonhouse.png" width="700" height="425">
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j.ballantyne1990-6AQqhLzZaK

Kyneton property market returns steady growth: PRDnationwide

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Kyneton's modular flat pack house has been listed for sale.
It featured in the Grand Designs Australia series in 2012.
It was mid-2010 when Di Foggo and Rod Moore stepped into the offices of Melbourne-based architecture firm Intermode to enquire about them building their house.
They wanted to build a home in Kyneton, Victoria's spa district in the Macedon Ranges, north of Melbourne, a town increasingly a magnet for those in the creative industry.
Foggo had called architect Nick Carr, director of Intermode, after seeing one of his house designs nearby. 
They'd been weekending in the Kyneton since 2006, where they restored a Federation home which allowed Foggo's green thumb to work on the gardens.
It was the 29th garden she had brought back to life.
Having completed the project, the couple decided they wanted to relocate to Kyneton permanently as they concluded their business commitments, and warehouse-style living, in the city.
Foggo was a commissioner at Fair Work Australia, while Moore worked in education at Victoria University.
This time they wanted to build a house.
"We knew we wanted modern, minimalist architect design," Moore recalled.
A 6,200 square metre block on Scotsman's Hill, the site of a former bluestone quarry overlooking the Kyneton race course, township and Mount Macedon, came up for sale, and the couple snapped it up in 2012.
"They were particularly interested in building a new home that would explore the idea of connecting indoors with the outdoors, more fully than historic dwellings allow," Intermode's Nick Carr said. 
The result was a factory-built modular home, what Intermode call a flat pack house, built in a simple T-shape configuration.
The configuration offers the choice on entry of heading to the kitchen and dining area to the right, a courtyard enclave to the rear of the lounge to the left.
The living spaces are separated with glazed internal walls.
Two bedrooms, a bathroom, study, ensuite and master bedroom sit off the hallway.
"Intermode's credo is all about simplicity, modernity, environmentally sustainable design and materials - simple process and a quick build," Di said.
The couple wanted to have excelling climate control, which was achieved by an in-floor, gas fuelled, hydronic heating system under the polished concrete waffle-pod slab floor, which also provides the benefit of thermal mass (capturing warmth from the winter sun).
There's an ultra-efficient Apricus evacuated-tube solar hot-water system, as well as a gas boiler incase of a lack of sunlight.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/kyneton%202.jpg" alt="">
The full-height doors promote cross-ventilation. In summer, cool air flows in and hot air flows out.
The finished project, which featured on Grand Designs Australia, has been listed for sale with a guide of $1.75 million through Keatings Real Estate Woodend agent Sandi Barry-Mueller.
Ahead of the March 16 auction, Barry-Mueller describes the home as one of Kyneton's finest examples of modern architecture.  
It sits at the end of a rock lined driveway in private gardens which feature a mix of mature trees, including two flood lit mature Eucalypts.
The Kyneton region is home to a number of masterfully sculpted homes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/kyneton%203.jpg" alt="">
The renowned sculptor Peter D. Cole designed his home from scratch having bought a block with artist wife Anne in the town.
Cole was influenced by elements of Japan's architecture, a country he frequented a number of times throughout his career.
The couple sold the home in 2017 for $1,275,000.
These newer architecturally designed homes contrast the older historic homes.
Woodbine, the historic retreat that dates back to the 1850s, sold last year for $2.25 million
The Fiddlers Green Road estate comprised two dwellings in four hectares of gardens established by Melbourne landscaped designer Michael Pithie.
This article first appeared in The Weekend Australian. 
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jonathanchancellor-7SQnKwU6yx

Kyneton's modular flat pack house house hits the market 

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Kyneton's modular flat pack house that featured in the Grand Designs Australia series in 2012 has been sold.
The home sold before this weekend's scheduled auction having been listed for sale with a guide of $1.75 million through Keatings Real Estate Woodend agent Sandi Barry-Mueller.
It was offered by Di Foggo and Rod Moore who had commissioned the architecture firm Intermode to build on their property in Victoria's spa district in the Macedon Ranges, north of Melbourne. 
The result was a factory-built modular home, what Intermode call a flat pack house, built in a simple T-shape configuration.

<div id="div-gpt-ad-1553484609107-0" style="height: 1px; width: 1px;"> </div>
The couple installed an in-floor, gas fuelled, hydronic heating system under the polished concrete waffle-pod slab floor.
There's an ultra-efficient Apricus evacuated-tube solar hot-water system.
The full-height doors promote cross-ventilation. 
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Kyneton home featured on Grand Designs Australia sells

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The Sunbury Lodge Equestrian Centre and residence in Kyneton, Victoria has been offered to the market with a price guide of $2 million to $2.2 million.
Set on 8.1 hectares, the holding is one of a few centres holding a commercial permit to operate and have a function for up to 100 people on site.
Located 5 kilometres from Kyneton township and only one hour from Melbourne CBD via the Calder Freeway, the indoor complex houses 18 stables.
Situated at <a href="https://www.realestate.com.au/property-acreage+semi-rural-vic-kyneton-131546206" target="_blank">1236 Kyneton-Metcalfe Road</a>, the complex also features an olympic sized arena surrounded by mirrors, and a full width first floor glassed in gallery providing a viewing and recreation area with heating and cooling.
There is accommodation for 22 people (seven rooms) with four showers and seven toilets.
The outdoor arena is situated next to the indoor school and bordered on has hosted some of the world's top dressage trainers.
<img src="https://www.urban.com.au/images/2019/7/17/horse%202.png" alt="">
The 10 year old three bedroom, two bathroom residence is surrounded by an ornamental garden and includes a bitumen carpark, professionally laid Sir Walter turf, fruit trees, a tennis court, and an ornate rotunda.
In the four and a half years the property has been listed it has only seen two reductions on the asking price.
It originally sought $2.5 million in February 2015.
It last sold in 2011 when the property transacted for $1,400,000.
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Kyneton's Sunbury Lodge Equestrian Centre still on the market

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The former Bank of New South Wales in Kyneton has been listed for sale.
Marketed as one of the most iconic buildings in country Victoria, the landmark building in the Macedon Ranges north of Melbourne currently operates as a boutique hotel, as well as an associated lifestyle and home-wares store known as 'Mollisons'.
It was built in the early 1900's by notable architects Godfrey and Spowers with an asymmetrical red brick facade, steep gables, terra-cotta tiled roof, tall chimneys and distinctive Art Nouveau lettering.
Listed architecturally of State Importance, the 680 sqm building is an early example of the Edwardian Free Style.
Fully restored, the property has over 25 rooms comprising nine bedrooms, seven with ensuites, and a two bedroom apartment.
There are a number of living areas and courtyards, as well as a two large which would suit a cafe, store, wine bar or restaurant, according to Circa Hiertage and Lifestyle South Melbourne agent Dominic Romeo, who has a guide of $3.65 million to $3.95 million.
Kyneton and the surrounding region has a strong tourism sector and sees around 1.67 million visitors annually.
 
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