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News Buyers eager to buy before the end of the year

Buyers eager to buy before the end of the year

16 November 2024
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The Barry Plant Eastern Group has once again demonstrated impressive sales this week, with properties across the region achieving outstanding results. From stylish suburban homes to luxury estates, the team has continued to showcase their unmatched expertise in delivering exceptional outcomes for clients.

These results underscore the team’s dedication and deep understanding of the market, enabling them to achieve fantastic results even in a competitive landscape.

Looking ahead, the real estate market is poised for positive developments, particularly with anticipated interest rate reductions in 2025. Major banks, including ANZ and Commonwealth Bank, have forecasted that the Reserve Bank of Australia (RBA) may commence rate cuts around February 2025. However, National Australia Bank (NAB) suggests the first cut may occur later in May 2025, reflecting a strong labour market and lingering inflation risks. These forecasts bring optimism to the market, as reduced borrowing costs typically enhance buyer activity and confidence.

For sellers, the good news is that there is still plenty of time to find your buyer before the end of the year. As we approach the holiday season, motivated buyers are eager to secure their new homes before the new year, making this a prime time to list your property.

The Barry Plant Eastern Group is ready to help you make the most of these opportunities. With a strong track record and a dedicated team, you can trust us to guide you through the process and achieve exceptional results.

Let’s finish the year strong—contact us today to get started!

See below our impressive sales activity for the week:

  • 5 Warringal Street, Bulleen sold for $1,732,000
  • 8 Jeffrey Street, Templestowe Lower sold for $1,690,000
  • 29 Beckett Road, Donvale sold for $1,510,000
  • 50 Hunt Street, Donvale sold for $1,322,000
  • 13 Orchard Rise, Warrandyte sold for $1,308,000
  • 120 Martins Lane, Viewbank sold for $1,303,000
  • 52 Fyffe Street, Thornbury sold for $1,290,000
  • 25 Linton Avenue, Templestowe Lower sold for $1,235,000
  • 26 Collina Street, Mitcham sold for $1,110,000
  • 2/1 Jason Court, Donvale sold for $845,000
  • 9/64-70 Doncaster East Road, Mitcham sold for $825,000
  • 11 Redwood Street, Heidelberg West sold for $781,000
  • 2/330 Maroondah Hwy, Ringwood sold for $680,000
  • 1/1 Colite Street, Bulleen sold for $650,000
  • 3/245 Williamsons Road, Templestowe sold for $645,000
  • 308/5 Red Hill Terrace, Doncaster East sold for $485,000
  • 908/45 Linden Avenue, Ivanhoe sold for $430,000
  • 1/1 Ware Crescent, Ringwood East sold for $352,000
  • 6 Merna Drive, Templestowe sold!
  • 6 Banksia Rise, Eltham North sold!
  • 42 Forster Street, Ivanhoe sold!

Currently under offer and will be sold soon:

  • 12 Fairy Street, Ivanhoe
  • 69 Blooms Road, North Warrandyte
  • 2/46 Elder Street, Watsonia
  • 17/143 St Helena Road, Greensborough
  • 161 Henry Street, Greensborough
  • 1 Burns Court, Heidelberg Heights
  • 1/2 Wallace Avenue, Bayswater
  • 13 Orchard Grove, Warrandyte
  • G15/8 Berkeley Street, Doncaster
  • 2B Walkers Lane, Healesville
  • 304/721 Elgar Road, Doncaster
  • 217/193-195 Springvale Road, Nunawading
  • 19 Frederick Street, Heidelberg Heights
  • 421 Main Road, Montmorency
  • 208 Mountain View Road, Briar Hill
  • 2 Lotus Court, Diamond Creek
  • 4/309 Bell Street, Bellfield
  • 471 Waterdale Road, Heidelberg West
  • 229-331 Victoria Road, Yering
  • 19 Westwood Drive, Bulleen
  • 3/3 Hanke Road, Doncaster
  • 4 Vivienne Court, Doncaster East
  • 11 Caringal Avenue, Doncaster
  • 9/64-70 Doncaster East Road, Mitcham
  • 59-63 Richardson Road, Croydon North
  • 8/36 Livingstone Road, Eltham

If you’re considering selling, now is an excellent time to make a move with our experienced team by your side. There is still plenty of time before Christmas to find your right buyer.

Spiro Drossos

Managing Director

Barry Plant Eastern Group

16 November 2024
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