122 McLaughlin ST, Ardeer, has broken the price barrier of $ 1 million.
A house in the west of Melbourne has set a new Voorstad record after changing hands for $ 1.002 million, an amount that surprised both the owners and the agent.
Ray White Sunshine Managing Director Marcus Fegonese said that the sale of the Ardeer Home demonstrated the current mass demand from Interstate investors for homes in the area.
The renovated place of residence with three bedrooms on 122 McLaughlin St, set on a block of 601 m², was arrested by an investor established in Sydney.
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The house would go under the hammer on Saturday, but a buyer made an early range of $ 950,000 on Friday.
This figure was already $ 100,000 above the demand range of $ 750,000 $ 850,000.
“We did not expect an offer if that before the auction, it has blown me away a bit and also the owners,” said Mr. Fegonese.
He contacted other interested buyers and the house eventually sold to the Sydney Investor.
The selling price of $ 1.002 million has established a new suburb benchmark for a house that was not marketed as a potential development site.
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There are hardwood floors in the living and dining room.
Public data shows that four other Ardeer houses for $ 1,025m-plus sold, but they were all deposited on blocks of 1900m² or larger.
Mr. Fegonese said that most of the country packages of the area larger than 800 square meters m borrowed from development opportunities.
It no. 122 McLaughlin St House has a separate independent studio with its own bedroom, bathroom and kitchenette.
The house is close to Ardeer South Primary School, Marian College, Parks and the Kororoit Creek Trail.
The main house has two bathrooms, a 10kW solar system and a kitchen equipped with a Bosch induction hob, pyrolytic double oven and zipper filtered for sparkling, hot and cold water.
Mr. Fegonese said that an unprecedented number of Interstate investors wanted to buy houses in his region in the Inward West of Melbourne, including Sunshine and Albion, after many Victorian investors were sold out last year after the state government increased that land tax in 2024.
A newly built deck and low -maintenance garden has been planted with native Australian green.
“I have not seen so many investors coming on the market, or Interstate investors come in a market, in 18 years of real estate,” Mr. Fegonese added.
He noticed the types of properties available in Melbourne’s Inner West “Screams value and affordability compared to what they can get at 15 km from Sydney or Brisbane”.
“I think yields are probably not as good as NSW and Queensland,” he added.
And investors compete with Victorian first-home buyers to secure affordable houses.
One of the two bathrooms in the main building.
Mr. Fegonese said that the situation would probably intensify from 1 October, if the housing guarantee scheme of the federal government will increase price caps and income bulls for buyers from the first home with a deposit of 5 percent.
Eligible buyers will be able to secure a house in Melbourne at $ 950,000 or less in the context of the program compared to the current $ 800,000 CAP.
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