Speaking to many buyers at open homes and auctions today, there was a change in attitude to “life goes on” and “we are not waiting anymore.” Most buyers are also factoring in future rate rises to their decisions.

Buyers and sellers have become comfortable in the more settled market, and it has made way for some great results this week.

Our sale of 8 Halifax Street, Mont Albert North which sold for $4,390,000 was Victoria’s highest sale last week and gives hope to the top end prestige market, leading into the Spring market.

Other encouraging news that came out this week, was the impressive May - July (REIV) clearance rates for some standout suburbs in our service area.

Auction success rate suburbs achieving above industry average were:

Bulleen - 80%

Nunawading - 70%

Blackburn South - 81.3%

Please see below our stand out results this week:

• 16 Fellows Street, Mitcham sold for $1,760,000
• 11 Cudgee Court, Research sold for $1,520,000
• 12 Walker Street, Doncaster sold for $1,440,000
• 32 McCulloch Street, Nunawading sold for $1,355,000
• 4 Warringal Road, Bulleen sold for $1,340,000
• 416 Ringwood Warrandyte Road, Warrandyte sold for $1,255,000
• 2/34 Queens Avenue, Doncaster sold for $1,230,000
• 143 Springfield Road, Blackburn North sold for $1,230,000
• 3/2 Malcolm Crescent, Doncaster sold for $840,000
• 22 Glen Katherine Drive, St Helena sold for $835,000
• 26/1 Bellevue Avenue, Doncaster East sold for $600,000
• G18/210 Reynolds Road, Doncaster East sold for $600,000
• 6 Greenwich Place, Viewbank sold!
• 1/20 Prospect Road, Rosanna sold!
  

Currently under offer and will be sold soon:

• 3/6 Jacana Avenue, Templestowe Lower
• 11/88-90 Main Street, Blackburn
• 3 Felicia Grove, Forest Hill
• 16/167 Pitt Street, Eltham
• 14 Anthlin Court, Templestowe
• 49 Saxonwood Drive, Doncaster East
• 65 Jeffrey Street, Templestowe Lower
• G03/5 Red Hill Terrace, Doncaster East
• 60 Bryson Grove, Templestowe Lower
• 351 Lower Plenty Road, Viewbank
• 409/39 Caravel Lane, Docklands

Enjoy the rest of your weekend.

Spiro Drossos

Managing Director

Barry Plant Eastern Group