Victoria’s Record-Breaking Month Boosts Confidence
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Victoria’s Record-Breaking Month Boosts Confidence

Clearance rates for February were at an all-time high.

By Terry Christodoulou
Tue, Mar 16, 2021Grey Clock < 1 min

Last month, Victoria saw the highest ever monthly auction clearance rate for February.

Data from the Real Estate Institute of Victoria shows that February 2021 recorded an 84.8% clearance rate from more than 3000 auctions, beating out an 11-year record of 84.0%

17 suburbs were highly sought after having cleared 100% of listings. Those suburbs included: Hawthorn East, Fitzroy North, Ferntree Gully, Rowville, Brunswick East, Sandringham, Seaford, Collingwood, Ashburton, Blackburn South, Fawkner, Wantirna, Boronia, Fairfield, Hillside, Seddon, and St Kilda West.

Beyond suburbs at the top of the class, the best improvements on last year were in Sunshine North, Dingley Village, Gladstone Park, Ashwood, Albert Park, Fitzroy North, Doncaster, St Kilda West, Montmorency, Hoppers Crossing, and Templestowe.

Performance has been supported by incentives for First Home Buyers, mortgage repayment holidays and low interest rates.

While the market is steaming ahead, changes to the Residential Tenancy Act – which come into effect at the end of this month – are sure to disrupt the market, bringing more red-tape and increased ownership costs to investors.

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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174