Those seeking to gain a foothold in some of the South East’s prime locations are pushing prices to new highs, despite impending interest rate rises.
2 new record prices were set this weekend, and 3 from 3 auctions sold under the hammer.
12 Water Reed Court, Narre Warren North sold for $2,560,000. $210,000 over reserve and a new ceiling price by $410,000 has been set in the Oaktree Rise Estate.
13 Eastbourne Crescent, Officer sold for $1,560,000. The latest benchmark price has now been exceeded in Officer residential estates by $100,000.
The trio of sales sold under auction conditions on the weekend have given renewed energy back into the market as a whole. 12 Water Reed Court was hotly contended with 6 active bidders. Anita and Andrew successfully sold 20-26 Scanlan Street, Berwick for $1,100,000 and Syarif and Sarah’s campaign at 15 Harkaway Road, Berwick came to a successful end under the hammer for $792,000.
The threat of rate rises throughout 2023 doesn’t seem to have had a huge impact on buyer interest thus far. The solid sales add to what have been a promising few weeks of successful transactions by Peake agents across the South East, particularly in the auction arena.
If you are thinking of selling your property, reach out to one of our experienced agents who know how to capitalise on the unpredicted active buyer market.
