As highlighted by realestate.com.au, over the last 12 months there has been a 25% increase in searches on their website, specifically they have reported seeing increased activity after three major events. The first of these was after the Federal election earlier this year and then twice again after the Reserve Bank of Australia implemented two interest rate cuts.

With all these positive attributes adding to buyer confidence including APRA removing three lending restrictions this year so far - the speed limit imposed on banks on investor lending growth, the cap on interest only loans and the 7.5% stress test imposed on borrowers - we have seen a ripple effect take place across the municipalities of Manningham, Whitehorse, Nillumbik and Banyule. It is expected that throughout Spring access to finance will continue to ease as well.

Those looking to sell should feel renewed confidence that the current market climate combined with entrusting an experience and knowledgeable agency will ensure a successful outcome for your next property move. Speak with one of our team members today to understand more about how our unique Barry Plant buyer strategy and award-winning marketing tools can assist you in seeing SOLD this Spring.

Sales from our team this week include:

49 Berrima Road, Donvale sold for $1,060,000

28 Sandra Street, Bulleen sold for $1,338,000

47 Finlayson Street, Doncaster sold for $1,366,500

3/27 Tram Road, Doncaster sold for $780,000

42 Pine Ridge, Donvale sold for $1,572,000

77A John Street, Eltham sold for $523,000

20/75-77 Tram Road, Doncaster sold for $430,000

1 Edgerton Road, Mitcham sold for $845,000

1a Lake Avenue, Mitcham sold for $820,000

178 Sherbourne Road, Montmorency sold for $730,000

152 Research-Warrandyte Road, North Warrandyte sold for $760,850

1/50 Bible Street, Eltham sold for $821,000

7 Bushland Court, Eltham sold for $1,080,000

26-28 Rainbow Valley Road, Park Orchards sold for $1,960,000

Currently Under Offer:

57 Kalbar Road, Eltham

18 Ironbark Drive, Templestowe Lower

Enjoy the rest of your weekend! - Spiro Drossos, Director, Barry Plant Manningham, Whitehorse and Eltham