Summer sales confirm market strength
Whilst there has been quite a bit of speculation about the property market since the Reserve Bank took the widely-anticipated decision to raise official interest rates earlier this month, I am happy to report that the Summer market in Melbourne’s northern corridor remains solid.
As we reported in A POST A FEW WEEKS AGO, it seems that most homebuyers had already factored in the slight adjustment to the cash rate, and are proceeding with their plans to secure their next home as soon as they are able.
In fact, our team at Barry Plant Thomastown has been experiencing consistently strong enquiry levels from aspiring buyers, and this has pretty much been the case since we reopened the office after the holiday break. The only thing holding back quite a few buyers is the frustrating shortage of available properties for sale in Melbourne’s north.
One of the trends we noticed last year seems to be continuing in 2026, and that’s the presence of buyers from interstate in our area…particularly those looking for a long-term investment. We’ve seen a number of property inspections this month from buyers coming from New South Wales and Queensland, and these interstate buyers clearly had an impact on the early sale of a property that we were due to auction this week, (Saturday 21st).
The property in question was an appealing single-level home of three bedrooms and two bathrooms at 14 Hodgson Rise, Mernda (pictured), which attracted interest from a mix of investors and young families keen to make the most of the convenient family-friendly location.
The strong buyer interest produced a satisfying early offer during the week which our happy vendors decided to accept rather than waiting for the scheduled auction date. It was a result that drew smiles from all parties, which is just the way we like it.
Results like this one confirm the underlying strength of the late-summer market as we head towards autumn, which is historically one of the peak periods for property sales in Melbourne. So if you’d like to explore the opportunities that are currently available for local sellers, (and how you can maximise them to your own advantage), be sure to give us a call at Barry Plant Thomastown this week on 9466 3233.
We’d love to be of assistance.
Cheers,
Con Constantinou
Barry Plant Thomastown
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