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Buyer numbers climb by 72%

The news this week that buyer activity levels on realestate.com.au are currently tracking at more than 70% above the level recorded a year ago, (when the last peak in the market was achieved), probably goes a fair way to explain why Corelogic confirmed this week that property prices have now more than recovered all of the ground lost during the turmoil of 2020.

In fact, I can confirm that our group has just recorded its strongest quarter for property sales in three years, confirming just how strong buyer demand is right now.

Here’s a rundown of some of the recent activity in the City of Brimbank:

Delahey: 2 Duneed Way. Situated moments from Copperfield College, this neat three-bedroom home had plenty of appeal for those looking to get their foot in the door of a competitive market, along with several locals who were keen to downsize. Some productive mid-week negotiations saw the SOLD sign go up at $487,000.

St Albans: 3/4 Levenia Street. Located between Victoria University and Sunshine Hospital, this neat two-bedroom unit attracted interest from as many investors as first home buyers. The keys changed hands at a very satisfying $465,000.

St Albans: 1 Orion Avenue. Potential seemed to be the word on everyone’s lips when they inspected this three-bedroom home in a popular pocket of St Albans West. Despite the need for some TLC, the keys changed hands at a very pleasing $605,000.

St Albans: 9 William Street. A large allotment of around 770sqm and the extra flexibility of a second living zone added to the appeal of this three-bedroom home which was offered for sale for the first time. A very strong result was achieved in a pleasingly short time.

Maidstone: 180 Ballarat Road. A mix of local builders, developers, investors and homebuyers all showed interest in the possibilities offered by this three-bedroom home on over 840sqm. Competition did the rest, with the sale being completed at $1.1 million.

Caroline Springs: 10 Holcolme Street. Being right around the corner from Oakview Parade Reserve, this modern single-level four-bedroom home certainly struck a chord with young families. The value of professional post-auction negotiations was quickly proven when the contracts were inked at $660,000.

Taylors Lakes: 2 Roper Court. This neat four-bedroom home in Keilor Lodge had been scheduled for a mid-week twilight auction just prior to the Easter break. However, strong buyer interest from the moment it hit the market produced a compelling early offer of $745,000 which convinced our happy vendors to cancel the auction.

Market statistics like those above, along with recent sales results across Brimbank, are certainly cause for confidence for anyone thinking of making a move this Autumn. If you’d like to discuss your options on how to achieve a better-than-expected result for your own property, you can give the team at Barry Plant St Albans a call this week on 9367 7044.

In the interim, I hope you and your family are having a relaxing Easter break.

Cheers,

John Aaron Nakic & James Hatzimoisis

Directors – Barry Plant Real Estate

St Albans, Taylors Lakes & Caroline Springs