Many media outlets have used speculation about interest rate hikes and the impending federal election to fuel the fire about a potential housing market crash this year. However, it’s not all doom and gloom for vendors in the municipalities of Manningham, Whitehorse, Banyule and Nillumbik. And here’s why.

Just as housing markets differ from city-to-city across the country, so too do suburbs within a city. Hence, it is really important to look at how individual suburbs are performing rather than employing a nationwide outlook.

The suburbs that the Barry Plant Eastern Group services within the municipalities of Manningham, Whitehorse, Banyule and Nillumbik continue to perform strongly. Our agents consistently receive a high volume of buyer enquiries, meet plenty of interested buyers at open homes and sell to buyers amid groups of competitive bidders at auctions.

This weekend was a case in point, where a number of auctions attracted plenty of buyers and generated fantastic sales results for our vendors.

Here’s a snapshot of today’s standout performers:

• 4 Nauru Court, Doncaster sold for $2,710,000
• 27 Campbell Court, Warrandyte sold for $2,517,000
• 25 Oak Crescent, Lower Templestowe sold for $1,666,000
• 52 Winston Drive, Doncaster sold for $1,575,000
• 17 Pinnacle Crescent, Bulleen sold for $1,500,000
• 12 Calderwood Street, Bulleen sold for $1,521,500
• 3 Riverview Terrace, Bulleen sold for $1,326,000
• 26 Russell Street, Bulleen sold for $1,265,000
• 13 Cygnet Avenue, Templestowe Lower sold for $1,210,000
• 3/62 Beverley Street, Doncaster East sold for $1,225,000
• 15 Duckett Street, Doncaster East sold for $1,068,000
• 2/57 Rose Avenue, Templestowe Lower sold!
• 44 Nirvana Crescent, Bulleen sold!
• 1/42 Astley Street, Templestowe Lower sold!

Currently under offer and will be sold soon:

• 26 Jeffrey Street, Templestowe Lower
• 5 Lomic Court, Templestowe
• 2 Daisy Court, Box Hill North
• 8 Hillside Road, Bulleen
• 3 Glover Street, Heidelberg Heights
• 12/15 Herlihys Road, Templestowe Lower

If you’d like to learn more about how your suburb is performing, contact one of our agents today for an obligation-free market insight.

Enjoy the rest of your weekend,

Spiro Drossos

Managing Director

Barry Plant Manningham, Whitehorse, Eltham and Ivanhoe