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Local property market off to a flying start

It may still be early days for the 2018 property market, but I think it’s fair to say that the news for the property market generally, and the local property market in particular, have been really positive so far this year.

Our team at Barry Plant Sunshine has been experiencing very strong demand in all areas and price ranges throughout January, with some outstanding results being achieved for some very happy vendors.

One of these was the 3-bedroom home on just over 600 sqm at 84 McLaughlin Street in Ardeer (pictured) which offered tremendous potential for anyone looking to renovate, rebuild or redevelop. This property was due to be our first auction of 2018, however our team attracted such strong buyer interest during the marketing campaign that the vendors decided to accept a strong early offer of $630,000 rather than waiting for today’s scheduled auction.

As an indication of just how strong the market has been in the past few weeks, this sale was one of two that we achieved in Mc Laughlin Street in January, and the fourth sale in Ardeer in the past 3 weeks. Our team has also negotiated multiple sales in both Braybrook and Sunshine West in recent days, ranging in price from the high-$500,000’s to the mid- $800,000’s. Activity like this is a sure sign of a strong start to the year for the local property market.

Buyers would be well advised to take note of the article that appeared the Realestate lift-out of Saturday’s Herald-Sun written by Hannah Scholte. This article, headed “Hit the ground running”, emphasised the importance of being quick off the mark if you want to secure a property without having to compete with a whole new group of buyers that will be entering the market this year.

As the article said, “If you’re in the hunt for a new home, February can bring a fresh focus – holidays are over, school has started again, and new listings are finally hitting the market. But you won’t be the only one looking.”

If you would like any help or tips on how to make your property dreams come true, whether buying or selling in the local property market, feel free to give one of our team a call this week on 03 8326 8888.

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