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Swift sales in Greenvale and Craigieburn

Real estate & property news
27 February 2023
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Properties are selling quickly in the north as demand soars for move-in ready homes in desirable locations.

The market is picking up and there are plenty of buyers around, but sellers need to be realistic about their prices, according to Barry Plant Gladstone Park agent Phong Ho.

“Sellers who have aligned their expectations with current market conditions are doing well,” he said.

All types of properties in Greenvale and Craigieburn, from entry-level townhouses to luxury six-bedroom houses, are selling fast, some before their scheduled auctions or set dates.

Craigieburn offers value for money and a diverse variety of homes, Mr Ho said.

“We’ve picked up quite a few listings in the area and demand is strong.”

Up for auction in March, a three-bedroom house at 23 Hampton Street, Craigieburn (below), has sold above the seller’s expectations to a Sydney investor for $740,000 within 10 days of listing.

“We had 20 groups through and multiple offers on the table,” Mr Ho said.

“The buyer got more bang for his buck here in Craigieburn, compared to what he would have paid in Sydney.”

Craigieburn is a haven for first-home buyers with a good supply of properties priced below $600,000.

“Those wanting to enter the market should start looking here as there are many affordable properties in the area,” he said.

A modern two-bedroom townhouse at 58 Little Windrock Lane, sold for $425,000 in less than two weeks, well before its set date.

A man renting in Niddrie was one of three first-home buyers who put in offers to buy the home, and he won the keys because he acted quickly, according to Mr Ho.

“He had his finance pre-approved, moved fast and secured the property within 24 hours,” he said.

There was also strong interest in Greenvale, which offered value for money and growth potential.

After only one viewing, a family from Broadmeadows paid $992,000 for a six-bedroom Porter Davis house at 21 Rappel Street (below).

“They had been hunting for their second home in Epping, Mernda and Wollert for quite a while,” Mr Ho said.

Also in Greenvale, a family who owns five bakeries bought a stunning Georgian-style five-bedroom house at 1 Nairn Court (below).

The son, a young first-home buyer, splashed $1.1 million on the double-storey showpiece with the help of his parents.

The property changed hands with a minimal marketing spend, according to Mr Ho.

“The seller soft-launched the property with just photos and a floorplan,” he said.

Real estate & property news
27 February 2023
Save Article

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