Interest Rate Cut Sparks Surge in Buyer Confidence and Market Activity
The recent interest rate cut may have only reduced the average mortgage by around $100 a month, but its impact on buyer confidence has been significant.
Over the past few weeks, a sense of urgency has swept through the market, leading to more competitive auctions and buyers jumping in to make early offers on private sale listings.
With an early election expected in April, savvy sellers are swiftly launching their sale campaigns to capitalise on the current buoyant conditions.
If you're navigating an upcoming move, we'd love to help. It's what we do best.
See below our impressive sales activity for the week:
- 13 Eagle Rise, Templestowe Lower sold for $1,956,000
- 10 Kinbrae Drive, Research sold for $1,950,000
- 39 Raleigh Street, Forest Hill sold for $1,625,000
- 3 Sophora Court, Templestowe Lower sold for $1,576,000
- 266-268 Springvale Road, Donvale sold for $1,560,000
- 3 Eva Court, Donvale sold for $1,530,000
- 4 Vivienne Court, Doncaster East sold for $1,400,000
- 9 Warringal Street, Bulleen sold for $1,360,000
- 193 George Street, Doncaster sold for $1,330,000
- 164 Separation Street, Northcote sold for $1,210,000
- 71 Lowan Avenue, Templestowe Lower sold for $1,160,000
- 21 Thomas Street, Eltham sold for $991,000
- 58 Madison Boulevard, Mitcham sold for $905,000
- 2/19 Gertrude Street, Templestowe Lower sold for $892,000
- 31 Luck Street, Eltham sold for $817,500
- 2/5 Orient Avenue, Mitcham sold for $777,000
- 102/1 Mitcham Road, Donvale sold for $750,000
- 3/199 Mitcham Road, Donvale sold for $640,000
- G01/330 Manningham Road, Doncaster sold for $589,000
- 7/9 Nelson Street, Ringwood sold for $580,000
- 24/15 New Street, Ringwood sold for $451,150
- 27 Fernside Avenue, Briar Hill sold!
- 3 Ann Court, Briar Hill sold!
- 15 Harold Street, Bulleen sold!
Currently under offer and will be sold soon:
- 9 Dawn Court, Viewbank
- 105 Warrien Road, Viewbank
- 5 Robert Court, Viewbank
- 801/101 Tram Road, Doncaster
- 8/2-4 Acacia Court, Ringwood
- 1/959 Doncaster Road, Doncaster East
- 1/314A Reynolds Road, Donvale
- 7 Sunrise Crescent, Templestowe Lower
- 11 Humber Road, Croydon North
- 312-314 Oban Road, Donvale
- 13/99 Morack Road, Vermont South
- 3/199 Mitcham Road, Donvale
- 3 Ferdinand Street, Nunawading
- 67 Sainsbury Avenue, Greensborough
- 4 Mopoke Lane, Donvale
Spiro Drossos
Managing Director, Barry Plant Eastern Group
Proudly servicing Manningham, Whitehorse, Eltham, Ivanhoe & Balwyn