A flurry of first-home buying activity has seen a plethora of homes snapped up across Melbourne’s inner north suburbs.
“Many came forward to grab the chance to get into the market,” he said.
“Entry-level two-bedroom apartments, units and townhouses on the city fringe flew off the shelves at good prices.”
A two-bedroom ground floor apartment at 6/40 Cumming Street, Brunswick West, sold under the hammer to a first-home buyer from Carnegie for $470,000 on November 20.
“This is one of the larger homes in the block and sold after a quick five-minute battle between two bidders,” Mr Sfindilis said.
Offering low-maintenance inner-city living near Shiels Reserve, trams, train, shops and RMIT campus, the apartment features an updated kitchen and a shared courtyard.
A ground-level two-bedroom apartment at 1/54-84 Percy Street, Brunswick, sold at a twilight auction on November 17 for $635,000.
Strong bidding from four local first-home buyers with a penchant for the inner-city lifestyle pushed the price past the $600,000 seller’s reserve, Mr Sfindilis said.
Set in a boutique low-rise complex less than 7km from the CBD, the trendy home with street frontage and a courtyard is near Sydney Road’s trams, shops and eateries.
Several properties were also sold prior to auction to eager first-home buyers, including a two-bedroom townhouse at 8/118-124 Melville Road, Brunswick West.
It attracted three offers and sold a day before the auction for $830,000 to a young couple from Mont Albert.
The property with a courtyard and carport is in a modern complex with a gated entry and is near trams, Jacobs Reserve, Brunswick North Primary, shops and Anstey Station.
In Brunswick East, a high-end two-bedroom apartment at D201/42 Hutchinson Street, sold before auction for $660,000.
“Four first-home buyers made offers and it achieved $30,000 above the seller’s expectations,” Mr Sfindilis said.
Nestled in a coveted pocket near Lygon Street with views of Fleming Park and the city, the spacious boutique-style home features a covered alfresco terrace and premium fittings.
In Pascoe Vale, a two-bedroom unit with an updated kitchen at 4/43 Landells Road was on the market for seven days before it changed hands for $595,000.
“It sold after two opens and attracted three offers,” Mr Sfindilis said.
“First-home buyers from Richmond paid $45,000 above the seller’s reserve for the home.”
And in Coburg, a two-bedroom unit at 4/80 Ross Street was snapped up three days before its November 20 auction for $724,000.
The move-in-ready home near Pentridge Village and Coburg Lake Reserve attracted three offers from young couples, according to agent Jarrod Couch.
“Local first-home buyers paid above the owner’s expectations for the property,” he said.