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South-eastern suburbs an ongoing ‘hot spot’

There’s been plenty of coverage in the media recently about the strength of the property market around Melbourne, and how that is impacting both on property prices and buyer emotions.

However, as is often the case, most of that coverage has looked at the broader market, rather than specific areas. That’s why we thought we should provide you with a brief update on what the strength of the market looks like at a local level here in the City of Casey.

Here’s a summary of some of the results that our team at Barry Plant Cranbourne have been able to achieve for some very happy vendors:

Blind Bight: Channel Crescent. The unusual combination of a three-bedroom family home plus a self-contained bungalow proved a popular one, with the sold sigh going up at $620,000.

Clyde: Saltbreeze Circuit. Enjoying water views from a prominent corner block in the Belmond on Clyde Estate, this near new Metricon-built three-bedroom home was sold for $550,000.

Clyde: Chesney Circuit. Just two years young, this single-level four-bedroom home with an appealing alfresco entertaining area achieved a strong sale in a short period of time at $660,000.

Cranbourne: Lytham Court. A quiet child-safe court within walking distance of Cherryhills Drive Reserve and the playground made this three-bedroom home (pictured) a popular pick for young families. The keys changed hands for a very pleasing $710,000.

Langwarrin South: Highfield Drive. A delightful four-bedroom cottage on one hectare of land generated such a strong response that the sold sign went up before the photographer even had a chance to visit, with the contracts being inked at $1.38 million.

Make no mistake, the current conditions have made this a terrific time to be a seller in the City of Casey. However, it’s equally important to remember that at some point in the future, the imbalance in the market must inevitable swing back more in favour of the buyer again. Thus, if you’d like to ‘strike while the iron is hot’, why not give us a call at Barry Plant Cranbourne this week on 5990 9400.

We look forward to being of assistance.

Best wishes,

Barry Plant Real Estate

Cranbourne & Frankston