Real Estate in Melbourne at Barry Plant
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News

New record price in Sunshine!
New record price in Sunshine!
Yes, you read that correctly…if you ever needed confirmation of just how strong the property market is in our part of Melbourne right now, our five auction sales today produced an extraordinary total of more than $800,000 above their combined reserve prices! You can just imagine how big the smiles are on our vendors right now! Perhaps the most notable result of all was the new record price that was set for an original weatherboard home in Sunshine, with bidding exceeding $1.5 million! However, it is also worth keeping in mind that three more of our auctions today exceeded their reserves by $10...
Strong mid-year property market continues
Strong mid-year property market continues
The cool, crisp weather conditions were Winter to a ‘t’ today. However, the ongoing stock shortages that we have been reporting in recent months are continuing to force buyers to compete strongly, underpinning some enormous results for those vendors who have been smart enough to make the most of the tight mid-year property market. What is really interesting about the property market is that some buyers are clearly not reading the market conditions very well, and holding back at some auctions in the hope of securing a property for less by negotiating after auction. What they are failing to unde...
Property shortage is driving strong results
Property shortage is driving strong results
The law of supply and demand came into clear focus again today. With only a few hundred auctions being conducted due to the long weekend, buyers had fewer opportunities to compete. Not great news for those who are anxious to buy, but great news for those who were prepared to offer their property to the buyers this weekend. Our single auction today proved once again that vendors can often achieve outstanding results simply by holding auctions when there is less competition from other sellers. The fact is that motivated buyers will not miss an opportunity to secure a property, no matter what day...
Competitive start to Winter auctions
Competitive start to Winter auctions
With all the recent media attention that our part of town has been attracting, we probably shouldn’t be surprised at the competitive bidding we experienced at so many of our auctions in the first week of Winter. The theme for the start of Winter seemed to be strong bidding, determined competition and results that’s exceeded everyone’s expectations. These included:Albion: As we mentioned in a post during the week, Albion is now regarded as one of Melbourne’s ‘property hot spots’. So it wasn’t surprising to see a good turnout to today’s auction in Norwood Street, a short walk from Selwyn Park ...
Strong run of sales continues
Strong run of sales continues
Once again this week, we’ve seen further examples of what happens when we have an over-supply of home buyers who are keen to purchase, and a shortage of available properties for sales. Not only did we see some very strong attendances by buyers at many of our Open houses, but today’s auctions also produced some exceptional sales for some very happy vendors. These included:Supply Drive, EppingFirst home buyers, investors and downsizers were all attracted to this ‘as new’ low maintenance 2-bedroom home within a short walk of the shops on Dalton Road. As a result, we saw the bidding taken all ...
Record auction numbers still not meeting demand
Record auction numbers still not meeting demand
If you ever needed confirmation of the imbalance between demand and supply in the current property market, consider this… Whilst the most common complaint from home buyers right now is that there is nowhere near enough property on the market, figures released by Domain during the week indicated that Melbourne was set to have the second highest number of auctions ever recorded in May today! Clearly the robust and reliable late autumn market in Melbourne is simply not enough to satisfy demand. Just over 1100 homes were set to go under the hammer today, which is up on the 937 conducted last...
Barry Plant Manningham the number one office in the Barry Plant network.
Barry Plant Manningham the number one office in the Barry Plant network.
Barry Plant Manningham, the number one office in the Barry Plant network, has scored an amazing four finalist positions in the hotly contested Real Estate Business (REB) Awards for 2017. The office has been shortlisted in the following categories:Sales Office of the Year Sales Office of the Year (Metro) Principal of the Year (Metro) – Spiro Drossos Digital Presence – 17 Kyrenia Court, Warrandyte Sales Campaign of the Year – 6 Green Ridge, Warrandyte SouthThe awards, which seek to recognise innovation and excellence in the real estate profession, will be awarded on the 6th of July. In the l...
Autumn auctions providing exceptional results
Autumn auctions providing exceptional results
At the risk of sounding like a broken record, (or dare we say it, an auctioneer on a roll), our recent run of 100% auction success has continued once again this week, with every one of today’s scheduled auctions now proudly wearing a sold sign on their board. Among some of our team’s the notable recent results were:1 Wanaka Drive, Taylors Lakes: Totally renovated throughout, this 3-bedroom home offered a great location for a growing family with three Primary Schools and two secondary Colleges within walking distance. It sold convincingly today at $625,000. 42 Manfred Avenue, St Albans: A mix...
When a network really makes a difference
When a network really makes a difference
We saw another outstanding example this week of the benefits that vendors can enjoy when they utilize the network of opportunities that the Barry Plant group provides. Unlike many other real estate networks, every salesperson in every Barry Plant office has the opportunity to introduce buyers to every property listed by a Barry Plant office. This provides our vendors with additional exposure to more buyers, and this week provided another example of why this is important. Our team was asked to market a property with development potential in Keilor this week, with the vendors asking that the cam...
100% auction results signal strong finish to Autumn
100% auction results signal strong finish to Autumn
After what turned out to be a record-breaking April for our team, it was exciting to see our vendors continuing to reap the benefits of an exceptional Autumn market this week. Once again, our offices produced 100% auction results for our clients, with 6 out of 6 auctions all selling well. When you look back at our amazing April auction results, it is interesting to note that they covered every single price segment and property type. In fact, our record-breaking month included sales that ranged from a 2-bedroom apartment in Sydenham that sold for $290,000, right up to our record-breaking result...
Strong bidding continues to drive price growth
Strong bidding continues to drive price growth
It’s hard to believe that we are already one third of the way through 2017…where does the time go? But what’s quite clear right now is that the property market of 2017 is continuing to push ahead strongly in the face of continuing strong auction bidding, record low interest rates and general confidence in the economic outlook for our State. Among a large number of very positive recent property sales, we have seen some particularly strong sales being achieved in the $1 million to $1.5 million bracket. This trend continued today, as did the ongoing interest of property investors and developers. ...
100% Auction success a positive sign for sellers
100% Auction success a positive sign for sellers
After a week when we saw new figures from the REIV indicating that Melbourne’s median house price is continuing to grow with remarkable strength, it was probably no surprise to see multiple bidders competing strongly at our auctions today. In fact, not only did out team at Barry Plant Sunshine achieve yet another 100% auction success rate for our vendors this week, but several of our vendors achieved sale prices that exceeded everyone’s expectations in the process. Over in Ardeer, we saw strong competition between first home buyers and investors for a 2-bedroom timber home with a bungalow in M...
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7 Palara Street Delahey
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3 1 1 1
7 Palara Street
Delahey
For SALE
$470,000 - $510,000  
13 Brooklyn Bay Close Rowville
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4 2 2 2
13 Brooklyn Bay Close
Rowville
SALE BY SET DATE®
$850,000-$935,000  
2 Maidstone Place Parkwood
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4 2 2
2 Maidstone Place
Parkwood
For SALE
Offers Above $575,000  
1,2 & 3/23 Hawker Street Preston
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1,2 & 3/23 Hawker Street
Preston
For SALE
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2/158 Wilsons Road Whittington
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2/158 Wilsons Road
Whittington
For SALE
$239,000 - $259,000  
3/78-80 Lake Boga Avenue Deer Park
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3 1 2 1
3/78-80 Lake Boga Avenue
Deer Park
For SALE
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17 Solander Grove Tarneit
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3 2 2 2
17 Solander Grove
Tarneit
SALE BY AUCTION
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36 Chrystobel Way Kilmore
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3 3 2 3
36 Chrystobel Way
Kilmore
For SALE
$420,000 to $460,000  
8 Jinchilla Avenue Frankston South
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5 2 2 2
8 Jinchilla Avenue
Frankston South
SALE BY AUCTION
$600,000 - $660,000  
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7A Alern Court, Nunawading
News update
New record price in Sunshine!
Yes, you read that correctly…if you ever needed confirmation of just how strong the property market ...
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