Early bird Kew auction result signals strong price growth continuation
Jonathan ChancellorDecember 7, 2020
The WBP buyers agency were in attendance at the auction of 51 David Street, Kew last Saturday.
There were 100 people at the Buxton auction with around eight bidders pushing the price to a strong $2.61 million sale.
Having sold for $2.17 million in February 2014, the four bedroom property has had a price growth of over 20 percent in two years.
WBP's Greville Pabst put the sale down to the quality of the property as opposed to the state of the market.
"It's too early to gauge any market trend for 2016, but this suggests solid demand that will flow into 2016, especially for houses," he said.
The Victorian style family home has four bedrooms, two bathrooms and an expansive decking at the rear of the property.
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.