July results prove market resilience

In yet another example of just how resilient the Melbourne property market has been, July turned out to be a solid month for the Barry Plant group as a whole, despite everyone having to navigate the restrictions on private inspections and the requirement for all auctions to be conducted online.

In fact, our team at Barry Plant Caroline Springs and Taylors Lakes was able to achieve a 100% success rate with all of our scheduled online auctions in July, with some great outcomes achieved. Importantly, vendors and buyers have adapted easily as we pivoted to digital auctions, and their feedback has been very positive.

One factor that buyers do need to be aware of at the moment is that finance approvals are taking longer at the moment, so you need to allow for this if you are looking to purchase in the current climate.

Here’s a cross-section of some of your recent results:

Burnside Heights: 9 Como Avenue

Set on a quiet corner block close to newly expanded CS Square, this four-bedroom home produced an impressive result with the SOLD sticker going up at $715,000.

Hillside: 18 Sandalwood Avenue

Nestled in a quiet pocket of the Banchory Grove Estate, this single-level three-bedroom home attracted strong interest from the moment it hit the market, and was sold prior to auction for a strong $665,000.

Hillside: 31 Callaway Lane

This modern single-level three-bedroom home offered a private alfresco living area to enhance a low maintenance lifestyle, and sold for a pleasing $565,000.

Hillside: 14 Cynthia Court

The combination of a quiet court location and shops around the corner added to the appeal of this neat four-bedroom home. An effective off-market campaign soon saw the keys changing hands.

Kealba: 89 Rowan Drive

The combination of a grand two-storey façade, expansive family accommodation and views proved irresistible in this six-bedroom home, with a substantial mid-week sale being inked by our St Albans sales team.

St Albans: 1/7 Burns Avenue

Offering a low maintenance lifestyle without any shared land or owner’s corporation, this three-bedroom home on a subdivided block produced smiles all round when negotiations produced at $450,000.

Taylors Lakes: 8 Rowell Place

Enjoying easy access to Overnewton College and Watergardens Town Centre, this well-established four-bedroom home (pictured) achieved a satisfying mid-week sale at $700,000.

As we enter August, we are still seeing demand from buyers exceeding the supply of available listings, so we expect the solid results to continue for the foreseeable future. If you need any assistance or are curious to find out what your property could achieve in the current market, you can call us any time on 9390 8333.

Best wishes,

James Hatzimoisis & John Aaron Nakic

Directors – Barry Plant Real Estate

Taylors Lakes, St Albans & Caroline Springs