St Kilda East price spurt
Buyers agent Frank Valentic, of Advantage Property Consulting, watched the two-bedroom apartment at 4/1A Lansdowne Rd, St Kilda East fetch $661,000 at recent auction.
It last sold at $490,000 in 2009.
He said an apartment in an almost identical position in the block sold last year for about $500,000.
There was a $548,000 sale in December 2013, records show.
The latest two bedroom sale was one of only six.
It came with secure car parking.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
