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Donvale price record tumbles on a Sunday

18 October 2015
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Donvale is not an area that you normally expect to see too many property auctions being conducted on a Sunday. However, we wouldn’t be surprised if we start seeing a few more Sunday auctions in this area if today’s result at 143-147 McGowans Road (pictured) is anything to judge by.

The public auction of this luxurious family home in Donvale’s exclusive “acre belt” attracted a huge crowd who watched as ten separate bidders fought it out for the right to call this impressive property “home”.

Not only was the eventual sale price of $4.5 million a full $1 million above the delighted vendor’s reserve price, but it exceeded the previous highest sale price for a residential property in Donvale by $700,000.

The previous record price of $3.8 million was set by the Barry Plant sales team late in 2014 for a home in Mullum Drive, Donvale.

The big Sunday auction results weren’t confined to Donvale either, as Barry Plant Manningham also conducted a remarkable auction at 73-75 Stintons Road in Park Orchards where 8 bidders pushed the price to $3.5 million, a result that was $600,000 over the vendor’s reserve price as well!

18 October 2015
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