Serious coin is still being spent on Melbourne properties, despite a shocking drop in sales stock.
There were just eight sales from 15 auctions reported to the Real Estate Institute of Victoria last week, but private deals have secured some impressive results.
A new street record in Sunbury was set by 28 Twin Creek Court, which changed hands for $999,995.
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28 Twin Creek Court, Sunbury sold for close to $1m.
Inside the family home.
Blackbird & Wren sales manager Mary Roberts said a buyer from the city bought the property sight unseen.
“With a vast number of our previous buyers having come from out of the area, we were already well equipped to facilitate remote buyers,” Ms Roberts said.
“So in some ways it was business as usual for us.”
Buyers were attracted to the space Sunbury properties typically offered, Ms Roberts said.
A buyer living closer to Melbourne bought the home.
The agency had noticed a spike in city buyers “looking for some more space to spread out” since the pandemic started this year, she said.
“With Sunbury still representing tremendous value compared to our surrounding areas, coupled with the beautiful semirural lifestyle on offer, it is becoming an increasingly compelling option for buyers” Ms Roberts said.
“We anticipate prices will continue to rise as we exit lockdown.”
In Toorak, a historic 1930s mansion also scored one of Melbourne’s biggest sales results.
Sunnyfjord, at 81 St Georges Road, sold “in the vicinity” of its $6.5m asking price, according to Jellis Craig Boroondara agent Damien Davis.
“It has been on the market for a while, going on and off at every stage of lockdown,” Mr Davis said.
“The buyers had seen it a couple of times before lockdown, but needed their own house sale to settle before making an offer.”
81 St Georges Road, Toorak has sold for more than $6m.
Inside the historic mansion.
A tennis court is part of the huge property.
CoreLogic shows it was the first time the property sold since its last $487,000 deal in 1982.
Mr Davis said the vendors were thrilled to get a result during stage four restrictions.
A Seddon house sale also went unconditional this week, securing one of the most impressive prices in the inner western suburb this year.
The six-bedroom family home at 48 Hobbs Street sold for an undisclosed price, which Biggin & Scott Yarraville agent Matthew John confirmed was comfortably within the $2.1-$2.3m price guide.
48 Hobbs Street, Seddon sold this month.
It has changed hands for more than $2m.
“It’s by far the biggest sale price in Seddon this year, well over double the suburb’s median sale price, and it’s also the only sale above $2m in Seddon in 2020,” Mr John said.
“It was sold by a downsizing family moving out to the country and bought by a local family from Footscray with young children..”
The upsizing buyers were able to view the property just a week before the ban on private inspections, he added.
The buyer was able to inspect the property just before lockdown restrictions tightened.
“They would have liked to go through a few more times, but they were impressed enough with the initial viewing to make an offer,” Mr John said.
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