Real Estate in Melbourne at Barry Plant
English Ελληνικά Italiano 中文简体 Tiếng Việt 中文繁體 عربي
Translating...

News

The property market – it’s all about people
Barry Plant Keilor East  |  15 July 2017  |  Category: Market Update

The property market – it’s all about people

For many people watching the recent activity in the property market, their main focus is often on the numbers. Whether it’s the volume of auctions, sale prices, bidder numbers or how far over a reserve the bidding went, people tend to go looking for clear, concise ways to measure the performance of the property market.

However, one of the things you learn when you’ve been in real estate as long as I have is that the greatest rewards in this business tend to be more about human emotions than they are about numbers. Sure, the result matters…(obviously)…but I often find that it is the stories behind the results that matter just as much.

We had a prime example of this today when we auctioned a 3-bedroom home in St Raphael Street, Avondale Heights (pictured). This property had been owned by the one family for over 40 years, the home having been built for them in 1974! There were obviously a lot of emotions involved as the family members gathered to see the home go under the hammer, just as there were quite a few nerves as they waited to see how strong the interest would be.

They needn’t have worried, with four bidders competing strongly, (and several more who never got the chance to raise their hands), the bidding soared close to 10% above the vendor’s reserve price, finally selling for a very impressive $900,000!

Suffice to say that the appreciation from the family members after the auction confirmed that all our hard work in the weeks leading up to today’s auction was well worth it!

For those who are interested in numbers, however, we saw some this week that provide a graphic indication of just how strong the property market in the City of Moonee Valley this winter. One of our recent listings in Essendon was opened for inspection twice this week, and attracted MORE THAN 70 GROUPS OF BUYERS in that time. This included over 20 groups at a mid-week Open House, and more than 50 groups in a half hour period today!

If you thought that Winter would be a quiet period for the local property market…think again.

Regards,

Bill Karp

Director – Barry Plant Real Estate

Keilor East, Essendon & Niddrie

Free appraisal
Free appraisal
Would you like to know what your property is worth?

Barry Plant can assist you.

Finance
Finance
Need help with Finance?

We'll help you start your next Chapter!

67 Glendale Road Springvale
Latest listings (sale)
6 2 2
67 Glendale Road
Springvale
SALE BY AUCTION
Contact Agent  
10 Rhonda Street Mount Waverley
Latest listings (sale)
4 2 2 2
10 Rhonda Street
Mount Waverley
SALE BY AUCTION
A Home To Enjoy within MWSC zone!  
6 Picnic Street Truganina
Latest listings (sale)
3 2 2
6 Picnic Street
Truganina
For SALE
Contact Agent  
36 Royale Drive Plumpton
Latest listings (sale)
36 Royale Drive
Plumpton
For SALE
$320,000 - $350,000  
4 Luster Crescent Tarneit
Latest listings (sale)
4 Luster Crescent
Tarneit
For SALE
$280,000 - $299,000  
6 Fieldstone Crescent Cranbourne North
Latest listings (sale)
3 2 2 2
6 Fieldstone Crescent
Cranbourne North
For SALE
$540,000 - $594,000  
5 Willow Way Craigieburn
Latest listings (sale)
4 2 3 1 2
5 Willow Way
Craigieburn
SALE BY AUCTION
 
3 Intervale Drive Wyndham Vale
Latest listings (sale)
3 2 1 1
3 Intervale Drive
Wyndham Vale
SALE BY AUCTION
AUCTION... $395,000 - $434,000  
34 Craig Road Plenty
Latest listings (sale)
4 2 2 1 2
34 Craig Road
Plenty
For SALE
FORTHCOMING SALE  
51 Albion Crescent Mickleham
Latest listings (sale)
3 2 1 2
51 Albion Crescent
Mickleham
For SALE
 
Awards
Awards
Awards and recognition of Barry Plant in the industry and community.

View our awards >

BP TV
7A Alern Court, Nunawading
News update
Record breaking auction results despite chill
The sky was grey, the odd rain shower made its presence felt and the chilly breeze had plenty of buy...
Open times
Open times
Want to know what properties are available for inspection?

View our open times here >

EXPAND VIEW
Back to top of Barry Plant Real Estate website
Change Language

Language translation provided by Google, translation may not be 100% accurate.