1980s original sets new Dingley Village price record
Local buyers push large family home to suburb benchmark
A 1980s family home in need of a modern update has fetched a record price in Dingley Village.
A spirited two-bidder contest on March 26 led the four-bedroom house on 1406sq m at 14-16 Australis Court, to a new suburb record of $2.21 million.
It is just the second $2 million sales in the suburb located in Melbourne’s southeast, sales records showed.
“A double block is rare in the area and the large property attracted a few key buyers and sold to a family looking to be near good schools,” Barry Plant Dingley Village agent Jake Mabey said.
“The new owners plan to modernise the home while the underbidder was looking to buy a property for his parents.”
The result gifted a windfall to the owners of more than 20 years.
“At such a high price point, we expected a few keen buyers who were attracted by the large block, huge interior and leafy backyard,” Mr Mabey said.
The house in original condition has a huge formal lounge and dining room, timber kitchen with meals area, large family room with wet bar, spacious bedrooms, an outdoor entertainment area with spa, and four-car garaging.
The location is central and close to a variety of schools, shops and major roads to the beach and city.
Another strong March auction in the suburb was at 8 Ashbourne Place, a three-bedroom house on 625sq m, which changed hands for $1.217 million.
“This was a record price for a three-bedroom house on less than 650sq m, and it had four bidders who were all family buyers,” Mr Mabey said.
The agency, part of the Barry Plant Bayside network of four offices, has had strong clearance rates this year. It sold five properties at auctions for the week ending March 26, with many more auctions slated for the next two months.
Six auctions are scheduled for the first week of April and more set for the following week before a slowdown over the Easter and school holidays.
“There is a rush to sell prior to Easter and the holidays, but there will be more auctions in May as we have seen an influx of people wanting to put their property on the market,” Mr Mabey said.
“The number of properties for sale has risen strongly since January, while at the end of last year there were fewer for sale and strong prices.”