Anton Zhouk

Anton Zhouk - 0430 224 438 Ranked No.1 Agent in Hawthorn East 2020/2021/2022 (REA) antonz@antonzhouk.com.au antonzhouk.com.au Your Local Agent. @antonzhoukrealestate Boroondara Market Update April 2022 A Z With the first quarter of the year now behind us, heading into April we find ourselves in a very mixed market. Many properties are still selling for premium prices, but if you look closely there have been some very shrewd buys over the last month in our core market. We are in a period of adjustment right now, the property market has obviously seen incredible growth over the past 2 years, now its time for the market to find its feet and stabilise. In America the interest rate has recently been increased by 0.25%, marking the first planned increase of the year. It is most likely that Australia will follow suit at some stage in the near future. The last time the RBA increased the interest rate was November 2010, and it currently sits at 0.10%, the lowest it has ever been. Any changes will have an effect on the market, but it’s difficult to tell how much. Stock levels on market are still relatively low compared to a normal market, partly due to the fact we are approaching Easter and the school holidays. We expect an increase in listings over the May/June period. To summarise, it is still a great time to be upsizing and capitalising on the growth we have seen over the last 2 years. If you have any questions about the sale process, please feel free to contact me anytime on the details below. Quarterly Land Prices Jul - Sept Apr - Jun Camberwell Hawthorn Hawthorn East Kew Oct - Dec $3.45k $3.37k $5.38k $5.15k $4.38k $4.27k $4.38k $4.20k Jan - Mar $3.31k $5.05k $4.26k $4.16k $3.35k $5.13k $4.30k $4.26k One of Our Recent Sales 69 Harcourt Street, Hawthorn East SOLD. Facts about the sale: • Sold Via: 2 Stage Approach • 54 groups inspected • Multiple interested parties • Sold circa $3,500,000