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One of Ray White’s top sales performers has closed a multimillion-dollar sale in just 10 days in Melbourne’s prestige market, indicating that the city’s appetite for luxury properties is on the rise.
Ray White Balwyn director and REB Top 100 ranked agent Helen Yan has sold an eight-bedroom, eight-bathroom mansion in Balwyn North this week, one that also boasts a golf course simulator, a 20-seat cinema with planetarium-styled ceiling and $30,000 stocked bar.
The property’s sale price is understood to have surpassed $7 million.
Ms Yan said that it sold just 10 days after its first open home.
“We had more than 120 people through the door during six open homes and this glorious prestige property sold within two weeks of hitting the market,” she said.
“The interest and buzz around this home was strong, with people appreciating the wonderful nature of the property, and interest came from across the globe. That being said, it was actually a family that had lived locally for some time who were the lucky buyers.
“It proves that if there’s a home that ticks all the boxes for what a buyer wants, then they have no problem with paying big price tags to purchase their dream property.”
Ray White Victoria and Tasmania CEO Stephen Dullens said that the sale is a “perfect” example of Melbourne’s top-end market remaining strong.
Mr Dullens said that there is “no doubt” that the Melbourne market is properly active at the moment, with many buyers on the hunt.
“People are being selective and often taking their time, but we’re seeing some excellent results,” he said.
“It’s so fantastic to see such outstanding sales still being achieved in this market. Despite some obvious challenges, we’re seeing top-end properties transacting in quick time frames, similar to the inner-city Sydney and Brisbane markets.”
Mr Dullens said that there are fewer hurdles for buyers in this market sector.
“The luxury property market holds its own, as finance is not usually an issue for our premium buyers.
“Increasing clearance rates over the last few weeks and numbers attending our auctions indicate more activity in 2019 compared to what we were seeing pre-Christmas.”
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