Buyer interest solid despite RBA move
The property market in the City of Moonee Valley and surrounding suburbs is continuing to move forward steadily and consistently, despite the expected announcement by the Reserve Bank this week to lift official interest rates by another fifty basis points.
Indeed, several of this week’s scheduled auctions were sold during the week, which is a sure sign of the underlying confidence that many buyers have about real estate in this part of Melbourne.
Here’s the details of some of our most recent results:
Airport West: 153 Victory Road. This low maintenance single-storey three-bedroom home offered easy walking access to Westfield made use of our unique Sale by Set Date® and sold well before offers were due to close for a pleasing $795,000.
Airport West: 1/38 Hart Street. Enjoying easy access to Essendon Fields as well as the cafes on Keilor Road, this spacious four-bedroom, three-bathroom front townhouse brought a productive auction campaign to a successful conclusion, selling for $810,000.
Avondale Heights: 217 Military Road. Potential was the word on everyone’s lips at the auction of this older three-bedroom home on around 623sqm of land. The gavel fell at $836,000.
Flemington: 6/39 Dover Street. The appeal of the city fringe location of this two-bedroom apartment was evident, with the keys changing hands before this week’s scheduled auction. The deal was sealed at just under $400,000.
Keilor East: 20 Limestone Avenue. Situated directly across the street from Peregrine Reserve and a short walk from Valley Lake, this delightfully contemporary double-storey home of four bedrooms and a home office with three bathrooms was sold just prior to this week’s scheduled auction for $1.655 million.
Travancore: 1219/18 Mt Alexander Road. Part of the striking ALT complex on the edge of the CBD, this modern two-bedroom apartment attracted interest from a mix of market entrants and investors, the latter finding appeal in the fact that it already had tenants until November. Competitive mid-week negotiations saw the SOLD sign go up just under the $300,000-mark.
As you can see above, property in the Moonee Valley area continues to sell, and many of them are achieving prices that have exceeded expectations. So if you are considering making a move, right now might be an ideal time to do so while values are still clearly holding up so positively. If you’d like to chat about your options, why not give us a call this week at Barry Plant Moonee Valley on 9373 0000.
Cheers,
Bill Karp
Director – Barry Plant Real Estate
Essendon, Keilor East & Gladstone Park