Three recent sales saw buyers from outside the City of Manningham pay top dollar to relocate to the two suburbs.
In one of the last auctions in spring, a young family made the winning bid of $1.88 million for 5 Meldrum Close, Doncaster East, and will relocate from Southbank in the city.
The sellers, who bought the home 35 years ago after they migrated, had a reserve price of $1.65 million, and the sale gave them a premium of $230,000.
“The buyer had been looking for a family home and saw the house on Monday and bought it on Tuesday,” Barry Plant Manningham agent Scott George said.
The five-bedroom house on 631sq m attracted four bidders and sold at a twilight auction on November 29.
“We had a twilight auction to take advantage of the location next to a park and the beautiful evening setting,” Mr George said.
The next day, Mr George sold 18 Treevalley Drive, Doncaster East (main image above), for $1.928 million to a family relocating from Sydney. The five-bedroom house is on 600sq m.
Summer’s first round of auctions were held on December 3, and included 95A Wood Street, Templestowe, which fetched $1.35 million.
The four-bedroom house on 539sq m attracted four bidders who pushed it $100,000 beyond the seller’s reserve price of $1.25 million.
“The auction came down to a young couple and downsizers, and in this instance, the young buyers won,” Mr George said.
“This is the first home for the couple who are renting in Mitcham and have been looking for a few months with us.”
Mr George said the Manningham market “is fine and we average 60 inspections per home”.
Auctions attracted multiple bidders while private listings would each draw three or four offers each, he added.
Barry Plant Manningham ended November on a strong note, with many of its auctions well attended. The office notched 65 sales for the month.