Sydney investors continue to be prominent in Melbourne’s property market as our prices are much more affordable. Another Sydney investor purchased a block of units at 45 Westbury St in St Kilda East for circa $2,950,000. Though the owners lost a fair bit of money as they paid $3,085,000 over four and a half years ago.
https://www.realestate.com.au/property-unitblock-vic-st+kilda+east-147309888
Family buyers are now paying over a million dollars to purchase a renovated family home in Werribee. A renovated turnkey house at 54 Church St had three bidders and sold for $1,255,000 after being passed in and a deal negotiated after auction.
https://www.realestate.com.au/sold/property-house-vic-werribee-147537120
There continues to be strong demand in Melbourne’s middle western suburbs. A house at 18 Sundowner Place in Point Cook sold for $910,000 with four bidders pushing the price well above the $800,000 plus quoted price quote.
https://www.realestate.com.au/sold/property-house-vic-sanctuary+lakes-147530280
