Buyers showing confidence in the inner-north

However, the good news from a real estate perspective is that there was no sign of a drop-off in buyer numbers at all, confirming what we’ve been saying about the level of confidence in the inner north's property market.

We saw further confirmation of this during the week when our team negotiated a strong sale of a ground-floor apartment in Benambra Street in Preston West (pictured).

This property began life as part of an older-style apartment building. However, the complex underwent a major renovation several years ago and looked more like a modern development in its present form. The location was a major attraction here, being an attractive leafy street within walking distance of the popular Coburg Hill shopping strip, Newlands Primary School, local parks and the trams on Gilbert Road.

Offering two bedrooms with built-ins, stainless steel appliances in the kitchen, fully tiled bathrooms and a private terrace, with a solid catalogue of inclusions extending to reverse cycle heating and cooling, and a video security system. This property attracted interest from a range of buyers, including first-home buyers and investors. With both buyer groups expressing plenty of confidence about the future of the property market in the inner north, it was no surprise to see good competitive interest between buyers resulting in an excellent sale at $425,000.

If the extra thinking time that the long weekend offers has got you thinking about making a move, and you’re keen to find out what your property could achieve in the current market so that you can plan your move with confidence, the team at Barry Plant Inner North is always happy to provide you with experienced, obligation-free advice. Fee free to give us a call.