Mar­ket warm­ing up

Herald Sun - Property - - MARKET WRAP -

are will­ing to wait for the right prop­erty and price,” he said.

Mr McCabe said that was ev­i­dent at 6/69 Mo­rang Rd, Hawthorn, where a twobed­room apart­ment ap­peal­ing to first-home buy­ers, in­vestors and down­siz­ers was passed in for $520,000 be­fore sell­ing for $530,888.

“It’s def­i­nitely a great time of year to be a ven­dor, but this price shows how the will­ing but not anx­ious buy­ers of the cur­rent mar­ket are able to re­main calm and still get a good price,” he said.

The same couldn’t be said at Chel­tenham, where O’Brien Men­tone agent Trevor Bowen claimed a new “golden tri­an­gle” record at 20 Mena Ave, sell­ing for $1.29 mil­lion.

“There were 37 bids from seven bid­ders, start­ing at $800,000,” Mr Bowen said.

The sale eclipsed a $1.27 mil­lion auc­tion sale last Septem­ber at nearby Ship­ston Rd.

More than 900 auc­tions are sched­uled this week.

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