Real estate market hot in Mulgrave despite a cold winter
It seems that Mulgrave is the latest suburb to catch the attention of property investors and developers. Mulgrave’s close proximity to hot-spot Glen Waverley and comparatively affordable property prices mean that investors have identified the potential for significant growth in this area – especially when compared to the neighbouring suburbs of Mount Waverley, Glen Waverley and Wheelers Hill where prices are already booming.
In 2015, the median sales price in Mulgrave rose over 20% to $750,000 and to $780,000 in August 2016. In the eyes of investors, that degree of growth represents an excellent opportunity for short-term capital gains.
In a market where buyers are increasingly savvy and have a multitude of information at their fingertips, the professional skills and sales strategy of the real estate agent can make all the difference when it comes to selling for a top price.
For the owners of 608 & 610 Springvale Road, Mulgrave, it was the clearly structured selling system and friendly, straightforward manner of their agent, Jessica Chea of First National Waverley City, that set her apart from her competitors and won their trust.
"First National Waverley City’s service guarantee and $0 marketing costs eliminated the selling risk for us. Jessica's negotiation skills, coupled with her clear strategy of marketing the properties both individually and as a joint parcel was particularly appealing to us and proved an excellent approach to gaining more interest from different types of buyers." vendor, Adrian said.
Vendor Chi agreed, stating "The result absolutely reinforced First National Waverley City’s selling system. Our properties went on the market very quickly and we were impressed that one of the properties sold within 2 weeks. The private inspections made us feel really comfortable and Jessica's responsiveness and excellent communication skills made the whole process fuss-free. We would happily recommend Jessica and First National Waverley City to other people who are looking to sell their home."
These two properties proved to be very popular and sold quickly despite being placed on the market in the middle of the winter season. 608 Springvale Road, Mulgrave sold for $780,000 and neighbouring 610 Springvale Road sold for $738,000.