Big turnouts and big results.
Everyone was talking about the return of the crowds to the football this week, but there was no shortage of crowds at many of our auctions this week as well, with the recent media coverage of the strength of the Melbourne property market seemingly attracting an increasing number of curious onlookers wanting to see what was happening for themselves.
Once again this week we saw competitive bidding at most of our auctions and many results that exceed expectations.
Here’s a brief summary of some more of our recent results:
Aberfeldie: 12/39 St Kinnord Street. Located among quality period homes within walking distance of the river, this updated one-bedroom flat sold well before the scheduled auction for $310,000.
Keilor East: 37 Nyah Street. A mix of new home builders and developers gathered for the auction of this original four-bedroom home on just over 600sqm. Five bidders pushed the price all the way to $1.022 million, more than 10% above the reserve.
Keilor Park: 2/550 Fullarton Road. A beautifully finished four-bedroom townhouse attracted competition from four bidders before exceeding expectations in selling for $710,000.
Niddrie: 31 Teague Street. Potential was the word on everyone’s lips when this three-bedroom home on around 650sqm exceeded its reserve in selling at auction for $1.22 million.
Strathmore: 3/40 Glenbervie Road. Moments from Napier Park and zoned for Strathmore College, this single-level three-bedroom unit sold prior to the scheduled auction for just under $1 million.
Strathmore: 129B Mascoma Street. An unusual transformation produced an unusual six-bedroom home with a pool. A battle that included an online bidder saw a very pleasing sale at $1.06 million.
Strathmore: 25 Hayes Road. Capturing impressive city views and offering extensive scope for entertaining, this striking five-bedroom home soared past our happy vendor’s reserve before selling for $1.85 million.
Make no mistake, the current conditions have made this a terrific time to be a seller in the City of Moonee Valley and surrounding suburbs. However, it’s important to remember that at some point in the future, the imbalance in the market must inevitable swing back more in favour of the buyer again. Thus, if you’d like to ‘strike while the iron is hot’, why not give us a call at Barry Plant Moonee Valley this week on 9319 1700.
We’d look forward to chatting with you.
Best wishes,
Bill Karp
Director – Barry Plant Real Estate
Keilor East & Essendon