First timers continue to seize their chance
It seems that there are a growing number of first home buyers who are seeing past the media talk about rising interest rates and recognising that whilst the moves by the Reserve Bank are a short-term tactic to dampen inflation, the opportunity to get their foot in the door on the Melbourne property market has clear benefits over the longer term.
As a result, we are seeing positive levels of buyer activity in price ranges that are favourable to market entrants, with some excellent sales being completed recently in this price bracket. These have included:
Craigieburn: 405 Grand Boulevard. A free-flowing floorplan with multiple living zones and four bedrooms had strong appeal for local families, particularly with good access to the many amenities of the Highlands Estate. As a result this one was sold shortly after the auction with the contracts being inked at $612,000.
Gladstone Park: 2/20 Gabrielle Crescent. The opportunity to secure a three-bedroom villa within close proximity of schools, shops and transport options in the heart of Gladstone Park is not a common one, so it was no surprise to see strong buyer interest in this one from the moment it hit the market. Productive mid-week negotiations saw the SOLD sign go up here at $440,000.
Roxburgh Park: 12/11 Katsura Retreat. An appealing entry-level opportunity combining a rare park-side position with a high degree of convenience, this single-level three-bedroom home (pictured) attracted interest from a mix of market entrants, downsizers and investors before seeing the keys change hands at $480,000.
Don’t forget that is you are planning to sell in 2023, and keen to gain exposure for your property prior to Easter, then you really need to start getting the wheels in motion this coming week. So if you need assistance in making this happen, don’t hesitate to have a chat to our team at Barry Plant Gladstone Park on 9330 1088.
Best wishes,
Bill Karp - Director
Barry Plant Real Estate
Gladstone Park