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100 Sales in 60 Days as Buyer Confidence Returns

16 November 2019
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Melburnians may have missed out on the uplifting Spring weather this year, however, the season didn't fail to shine on Melbourne's housing market.

Access to cheaper money drove a positive change in buyer sentiment resulting in an increased number of buyers competing over a limited supply of homes for sale in the market. Due to this, we have seen a rise in property values of up to 5.3% across Melbourne throughout the past three months.

Throughout November, thus far, in the municipalities of Whitehorse, Manningham, Banyule and Nillumbik there has been an influx of properties hitting the market. Despite this, demand continues to outstrip supply further highlighting the strong competition from buyers. The increased demand combined with our team's unique buyer strategy has translated into 100 sales in 60 days and a combined 90% auction success rate for the Barry Plant Eastern Group.

Whether you are looking to buy or sell, speak with one of our team members today to discuss how we can help you achieve your property goals.

Sales from our team this week include:

150 Allendale Road, Eltham

17a Ingrams Road, Research sold for $912,000

41 Wycliffe Crescent, Eltham sold for $935,000

16 Nundah Drive, Eltham sold for $857,500

87b Franklin Street, Eltham sold for $919,000

38 Maggs Street, Doncaster East sold for $830,000

6 Calderwood Street, Bulleen sold for $1,336,000

13A Bruce Street, Bulleen sold for $1,051,000

68 Morang Avenue, Templestowe Lower sold for $1,200,000

20 Latrobe Street, Bulleen sold for $1,040,000

15 William Street, Donvale sold for $1,100,000

2/57 Manningham Road, Bulleen sold for $675,000

14 Edgevale Road, Bulleen sold for $955,000

21 Spring Valley Drive, Templestowe

11 Mapledene Court, Templestowe sold for $1,320,000

313/21 Queen Street, Blackburn sold for $515,000

Under Offer:

8 Elmwood Rise, Eltham North

1/407 Ryans Road, Diamond Creek

10 Pamela Court, Warrandyte

Enjoy the rest of your weekend! - Spiro Drossos, Director, Barry Plant Manningham, Whitehorse and Eltham

16 November 2019
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