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News Fierce bidding drives a strong weekend of Auction results

Fierce bidding drives a strong weekend of Auction results

How long will this market last?

Family homes and lifestyle properties once again lead to strong results this week!

The question I am being asked at every open home and auction is 'how long will this market last?' Without having a crystal ball I don't know for sure, however, this is what I know at the moment

More buyers are looking for properties than the available supply and buyer confidence is at an all-time high. Buyers are making decisions quickly and there are multiple buyers are competing at most auctions.

Interest rates are still at record lows and with International borders closed the demand is driven by locals.

Private sales are being taken off the market within the first week as buyers make strong offers to secure homes after the first inspection.

Now, we know nothing lasts forever. At some point supply will catch up with demand and we will enter into a more balanced market. But for now, the market is very strong for sellers and that is expected to continue for the winter months ahead.


Below are our sold properties this week:

  • 14 Conos Court, Donvale sold for $2,610,000
  • 14 Margaret Street, Research sold for $1,900,000
  • 7 Streeton Lane, Doncaster East sold for $1,630,000
  • 105 Macedon Road, Lower Templestowe sold for $1,620,000
  • 39 Pinnacle Crescent, Templestowe Lower sold for $1,530,000
  • 33 Lynwood Parade, Templestowe Lower sold!
  • 103 Landscape Drive, Doncaster east sold!
  • 36 Lawanna Drive, Templestowe sold for $1,390,000
  • 4 Jason Court, Donvale sold for $1,300,000
  • 12 Quelltaler Place, Vermont South sold for $1,490,000
  • 124 Thompsons Road, Bulleen sold for $1,390,000
  • 10 Rosemary Court, Viewbank sold for $1,280,000
  • 36 Bambara Road, Hurstbridge sold for $1,030,000
  • 3H Ashford Street, Templestowe Lower sold for $1,000,000
  • 193 Ryans Road, Eltham North sold for $720,000
  • 2/39 Glebe Street, Forest Hill sold for $623,000
  • 9/16 Ashted Road, Box Hill sold for $552,000
  • 205A/164 Manningham Road, Bulleen sold for $530,000
  • 2/194 Manningham Road, Bulleen sold for $517,500
  • 206A/164 Manningham Road, Bulleen sold for $495,000

Under offer & will be sold soon:

  • 191 Ryans Road, Eltham North
  • 26 Florence Avenue, Donvale
  • 19 Pleasant Road, Bulleen
  • 1/4 McKellar Street, Watsonia
  • 6/8 George Street, Doncaster East
  • 68/37 Victoria Street, Doncaster
  • 5/112 Parker Street, Templestowe Lower
  • 3/1326 Main Road, Eltham
  • 1/23 Buckingham Crescent, Doncaster
  • 3 Lomond Court, Warrandyte
  • 14 Kennedy Street, Glen Waverley
  • 106 Lyon Road, Viewbank
  • 38 Kardinia Crescent, Warranwood

There is no slowing down through the school holidays. If you are thinking about buying or selling, we look forward to assisting you.

Kind regards,

Spiro Drossos

Managing Director

Barry Plant Manningham | Whitehorse | Eltham | Banyule

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