Prestige market booms in Moonee Valley
Multi-million dollar top end sales soar in Melbourne’s north-west
Prestige homeowners in Moonee Valley are being rewarded with stellar results and eye-watering prices.
There has been a rising demand for prestige properties from well-heeled locals taking advantage of the low-interest rates to upgrade and stay in the area, Mr Karp said.
“Families living further out and wanting to move closer to the city are also showing strong interest,” he added.
“They are paying a premium for high-end homes with all the bells and whistles and located near good schools, the river and parks.”
“This was a terrific sale and generated so much interest that five buyers put up their hands for the keys well before the scheduled closing date for offers,” Mr Karp said.
With a split-level design, European oak floors and 4.8m ceilings, it features multiple indoor and outdoor living areas and a self-cleaning lap pool.
“There’s not much else like it in Keilor East,” Mr Mahch said.
Another rarity that achieved a standout result was the yet-to-be-built architect-designed townhouse at 132A Park St, Moonee Ponds that sold off-market for a whopping $3.55 million.
The four-bedroom tri-level home with a pool near Aberfeldie Park and the Maribyrnong River won the heart of a buyer from the northwest suburbs registered on the agency’s database.
“This is one of the highest prices paid for a townhouse in this area,” Mr Mahch said.
In Aberfeldie, a family from the outer north-western suburbs splashed $3.55 million on a four-storey five-bedroom townhouse at 102A Fawkner Street, before it was constructed.
“This was a record price for a townhouse in Aberfeldie,” Mr Mahch said.
The unique property features a rooftop terrace, indoor pool and a lift, plus it is in a coveted pocket within a hop, skip and jump of the Maribyrnong River.
In Niddrie, a brand new four-bedroom house at 40 Newman Street, sold at an online auction for an impressive $1.921 million after bidding soared beyond all expectations.
The underbidder who lived in the same street was defeated by a buyer from Roxburgh Park who wanted to move closer to their workplace and the city.
The property on 666sq m was originally designed to accommodate extended family members and features two main bedrooms with ensuites, Mr Filippone added.
“The buyer from Brunswick wasn’t looking to buy a home but when he walked past and saw the board, he made an irresistible offer,” Mr Venneri said.
Near the Royal Park golf course and Melbourne Zoo, the one-owner home was designed by award-winning Peddle Thorp Architects.
A standout is the rooftop entertainment deck influenced by New York-based sustainable garden designer Todd Haiman, with an outdoor kitchen and barbecue.
It has a balcony with city views where one can hear the animals at the zoo and watch the birds and golfers at the ninth hole, Mr Venneri added.