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Buyers keen to move in the Spring sunshine

Real estate & property news
14 September 2019
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It seems that buyers in every price bracket, from the market entrants and property investors to those in the multi-million-dollar bracket, have recognized the opportunity that the current market is providing.

This week we saw some intense bidding duels at several auctions around the City of Moonee Valley and beyond, with some attracting as many as six, seven or eight separate sets of bidders. Not surprisingly, this resulted in some exceptional sale prices being achieved, with several exceeding their reserves by more than 10%.

Here are a few of this week’s success stories:

Aberfeldie: Arthur Street

Our recent run of strong off-market sales continued this week, with an eye-catching four-bedroom home just around the corner from Aberfeldie Primary school selling within a week of being listed for a very solid seven figure sum.

Keilor Park: 14A Latrose Street

This well-established three-bedroom home with the Steeles Creek parks at the end of the street attracted such strong interest that a sale at $735,000 was completed well before this week’s scheduled auction.

Moonee Ponds: 2/2 Mantell Street

This timeless three-bedroom townhouse (pictured) in one of Moonee Ponds’ most highly regarded streets confirmed the current levels of demand for quality low-maintenance living. Close to Puckle Street and Queens park, this beautifully presented attracted a good-sized crowd who watched six bidders compete fiercely for the keys. As a result, the bidding soared more than 10% above our happy vendor’s reserve, selling for a remarkable $940,000.

Moonee Ponds: 5/9 Turner Street

The combination of the low maintenance lifestyle of villa unit with your own street frontage and driveway proved a popular one, with our vendor’s reserve also being exceeded here. The sold sign went up at a very pleasing $776,000.

Niddrie: 2B Rutland Street

So popular was the auction of this brand new two-bedroom street-facing townhouse that after the auctioneer’s gavel fell at an impressive $656,500, we were able to negotiate a sale on the identical property next door to the losing bidders. One auction…two sales!

Oak Park: 1/29 Ethel Street

Marketed in concert with our colleagues at Barry Plant Glenroy, this generously proportioned three-bedroom unit attracted eight bidders who pushed the price all the way to $825,000. Again, this was more than 10% above our very happy vendor’s expectations.

The important thing to remember for anyone planning a sale this Spring is that results like these don’t happen by accident. They require careful planning and experienced advice. So, if you’re considering making a move, feel free to call us this week at Barry Plant Moonee Valley on 9373 0000.


Bill Karp

Director – Barry Plant Real Estate

Essendon & Keilor East

Real estate & property news
14 September 2019
Save Article

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