April 15, 2019
Jellis Craig Bayside Glen Eira April Market Update
2019 is proving to be a stronger year than 2018 with an increasing number of buyers returning to the market with an awakened appetite. This has seen a vivid and active market being led by strong sales and strong clearance rates for our team.
The lack of stock we mentioned in our last newsletter is still a reality. While buyers have come back to the market, the same cannot be said for residential properties yet and this discrepancy between demand and supply is increasing competition.
The low stock levels in the market is also leading buyers to expand their search to consider a wider range of suburbs. The Bayside and Glen Eira suburbs have always attracted interest from out of area buyers and these last months have not been any different. These buyers carry a higher spending power and are attracted by the lifestyle and amenities that the Bayside and Glen Eira areas offer.
The recent significant investments in infrastructures and services have added interest and value to the area: the removal of numerous level crossings and construction of new train stations have allowed buyers and residents to enjoy the Glen Eira life style while being able to access the city more easily. The Bayside area is benefiting from important investments as well, with the Bayside Council committed to deliver a new pavilion at Dendy Street Beach, a $4 million boost for commuter parking in Hampton and the largest single investment in sporting infrastructure in Council’s history with the construction of the Bayside Netball Centre.
With Bayside and Glen Eira suburbs being some of the most sought-after locations in Melbourne, the support of real estate specialists is vital to achieve exceptional results. For your next property move contact us today.
Jellis Craig Bayside Glen Eira
390-392 Centre Road, Bentleigh 9593 4500
307 Bay Street, Brighton 9194 1200
59 Koornang Road, Carnegie 9573 6100