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Quality listings are good news for home buyers

Real estate & property news
16 March 2019
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Whether you are looking for a stunning contemporary luxury home offering the ultimate in 21st century architecture, classic heritage styling in a sought-after pocket, or more modestly priced low-maintenance living options in some of this area’s better neighbourhoods, the new stock hitting the market has been well received by buyers.

The past couple of weeks have certainly provided some good news for buyers in the City of Moonee Valley and adjoining areas, with several outstanding properties hitting the market through the offices of Barry Plant.

Another piece of good news for buyers has been the first signs of a loosening of the purse-strings by the Banks following the Royal Commission. This has certainly been an issue for many buyers who have found the lenders slow to approve applications in recent months.

The good news for vendors is that our SOLD signs have continued to go up, despite the challenging conditions in some areas. These have included:

Essendon – 31 William Street

It was the future potential that attracted most of the buyer interest in this three-bedroom Californian Bungalow (pictured) on 435sqm of land within a short walk of the North Essendon Village shops, the trams and cafes on Keilor Road and Buckley Park. Ripe for renovation, but also appealing to those considering building a luxurious new home, this well-located opportunity sold for just over the $1 million-mark.

Keilor East – 5 Overland Place

This impressive, architect designed, double-storey four-bedroom home was situated in a well-regarded cul-de-sac close to Milleara Shopping Centre and St Peter’s Primary School. Framed by impressive hedged gardens and featuring appealing leadlights windows along the front facade, it certainly made a strong first impression which helped the team negotiate a successful mid-week sale at $935,000.

Keilor Park – 2B Kingston Street

Enjoying a quiet location near the Steeles Creek parklands and handsome street presence, this modern three-bedroom, two-bathroom townhouse made quite an impression on a variety of buyers, from investors to professional couples and first home buyers. This week’s auction benefitted from some experienced post-auction negotiations, with the SOLD sign going up at $570,000

Investors and developers may also be interested in taking a look at a mid-week auction that we have coming up this Thursday, March 21st, at 12 noon. The commercial property at 40 Fraser Street in Airport West comprises an older style factory/warehouse with two offices, staff amenities and ample off-street parking; and will be of interest to anyone looking to grow a business, collect a rental income or potentially rebuild in a well-established industrial estate.

Keep in mind that if you are weighing up whether this is the right time to make a move in the current conditions, the team at Barry Plant Moonee Valley are always happy to provide you with obligation-free advice and guidance, so feel free to give us a call on 03 9373 0000 at any time.

Real estate & property news
16 March 2019
Save Article

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