Melbourne’s population hit the five million mark during the week with 125,000 people being added in the past year.  Housing this ever-increasing population poses challenges; do we increase our inner suburban housing density by building high-rises and encouraging townhouse and unit developments or do we continue to develop estates on our urban fringe?  Whichever way the planning goes, with this sort of population growth, the established residential real estate market in Melbourne should certainly continue to provide long-term asset growth.

A report from Core Logic shows that auction volumes have slowly started to increase over the last couple of weeks across Australia’s capital cities. Traditionally in Melbourne, the end of the Home and Away season of AFL football signals the beginning of the busy spring real estate market.  If you’re thinking of selling in spring, I’d be happy to talk to you about a targeted marketing campaign to get you the best result.

Homes that were sold this week include:

• 319 Tindals Road, Warrandyte for $2,650,000
• 15 Wiarando Court, Doncaster East for $1,230,000
• 8 Cerberus Street, Donvale for $1,045,000
• 12/38 Oban Road, Ringwood for $940,000
• 84 Helene Street, Bulleen
• 18 Latrobe Street, Bulleen for $1,241,000
• 205/927 Doncaster Road, Doncaster East
• 2/46 Beverley Street, Doncaster East for $745,000
• 2/425 Main Road, Montmorency
• 35 Antoinette Boulevard, Eltham for $1,300,000
• 247 Pitt Street, Eltham for $930,000
• 16 Glenister Drive, Eltham for $782,000
• 8 Keryn Close, Templestowe
• 88 Golden Way, Bulleen for $1,050,000

Currently under offer:

• 350a Porter Street, Templestowe
• 5 Melaleuca Avenue, Templestowe Lower
• 3 Crofton Terrace, Doncaster East
• 90 Tunstall Road, Donvale
• 40 Hildebrand Road, Cottles Bridge
• 6 Bridgeford Avenue, Blackburn North
• 6/117 Mitcham Road, Donvale