With much relief, the RBA announced an interest rate reduction this week, sparking a wave of optimism among buyers and homeowners. Speaking to many buyers at today’s auctions and open-for-inspections, the sentiment was clear—there’s a renewed sense of confidence. However, while this cut is a positive step, many believe that a series of reductions will be needed to create sustained confidence in the market.

Beyond interest rates, cost-of-living pressures and rising household expenses remain key concerns for many Australians. That said, today’s market activity reflected stability, with buyers and sellers showing a more assured approach to their next steps. My prediction? A steady market this year, with less volatility and greater clarity for all involved.

Strong Results for Barry Plant Eastern Group
This week was a significant one for Barry Plant Eastern Group. Not only did we see consistency in auction and sales results, but we also had a major win on the national stage. The Barry Plant network was awarded ‘Network of the Year’ across Australia, a testament to our collective dedication and excellence. Additionally, our Barry Plant Manningham office was named a finalist for ‘Office of the Year’, reinforcing our commitment to delivering outstanding service to our communities.

At Barry Plant Eastern Group, we take pride in helping people buy, sell, and lease their greatest asset. Whether you’re considering a move or just keeping an eye on the market, our team is here to provide insights, guidance, and a seamless real estate experience.

If you’d like to discuss your property goals, reach out to our team today!

See below our impressive sales activity for the week:

• 109-111 Berringa Road, Park Orchards sold for $2,205,000
• 13-15 Parsons Road, Eltham sold for $2,205,000
• 3 Candlebark Court, Heidelberg sold for $1,480,000
• 1/112 Springfield Road, Blackburn sold for $1,180,000
• 13 Ruby Street, Burwood East sold for $1,082,000
• 36-38 Albion Crescent, Greensborough sold for $1,060,000
• 3/2-4 Glen Valley Road, Forest Hill sold for $999,000
• 52 Batman Road, Eltham sold for $904,300
• 702/1 Porter Street, Hawthorn East sold for $585,000
• 106/5 Elgar Court, Doncaster sold for $515,000

Currently under offer and will be sold soon:

• 31 Luck Street, Eltham
• 10 Kinbrae Drive, Research
• 21 Thomas Street, Eltham
• 150 Odeas Road, Strathewen
• 9 Dawn Court, Viewbank
• 52 Collins Street, Heidelberg Heights
• 4 Vivienne Court, Doncaster East
• 17-18 Valencia Terrace, Tempelstowe
• G01/330 Manningham Road, Doncaster
• 801/101 Tram Road, Doncaster
• 3/199 Mitcham Road, Donvale
• 13 Eagle Rise, Templestowe Lower
• 1/14 Yarraleen Place, Bulleen
• 7/9 Nelson Street, Ringwood
• 3/2 Lee Court, Heathmont
• 58 Madison Boulevard, Mitcham
• 39 Raleigh Street, Forest Hill

Spiro Drossos

Managing Director, Barry Plant Eastern Group

Proudly servicing Manningham, Whitehorse, Eltham, Ivanhoe & Balwyn