DOCKLANDS SALES UPDATE

02-Sep-2016

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Author: Suburb Report

With a reduction in the number of property for sale across Melbourne, Docklands has proven to be an attractive proposition for many potential buyers in the past year, buoyed by the relative affordability, spacious apartment sizes and amenities on offer.

Whilst investors continue to be active, 71% of our sales in Docklands during the past year were to buyers looking to owner-occupier. The majority of these buyers were professional couples and empty-nesters seeking a lifestyle change to low-maintenance living.

In Yarra’s Edge where owner-occupiers now account for over 80% of purchasers, many locals are opting to upsize/downsize and/or change their aspect whilst choosing to remain part of the tight-knit community. Victoria Harbour also continues to increase in popularity with owner-occupiers, with many currently working in and around the city. In NewQuay investor interest has surged, with regional and interstate investors especially notable in the $500,000-$700,000 price bracket.

With 149 properties sold in Docklands during the past year, we have a number of qualified buyers still looking to purchase. To find out the depth of buyer demand for your property, contact Chris Henson on 0417 999 070 or email