Tim Heavyside

𝐖𝐢𝐭𝐡 𝐭𝐡𝐞 𝐆𝐫𝐚𝐧𝐝 𝐅𝐢𝐧𝐚𝐥 𝐢𝐧 𝐏𝐞𝐫𝐭𝐡, 𝐢𝐭 𝐰𝐚𝐬 𝐮𝐧𝐮𝐬𝐮𝐚𝐥𝐥𝐲 𝐛𝐮𝐬𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐰𝐞𝐞𝐤𝐞𝐧𝐝 𝐢𝐧 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫. 𝐖𝐢𝐭𝐡 𝐤𝐢𝐜𝐤-𝐨𝐟𝐟 𝐚𝐭 𝟕:𝟏𝟓𝐩𝐦 𝐖𝐀 𝐭𝐢𝐦𝐞, 𝐭𝐡𝐞𝐫𝐞 𝐰𝐚𝐬 𝐩𝐥𝐞𝐧𝐭𝐲 𝐨𝐟 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐚𝐠𝐞𝐧𝐭𝐬 𝐭𝐨 𝐫𝐮𝐧 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐜𝐚𝐥𝐥 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐧𝐥𝐢𝐧𝐞.

Boasting an inspirational renovation, the iconic Glenvill home at 13 Silverene Court in Vermont South drew a lot of interest throughout the campaign, despite the impact of an extended lockdown. Offering a superb lifestyle amongst well-kept, landscaped gardens, six bidders competed to secure the home during the online auction. Auctioneer Jeremy Desmier knocked the property down to the successful bidder at $1,723,000.

On Sunday afternoon, Director Ben Williams conducted a relaxed online auction to determine who would be the new owner of the three-bedroom family home at 33 Thornhill Drive in Forest Hill. A total of five bidders participated, until just two determined bidders traded bids until the successful purchaser placed the winning bid!

My team and I sold the near-new, masterfully designed home at 16 Peter Street in Box Hill North prior to its scheduled online auction, for $1,670,000. Recently constructed by the owner, the four-bedroom home offers glamorous interiors, deluxe Neff kitchen and sophisticated lounge/dining out to an undercover alfresco.

As we settle into the Spring selling period, it is clear that whilst it may look a little different, buyer demand remains high. The REA Group reports that prices increased rapidly during the pandemic, with data showing a 20.7% increase in national property prices over the 12 months to August.

The reduction in stock levels due to the extended lockdown has had an impact, creating a high level of pent-up demand. With the easing of restrictions to allow for private inspections and for photography and marketing to be completed, this should help to provide buyers with a greater level of choice and reduce some of the competition for individual properties.

Record low borrowing rates have also been a major driver of the increase in property prices, with the Reserve Bank of Australia holding official interest rates at the record low of 0.1% at its monthly meeting.

REA Director of Economic Research, Cameron Kusher commented, “𝘵𝘩𝘦 𝘢𝘯𝘤𝘩𝘰𝘳𝘪𝘯𝘨 𝘰𝘧 𝘭𝘰𝘸 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘳𝘢𝘵𝘦𝘴 𝘪𝘴 𝘢 𝘣𝘪𝘨 𝘥𝘳𝘪𝘷𝘦𝘳 𝘰𝘧 𝘱𝘳𝘪𝘤𝘦 𝘨𝘳𝘰𝘸𝘵𝘩 𝘣𝘶𝘵 𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘰𝘵𝘩𝘦𝘳 𝘧𝘢𝘤𝘵𝘰𝘳𝘴 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘢𝘯 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘥𝘪𝘴𝘤𝘰𝘯𝘯𝘦𝘤𝘵 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘥𝘦𝘮𝘢𝘯𝘥 𝘧𝘰𝘳 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘴𝘶𝘱𝘱𝘭𝘺 𝘰𝘧 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴 𝘧𝘰𝘳 𝘴𝘢𝘭𝘦, 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘳𝘦𝘴𝘵𝘳𝘪𝘤𝘵𝘪𝘰𝘯𝘴 𝘰𝘯 𝘩𝘰𝘸 𝘱𝘦𝘰𝘱𝘭𝘦 𝘤𝘢𝘯 𝘴𝘱𝘦𝘯𝘥 𝘵𝘩𝘦𝘪𝘳 𝘮𝘰𝘯𝘦𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘧𝘢𝘤𝘵 𝘵𝘩𝘢𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘢𝘳𝘦 𝘭𝘰𝘰𝘬𝘪𝘯𝘨 𝘵𝘰 𝘶𝘱𝘨𝘳𝘢𝘥𝘦 𝘵𝘩𝘦𝘪𝘳 𝘩𝘰𝘮𝘦𝘴 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘵𝘩𝘦𝘺 𝘴𝘱𝘦𝘯𝘥 𝘴𝘰 𝘮𝘶𝘤𝘩 𝘵𝘪𝘮𝘦 𝘵𝘩𝘦𝘳𝘦”.

Congratulations to all the Dees fans, what a game over the weekend! Stay safe and be well.

𝐒𝐮𝐜𝐜𝐞𝐬𝐬. 𝐈𝐭’𝐬 𝐚 𝐅𝐥𝐞𝐭𝐜𝐡𝐞𝐫𝐬 𝐭𝐡𝐢𝐧𝐠.