HOUSE price records have been broken in suburbs on all sides of Melbourne this year, as the market kicks up to another level.
Benchmarks have been beaten in battler suburbs on the rise, including St Albans and Sunshine North, as well as blue chip postcodes like Balwyn and Carlton North.
And a divine Collingwood church conversion not only became the most expensive house to change hands in the suburb, but of in all Melbourne’s inner north last week.
Advantage Property Consulting director Frank Valentic said a flood of new records had been set in 2017, especially at the start of the year, reflecting the strength of Melbourne’s market.
“Some of the prices have been absolutely outstanding — well above reserve,” he said.
“There’ll continue to be some runaway results and we’ll keep seeing records, but there’s been a bit of a welcome slowdown for buyers since the underquoting laws changed.”
The Courtyard House at 6 Oxford St beat the Collingwood and inner north records for a single dwelling when it fetched an undisclosed figure between $5.8-$6.38 million last week.
CoreLogic records indicate the heavenly home’s seller, architect Ilana Kister, paid $2.505 million for the former church in 2012 — a record that had stood until the latest sale.
She then spent two years converting and extending it.
Meanwhile, an original ‘50s weatherboard broke Sunshine North’s residential price record by the smallest of margins — $1000 — when it achieved $1.051 million in its first ever sale last weekend.
Six bidders competed at auction for the original weatherboard at 27 Northumberland Rd, which was built by the sellers’ father in the ‘50s.
A similar property in St Albans at 80 Alfrieda St soared to a benchmark $1.81 million in February, prompting Ray White St Albans director Shaun Marijanovic to declare the suburb was shaking its “bad reputation”.
A jawdropping house at 19 Panorama Way in Point Cook’s up-market Sanctuary Lakes estate also beat its own suburb record of $2.1 million when it sold again for $2.33 million this year.
In June, the historic home of Madman Entertainment co-founder Paul Wiegard obliterated Fitzroy’s price record by almost $900,000, selling for $4.9 million, as a modern marvel in Balwyn soared $860,000 past than its suburb’s previous top price to fetch $8.36 million.
6 Oxford St, Collingwood
Sold for: an undisclosed price between $5.8-$6.38m in August
Previous record: 6 Oxford St, $2.505m in September 2012 (suburb) and 1032 Drummond St, Carlton North, $5.255m in June 2017 (region of inner-north)
1032 Drummond St, Carlton North
Sold for: $5.255m in June
Previous record: 235 Amess St, $3.45m in May 2017
43 Gore St, Fitzroy
Sold for: $4.9m
Previous record: 17 Bell St, $4.011m in November 2016
35 The Grove, Coburg
Sold for: $2.5m in April
Previous record: 23 The Grove, $2.2m in August 2015
70 Pinetree Cres, Lalor
Sold for: $1.11m in June
Previous record: 29 Keane Cres, $1.1m in June 2017
10 Windermere Cres, Gladstone Park
Sold for: $921,000 in May
Previous record: 9 Allenby Place, $820,000 in May 2017
17 Windoo St, Frankston North
Sold for: $611,000 in July
Previous record: 69 Armata Cres, $596,000 in April 2017
9 Knutsford St, Balwyn
Sold for: $8.36m in June
Previous record: 125 Yarrbat Ave, $7.5m in December 2015
16 Tower St, Surrey Hills
Sold for $5.655m in February
Previous record: 37 Middlesex Rd, $3.8m in December 2016
19 Panorama Way, Point Cook
Sold for: $2.33m in March
Previous record: 19 Panorama Way, $2.1m in July 2015
80 Alfrieda St, St Albans
Sold for: $1.81m in February
Previous record: 21 Albert Cres, $1.1m in December 2016
27 Northumberland Rd, Sunshine North
Sold for: $1.051m in August
Previous record: 32 Troon Cres, $1.05m in November 2016
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Sources: CoreLogic, real estate agents. For single residential dwellings, not including off-market or unreported sales