Spring Market Insights: A Surge in Buyer Activity and Growing Confidence
As we move from winter into spring, the marketplace has come alive with a noticeable increase in buyer activity. Compared to the slower winter months, spring has seen a surge in interest, with more buyers actively searching and shortlisting properties. One of the key drivers behind this shift is the growing optimism around potential interest rate drops next year, which has instilled confidence in buyers looking to secure their homes sooner rather than later.
At Barry Plant Manningham and Eastern Group, we've seen this renewed energy firsthand. During the winter, we were meeting around 700 buyers every weekend, but that number has now jumped to over 1,000. Auction attendance is up, and we're seeing more bidders per property—clear signs that the market is gaining momentum as buyers feel the urgency to make decisions faster.
This past week has been particularly exciting for our team, not just because of the positive trends in the market but also due to our recognition at the Barry Plant Awards for Excellence. Barry Plant Manningham Eastern Group was honoured with the prestigious Victoria Number One Office title once again, showcasing the top-tier talent and unwavering client-first approach that defines our group.
See below our impressive sales activity for the week:
- 1 Anthlin Court, Templestowe sold for $2,703,500.
- 26 Anthony Avenue, Doncaster sold for $2,236,800.
- 68 Yarra Valley Boulevard, Bulleen sold for $1,510,000.
- 576-578 Park Road, Park Orchards sold for $1,350,000.
- 2/17 Burilla Avenue, Doncaster sold for $1,280,000.
- 6 Walter Withers Court, Diamond Creek sold for $1,262,000.
- 24 Peel Street, Mitcham sold for $1,255,000.
- 8 Handley Court, Blackburn North sold for $1,188,000.
- 15 Moodie Street, Greensborough sold for $870,000.
- 13 Jessie Street, Blackburn North sold for $845,000.
- 14 Alexandra Road, Lilydale sold for $842,000.
- 16 Commerford Place, Chirnside Park sold for $750,000.
- 76 Pacific Drive, Heidelberg West sold for $650,000.
- 317/65 Stables Circuit, Doncaster sold for $635,000.
- 703/1 Porter Street, Hawthorn East sold for $420,000.
- 4/3 Halls Parade, Mitcham sold!
- 1/60 St Helena Road, Greensborough sold!
Currently under offer and will be sold soon:
- 29 & 29A Hartland Way, Eltham
- LG03/25 Pryor Street, Eltham
- 37 The Boulevard, North Warrandyte
- 7/36 Shelley Street, Heidelberg Heights
- 201/5 Red Hill Terrace, Doncaster
- 2 Belmont Road West, Croydon South
- 3 Elland Road, Clyde North
- 3/1091 Doncaster Road, Doncaster East
- 6/23 Carawatha Road, Doncaster
- 12 Nevada Retreat, Bulleen
- 14 Carlton Court, Templestowe
- 1A Westminster Ave, Bulleen
- 6/380 High Street, Templestowe Lower
- 77-79 Homestead Road, Wonga Park
- 201/1 Charlnet Drive, Vermont South
- 211/373-377 Burwood Highway, Burwood
- 5 Lawrence Court, North Warrandyte
- 2/49 Johns Street, Templestowe Lower
- 180 Cherry Tree Road, Panton Hill
- 279a Blackburn Road, Doncaster East
With auction results improving and the market showing signs of strength, we are proud to be leading the charge, providing exceptional service to our clients, and delivering outstanding results in an ever-evolving real estate landscape.
If you’re thinking about buying, now is the time to get ahead of the competition and take advantage of the market's upward trend. Our expert team is here to help you navigate the process with confidence!
Spiro Drossos
Managing Director
Barry Plant Eastern Group