MELBOURNE
FEATURE PROP ERTY
PORT MELBOURNE MARKET REVIEW WITH JUSTIN HOLOD
In Port Melbourne, auctions remain the most common method of sale, with many vendors leaning this way given the strength and growth we are seeing in the market. Strong attendance and active bidding continue to highlight why this approach delivers great results, especially for well-positioned homes.
The properties drawing the greatest attention are turn-key opportunities — fully renovated homes that require little or no work. Buyers are increasingly prioritising lifestyle and convenience, and the allure of moving straight into a stylish, low-maintenance residence is particularly strong in this tightly held bayside suburb.
In the months to come, the market outlook is positive. High clearance rates, increasing bidder numbers and recent rate cuts indicate the market is firmly on the move again, positioning the year ahead as a period of growth and opportunity for both buyers and sellers.
PROPERTY HIGHLIGHT
75 BRIDGE STREET
PORT MELBOURNE
A 5 B 3 C 3 E 482 approx.
Sold |$4,510,000
PROPERT Y HIGHLIGHT
78 SPRING STREET EAST
PORT MELBOURNE
A 3 B 1 C 1 E 225 approx.
Sold | $1,707,000
With more than 45 buyer groups inspecting 75 Bridge Street and 6 requesting the contract of sale, the property sold under intense competition, drawing bids from 4 determined buyers.
Held by the same family for over 45 years, this home attracted strong interest with multiple buyer groups submitting offers prior to the scheduled auction, resulting in a successful sale before the auction date.
