19 Dwyer St, Macleod set a new suburb record.
Sales records were smashed via online auctions across Melbourne on the last weekend of July, injecting positivity into the property market.
Macleod and Mulgrave both recorded their most expensive sales in history as impressive properties sold under the hammer.
A property power couple have claimed Macleod’s house price record after an incredible transformation at 19 Dwyer Street.
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A luxe extension at the back of the home.
Gary and Jane Byrne with their four children Rupert, Ivy, Ellie and Sophie. Picture: Nicki Connolly
Vendors Gary and Jane Byrne sold the five-bedroom home for a whopping $2,344,500, which was $244,500 above their price expectations.
It soared past the $2m record previously held in the suburb by 38 Gresswell Rd.
Mr Byrne said it was the second suburban benchmark the couple had claimed after renovation projects.
The property sold for $2,344,500.
A sophisticated kitchen.
“We did this in Watsonia North a few years ago and we broke that sales record by a long shot … when we finished it we decided to move on,” Mr Byrne said.
“This was actually a longer term plans of ours, with plans to do it up for the years to come. But once we finished we decided to again move on.”
He said it was a “rollercoaster of emotions” selling during the pandemic, which was vastly different to last time they sold in a “strong market back in 2017”.
But they pushed ahead with the sale after significant interest from buyers.
Jellis Craig Eltham director Aaron Yeats said selling during the pandemic paid off, as six parties registered to bid at auction.
Five of those competed via the Auction Now platform across 70 bids.
In Mulgrave, a palatial pad at 20 Oliver Court sold for $2.515 million.
20 Oliver Court, Mulgrave sold for $2.515 million.
Plenty of room to entertain outdoors.
It blitzed the residential suburb benchmark it previously set when it sold for $2.48m in 2017.
Harcourts Judd White director Dexter Prack said bidding “took off like a rocket” between five parties, who pushed the price “well above reserve”.
“It last sold three years ago, when the owners decided not to move to Melbourne from overseas,” Mr Prack said.
“That was probably one of the hottest markets, but this result shows that if the property is right it doesn’t matter about negativity out there.”
The palatial pad set a new price record for Mulgrave.
The house surpassed its own price record.
Other strong results were recorded across the city during its third weekend of lockdown.
A humble brick home at 14 Terrigal Avenue, Oakleigh South sold a whopping $305,000 above reserve for $1.24m.
Ray White Oakleigh agent George Midas said there was plenty of interest for the 1960s home, which had never been sold before.
14 Terrigal Avenue, Oakleigh South sold for $1.24m.
Retro vibes inside the 1960s home.
“There was at least one buyer inspecting it every day and resulting in over 68 inspections,” Mr Midas said.
“The offers we had prior to auction were all around the $820,000-$850,000 mark, so you can imagine how thrilled our vendors are that we chose the auction method and achieved over $1.2m.”
A Ringwood unit at 4/2 Greenwood Ave fetched $568,000 in its first sale since 1988.
It sold more than $60,000 above reserve as six bidders competed for the unit.
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