It was a very successful auction day today for the Barry Plant Eastern Group despite the cold and wet Melbourne weather.

There was strong competition at most auctions today as buyers worked hard to secure a new home.

Speaking to buyers today regarding the latest interest rate rises, most buyers had factored the upcoming rises into their repayment amounts and were confident to bid and buy.

This week’s sales indicate buyers are still confident to get into the market sooner than later and we are also still seeing buyers committing to properties with strong offers, which is positive news for vendors.

Here’s a snapshot of homes that were successfully sold this week:

• 2 Flowerdrum Close, Templestowe sold for $1,600,000
• 4 Viewmont Court, Doncaster East sold for $1,530,000
• 1 Wilton Way, Doncaster sold for $1,401,000
• 501/1 Sovereign Point Court, Doncaster sold for $1,401,000
• 10 Dumossa Avenue, Bulleen sold for $1,425,000
• 16 Raven Street, Doncaster sold for $1,356,000
• 15 Avon Street, Bulleen sold for $1,275,000
• 12 Tamboon Drive, Greensborough sold for $1,200,000
• 3/19 Outhwaite Avenue, Doncaster sold for $1,000,000
• 2/20 Corella Street, Doncaster sold for $830,000
• G02/1 Red Hill Terrace, Doncaster East sold for $349,000
• 304/632 Doncaster Road, Doncaster sold for $325,000

Currently under offer and will be sold soon:

• 103/5 Red Hill Terrace, Doncaster East
• 2 Monckton Road, Templestowe
• 3 Mullum Drive, Donvale
• 32 Kenman Close, Templestowe
• 5/97 Whittens Lane, Doncaster
• 87 Lisbeth Avenue, Donvale
• 115 Santa Rosa Boulevard, Doncaster East
• 76 Meyrick Crescent, Viewbank
• 14 Dalveen Road, Ivanhoe

If you’d like to learn more about what impact the interest rate rise is having on the local market, contact one of our sales agents today for an obligation-free chat.

Spiro Drossos

Director – Barry Plant Manningham, Eltham, Whitehorse and Ivanhoe