PORT PHILLIP
FEATURE PROP ERTY
PORT PHILLIP MARKET REVIEW WITH NICHOLAS HOO
In Port Phillip, 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 municipality.
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.
22 DANKS STREET
A 4 B 4 C 2 E 288 approx.
Sold at Auction
29 BARRETT STREET
ALBERT PARK
A 3 B 1 C 1
Sold at Auction
After previously being listed with another agency without success, Marshall White successfully sold this stunning home at auction, with 2 competitive bidders.
With more than 100 buyer groups inspecting 29 Barrett Street and 7 requesting the contract of sale, the property sold under intense competition, drawing bids from 4 determined buyers.
