27 Feb 2022, 9:24am
An incredible 71 Victorian towns and suburbs have smashed property price records during the state’s hottest summer of sales on record.
From the illustrious Albert Park in Melbourne to the regional hamlet of Yarpturk, homesellers have reset benchmarks as buyers drive prices to unprecedented levels.
One of the most recent record-setters was a newly-built Blackburn North house.
The 29 Charlton St home set a $2.64m new standard under the hammer on Tuesday night this week.
Elite Constructions boss Jason Cook built the home on land his father bought for just $1.02m in 2020, according to CoreLogic data.
Mr Cook said the sale was about 5-10 per cent higher than even he had anticipated — but in line with the area’s skyrocketing market, despite growing material costs and delays caused by supply shortages and the pandemic.
“A few potential buyers in the area contacted me as they were thinking about building, but didn’t want to wait 18-24 months to live in their home,” Mr Cook said.
“So a new property on the market was very appealing.
“Whether that drove up the price or not … well, I suppose it helped.”
Mr Cook added his own family including wife Simone and children Lyla, Blair and Sloane, had inspired the ”work-from-home friendly” build.
Barry Plant’s Michael Steenhuis handled the twilight auction on Tuesday and said with an “unheard of” 190 families inspecting the home, more than 100 people had watched five bidders push the price from a $2m opening bid past the $2.47m point at which it was called on the market and up a further $170,000.
29 Charlton St, Blackburn North, attracted five bidders when it went under the hammer.
“It was well over everyone’s expectations,” Mr Steenhuis said.
But it was one of dozens of homes that set a record. See if your neighbourhood got a new top property below:
73 St Vincent Place South, Albert Park – Dec 2021 – $11.4m
16 Rothwell St, Ascot Vale – Dec 2021 – $7.4m+
16 Rothwell St, Ascot Vale, is among the homes to set a record this summer.
27 Northwood Court, Axedale – Feb 2022 – $1.41m
30 Olive Court, Bagshot – Jan 2022 – $1.18m
20 Greenpatch Drive, Bangholme – Feb 2022 – $2.8m
574 Basalt Rd, Basalt – Jan 2022 – $840,000
147-149 Kiernan St, Bearii – Feb 2022 – $1.1m
29 Charlton St, Blackburn North – Feb 2022 – $2.64m
4 Casey Close, Black Hill – Dec 2021 – $2.2m
11 Simmons Reed Rd, Blackwood – Feb 2022 – $900,000
31 Hillandale Court, Bonegilla – Jan 2022 – $1.37m
3 Blyth St, Breamlea – Feb 2022 – $1.925m
Proximity to the sand helped 3 Blyth St, Breamlea, to a new benchmark for the suburb.
11 Cockatoo Lane, Bruthen – Dec 2021 – $675,000
26 Johnsons Rd, Bumberrah – Dec 2021 – $785,000
22 Belvedere Cres, Burnside – Feb 2022 – $1.35m
82 Champ Elysees Esplanade, Coronet Bay – Jan 2022 – $1.2m
655 Nepean Highway, Carrum – Dec 2021 – $4.35m
3 Derby Cres, Caulfield East – Feb 2022 – $3.25m
139 Old Combienbar Rd, Club Terrace – Jan 2022 – $510,000
74 Paternoster Rd, Cockatoo – Dec 2021 – $1.7m
218 Bacchus Marsh Rd, Corio – February – $855,000
Even the affordable suburb of Corio set a record with the sale of 218 Bacch
204 Darnum Allambee Rd, Darnum – Feb 2022 – $1.75m
11 Hope Court, Delahey – Dec 2021 – $953,000
310 Queens Lane, Drummond North – Dec 2021 – $2.535m
4 Rosslyn St, Dutton Way – Jan 2022 – $525,000
234 Elizabeth St, Edenhope – Dec 2021 – $574,000
132 Morgantis Rd, Eganstown – Jan 2022 – $2.7m
13 Sapphire St, Essendon West – Dec 2021 – $2.449m
10 Heron St, Fryerstown – Dec 2021 – $1.07m
60 Riggalls Rd, Glengarry North – Feb 2022 0 $1.055m
48 Limestone Track, Guildford – Dec 2021 – $1.5m
80-82 High Rd, Halls Gap – Dec 2021 – $800,000
296 Happy Valley Rd, Happy Valley – Jan 2022 – $710,000
575 Switchback Rd, Hazelwood – Feb 2022 – $1.075m
1784 Westernport Rd, Heath Hill – Dec 2021 – $3.6m
315 South Mountain Rd, Heathcote Junction – Jan 2022 – $1.97m
6 Dellar Cres, Horsham – Dec 2021 – $935,000
19 Nettle St, Ironbark – Dec 2021 – $1.5m
45 Lindners Rd, Jeeralang Junction – Jan 2022 – $920,000
22 McCracken St, Kensington – Dec 2021 – $3.3m
32 Dip Lane, Kurraca – Dec 2021 – $722,500
270 Princes Way, Longwarry North – Feb 2022 – $1.375m
225 Bluestone Bridge Rd, Lovely Banks – Jan 2022 – $2.85m
7 Booth Close, Lucas – Feb 2022 – $1.075m
36 Penton Way, Lynbrook – Feb 2022 – $1.32m
118 Queen St, Mandurang South – Feb 2022 – $1.75m
143 Ferguson Rd, Marong – Dec 2021 – $4,361,500
249 Nine Mile Rd, Napoleons – Dec 2021 – $1.2m
49 Glenormiston Rd, Noorat – Jan 2022 – $460,000
255 Lagoon Rd, North Blackwood – Dec 2021 – $2.5m
This quaint 255 Lagoon Rd, North Blackwood, property is now the area’s priciest.
61 The Esplanade, North Shore – Jan 2022 – $1.875m
65 National Park Rd, Pheasant Creek – Dec 2021 – $2.1m
209 Pelchens Rd, Quantong – Feb 2022 – $890,000
123 Silverleaves Ave, Silverleaves – Jan 2022 – $3,388,888
61 Arcadia Court, Simson – Jan 2022 – $754,000
160 Hudsons Rd, Spotswood – Dec 2021 – $2,452,500
1 Albert St, St Arnaud – Jan 2022 – $900,000
34 Charlotte St, Sunshine West – Dec 2021 – $1.72m
The days of Sunshine West being an affordable hub are over, with 34-36 Charlotte St sold for $1.72m at the start of summer.
69 Walkenhorst Rd, Tarrington – Dec 2021 – $799,000
26 University Drive, Taylors Hill – Feb 2022 – $1.38m
10 Summerhill Rd, Templestowe – Jan 22 – $6.85m
394 Ottreys Scrub Rd, Walmer – Dec 2021 – $1.635m
1 Hillcrest Rd, Warrandyte South – Jan 2022 – $8.5m+
1-21 Lemins Rd, Waurn Ponds – Feb 22 – $3.3m+
1-21 Lemins Rd, Waurn Ponds, set a record for the suburb.
679-681 Aviation Rd, Werribee South – Dec 2021 – $4.2m
920 Glenelg Highway, Westmere – Dec 2021 – $450,000
75 Peppernell Rd, Wharparilla – Jan 2022 – $2.52m
15 Osmond Cres, Wollert – Dec 2021 – $1.56m
1790 Plenty Rd, Yan Yean – Dec 2021 – $1.75m
28 Mopoke Gully Rd, Yapeen – Dec 2021 – $1,453,500
89 Yarpturk School Rd, Yarpturk – Jan 2022 – $995,100
— with Nathan Mawby
Source: REIV, CoreLogic