Thornbury's busy auction weekend

Thornbury tied Reservoir as the busiest Melbourne suburb for auctions last weekend, according to CoreLogic RP Data.

Both northern suburbs had 21 auctions scheduled on the weekend of 21 March.

99 Hutton Street (pictured above) was one of the homes auctioned in Thornbury last weekend. The Californian style period house sold for $1.15 million through Nelson Alexander's Grant Leonard and Peter Egan.

The three bedroom, one bathroom house has timber flooring throughout and is set on a deep plot, with a garage, shed and cubby house at the back of the property. At $1.15 milion, the home is valued above the suburb's median price of $827,500 (as of February, according to CoreLogic RP Data).

Thornbury's median price has been gradually increasing since 2011 as the suburb gentrifies. CoreLogic RP Data recorded a 15% growth in Thornbury's median house price over 2014, after 5% growth the year prior.

While Thornbury is largely associated with period cottages, the suburb is increasingly offering renovated or new contemporary homes. 195 Gooch Street (pictured below) also sold at auction this weekend, for $820,000.

The three bedroom, two bathroom contemporary home is brand new, and has open plan living areas with glass doors opening onto a north facing courtyard. Each of the bedrooms has built in robes, and one includes city views. The house sold through Michael Divito and Gino De Iesi of Barry Plant Northcote.

The two bedroom townhouse at 6/42 Swift Street in Thornbury (pictured below) sold on Saturday 21 March through Gino De Iesi and Luke Brizzi of Barry Plant Northcote for $567,500.

The new residence, one in a block of six, was designed by Cornetta Partners Architects. Another in the block, 1/42 Swift Street (pictured below), is currently listed for sale.

CoreLogic RP Data recorded Thornbury's median unit price as $285,000 for February 2015, but the previous month it was at $460,00. The suburb's unit prices were up 3.9% over 2014, after 13.9% growth in 2013.