Marshall White Weekly News Update
The interest rate cut at the beginning of the month appears to have boosted confidence amongst property buyers.
Marshall White sold 11 properties at auction on the weekend, one more prior to auction and also achieved the weekend’s highest reported price in The Age for 6 Scott Grove, Glen Iris.
Several auctions attracted strong bidding from multiple buyers including 18 Silver St, Malvern where bids from 5 separate parties resulted in a price of $1.62 million for a comfortable timber period residence.
The auction of a stately Victorian residence at 150 Williams Road, Prahran also attracted 5 bidders who drove the price to a pleasing $1.635 million.
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