Belle Property

Wooloomooloo Jarrod Eastwood | 2024 Safety Beach Property Report Jarrod Eastwood | 0403 983 310 belleproperty.com/dromana

Since my last report, the real estate market landscape has unquestionably changed. Primarily, inflation and interest rate hikes have negatively impacted on the household budget. Notwithstanding, Australian property market prices remain at record levels, even though the Reserve Bank’s battle with Inflation remains a work-in-progress. Expectations of rate cuts before Christmas 2024 seem to be diminishing, given the latest inflation figures show rates may need to stay higher for longer than previously before returning to the RBA’s target range of 2-3 per cent. Many expert economists are predicting steady growth in capital cities, pointing to rapid population growth and housing supply constraints being the driving factors behind home sales. Overall, the fundamental reality is that the demand for quality property is still managing to outpace supply. Through this simple fact, the market is crying out for more homes to sell. Interestingly, analysis reveals that up to 80 per cent of our sales emanated from “outof-area” residents before choosing to reside on the Mornington Peninsula. The beautiful seaside suburb of Safety Beach is continuously growing, where the medium house price has risen to its Welcome. A word from one of Safety Beach's top agents - Jarrod Eastwood current level of $1.185m for houses and $865k for units. Additionally, the average rent is $697p/w for houses and $580p/w for units. The rationale is obvious, with Melbourne’s CBD within an hour and an abundance of wineries and world-class eateries at your doorstep, it makes this charming suburb a desirable prospect for anyone looking to purchase a holiday investment or secure permanent residency. Either way, commuting from Safety Beach to the city is an uncomplicated task. Since December 2023, Belle Property has secured 111 premium sales for our loyal vendors, cementing our status as the undisputed leading real estate office on the peninsula. We sincerely thank our clients, both past and present, for their continuing support. While we have achieved many outstanding results over the past 6 months, a noteworthy auction result occurred at 84 Dromana Parade, Safety Beach, which sold for $1,113m against the vendors reserve of $940,000. These statistics indicate a robust demand for premium properties on the peninsula, particularly in Safety Beach. I anticipate that the latter part of 2024 will continue to be strong, bolstering consumer confidence as interest rates and inflation stabilize.

Relax If you enjoy a little alone time or peace and quiet the Peninsula is bordered by stretches of Bay Beaches & coastal walks in either direction, sit back and enjoy this enviable location. Explore Whether you prefer tree lined walking trails or crystal blue beaches the Peninsula has it all. Offering sights and experiences from hikes, maze gardens, gondola rides, hot springs, awards winning wineries & golf courses - there is entertainment for all ages. Amenities Centrally located between Mornington & Rosebud, Safety Beach is perfectly positioned for access to fine dining restaurants, cafe's & bars, schools, transport & entertainment. The suburbs laid-back coastal atmosphere combined with convenience adds to its appeal. Safety Beach, a township nestled between the Mountains and the Sea. A beautiful lifestyle between the Harbour and the Sea Cradled between the CBD and Portsea is one of the Mornington Peninsula' most sought after suburbs. Shops, crystal clear sandy beaches, endless walking trails and charming coastal atmosphere give Safety Beach is seaside sanctuary appeal. Safety Beach Suburb Profile.

Meet Safety Beach's #1 Sales Team Offering unmatched levels of commitment, professionalism and marketing ingenuity, the team at Belle Property are highly regarded and well-awarded, winning several highly sought-after industry awards in recent years. Safety Beach #1 Agency Consistently recognised as the #1 Agency and agents across the Southern Peninsula. Our dedicated team are here to help deliver comprehensive, strategic and empathetic residential, investment and lifestyle real estate advice and services. Jarrod Eastwood Recognised as Customer Experience Sales Agent of the Year, Jarrod finds tremendous satisfaction from helping clients achieve their goals. Jarrod has long established himself as a leading agent, consistently setting a high standard for himself. About Jarrod.

Carol Charkas Sales Associate Jared Tipping Sales Associate Najee Charkas Sales Consultant Dino Francese Sales Consultant Kirsten White Sales Associate The Team. Led by Principals, Adam Alexander and Grant McConnell, the team at Belle Property Dromana live and breathe the area’s luxury lifestyle and are renowned for setting numerous records in the Safety Beach with their superior negotiation skills. Meet Our Agents Jarrod Eastwood Sales Consultant Adam Alexander Principal / Director Grant McConnell Principal / Director Samra Zizak Business Manager Linda Wooley Licensed Estate Agent Steve Edmund Sales Consultant Phil Down Sales Consultant

Michelle Vennix Receptionist Ellie Matongo Property Management Assistant Brooke Hutchinson Property Manager Catherine Andrews Senior Property Manager The Team. Meet Our Agents Madison Keeley Executive Assistant Daniella Saliba Executive Assistant Shauni Soutar Sales Support Hollie Alexander Rental Accounts Alisha Hare Business Development Manager Ben Curtis Partner | Head of Property Management Leanne Devlin Senior Property Manager

Premium Safety Beach Results. 32 Country Club Drive Safety Beach $905,000 SOLD 19 Mary Street Safety Beach $875,000 SOLD 56 Country Club Drive Safety Beach $1,130,000 SOLD 12 Thurloo Drive Safety Beach $1,200,000 SOLD 6/178 Dromana Parade Safety Beach $710,000 SOLD 3 Oskana Walk Safety Beach $1,050,000 SOLD 13 Fairway Drive Safety Beach $1,060,000 SOLD 32 Victoria Crescent Safety Beach $1,190,000 SOLD 28 Country Club Drive Safety Beach $1,195,000 SOLD

7 Fairway Drive Safety Beach $895,000 SOLD 41 Brian Street Safety Beach $1,080,000 SOLD 84 Dromana Parade Safety Beach $1,113,000 SOLD 88 Country Club Drive Safety Beach $835,000 SOLD 16 Golf Course Lane Safety Beach $1,025,000 SOLD 21a/113 Country Club Drive Safety Beach $617,500 SOLD 2/279 Dromana Parade Safety Beach $950,000 SOLD 79 Country Club Drive Safety Beach $1,100,000 SOLD 51 Palm Tree Drive Safety Beach $975,000 SOLD

Price $940,000 $1,680,000 $1,350,000 $1,535,000 $1,375,000 $1,270,000 $725,000 $690,000 $1,100,000 $1,180,000 $2,340,000 $845,000 $805,000 $808,000 $686,500 $785,000 $1,225,000 $880,000 $1,165,000 $878,000 $855,000 $745,000 $870,000 $1,310,000 $1,500,000 $1,100,000 $1,015,000 $630,000 $628,000 $610,000 abv 0 2 2.5 3 1 3 1 1 2 2 2 2 1 1 1 2 2 2 2 2 2 2 2 3 2 2 2 0 0 1 0 4 4 4 3 6 3 3 3 3 4 3 2 2 3 3 3 4 5 3 4 3 3 4 3 4 4 0 0 2 0 2 3 2 1 0 2 2 2 1 2 2 1 2 1 2 2 2 2 2 4 2 2 1 2 2 0 0 0 1 Land Size 1,012 sqm 739 sqm 637 sqm 1,076 sqm 1,065 sqm 886 sqm 121 sqm 121 sqm 240 sqm 622 sqm 561 sqm 315 sqm 557 sqm 712 sqm 380 sqm 266 sqm 743 sqm 722 sqm 760 sqm 723 sqm 790 sqm 153 sqm 601 sqm 395 sqm 365 sqm 1,239 sqm 798 sqm 777 sqm 790 sqm 106 sqm 29 Tennent Street, Dromana 15 Hillview Street, Dromana 14 Jagungal Court, Dromana 56 Scott Street, Dromana 15 Kangerong Avenue, Dromana 17 Como Court, Dromana 1/18 Monaco Parade, Dromana 2/18 Monaco Parade, Dromana 1/57 Pier Street, Dromana 10 Spencer Avenue, Dromana 13 Wilson Crescent, Dromana 2a Jetty Road, Dromana 9 Wilson Crescent, Dromana 11 Tulip Street, Dromana 2 Corey Avenue, Dromana 69a Rainier Avenue, Dromana 23 Hillview Street, Dromana 21 Corey Avenue, Dromana 2 Charles Street, Dromana 44 Rainier Avenue, Dromana 33 Lombardy Avenue, Dromana 2/21 Callas Street, Dromana 35 Dahlia Street, Dromana 25 Charles Street, Dromana 24 Codrington Street, Dromana 7 Seaview Parade, Dromana 310 Boundary Road, Dromana 11 Glenone Avenue, Dromana 13 Glenone Avenue, Dromana 1/23 James Street, Dromana Suburb Sales. Address

ab Land Address Price 2 2 2 1 2 2 3 1 2 1 0 3 2 0 0 2 2 2 1 1 2 2 3 3 3 2 2 1 2 2 2 1 4 2 3 2 2 2 1 0 0 2 5 0 0 2 1 3 1 2 2 2 7 4 2 2 2 2 2 3 $840,000 $880,000 $1,042,000 $760,000 $1,650,000 $1,875,000 $1,200,000 $720,000 $1,085,000 $1,020,000 $350,000 $1,700,000 $1,230,000 $52,000 $420,000 $945,000 $650,000 $1,465,000 $720,000 $1,400,000 $2,750,000 $1,600,000 $4,125,000 $2,270,000 $2,150,000 $2,045,000 $2,000,000 $1,855,000 $1,830,000 $1,800,000 147 Palmerston Avenue, Dromana 1/43 Kangerong Avenue, Dromana 63 Williams Street, Dromana 20 Elizabeth Avenue, Dromana 13 Somerset Drive, Dromana 13 Kangerong Avenue, Dromana 35 Wunda Street, Dromana 46 Olympic Parade, Dromana 1 Ocean Street, Dromana 39 Devon Street, Dromana Boatshed 165, Dromana Foreshore 21 Somerset Drive, Dromana 54 Arthur Street, Dromana Bathing Box 242, The Tardis, Dromana Boatshed 108, Dromana Foreshore 33 Kent Street, Dromana 2/37 Lugano Avenue, Dromana 40 Kent Street, Dromana 211 Boundary Road, Dromana 10 The Grove, Dromana 16 Hearn Street, Dromana 10 Wunda Street, Dromana 12 Matthew Street, McCrae 14 Bayview Road, McCrae 6 Dorothy Court, McCrae 23A Wattle Road, McCrae 46 Bartels Street, McCrae 2 Margaret Street, McCrae 605 Point Nepean Road, McCrae 22 The Boulevard, McCrae Suburb Sales. 3 3 4 2 3 5 4 3 3 3 0 4 4 0 0 2 3 4 2 3 5 3 4 5 4 5 4 4 2 3 809 sqm 375 sqm 679 sqm 746 sqm 1,467 sqm 861 sqm 894 sqm 721 sqm 644 sqm 610 sqm 0 sqm 2,695 sqm 668 sqm 0 sqm 0 sqm 782 sqm 376 sqm 685 sqm 791 sqm 1,530 sqm 892 sqm 752 sqm 1,521 sqm 896 sqm 3,225 sqm 467 sqm 704 sqm 981 sqm 735 sqm 2,392 sqm v

ab Land Address Price 2 3 2 2 2 2 3 1 1 3 1 4 2 3 2 2 2 1 2 2 2 2 2 2 1 2 1 0 1 2 2 2 3 6 2 2 2 2 2 2 2 1 3 4 2 2 2 2 2 2 2 2 1 2 1 2 3 0 1 2 $1,760,000 $1,730,000 $1,720,000 $1,625,000 $1,620,000 $1,610,000 $1,600,000 $1,600,000 $1,510,000 $1,495,000 $1,460,000 $1,400,000 $1,370,000 $1,325,000 $1,290,000 $1,250,000 $1,200,000 $1,100,000 $1,050,000 $1,040,000 $1,040,000 $1,035,000 $950,000 $935,000 $900,000 $860,000 $726,000 $505,000 $625,000 $1,090,000 27 Burrell Street, McCrae 4 Riley Street, McCrae 713 Point Nepean Road, McCrae 50 Cairn Road, McCrae 59A Cairn Road, McCrae 1C Beverley Road, McCrae 8 Navigator Street, McCrae 21 Coburn Avenue, McCrae 32 Coburn Avenue, McCrae 1 Chunar Grove, McCrae 625 Point Nepean Road, McCrae 41A Cairn Road, McCrae 10 Fairway Crescent, McCrae 37 Hillman Avenue, McCrae 12 Henry Court, McCrae 6 Henry Court, McCrae 20 Talbot Grove, McCrae 1 Bass Street, McCrae 2/31 The Avenue, McCrae 95 Flinders Street, McCrae 2/50 Beverley Road, McCrae 36 Riley Street, McCrae 1/20 Wattle Road, McCrae 5/6 Banks Street, McCrae 4 Highfield Road, McCrae 225 Bayview Road, McCrae 195 Bayview Road, McCrae Boatshed 26, McCrae Foreshore 145 Fifth Avenue, Rosebud 27 Greenhill Road, Rosebud Suburb Sales. 4 3 4 4 3 3 4 2 2 5 3 5 4 5 3 3 3 2 3 3 3 3 3 3 3 4 2 0 2 4 301 sqm 855 sqm 588 sqm 1,309 sqm 832 sqm 263 sqm 1,548 sqm 1,337 sqm 917 sqm 784 sqm 640 sqm 1,229 sqm 912 sqm 1,043 sqm 1,030 sqm 913 sqm 500 sqm 844 sqm 282 sqm 1,716 sqm 225 sqm 954 sqm 233 sqm 240 sqm 746 sqm 798 sqm 805 sqm 0 sqm 396 sqm 790 sqm v

ab Land Address Price 2 1 2 1 2 2 1 2 0 2 2 2 2 1 3 2 1 2 3 2 3 1 1 2 2 2 2 1 2 1 2 2 2 1 2 6 2 1 0 2 4 2 2 2 2 2 2 2 2 2 1 1 1 2 3 1 2 4 0 2 $1,100,000 $655,000 $985,000 $607,000 $2,060,000 $1,615,000 $585,000 $673,000 $830,000 $1,315,000 $1,412,500 $1,750,000 $920,000 $710,000 $1,201,000 $820,000 $610,000 $760,000 $840,000 $922,000 $770,000 $585,000 $600,000 $1,171,000 $907,000 $880,000 $801,000 $830,000 $820,000 $775,000 2/138 Elizabeth Drive, Rosebud 8 Jelbart Court, Rosebud 18 Martin Street, Rosebud 10 Branson Street, Rosebud 71 Lockhart Drive, Rosebud 27 Cleek Crescent, Rosebud 2/22 Potton Avenue, Rosebud 100 Fourth Avenue, Rosebud 37 South Road, Rosebud 46 Carrathool Avenue, Rosebud 8 Cleek Crescent, Rosebud 2/21 Parkmore Road, Rosebud 3 Wilgah Road, Rosebud 143 Rosebud Parade, Rosebud 8 Lovely Meadows Court, Rosebud 54 Murray-Anderson Road, Rosebud 13 Spray Street, Rosebud 163 Sixth Avenue, Rosebud 2/266 Jetty Road, Rosebud 20 Caroline Court, Rosebud 371 Bayview Road, Rosebud 2/254 Jetty Road, Rosebud 2/23 Hope Street, Rosebud 1 Woodvale Grove, Rosebud 8 Lyon Street, Rosebud 99-101 Seventh Avenue, Rosebud 359 Waterfall Gully Road, Rosebud 6 Elm Court, Rosebud 283 Jetty Road, Rosebud 57 Warrain Avenue, Rosebud Suburb Sales. 3 3 3 2 3 5 3 4 0 4 4 4 4 3 5 3 2 3 4 3 4 2 2 3 3 3 3 4 3 3 370 sqm 710 sqm 621 sqm 530 sqm 4,963 sqm 2,652 sqm 310 sqm 385 sqm 742 sqm 1,391 sqm 2,551 sqm 444 sqm 548 sqm 534 sqm 742 sqm 520 sqm 590 sqm 381 sqm 168 sqm 781 sqm 716 sqm 244 sqm 217 sqm 777 sqm 621 sqm 773 sqm 784 sqm 901 sqm 1,291 sqm 882 sqm v

ab Land Address Price 2 1 2 2 2 2 2 1 2 1 1 2 1 1 1 1 2 2 1 2 1 1 1 1 2 2 2 2 2 2 2 2 1 2 1 1 1 1 1 1 1 2 1 1 3 1 1 2 1 2 $625,000 $565,000 $746,000 $775,000 $760,000 $757,500 $675,000 $665,000 $735,000 $667,000 $657,500 $665,000 $475,000 $480,000 $532,000 $550,000 $1,100,000 $705,000 $540,000 $840,000 $785,000 $765,000 $920,000 $1,190,000 $960,000 1/51 Potton Avenue, Rosebud 208 Eastbourne Road, Rosebud 64 Kennington Road, Rosebud 25 Santa Rosa Circuit, Rosebud 19A Potton Avenue, Rosebud 5/71 Hove Road, Rosebud 4/17 Bass Avenue, Rosebud 99 Second Avenue, Rosebud 11 Oakwood Court, Rosebud 151 Second Avenue, Rosebud 124 Seventh Avenue, Rosebud 6/779 Point Nepean Road, Rosebud 9/57 Wingara Drive, Capel Sound 8/78 Wingara Drive, Capel Sound 6/38 Wingara Drive, Capel Sound 5 Mawarra Avenue, Capel Sound 36 Sandpiper Court, Capel Sound 1 Allambi Avenue, Capel Sound 5/38 Wingara Drive, Capel Sound 39 Ronald Street, Tootgarook 4 Loma Court, Tootgarook 23 McAlpin Street, Tootgarook 30 Pasadena Street, Rye 12 Stiles Street, Mount Martha 342 Melbourne Road, Blairgowrie Suburb Sales. 3 2 3 3 4 3 3 3 3 3 2 2 1 2 2 3 4 3 2 4 3 3 3 2 3 319 sqm 328 sqm 345 sqm 268 sqm 275 sqm 260 sqm 472 sqm 385 sqm 267 sqm 394 sqm 389 sqm 113 sqm 144 sqm 172 sqm 195 sqm 585 sqm 791 sqm 668 sqm 227 sqm 952 sqm 612 sqm 767 sqm 835 sqm 1,100 sqm 799 sqm v

2/279 Dromana Parade, Feature Property. Perfectly positioned just a short stroll to shops and the beach, this low-maintenance townhouse provides the perfect blend of comfort and convenience. The spacious home offers dual living areas and a well-equipped kitchen spilling out to the courtyard making it ideal for entertaining. Well presented throughout with 4 bedrooms, 2 modern bathrooms, powder room, ducted heating, alarm system, double lock-up garage and a courtyard with an easy-care garden. Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries. $960k SOLD Safety Beach, VIC, 3936 21 3 11 Contracts sent Days on market Viewers

Auction Result: 84 Dromana Parade, Safety Beach. Reserve $940,000 Sold Price $1,113,000 27 Bids made 105 Days on market Bidders 3 23 Inspections $

Safety Beach Real Estate Market Approximately 6 square kilometres, with 8 parks covering nearly 6.8 per cent of the area, Safety Beach is home to a population of approximately 6,328 residents (as of 2021) – of which 75 per cent own their homes. Households are made up of primarily childless couples in their 60's, and hose from trade occupation. The average length of property ownership is 9 years. Average days on Market - May 24 Unit: Average Weekly Rent Properties Sold last 12 months Median Sales Price Houses May 24 48 $580 House: average Weekly Rent $697 Median Sales Price Units May 24 $865,000 $1,185,000 139 Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries. The Market.

Belle Property Victoria Franchise of the Year Recognised as market leaders within our own network, being awarded Franchise of the Year in 2016, 2018, 2021 & 2022, we strongly believe our focus on customer service contributes significantly to our success, and how we have gotten to where we are today. Belle Property Victoria Customer Experience office of the Year Consistently recognised as the No.1 office and agents for Customer Experience in Victoria, this award is one we are most proud of as it reflects our genuine interest and care that we have for each and every customer that chooses to partner with us. Top 100 Agencys' in Australia RateMyAgent is a platform that allows vendors and buyers to be directly involved in property transactions to review real estate agents across Australia. Belle Property Dromana has been awarded Large Agency - National Winner in 2020, 2021, 2022, 2023 & 2024. Honest experiences shared by over 900,000 Australians Outstanding Achievements.

Amy. L Jarrod was so thorough and was absolutely brilliant and supporting us through the process of auctioning / selling our property. His advice was always transparent and easy to understand, allowing Jarrod to support our sale provided us with a successful outcome and we couldn’t be more grateful! Thank you to Belle property and of course, Jarrod Eastwood! Max. A Jarrod Eastwood was amazing from the moment we met. His local market knowledge & experience is impressive, however his honesty & direct approach is exactly what we needed. His suggested marketing & pricing strategy was spot on & allowed us to make a quick sale & find the right buyer for our house. Courteous & always approachable he did an amazing job & made a difficult time for us so much easier. Experience beyond his years. Highly recommended & we’ll certainly be sticking with him! Thank you for all your efforts & making selling an enjoyable, successful & more importantly a seamless process. Recent Testimonials. Faye. C Jarrod is to be commended for the steady, supportive & consistent approach he was able to maintain from our first meeting until the end of the campaign. He was generous with his time, an excellent & thoughtful listener & communicator & he went above & beyond in helping us to prepare the property for a successful sale. Jarrod was crystal clear in his explanations about our opinions. He provided logical rationales for adopting the various sale strategies & he proved to be absolutely accurate in his approach. Jarrod was trustworthy & highly professional & as a result we felt calm & supported!

McCrae Yacht Club Soul Night Market Supporting Our Community. Boneo Cricket Club Dromana FNC & Rosebud FNC

belleproperty.com Information about this report: We (the agent/cy) have endeavoured to show all sales reported by all agents and individuals as listed on publicly available sources for the mentioned period. We believe this information to be accurate, whilst all care has been taken, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of this document. Individuals are directed to rely on their own enquiries. Please disregard this publication if your property is exclusively listed with another agent. Properties displayed are only those which have been publicly listed and sold by multiple agents/cies in the area. We advised you seek independent advice on your area statistics if you are thinking of buying or selling. Contact. Jarrod Eastwood 0403 983 310 jarrod.eastwood@belleproperty.com Belle Property Dromana | Rosebud 03 5987 1999 dromana@belleproperty.com belleproperty.com/dromana

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