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Tuesday, December 15, 2009
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Four Buyers for Every Property Sold
The magic Billion dollar mark was not breached last weekend although it was close with $963 million worth of property sold over the week.
Marshall White continued a successful run of auctions with 16 properties sold at auction and a further 6 being sold prior. Next weekend represents purchasers’ last chance to buy at auction before Christmas. Demand is still very buoyant across the market with The Age reporting that there were 4 bidders on average per property. Those buyers who were unsuccessful in 2010 will no doubt be out in force in February when auctions resume.
Marshall White continued a successful run of auctions with 16 properties sold at auction and a further 6 being sold prior. Next weekend represents purchasers’ last chance to buy at auction before Christmas. Demand is still very buoyant across the market with The Age reporting that there were 4 bidders on average per property. Those buyers who were unsuccessful in 2010 will no doubt be out in force in February when auctions resume.
Sales Highlights
Among the highlights of the weekend was a luxuriously appointed family residence at 67 Bowen St, Camberwell which sold prior to auction for $2.41 million. In nearby Canterbury at 3 Rubens Grove, a substantial family residence with pool sold at auction for $2.07 million while an enchanting timber period residence at 4 Walker St, Balwyn achieved a very pleasing price of $1.462 million at auction. Two impressive sales were recorded in Malvern East with the first, a stately solid brick period home at 112 Finch Street selling for $2.05 million and a very spacious solid brick Edwardian residence at 90 Tooronga Road achieving a price of $1.4 million at auction.
- Andrea Blosfelds
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