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Positive news for both buyers and sellers

The Spring property market in Melbourne’s north-west has continued to demonstrate the strong activity levels we’ve been reporting over the past month, with both buyers and sellers receiving more good news this week.

The first bit of news that would have pleased both buyers and sellers this week was the announcement by the Reserve Bank that it was cutting official interest rates to new record lows. Even more important was the news from the Governor of the RBA that cash rates are expected to remain at these levels for at least the next three years at a minimum. That would have given a lot of local homeowners a fair bit of certainty as they look to the future.

Another trend that would have pleased local homebuyers was the fact that we have seen some outstanding new listings hitting the market recently. If you haven’t had time during the week, you can view the latest opportunities by CLICKING HERE...

Of course, when it comes to good news for local sellers, you only have to look at our recent results to see how well the local market is performing. Here’s a small cross-section of some of our recent results:

Hillside: 73 Saronvale Crescent. This four-bedroom home attracted such strong early interest that the vendors decided to sell in the second week of the campaign for a strong $700,000 rather than waiting for this week’s scheduled auction.

Hillside: 26 Sandalwood Avenue. The curved lines of this one-of-a-kind two-storey home certainly attracted attention, with a very pleasing mid-week sale completed at $750,000.

Hillside: 37 Banchory Avenue. Five bidders fought it out for the keys to this double-storey four-bedroom home. It was on the market at $720,000, but unrelenting competition pushed the eventual sale price all the way to $810,000!

St Albans: 1/11 Washington Street. Part of a group of four, this brand new three-bedroom townhouse achieved an excellent mid-week sale at $600,000.

Sydenham: 1 Sambuco Court. This exciting mid-week auction (pictured) saw a total of four bidders, (two onsite and two online), push the price beyond out happy vendor’s reserve before selling at $605,000.

Taylors Lakes: 6 Derwent Court. This extensively renovated single-level five-bedroom home near Keilor Lodge Reserve found new owners after a very satisfying seven-figure sale.

Don’t forget that time is getting increasingly tight if you’d like to sell in 2020, so be sure to give us a call this week at Barry Plant Caroline Springs and Taylors Lakes on 9307 4000 if you’d like to discuss your options.

Regards,

James Hatzimoisis & John Aaron Nakic

Directors – Barry Plant Real Estate

Caroline Springs, Taylors Lakes & St Albans