Today’s sunshine made for a very welcome change as buyers and sellers alike celebrated the RBAs decision to place a hold on interest rates.

Buyers competed with vigour, with one of our auctions attracting 6 bidders and 58 bids before being knocked down. Interesting that the property they were vying for was a potential corner development site. Developers are often seen as the litmus test within the property market. If they are buying, it shows a real sense that they feel that prices are about to rise.

With July being a record listing month for the Barry Plant Eastern group, there will be a fine selection of properties from which buyers can choose. But if you are a buyer, the advice from realestate.com’s chief economist is….. Don’t wait!! During a talk she gave to the Barry Plant team during the week, she explained that once interest rates are cut, everyone piles on and the market moves very quickly. Her recommendation is to get in ahead of the pack.

Tonight also marks the grand opening of our new Whitehorse super office. Over 800 sqm of brilliantly designed and tastefully finished office space which gives off vibes more like a luxury San Francisco hotel. The feel is high end and very open with breakout spaces for client meetings, staff lunches and collaborations. A new standard for real estate offices in Melbourne.

See below our impressive sales activity for the week:

• 4 Nolan Close, Doncaster East sold for $2,301,000.
• 27 Timber Ridge, Doncaster sold for $1,550,000.
• 11 Allambie Road, Eltham sold for $1,082,500.
• 4 Leflan Close, Ringwood North sold for $950,000.
• 12/385 Mitcham Road, Mitcham sold for $850,000.
• 193 Ryans Road, Eltham North sold for $790,000.
• 3/1 Woolcock Avenue, Kew East sold for $645,000.
• G07/373-377 Burwood Highway, Burwood sold for $455,000.
• 201/373-377 Burwood Highway, Burwood sold for $420,000.
• 113/832 Doncaster Road, Doncaster sold for $330,000.
• 301/32 Lilydale Grove, Hawthorn East sold for $293,000.
• 1/61-63 George Street, Doncaster East sold!
• 3 Lyons Place, Doncaster East sold!
• 205/832 Doncaster Road, Doncaster sold!
• 16 Blackwood Parade, Heidelberg West sold!
• 140 Outhwaite Road, Heidelberg West sold!
• 2 Heather Grove, Templestowe Lower sold!
• 3 Ian Avenue, Ringwood East sold!

Currently under offer and will be sold soon:

• 1/20 Gladstone Road, Briar Hill
• 31 Fitzjohns Drive, Bundoora
• 2/5 Ambon Court, Heidelberg West
• 7/23 Carawatha Road, Doncaster
• 106/164 Manningham Road, Bulleen
• 3/11 June Crescent, Templestowe
• 1/346-352 Springvale Road, Donvale
• 504/7 Red Hill Terrace, Doncaster East
• 24 Carcoola Road, Ringwood East
• 317/3 Mitchell Street, Doncaster East

Spiro Drossos

Managing Director

Barry Plant Eastern Group