News


Kinglake West is Melbourne's Outer Ring HotSpot according to Real Estate.com!


"15 minutes onto commute a ‘non-issue’ for buyers in the east" William Verhagen, Branch Manager at Integrity Real Estate in the Yarra Valley, is not surprised to see Kinglake West top the list of growth areas in Melbourne’s outer ring. The suburb saw a whopping 55% capital growth in the past 12 months with a median house price of $613,500. Verhagen says buyers that were originally interested in suburbs such as Yarra Glen and Whittlesea were now looking further out to bucolic Kinglake West, which is a 35-minute drive from the former and just 15 minutes from the latter. This attractive alternative still allows them to commute to work but also provides a more affordable lifestyle, he adds. Verhagen says the buyers interested in Kinglake West are there for more of a longterm plan rather than a “flip and sell”. They are owner occupiers who are making gradual improvements to their properties, which is another factor playing into the growth of the area. Co...


Quarterly report for Summer


As predicted, with an ease into the calendar year in January, February has turned out to be a busy month. The proof is in the pudding: properties will still sell without advertising. Integrity continues to sell premier properties for high results on the private market in Kinglake and Kinglake West—the last three sales Integrity made in Kinglake and Kinglake West all sold above reserve without advertising. That being said, exposure is always the key to a strong result, so vendors should consider paid advertising to be a short-term cost for a long-term gain. In the world of Council regulations, owners of acreage properties (between 5 and 100 acres) in the Farming Zone should be aware that lending on acreage is becoming more difficult. This is a combination of restrictions on banks, and intensified planning regulations from Council.If you own acreage in the Farming Zone, it is advised that you look into securing a planning permit before selling. Not only will this increase the value...


NEW YEAR NEW MARKET


 The word on everyone’s lips is: what will the market be like in 2018?   Having sold a high 22 properties in its last quarter, Integrity Real Estate has cruised into an expected ease after the holiday season. Many homeowners are uncertain about selling, largely because they are unsure where to invest or make their next move. This is largely because Melbourne’s market grows from the city outwards, making relocating closer to urban centres challenging. Many homeowners feel they have to achieve very high prices to justify moving.   For many residents this has been made possible by the strong results they have achieved, allowing them to comfortably downsize or relocate, but the question about the plateau in the market is not a matter of if but when.     In 2007, Melbourne had approx. 17 suburbs in the “million dollar club.” Currently that number is 154, according to Richard Simpson, President of the Real Estate Institute of Vic...


Property Report July/August 2017


The period of June/July has seen a welcome increase in vendor activity, likely owed to the turning of the financial year. The main cause of this recent dip has been vendor apprehension. But as expected, buyers are in high number. Integrity encourages buyers to register their interest while they are looking so that they may be informed of upcoming listings, as properties under $500,000 continue to sell at lightning pace. Values in the Kinglake Ranges continue to grow, without a sign of depreciating. It was only 15 months ago that buyers came to the region because they had been priced out of the outer East and North East (Yarra Glen and Whittlesea). Now buyers actively seek to be in the area, owed to its connectivity, regional atmosphere, and the retention of larger blocks in beautiful settings. As the rail line from Mernda extends, it is likely that values will follow a true course, although access to amenities and services remains a constant detraction. It is important, for the image a...

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Winter is on our Doorstep!


 Create a home that you will love to walk into in Winter A few alterations to your home will allow you to create your own cozy haven to return home to each day.  Firstly, focus on your heating solutions, and be mindful of the extra expenses and ways to avoid these in the cooler months.  It is very important to stop heat escaping your home, block those pesky drafts, close a few doors and capture the heat to create a path for it  to travel to the corners of your home in which you mainly reside. Heating your home can be costly, and there are a few things you can do to keep your bills down.  If you have a wood-burning fire, avoid the expense of the dryer and hang your clothes in front of the fire instead.  Put the reliable door snakes across the base of your doors to prevent the drafts creeping in. Add Colour Colour and mood are two very important factors in Winter, and have a huge impact on one’s frame of mind.  If your home décor is dre...


Market Review 2017


2016 represented a boom year in the local market. Due to inflation in the inner-suburbs markets, buyers (especially first home buyers) have turned their eyes of the commutable yet secluded Kinglake Ranges. Although house and land values have continued to   grow at a mean annual increase of 8%, the average first home buyer could still look for half acre residential blocks for $140,000 and 3 bedroom homesbetween $300,000 and $400,000. However, due to demand, we have seen the median price climb as some properties achieve up to 15% growth in 12 months. There is a large demand for lifestyle properties on small acreage for $500,000 to $550,000, yet the market has seen the mean value of 4 bedroom homes on 2.5 acre allotments to $600,000 and above. This all plays a part in the 25 year growth expansion of the Australian economy. To summarise property fundamentals and capital growth, things will continue to change in the Melbourne and regional property market year over year. A key ...