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Buyer numbers still increasing

With all the recent media coverage lately on the growth in property values around Melbourne, it’s probably not that surprising that an increasing number of home buyers are choosing to make quick decisions about properties that they are inspecting, and to take immediate action if they like it.

This has resulted in a large number of properties being sold prior to their scheduled auction date. This weekend was a classic example, with four of our six scheduled auctions achieving excellent sales results well before the auction flag was due to go up.

Some of these results included:

St Albans: Magnolia Street. The strongest interest in this three-bedroom home, just around the corner from the St Albans Meadows Primary School, came from a mix of first home buyers and investors. It didn’t take long for a strong mid-week sale to be negotiated at $570,000.

Hillside: Lorraine Court. Another of this week’s scheduled auctions which achieved a result early, this well-renovated three-bedroom townhouse near Parkwood Green Primary School sold for $505,000.

Hillside: Golden Way. As we mentioned last week, this four-bedroom home (pictured) in Bellevue Hill Estate attracted immediate interest as soon as it hit the market, selling for over $660,000 in the first week of its campaign.

Caroline Springs: Meyers Lane. Combining sleek contemporary styling and a high degree of convenience, this four-bedroom townhouse was snapped up well before this week’s scheduled auction, with the SOLD sign going up at $656,000.

Caroline Springs: Scarvell Crescent. Originally scheduled for auction next week, this good looking three-bedroom home attracted such strong interest that we moved the auction forward by a week. After an opening bid of $500,000, a total of seven bidders placed 37 bids before the gavel fell at a remarkable $696,000, which was more than 10% above our ecstatic vendors’ reserve!

Taylors Lakes: Lynne Court. This beautiful heritage-inspired four-bedroom home located within strolling distance of Watergardens was another to enjoy an early conclusion to its proposed auction campaign, selling for a very satisfying $840,000.

Results like these provide further confirmation of the fact that this really is a great time to be in the market if you are selling in the City of Brimbank. So if you would like to discuss your property plans for 2021 or are looking for some experienced advice on how to make the most of the current opportunities, feel free to give the team at Barry Plant St Albans a call this week on 9367 7044.

Cheers,

John Aaron Nakic & James Hatzimoisis

Directors – Barry Plant Real Estate

St Albans, Taylors Lakes & Caroline Springs