As the pool of available properties gets smaller and smaller in the lead-up to Christmas, there have been some big results achieved for some of the more popular homes in each price segment. An air of desperation seems to be creeping into some buyers as they scramble to make a purchase before the year is out, often wanting to cement a place in their coveted school zone.

There is also some positive news for Melbourne prices heading into 2024!

Well, it turns out that Sydney and Melbourne have been keeping pace with almost identical property price growth trends which have continued for the last 20 years. Yet in 2023, Sydney prices rose by 10.8% and Melbourne by only 3.4%. Many economists are saying that this leaves Melbourne with sizeable growth potential as it reverts to its standard position of matching Sydney’s growth. With population growth forecast to continue and with more immigrants choosing Melbourne over Sydney, we can quickly see the opportunity for Melbourne prices to surge.

I guess we’re never sure when the next turn in prices might be but if you’re a buyer at the moment, now might be a very opportune time to get into the market.

Of course, if you’re looking to buy or sell, you can always contact our team who are here to help. We at Barry Plant Manningham are always ready to listen so that we can help you make the very best choices you can.

Please see below our impressive sales for the week!

• 1 White Lodge Court, Donvale sold for $3,000,000
• 3 Carel Court, Park Orchards sold for $2,550,000
• 82 Perversi Avenue, Diamond Creek sold for $2,120,000
• 11 Calderwood Street, Bulleen sold for $1,450,000
• 8 Darebin Street, Heidelberg sold for $1,438,000
• 25 Margot Avenue, Doncaster sold for $1,405,000
• 9 Keith Court, Research sold for $1,405,000
• 1 Glenmore Street, Macleod sold for $1,218,000
• 45 Wetherby Road, Doncaster sold for $1,055,000
• 2/35 Harold Street, Bulleen sold for $1,033,415
• 2/32 Bass Street, Box Hill sold for $930,000
• 3/412-414 Church Road, Templestowe sold for $911,000
• 17 Daphne Crescent, Hurstbridge sold for $825,000
• 4/2 Freeman Street, Ringwood East sold for $650,000
• 1/9 Glendale Avenue, Templestowe sold for $600,000
• G02/125 Bell Street, Ivanhoe sold for $435,000
• 104/101 Tram Road, Doncaster sold for $420,000
• 25 Bickleigh Vale Road, Mooroolbark sold!
• 2 Oakdale Rise, Diamond Creek sold!

Currently under offer and will be sold soon:

• 8 Landy Close, Mill Park
• 50 Linton Court, Doreen
• 29 View Hill Crescent, Eltham
• 7 Vine Street, Eltham
• 16 Oban Road, Ringwood
• 79 Beverley Road, Heidelberg
• 7 Mopoke Hill Road, Warrandyte
• 3/17 Heysham Way, Templestowe
• 11 Berwyn Crescent, Templestowe
• 1/51 Warrien Road, Croydon
• 1A Gympie Street, Bulleen
• 105/927 Doncaster Road, Doncaster
• 271A Blackburn Road, Doncaster East
• 45 Paula Crescent, Doncaster East
• 48 Serpells Road, Templestowe
• 8 The Parkway, Templestowe
• 4 Aurum Crescent, Ringwood North
• 62 Holland Road, Ringwood East
• 107A Atkinson Street, Templestowe
• 340 Middle Hut Road, Doreen
• 47 Domain Drive, Beveridge
• 1 Pepper Court, Wattle Glen
• 2 Oakdale Rise, Diamond Creek
• 1 Glen Gully Road, Eltham North
• 294 Nell Street, Watsonia
• 3/3-5 Skeffington Street, Bellfield
• 1/136 Parker Street, Templestowe
• 38,40 & 42 Chippewa Avenue, Donvale
• 6/4 Bowens Road, Ringwood

Spiro Drossos

Managing Director

Barry Plant Eastern Group