We hope you are having a wonderful weekend!

The realestate market is performing extremely well at the moment with listings volumes still low and buyer demand outstripping supply.

As of January 2021, the national dwelling market hit a record high value, against record low interest rates, a faster than expected economic recovery, and a strong mix of federal and state based housing stimulus measures.

With January now behind us, we reflect back on the best January sales results on record with 40 successful sales. Fuelled by an overwhelming buyer pool, and a serious case of FOMO buyers acted very quickly to secure the right home. February has kicked off in the same way with our eastern group recording many great sales this week and huge amount of offers (see below). Open home numbers were again at record levels this weekend and buyers moving very quickly to secure the right property.

Tips for sellers this week

1. Property presentation is crucial - get expert advice.
2. Have as much natural light as possible into the living areas - remove any unnecessary window furnishing.
3. Service your AC units - February and March are traditionally hotter months.
4. Have the section 32/contract of sale ready as many homes are only lasting 24 hours on the market.

Sold over the weekend:

• 29A Sonia Street, Donvale sold at Auction for $1,022,000
• G04/002 Foote Street, Templestowe sold for $467,000
• 4/21 Doncaster East Road, Mitcham sold for $783,500
• 24 James Avenue, Mitcham sold for $1,010,000
• 24 Majtlis Street, Blackburn North sold for $1,080,000

Currently under offer & will be sold soon:

• 218 Bolton Street, Eltham
• 205B/170 Manningham Road, Bulleen
• 402/9 Red Hill Terrace, Doncaster East
• 70/110 King Street, Doncaster East
• 41 Allison Crescent, Eltham North
• 5/374 High Street, Templestowe Lower
• 2/94 Rose Avenue, Templestowe Lower
• 1/174 Thompsons Road, Bulleen
• 50 Yarra Valley Blvd, Bulleen
• 13/881 Doncaster Road, Doncaster East
• 7 Cronus Court, Eltham
• 4/919 Doncaster Road, Doncaster East
• 19-23 North Valley Road, Park Orchards
• G02B/170 Manningham Road, Bulleen
• 16 Coolabah Drive, Eltham
• 3/15 Monaco Street, Doncaster
• 4/92 Main Road, Lower Plenty
• 48 Weerona Way, North Warrandyte

If you are thinking of selling, please call us to discuss our unique sales strategy. We have an excess of buyers wanting to buy immediately and properties that are ready to go are in hot demand.

If you are looking to buy, we have over 60 properties coming on the market this month. Get in touch with our agents today to view them early!

Spiro Drossos

Managing Director