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Opportunities abound for Moonee Valley homebuyers

Real estate & property news
01 March 2023
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Reserve prices smashed at Airport West auctions

There is a flurry of buyer activity in suburbs across Moonee Valley as the market continues to prove its resilience.

Recent sales results have shown buyers were confident in moving forward with their property plans, according to Barry Plant Essendon, Keilor East & Gladstone Park director Bill Karp.

“There are exciting opportunities for homebuyers in Moonee Valley right now,” he said.

“An intriguing choice of new listings have hit the market in the past week, and several properties are scheduled for auction in coming weeks.”

The Essendon/Keilor East office achieved strong results in the first two auction weekends this year, including the weekend of February 18 when eight of nine properties changed hands.

In Airport West, three bidders battled it out for a three-bedroom house on 613sq m at 67 Victory Road (pictured below), and smashed the seller’s reserve price of $850,000.

A developer from Pascoe Vale splashed $908,000 on the property, which delivers move-in comfort and scope for rebuilding or developing, subject to approvals.

“This property is comfortable as is, while offering enormous potential for future enhancements,” Mr Karp said.

Also in Airport West, four bidders contested a modern two-bedroom townhouse at 2/71 McIntosh Street (pictured below).

A first-home buyer from Essendon forked out $687,000 to win the keys, well above the seller’s expectations.

“This smart and stylish property is on a boutique allotment, just a short walk from the shops in McNamara Avenue,” Mr Karp said.

Sellers who realistically priced their properties attracted good interest, multiple offers and strong competition at auction, according to Mr Karp.

“Those who price their homes correctly will have big smiles on their faces in the end,” he said.

It was important to listen to feedback and make decisions accordingly, Mr Karp added.

“Our team can help with a good campaign that will be well-received in the marketplace,” he said.

There was strong demand from local and out-of-the-area buyers for all types of homes in the area, according to Mr Karp.

Renovated and move-in ready family homes were in hot demand but in short supply.

“Anything that doesn’t require much work, is well presented, priced well and represents good value, will sell well,” he said.

Image source: Google Local Guides - Airport West Park

Real estate & property news
01 March 2023
Save Article

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