Suburb records continue to be smashed in many of Melbourne’s middle suburbs. A 6 bedroom 5 bathroom house on 828sq metres in Mooltan Street, Travancore sold for a new suburb record of $8.2 million.
https://www.realestate.com.au/property/76-mooltan-st-travancore-vic-3032/
Our Buyer’s Advocates are often asked whether buying in sought after government school zones is a smart strategy. The price of these properties is generally 10-20% higher than outside the school zones although many parents are still seeing it as a good strategy.
Rising house prices has seen buyers seeking and taking on a renovation rather than making a move. More Australians are expected to take on renovations for their family homes over the next 5 years.
Another suburb record was seen last year in The Strand, Newport where a 3 bedroom 2 bathroom house sold. The property on 3,502sq metres of land sold for $7.15 million which is a new suburb record.
https://www.realestate.com.au/sold/property-house-vic-newport-148380992