Vil­las back in vogue

Herald Sun - Property - - MARKET WRAP -

McGrath, St Kilda, sold the one-bed­room apart­ment at 2/5 West­bury Grove to a first-home buyer. “The fact it was a smaller, more solid, es­tab­lished build at­tracted the buyer to the prop­erty,” said sell­ing agent Michael Townsend.

“We are see­ing that firsthome buy­ers are more at­tracted to these es­tab­lished prop­er­ties, while it is in­vestors look­ing at the new de­vel­op­ments.”

Auc­tion num­bers are up this week, with 1110 sched­uled for the met­ro­pol­i­tan area.

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