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Home buyers maintain their motivation

Real estate & property news
11 February 2023
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There’s a growing perception among many of the people we’re talking to in the real estate world that quite a few buyers are viewing the increases to official interest rates by the Reserve Bank as a kind of “new norm”…sort of a short term blip that will soon become a memory rather than something we need to consider long term.

That attitude certainly seems to be evident among quite a few of the buyers we’ve been dealing with, as this cross-section of recent sales results shows:

Keilor Park: 2/18 Snow Street. This week’s auction of this attractive two-bedroom, two-bathroom townhouse in a commuter-friendly location saw four bidders contesting before the gavel fell above our vendor’s reserve at $641,000.

Maribyrnong: 214/20 Pier Lane. Situated within the prestigious Edgewater Estate, this two-bedroom apartment in the Marina complex attracted interest from a variety of buyers from market entrants and downsizers to investors, before the SOLD sign went up during the week at $690,000.

Moonee Ponds: 120 Pascoe Vale Road. This rare opportunity to invest in a prominently positioned retail investment with a Commercial 1 zoning produced a satisfying mid-week sale at $740,000.

Pascoe Vale: 48 Northumberland Road. This three-bedroom home had one key facet that attracted more interest than any other, the fact that it backed directly onto parkland. Competitive mid-week negotiations produced a prompt result.

Strathmore: 201/82 Bulla Road. Part of a modern low-rise building close to DFO, this two-bedroom apartment was sold for $480,000 (pictured).

On top if these pleasing results, our team also has a number of properties under offer, with the final details to be confirmed in the coming days. These include properties in Airport West (2), Keilor East (2), Maribyrnong, Moonee Ponds and Strathmore.

Results like these provide further proof of the underlying confidence that many Melbourne residents have in moving forward with their property plans in 2023. So if you would like a chat with an experienced expert in the Moonee Valley property market, you can give us a call this week at Barry Plant Moonee Valley on 9319 1700.

We’re always happy to help.

Best wishes,

Bill Karp

Director – Barry Plant Real Estate

Keilor East, Essendon & Gladstone Park

Real estate & property news
11 February 2023
Save Article

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