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$3 Million sale confirms market confidence

If you’ve been wondering about the underlying strength of the Moonee Valley property market as we head towards the end of what has been an interesting year, one of this week’s more notable results would have provided some valuable insights.

The fact that four very determined buyers pushed the price of a brand new home in Essendon above the $3 million-mark despite the recent interest rate rise probably says more about the buyers’ state of mind than I ever could.

And that was just one of the recent sales results that got local homeowners talking, as this summary shows:

Airport West: 3/74 McNamara Avenue. One of four in a modern collection near the shops, this two-bedroom townhouse saw the contracts inked during the week at $650,000.

Brunswick: 4A Sturrock Street. Combining contemporary architecture with a 6-star energy rating, this three-bedroom home attracted strong early interest, selling prior to this week’s scheduled auction.

Essendon: 69 Nimmo Street. As mentioned above, this brand new five-bedroom contemporary showpiece with a pool located opposite Buckley Park College attracted strong bidding from four separate buyers, resulting in an impressive sale above $3 million, which was well above out happy vendor’s expectations.

Keilor East: 11 Valley Lake Boulevard. One of the few remaining vacant homesites in the highly regarded Valley Lake Estate (pictured), this 439sqm block found new owners during the week.

Moonee Ponds: 22/51 Buckley Street. A sought-after position close to Queens Park and the cafes on Puckle Street added to the appeal of this single-bedroom flat, with a prompt sale being completed at $279,000.

Niddrie: 8 Albert Street. A quiet and convenient location near Rosehill Secondary College enhanced the appeal of this three-bedroom terrace, with mid-week negotiations producing $830,000.

Niddrie: 41A Carrington Road. A stylish single-level floorplan with its own frontage made this low maintenance three-bedroom home a popular inspection, with a strong mid-week sale soon finalised.

Don’t forget, the current market in the City of Moonee Valley and surrounding suburbs is one that is still providing exciting opportunities for buyers and sellers alike…but it is also a market where experienced advice can make a real difference to your result.

So if you are weighing up your options, feel free to touch base with our team at Barry Plant Moonee Valley this week by calling 9319 1700.

Cheers,

Bill Karp

Director – Barry Plant Real Estate

Keilor East, Essendon & Gladstone Park

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