Modern turnkey properties are always in strong demand as seen with the sale of 18 Cronmore Street, Beaumaris. The 5 bedroom 3 bathroom home on a large 790sq metre block with a pool sold for $3,550,000, well above the $3.2 million plus price quote.
https://www.realestate.com.au/sold/property-house-vic-beaumaris-150193324
There continues to be strong demand for duplex townhouses where they are only one of the pair. 23B Stanley Street, Black Rock sold for a strong result of 3,720,000 with the 4 bedroom 4 bathroom home being on a half block of 430sq metres.
https://www.realestate.com.au/sold/property-townhouse-vic-black+rock-149689552
We continue to get excellent results buying whole blocks of apartments for our syndicate of investors and we just purchased our 340th whole block in Sturt St, Essendon. We were able to buy the whole apartment block for only $3,410,000 with the 1 bedroom apartments from only $279,000 and the 2 bedrooms from $348,000, well below Essendon’s median unit price of $580,000.
https://www.realestate.com.au/property/2-4-sturt-st-essendon-vic-3040/
Townhouses continue to be attractive to a number of demographics including upsizers and downsizers. 30B First Street, Black Rock though was passed in and the 4 bedroom 3 bathroom home is now for sale under $3.5 million although there were a number of bidders.
https://www.realestate.com.au/property-house-vic-black+rock-149622620