Dad’s canny buy is paying off
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.