Fineautumn outlookasbuyers returnandtop pricesachieved

An exceptional summer selling season is set to deliver momentum, buyers, and top results for property sellers this autumn International and returning Australian expatriate buyers have given a boost to the market in Melbourne’s bluechip suburbs Strong inspection numbers and resulting sales across Stonnington and Boroondara over summer are expected to flow into autumn, according to RT Edgar Toorak director Sarah Case.

“These buyers are out in force and have contributed to the doubling of inspection numbers in recent weeks” An estimated 50 per cent of interest for the Toorak agency’s listings is from international and expatriate buyers

“Buyer confidence appears to have been restored with people also feeling more reassured to buy and sell in the same market,” Ms Case said.

“The lack of stock and ready-to-go buyers have also helped to maintain a higher level of pricing than previously expected.”

She cited Toorak as an example, with the suburb maintaining its spot as Victoria’s top suburb and properties delivering consistently strong prices.

“Some buyers will pay beyond the asking price for fully renovated or new homes, because of the hesitation around undergoing their own renovation due to increased building costs,” Ms Case added.