Dad’s canny buy is pay­ing off

Herald Sun - Property - - REGION REPORT -

MUCH has changed since Tori Tilley’s dad, Wally Benedikt, bought his Ring­wood unit for $89,000 al­most 20 years ago.

The leafy sub­urb, 23km east of the CBD, has grown and so too have its prop­erty prices.

Mrs Tilley said her fa­ther, who died in April, was proud of his “piece of par­adise” and al­ways saw its po­ten­tial.

“Dad would be stoked that the mar­ket is so strong, as he of­ten used to say: ‘I’ll get good money for this unit, it’s a good in­vest­ment’,” she re­called.

Mrs Tilley and her sis­ter, Michelle Smith, are selling their dad’s two-bed­room unit at 3/10 Lena Grove through Har­courts, Ring­wood.

The unit, which in­cludes an open-plan kitchen and din­ing area, a lounge room and cosy cov­ered rear deck, is ex­pected to fetch more than $405,000 at its 1pm auc­tion on Septem­ber 5.

Mrs Tilley said her dad, who came to Aus­tralia as a teenager af­ter flee­ing the Nazis in Aus­tria, loved be­ing able to walk from his home to East­land shop­ping cen­tre ev­ery morn­ing for the pa­per and of­ten to meet her and her chil­dren for cof­fee.

He also loved be­ing able to catch public trans­port and adored the close-knit sense of com­mu­nity and friendly neigh­bours in his quiet street.

Har­courts, Ring­wood, di­rec­tor Kathy Guthrie said Ring­wood’s “hot” prop­erty mar­ket was fu­elled by a range of de­vel­op­ments.

Tori Tilley in­side the Ring­wood unit she in­her­ited from her fa­ther.

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