News

A long-held Frankston investment paid off for its owners when its auction soared to a $2.115 million result.

If you’re a regular reader of these weekly updates, you’ll already be aware that there have been a number of different indications of the underlying strength of the property market in the City of Moonee Valley and surrounding suburbs this year.

Once again this week we have seen further signs of growing confidence among the home buyers of the City of Moonee Valley and surrounding suburbs.

The first week of April saw buyer activity picking up strongly after the Easter break, with enquiry levels at pleasing levels and competition between buyers producing some outstanding sales results for our vendors across the City of Moonee Valley.

As I sit down to write this week’s Update, I am hoping that many of our readers have been able to put their feet up and relax over this Easter long weekend.

The recent run of competitive bidding at well attended auctions continued this week, with some auction results achieving close to 20% above our happy vendors’ expectations.

Once again this week, we saw competitive bidding at many of our auctions, with several properties achieving sales results that exceeded our vendor’s reserve prices.

Whilst our team at Barry Plant Moonee Valley has been active as usual this week, this long weekend has undoubtedly given quite a few Melbourne residents an opportunity to not only get away for a short break, but also a chance to put your feet up and think about the year to date and what it has meant to your plans for the future.

This was the week that a very solid Summer season turned into Autumn, and it was pleasing to see that the strong buyer activity levels we have been reporting in recent months continued unabated.

Queensland buyer succeeds at second auction after failing at the first on the same day

With the last week of Summer now upon us, our team at Barry Plant Moonee Valley has been busy achieving multiple outstanding sales results for our vendors, with excellent numbers being produced both at auction and through competitive negotiations prior to the big day.

Can I start this week’s Update with all those clients who are celebrating the arrival of the new Lunar Year this weekend. I hope the arrival of the Year of the Dragon brings health, wealth and happiness.