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Real Estate in Carnegie and Hughesdale ‘Performing Well’

By Matt Hurlston

Real estate in Carnegie and Hughesdale performed well in March, with the Ray White Carnegie sales team experiencing a busy month.

March marked the end of a successful quarter, in which the local property market – and Melbourne as a whole – saw auction clearance rates of approximately 70 per cent.

And the Ray White Carnegie sales team auctioned a number of houses that experienced strong buyer interest – specifically in the high-value end of the market.

A Morgan Street piece of Carnegie real estate sold for $1.21 million, while 68 Lillimur Road in Ormond went under the hammer for $1 million.

Both of these properties were marketed and sold by Tom Grieve, a specialist in high-end Carnegie homes.

Real estate in Hughesdale also enjoyed a terrific response, with suburb specialist Andris Crawford seeing 170 potential buyers walk through the doors at a 20 Paget Street property during its advertising campaign.

The home eventually went on to make nearly $1 million at auction.

Matt Hurlston, director at Ray White Carnegie, said: “New homes coming to the market in March was quiet, which surprised us considering the amount of buyers and the strong success rate of auctions in the local market.

“There is no doubt that now is the best time to sell a home since August 2010.”

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