Looking at the housing value growth over the last five years to January 19, nationally values increased by 19.5% while Melbourne homes saw a 29.6% increase in value, pipping Sydney once again who came in at 28.9%.

There have been some interesting sales this week, starting with a five-bedroom home in Lower Templestowe.  Perched on a substantial block of land and close to all amenities the property offered a very comfortable home with pool, development potential or even the ability to sub-lease a separate portion of the home.  The property sold for $2,100,000. Meanwhile, a virtually brand-new executive 4-bedroom residence in Box Hill North sold for $1,335,000.

This week’s sales from our team include:

• 295-299 High Street, Templestowe Lower sold for $2,100,000
• 281 Blackburn Road, Doncaster East sold for $900,000
• 55a Bellevue Avenue, Doncaster East sold for $1,330,000
• 8 Lomond Court, Warrandyte
• 10 Wakefield Place, Templestowe sold for $1,300,000
• 20 Hotham Street, Templestowe Lower sold for $900,000
• 31 Powers Street, Donvale sold for $1,320,000

Currently under offer:

• 3 Adelyn Avenue, Donvale
• 20 Rye Street, Mitcham
• 2/9-11 Leach Street, Briar Hill
• 2/55 Russell Crescent, Doncaster East
• 2/114 Thompsons Road, Bulleen
• 8 Sandra Street, Bulleen
• 89 Hodgson Street, Templestowe Lower
• 17 James Street, Templestowe Lower
• 6 Fairbank Crescent, Templestowe
• 170 Macedon Road, Templestowe Lower
• 5/216 Templestowe Road, Templestowe Lower