More records tumble as market grows
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 north-west:
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.
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.
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.
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.
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 Melbourne’s north-west, 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 Caroline Springs and Taylors Lakes a call this week on 9390 8333.
In the interim, I hope you and your family are having a relaxing Easter break.
Cheers,
James Hatzimoisis & John Aaron Nakic
Directors – Barry Plant Real Estate
Taylors Lakes, St Albans & Caroline Springs