Autumn kicks off with active buyer interest
This was the week that a very solid Summer season turned into Autumn, and it was pleasing to see that the strong buyer activity levels we have been reporting in recent months continued unabated.
This cross-section of recent results shows activity in all areas and price ranges:
Airport West: 20 Watt Street. Offered with an approved permit for two new residences, this generous site of around 741sqm right beside the schools (pictured) sold around a week prior to this week’s scheduled auction at $1.02 million.
Essendon: 46 Forrester Street. This meticulously maintained three-bedroom Art Deco home with excellent access to elite schools enjoyed a very satisfying auction sale with three bidders taking the price well above the reserve before the gavel fell at $1.752 million.
Essendon: 11 Monica Street. Competitive negotiations saw the keys to this thoughtfully renovated and extended four-bedroom Californian Bungalow with a pool change hands during the week.
Keilor East: 1/2A Scurrah Court. Set against a tranquil background of the Steele Creek parklands, this free-standing two-bedroom unit attracted good interest from a mix of market entrants and investors, with three bidders taking the auction above our vendors’ expectations to a very pleasing $653,500.
Moonee Ponds: 720/40 Hall Street. The outstanding residents’ facilities in this apartment building proved popular, with a Sale by Set Date® campaign producing an early sale of this two bedroom gem at $590,000.
Niddrie: 4/44-46 Carrington Road. This light-filled three-bedroom unit situated moments from the Keilor Road cafes sold prior to this week’s scheduled auction, achieving $700,000.
Strathmore: 13/366 Pascoe Vale Road. A convenient location near Strathmore Station saw this single-bedroom apartment sold well before offers were due to close on another Sale by Set Date® campaign.
The consistency shown in results like these is further evidence of the depth and breadth of buyer demand for property in the City of Moonee Valley and surrounding suburbs right now. So if you are thinking about making your next move soon and would like some experienced advice and marketing tips from local market experts who can make a real difference to your result, I would invite you to get in touch with our team at Barry Plant Moonee Valley by calling 9319 1700 this week.
Regards,
Bill Karp
Director – Barry Plant Real Estate
Keilor East, Essendon & Gladstone Park