Property priorities remain unchanged
If you’re someone who follows these weekly Market Updates on a regular basis, or who gets in contact with our team at Barry Plant Thomastown to talk about property from time to time, you’ll know that we have been talking about the underlying resilience of the local real estate market for quite some time now.
So it’s been interesting to watch the media coverage since the Reserve Bank’s decision to lift official interest rates again earlier this month, and the efforts of “the usual suspects” to convince all of us that buyers would suddenly get cold feet and push the market into a slowdown for a short period.
What these doomsayers clearly choose to forget is that…
Our auction this week of a four-bedroom, 2-bathroom home at 6 Cleveland Street in Thomastown was a prime example of what is still possible in today’s market. This potential-packed home on around 681 sqm of land attracted good interest from first home buyers, investors and developers, resulting in a competitive auction watched by several interested neighbours. So competitive, in fact, that having been declared “on the market” and ready to be sold at $750,000, the bidding continued all the way to a very satisfying $785,000!
As you can see from the photo, the smiles on the faces of our happy vendors; our successful first home buyers and their supportive family members shows how happy everyone was with the result.
So if are thinking about your own property plans for 2026 and are curious about what results like this might mean for your own property value, getting an up-to-date appraisal is as easy as giving our team at Barry Plant Thomastown a call on 9466 3233.
We look forward to helping.
Regards,
Con Constantinou
Barry Plant Thomastown
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