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Awareness of Brimbank market growing

After achieving yet another 100 per cent auction success rate for our vendors this week in the midst of the ongoing lockdown restrictions, it’s no surprise that the Brimbank property market is attracting the attention of an increasing number of buyers, investors and market commentators.

If you happened to glance through the Herald-Sun on Saturday, (September 11th), you would have seen that not only was one of our listings in Hillside featured in the Realestate liftout, but that several suburbs in the Brimbank and Melton municipalities were mentioned among the Top 40 suburbs that offer the best buyer value in Melbourne.

Among the list of local suburbs that were ranked among that Top 40 were Albanvale, Kings Park, Melton, Melton South and Melton West, which is another feather in the cap of local homeowners, and those that are keen to join their ranks in 2021.

This level of interest is also reflected in the strong results that our team is continuing to achieve. Recent examples have included:

Burnside Heights: 13 Redbox Crescent. Being within walking distance of two Primary Schools as well as Tenterfield Park, it was no surprise to see this good looking single-level four-bedroom home (pictured) attract enquiries from numerous young families. As a result, the SOLD sign went up after a strong mid-week sale produced $700,000.

Hillside: 22 Sainsbury Avenue. This neat three-bedroom home near Parkwood Green Primary School reflected the strength of the first home buyer market at the moment, with 76 online enquiries being received during the short campaign. Our online auction saw six registered bidders, including interest from interstate, saw the bidding soar well beyond the reserve before settling at a very satisfying $687,700.

Maidstone: 7 Lindenow Street. This rather dilapidated weatherboard home was no longer liveable, but there was plenty of potential in the allotment of around 525sqm. A highly effective campaign which we ran in synergy with our Sunshine office attracted 16 registered bidders for Saturday’s online auction, of which at least eight competed strongly. A total of 45 bids were placed, pushing the price well beyond our ecstatic vendor’s reserve of $870,000 before the gavel finally fell at a remarkable $1,068,000.

As we get closer to the target of 70% of eligible Victorians having had at least one vaccine jab, (when some of the property inspection restrictions are expected to be eased), anyone planning on selling this Spring should be getting busy preparing their property so that you can hit the ground running from the moment buyers are allowed to come and see it.

So if you need any advice or assistance, or perhaps even a virtual update on what your property could achieve in this high-demand market, be sure to give us a call this week at Barry Plant St Albans on 9367 7044.

Regards,

John Aaron Nakic & James Hatzimoisis

Directors – Barry Plant Real Estate

St Albans, Taylors Lakes & Caroline Springs

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