Strong Buyer Confidence Driving Solid Sales and Record Leasing Activity

It has been another encouraging week across the Barry Plant Eastern Group, with strong sales results achieved across a number of our offices as buyer confidence continues to show positive signs across Melbourne’s eastern suburbs.

Despite the level of property available across the broader market, quality buyers are still very active, particularly for homes that are well positioned, well presented and priced in line with current conditions. We continue to see strong attendance at open homes and competitive engagement when the right property is presented to the market.

Family homes, properties located within sought-after school zones and well-renovated homes continue to attract the strongest interest. What is becoming increasingly evident is that buyers are prepared and informed, and when they identify the right opportunity, they are prepared to move decisively.

Alongside the positive momentum in sales, our Property Management division has also achieved a record-breaking leasing month, highlighting the continued strength of the rental market across the eastern suburbs.

Tenant demand remains extremely strong, with many properties attracting multiple enquiries and applications shortly after hitting the market. For landlords, this has translated into excellent leasing outcomes, minimal vacancy periods and strong rental returns.

With continued population growth and lifestyle demand driving rental enquiry, the leasing market remains highly competitive, providing confidence for investors across the region.

Overall, the past week has reinforced a key theme we are continuing to see across the Eastern Group — genuine buyers and tenants remain active in the marketplace, and when properties are positioned correctly with the right strategy, strong results are being achieved.

See below for this week’s impressive sales results:

• 83 Paxton Street, Malvern East Sold for $1,999,000
• 21 Greendale Road, Doncaster East Sold for $1,705,000
• 1/68 Saxonwood Drive, Doncaster East Sold for $1,500,000
• 28 Fielding Way, Templestowe Sold for $1,348,000
• 283 Blackburn Road, Mount Waverley Sold for $951,000
• 4A Narvik Crescent, Heidelberg West Sold for $930,000
• 36 Timor Parade, Heidelberg West Sold for $880,000
• 2/369 High Street, Templestowe Lower Sold for $710,000
• 2/184 Hawdon Street, Heidelberg Sold for $688,000
• 1/15 Doncaster East Road, Mitcham Sold for $625,000
• 2/24 Station Street, Cranbourne Sold for $590,000
• 4/517 Mitcham Road, Vermont Sold for $586,000
• 76 Deep Creek Drive, Doncaster East Sold!
• 3 Kamarooka Drive, Wattle Glen Sold!
• 6/178 Main Road, Lower Plenty Sold!
• 2/2 Hill Court, Doncaster Sold!

Currently under offer and will be sold soon:

• 57 Kelvin Ave, Montmorency
• 2064 Donnybrook Road, Yan Yean
• 3/8 Paterson Crescent, Greensborough
• 2/7 Graeme Avenue, Montmorency
• 97-99 Meander Road, Hurstbridge
• 90 Weidlich Road, Eltham
• 601/1 Grosvenor Street, Doncaster
• 2/314 George Street, Doncaster
• 218 Bulleen Road, Bulleen
• 5 Darnley Drive, Templestowe
• 4/30 Churchill Street, Doncaster East
• 1/40-42 Pitt Street, Ringwood
• 18 King Street, Doncaster East
• 2/4 Frank Street, Doncaster
• 1/37 Nelson Street, Doncaster
• 1/2 Sunhill Road, Templestowe Lower
• 35 Schafter Drive, Doncaster East
• 3/57-59 Anderson Street, Templestowe
• 20 The Boulevard, Heathmont
• 14 Warrien Court, Bayswater
• 6 Munro Street, Mitcham
• 29 Dunfield Avenue, Mitcham
• 17 Leafview Drive, Greenvale
• 34 Allumba Drive, St Helena

Spiro Drossos

Managing Director, Barry Plant Eastern Group

Proudly servicing Manningham, Whitehorse, Eltham, Ivanhoe & Balwyn