Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential

Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential
Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential

It is evident that the Bayside contains some of the best eye candy properties in the south-eastern suburbs of Melbourne, according to the latest Herron Todd White (HTW) residential report. 

The report notes demand has remained constant due to the prestige nature of the properties, whether because of their location, size or the lifestyle features they offer.

"Given the right market conditions, investors and owner-occupiers are willing to pay a premium for an eye candy property as an addition to their portfolio," the valuation firm said. 

Highlighted below are the highest priced transactions for 2019 and the highest current listings on the market today in the south-eastern region of Melbourne. 

A four bedroom modern house in Hampton was sold for $3.1 million in May. 

Situated on a north-facing corner block, the home at 36 Margarita Street (pictured below) comprises four bedrooms, three living areas, three bathrooms and double garage.

The property is located just a stroll to schools and the bay and a few minutes from Hampton Street cafe culture and shopping precinct. 

Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential

An architect-designed home at 45 First Street, Black Rock (pictured below) was sold for $3.9 million in July. 

"Known as one of the most sought after addresses in Black Rock, this bespoke three storey design by architect Eric Sette embodies the true essence of luxury," the valuation firm said. 

With floor to ceiling windows, this property offers panoramic bay views, a heated pool and a home theatre.

"This is the perfect home to entertain guests with a touch of luxury living," the valuation firm commented. 

Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential

Tags: 
Prestige Market South East Melbourne

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