In these post-Covid times, many vendors have wrestled with the idea of listing their homes. Well, it seems that many have taken confidence from the current landscape where interest rates have almost certainly peaked.

Auction volume numbers have been up on “same time last year” figures from the very start of 2024. Last week, Labour Day weekend, saw nearly 40% more homes go under the hammer than the same weekend in 2023. The REIV are expecting some 1600 homes to be auctioned this weekend making it one of the biggest auction weekends in recent times.

The market however is holding firm. Clearance rates seem to be holding around 70% which is considered by many as a balanced market.

If this “balance” seems like the right environment for you to make your move, our team at Barry Plant Manningham would love to help you through the process. Why wouldn’t we? After all, we’re just people helping people to get to where they want to live.

Please see below our impressive sales for the week!

• 21 Nicholson Street, Balwyn North sold for $2,600,000
• 128 Polaris Drive, Doncaster East sold for $1,892,000
• 26 Katrina Street, Blackburn North sold for $1,830,000
• 4 Wagon Road, Templestowe sold for $1,525,000
• 14 Fairbank Crescent, Lower Templestowe sold for $1,521,000
• 9 Woodland Avenue, Croydon sold for $1,365,000
• 1/113 King Street, Templestowe sold for $1,265,000
• 23 Heath Street, Templestowe Lower sold for $1,260,000
• 12 Hillside Road, Bulleen sold for $1,200,000
• 1/4 Darryl Street, Bulleen sold for $998,000
• 9 Montanus Court, Ringwood sold for $985,000
• 2/41 Surrey Road, Blackburn North sold for $868,500
• 15/97 Whittens Lane, Doncaster sold for $625,000
• 4/10-12 Brunswick Road, Mitcham sold for $485,000
• 4 Millard Street, Lower Templestowesold!
• 468 Grimshaw Street, Bundoora sold!
• 5/68 Dorking Road, Box Hill sold!

Currently under offer and will be sold soon:

• 129 Westering Road, Christmas Hills
• 10 Riverview Terrace, Bulleen
• 13 Serafini Court, Eltham North
• 1 Regina Court, Eltham
• 193 Ryans Road, Eltham North
• 25 North Haven Drive, Epping
• 1/136 Parker Street, Templestowe
• 201/1 Mitcham Road, Donvale
• 6 Swansfield Court, Warrandyte
• 3/113 King Street, Templestowe
• 174 Blackburn Road, Doncaster East
• 16/107 Whittens Lane, Doncaster
• 310/1 Danks Street, Port Melbourne

Spiro Drossos

Managing Director

Barry Plant Eastern Group