Anton Zhouk

Your Local Agent. Boroondara Market Update March 2022 A Z After a red-hot start to the 2022 market in January, we noticed buyer activity slowed down over February as the sentiment of the current market is changing. Values are still broadly rising, but nowhere near as fast as they were in early 2021. One of the biggest changes to come about in February was the surge of property listings. What does this mean for buyers? With a sense of normality returning to the property market, buyers are still out in full force, but there is less urgency for them to put offers or bid at auction as they have more stock to choose from. Prices will remain strong, and anyone considering selling who is concerned should remember we have just come off 2 years of incredible growth in prices, with many homeowners in our core market of Hawthorn, Hawthorn East, Kew & Camberwell seeing increases north of 30% since the Covid lows in 2020. The uncertainty in the market is now stemming from the expected interest rate increases later this year, but it’s also possible that the increases have already been priced into the market. If you are considering selling in the next few months, now is the time to start the process. Feel free to contact me anytime on the details below. Quarterly Land Prices July - Sept Apr - June Camberwell Hawthorn Hawthorn East Kew Oct - Dec $3.38k $3.45k $5.30k $5.38k $4.35k $4.38k $4.22k $4.38k Jan - Feb $3.35k $5.13k $4.30k $4.26k $3.37k $5.15k $4.27k $4.20k We stand in solidarity with the people of Ukraine Our prayers go out to all our family, friends and all the people in Ukraine. It is truly heartbreaking to see what is happening. #StoptheWar #HelpUkraineEmergencyAppeal Sam Christensen - 0434 338 695 samc@antonzhouk.com.au antonzhouk.com.au @antonzhoukrealestate