As we enter the first week of spring, we are seeing a notable increase in activity from buyers. Attendance at auctions and open inspections has been on the rise across most properties. At auction, we are witnessing more confident bidders who are ready to take the plunge and secure their desired properties.

This renewed confidence is driven by optimism about the future, including the potential for interest rate reductions as inflation eases.

Buyers are eager to capitalise on what many believe is a prime point in the market cycle, one that is poised for growth moving forward.

In the past week, we've seen a surge in buyers securing properties even before they reach auction, as competition heats up with the start of the spring selling season.

See below our impressive sales activity for the week:

6 Rivulet Place, Warrandyte sold for $3,040,000.
9 Mahoneys Court, Warrandyte sold for $2,310,000.
308-310 Oban Road, Donvale sold for $2,260,000.
4 Navel Row, Doncaster East sold for $1,812,000.
74 Duff Parade, Viewbank sold for $1,465,000.
1A/12 Chippendale Court, Templestowe sold for $1,425,000.
27 Flinders Street, Bulleen sold for $1,416,000.
2 Bedford Court, Templestowe Lower, $1,360,000.
17 Cerberus Street, Donvale sold for $1,351,000.
28 Jeffrey Street, Templestowe Lower sold for $1,250,000.
68 Latrobe Street, Bulleen sold for $1,243,000.
14 Eugene Street, Viewbank sold for $1,240,000.
21 Dandallo Drive, Eltham sold for $1,100,000.
7 Muirfield Mews, Chirnside Park sold for $1,000,000.
5/4 Bowen Road, Doncaster East sold for $888,000.
74 McCulloch Street, Nunawading sold for $860,000.
7/23 Carawatha Road, Doncaster sold for $840,000.
2/307 Canterbury Road, Ringwood sold for $788,888.
13 Hillcrest Avenue, Ringwood sold for $747,000.
4/23 Carawatha Road, Doncaster sold for $730,000.
2 Odette Court, Ringwood East sold!
2/7 Koala Court, Doncaster East sold!
3/7 Leyte Parade, Heidelberg West sold!

Currently under offer and will be sold soon:

1/60 St Helena Road, Greensborough
29 & 29A Hartland Way, Eltham
LG03/25 Pryor Street, Eltham
22 Maroondah Terrace, Bundoora
28 Goldmans Road, Cottles Bridge
1/36 Shelley Street, Heidelberg Heights
1/99 Waiora Road, Heidelberg Heights
1/5 Red Hill Terrace, Doncaster
4 Woolerton Court, Donvale
16 Commerford Place, Chirnside Park
62 Stroud Street, Balwyn
3 Scott Street, Mitcham
201/1 Charlnet Drive, Vermont South

Spiro Drossos

Managing Director

Barry Plant Eastern Group

Confidence Returning to the Market as Spring Awakens