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Monash owners land big scores in winter sales

Corporate - Home Page
30 June 2022
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Family buyers swoop on quality properties in top school zones

Multiple bidders were among steady crowds braving the cold at auctions across Monash suburbs which delivered stellar results for sellers.

At 8 Atheldene Drive, Glen Waverley, a 200-strong crowd witnessed six bidders push the sale price past the $2 million mark on June 25.


Located in the popular Mount View Primary School and Glen Waverley Secondary College catchments, the bidding easily went beyond the $1.97 million seller’s reserve to end at $2.106 million.

More than 70 groups had inspected the property which attracted mainly young families seeking a quality home in the sought-after location.

The sellers paid $1.55 million for the renovated double-storey house on 669sq m last year and embarked on a stylish makeover.

“It was a popular listing and the bidding was strong but not as crazy as last year, and went to a family looking to be near the primary school,” Barry Plant Glen Waverley agent Julie Guiqian Wells said.

The sale was among many successful auctions by the Barry Plant Group for the last week in June, which reported a strong 79 per cent clearance from 72 auctions.

Another hot auction took place at 901 Ferntree Gully Road, Wheelers Hill, which sold in less than five minutes for $1,500,500.


Strong, rapid bidding from three buyers saw the four-bedroom house, on a busy main road, sail above the seller’s price guide.

“The first bid of $1.4 million exceeded the reserve of $1.35 million, and it came down to two keen buyers,” Ms Wells said.

“They loved the house despite the main road location, and it sold to a family with several children.”

The house of 651sq m with grand views was on the market for the first time in more than five decades.

The market had performed well one month into the winter selling season, according to Ms Wells.

“There is good demand for quality properties and we are still seeing strong prices,” she said.

“While there is some hesitation due to interest rate rises, people are still buying.”

There was little hesitation at the auction of 21 Pamela Street, Mt Waverley, where five buyers made 51 bids in 30 minutes, Barry Plant Mt Waverley branch manager Carolyn Barton said.


The three-bedroom house on 728sq m fetched $1.445 million from a seller’s reserve price of $1.175 million.

Sale records indicate it was purchased in 1982 for just $47,000, and it was the seller’s investment property.

The buyer will demolish the house and build a new home, as they want to be in the popular Mt Waverley Secondary College zone.

Ms Barton also sold 4 Crows Lane, Glen Waverley, the same day for an undisclosed price. The five-bedroom home had a $1.65-$1.815 million price guide and went to a local buyer who is upgrading.


The agency also closed several large sales in June, with a five-bedroom mansion at 150 Lum Road, Wheelers Hill, selling on June 24 for an undisclosed price.


The luxurious lifestyle home in the suburb’s Golden Mile precinct had a $2.95-$3.245 million price guide.

On June 21, a French Provincial-style house in the prized Glen Waverley Secondary College zone at 14 Panoramic Grove, Glen Waverley, sold for $4.2 million.


The stunning five-bedroom property had been listed with another agency in 2021 but was unsold until Barry Plant Glen Waverley took over the listing.

Corporate - Home Page
30 June 2022
Save Article

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