Chat with us, powered by LiveChatHot suburbs for first home buyers and a market update from the Barry Plant Group

Hot suburbs for first home buyers and a market update from the Barry Plant Group

A recent article in the Herald Sun looked at the hot suburbs for First Home Buyers in outer Melbourne and regionally. With real estate prices starting to creep upwards, First Home Buyers who have been waiting for the bottom of the market, have jumped back into buyer mode.

The first suburb in the Herald Sun rankings was Ferntree Gully (pictured above) – known as the gateway to the Dandenong Ranges. Second, was Highton, a suburb of Geelong followed by Ballarat Central, East Geelong, Mooroolbark, Frankston, Berwick, Bendigo, Craigieburn and Hoppers Crossing.

The Barry Plant Group achieved an auction clearance rate on the weekend of 80%, another clear indication that buyers are back and keen to purchase.

Amongst the top results that were achieved on the weekend was a brand new five-bedroom home in Park Orchards. Architecturally designed with pool and extensively equipped alfresco area, the property sold for $2,910,000. In Greensborough a lavish six-bedroom, five-bathroom home showcasing European craftsmanship sold for $2,250,000. An ultra-modern, architecturally designed, brand new four-bedroom home in Thornbury attracted a great deal of interest, selling for $1,550,000.

Results achieved by Barry Plant in the Herald Sun’s First Home Buyer suburbs included a three-bedroom home in Ferntree Gully with a functional floorplan, selling for $545,750 while in Highton a well-located older home with four bedrooms sold for $596,000. A three-bedroom weatherboard cottage in Frankston, beautifully renovated, sold for $585,000.

If you are thinking of taking advantage of an improving market, request a free appraisal from Barry Plant today.