Long weekend brings another 100% success rate in Moonee Valley...
The strong start to the Winter market that we reported in LAST WEEK’S UPDATE continued unabated this week. Not only did the team at Barry Plant Moonee Valley achieve yet another 100% auction success rate for our vendors, despite the potential distraction of a long weekend, but we also noticed that another of one of our recent sales in Essendon was ranked as one of the top 5 private sales results in Melbourne in this Saturday’s Realestate lift-out in the Herald-Sun. So it’s been a positive start all round fo
As we often remind people, there is a real misconception about selling real estate on a long weekend in general, (and conducting auctions in particular). Experience has taught us that in the right circumstances conducting an auction on a long weekend can be highly productive, as there is usually less competition from other sellers on the day, and this proved to be the case this week. In fact, this week’s auctions achieved a combined total of $116,000 above their combined reserves!
Among some notable results this week were:
Ascot Vale: 18 Gillespie Avenue
Situated in the highly regarded Ascot Chase Estate, with the added appeal of being directly opposite Walter Reserve and the wetlands, this modern three-bedroom, two-bathroom town residence attracted strong interest from multiple buyers in the lead-up to this weekend’s auction. With easy access to popular Showgrounds Village, the restaurants on Union Road and the Maribyrnong River precinct, this stylish contemporary residence sold above reserve. As you can see in the photograph, all parties seemed very happy with the result.
Keilor East: 73 Rachelle Road
Capturing views to the City skyline from this elevated corner position, this stylish two-storey home made a real impact with a beautifully finished interior highlighted by a stylish stone and stainless-steel kitchen, the flexibility of three bathrooms, private alfresco dining and a sought-after location close to shops, parks and quality schools. A strong mid-week sale was the inevitable result of a productive campaign.
Niddrie: 2/9 Hutchison Street
The combination of a low maintenance, single-level floorplan and quick access to the Keilor Road Village cafés and shops, city trams and Freeways proved to be a popular one. So popular, in fact, that we conducted a mini auction in our offices between interested buyers, enabling our vendors to accept an early sale above their reserve rather than waiting for this weekend’s scheduled auction.
Now that the Queen’s Birthday long weekend is out of the way, sellers can look forward to an uninterrupted run all the way to September. If you would like to take advantage of the current shortage of available property and the boosted confidence among home buyers, feel free to give us a call this week on 03 9373 0000.