Quality bidding in the $2 million plus price bracket
It was interesting to see an article in Saturday’s Herald-Sun focusing on activity in the top end of Melbourne’s property market. The article by Samantha Landy headed “Mansions go mad” suggested that “Melbourne’s multi-million-dollar top-end property market has never been stronger with mansions changing hands for sums never before seen in the city.”
Whilst this week’s activity in our local property market hasn’t quite hit some of the numbers mentioned in the article, we certainly saw some strong results in the $2 million-plus price bracket, with two very pleasing sales being achieved in this price range on Saturday alone.
Among some of our most recent were:
99 Charles Street, Ascot Vale
A fully-cleared site of 939sqm with plans and permits for three homes with street frontage attracted the attention of several local builders and developers. Boasting a sought-after Whiskey Hill address and adjoining a reserve, this was a rare development opportunity indeed, so it was no surprise to see it sell for a very solid $2,187,500.
3/27 Harold Street, Ascot Vale
Capturing breathtaking views of picturesque Fairbairn Park and the Maribyrnong River parklands from a large wraparound balcony, this thoughtfully renovated 2-bedroom apartment surprised quite a few onlookers when the SOLD sign went up at $492,000.
32A Cameron Street, Airport West
This generously proportioned single-level 3-bedroom home offered a low-maintenance lifestyle within close proximity of Essendon Fields and the Keilor Road café precinct. This ap[pealing property was sold for $932,500.
80A Roberts Street, Essendon
Combining striking contemporary architecture with a sought after address close to several highly regarded schools, this impressive 5-bedroom home luxury home (pictured) with a pool produced a highly satisfying sale after three bidders took the price all the way to $2.5 million.
As you can see from this selection of recent results, it’s not just the $2 million-plus bracket that is experiencing solid demand. In fact, other recent results have included a couple of apartments selling either side of the $500,000-mark, and some other strong sales in the $600,000’s and $700,000’s.
So, no matter what price bracket you think your property may fall into, if you’d like to chat about the best ways and times to make a move, (particularly now that the days are starting to get longer again), don’t hesitate to give us a call.