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Another 100pc result as buyers feel time pressure

Real estate & property news
19 October 2019
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There is no doubt that a substantial percentage of the current pool of homebuyers in the City of Hume are feeling the pressure to secure a property before the end of the year, particularly with a growing number of forecasters predicting property price rises in the next six to nine months.

This pressure to secure a property before values move upward too far is producing strong competition for the limited number of available properties, including another 100pc auction success rate this week for our team at Barry Plant Gladstone Park, which is great news for anyone planning a sale in the remainder of Spring.

Among our most recent successes were:

Gladstone Park: 2/5 Derwent Street

There was plenty of activity for the crowd who turned out to watch this week’s auction, with Barista-made coffee being topped off by a spirited bidding duel for the keys to this neat entry-level two-bedroom unit. A low opening bid of $370,000 didn’t slow the competition between an investor and a first-time buyer, with 32 bids being placed before the winning offer of $466,000 not only exceeded the reserve by a substantial percentage, but also the record price for the development! Both buyer and seller were really happy with the result.

Greenvale: 173 Greenvale Drive

Enjoying a much-admired position in the heart of Greenvale, this elevated double-storey home was a popular option for local families looking to upgrade, particularly with five bedrooms and three bathrooms adding to the possibilities. Another successful auction campaign concluded with the SOLD sign going up at $780,000 after an out of area buyer swooped.

Tullamarine: 3/56 Broadmeadows Road

Less than one year young and part of a boutique group of just four, this modern two-bedroom townhouse in the heart of Tullamarine offered a low maintenance lifestyle with easy access to all amenities. A mix of investors and first home buyers showed interest in this one, with a prompt mid-week sale being concluded at $500,000.

The good news for anyone wanting to achieve a positive sales result before the end of 2019 is that the door is still wide open, but the calendar is showing us that you won’t want to delay taking this step. So don’t hesitate to give us a call this week at Barry Plant Gladstone Park on 9330 1088.


Nick Pugliese – Director

Barry Plant Real Estate

Gladstone Park

Real estate & property news
19 October 2019
Save Article

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