In the face of rising stock levels and whispers on interest rates, our local real estate market has continued to burn hot!

Numbers were out amongst blustery conditions today to witness strong competition for homes on a day where over 1700 auctions are to be conducted across Melbourne. Many of these properties changed hands with fierce rivalry, leading to sale prices over $100k over expectation.

Interestingly, articles published during the week show that some of Melbourne’s best suburbs including Doncaster, are actually holding onto record price levels set almost exactly 12 months ago. Surrounding areas, like Manningham, Whitehorse, Maroondah, Nillumbik, and Banyule have also fared very well.

It all goes to demonstrate that quality real estate is rarely out of favour. Buying into a blue chip region in Melbournes East has always been considered the safest and most rewarding real estate decision you can make. These figures confirm that our eastern suburbs continue to outperform the wider Melbourne market.

So, if you’re looking to get into a home in the prized pocket of Melbourne, then call the team that knows the area best. If you’re ready to talk property, we’re always ready to listen. And why wouldn’t we? After all, we’re just people helping people make one of the most crucial purchases of their lives……wisely!

Please see below our impressive sales for the week!

• 14 Carrathool Street, Bulleen sold for $2,120,000
• 2/33 Kireep Road, Balwyn sold for $2,030,000
• 6 Major Street, Doncaster East sold for $1,705,500
• 109 Buckingham Drive, Heidelberg sold for $1,535,000
• 12 Moselle Court, Doncaster sold for $1,505,000
• 43 Thomas Street, Doncaster East sold for $1,497,000
• 3/23 Buckingham Crescent, Doncaster sold for $1,400,000
• 1/28 Snow Gum Road, Doncaster East sold for $1,280,000
• 2/33 Carrathool Street, Bulleen sold for $1,230,000
• 26 Kendall Street, Ringwood sold for $1,220,000
• 15-17 Eden Valley Road, Warranwood sold for $1,195,000
• 42 Timbertop Drive, Vermont sold for $1,050,000
• 2/38 Frederick Street, Doncaster sold for $1,050,000
• 23 Miowera Green, Greensborough sold for $980,000
• 9 Kallay Court, Viewbank sold for $875,000
• 1/46 Woodvale Road, Boronia sold for $751,000
• 1/102-106 Thompsons Road, Bulleen sold for $680,000
• 112/37 Churchill Street, Doncaster East sold for $645,000
• 306/202 Surrey Road, Blackburn sold for $525,000
• 11/243 Blackburn Road, Doncaster East sold for $478,000
• 4/60 Purinuan Road, Reservoir sold for $400,000
• 9-11 Curry Road, Park Orchards sold!
• 5 Mulsanne Way, Donvale sold!
• 8 Gainsborough Street, Doncaster East sold!
• 5/38 Frederick Street, Doncaster sold!

Currently under offer and will be sold soon:

• 1280 Heidelberg-Kinglake Road, Cottles Bridge
• 22/43 Railway Parade, Eltham
• 68 Parsons Road, Eltham
• 4/2 Grand Boulevard, Montmorency
• 12 Bainbridge Drive, Eltham
• 10 Wilma Grove, St Andrews
• 340 Middle Hut Road, Doreen
• 454 Reynolds Road, Research
• 30 Rhonda Street, Rosanna
• 6 Willa Avenue, Viewbank
• 1/136 Parker Street, Templestowe
• 2/22 Sunhill Road, Templestowe Lower
• 404/600 Doncaster Road, Doncaster
• 2/314A Reynolds Road, Donvale
• 36 Lynette Avenue, Warrandyte
• 407/3 Mitchell Street, Doncaster East
• 2 Jean Street, Templestowe Lower
• 218/2 Golding Street, Hawthorn
• 1/1526 Dandenong Road, Oakleigh
• G4/373-377 Burwood Highway, Burwood
• 24 Wattle Valley Road, Mitcham

Spiro Drossos

Managing Director

Barry Plant Eastern Group