A $1.51 million sale has topped off a string of high-end results in Waurn Ponds that reaffirm buyers’ appetite for convenient lifestyle properties.
Barry Plant, Highton agent Deane Hughes this week sold the sprawling luxury home at 12-13 Traminer Court to a buyer from Highton.
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The $1.5 million-plus price tag sets a new benchmark for residential sales in Waurn Ponds, with only acreage properties attracting higher figures.
CoreLogic data shows a suburb record of $1.8 million for a 2.68ha property at 1-21 Lemins Rd that last sold in 2017.
Mr Hughes said there had been a number of sales above $1 million in recent months.
These include 20-22 Grange Park Drive, which he sold for $1.3 million in December, and 33-34 Barossa Court, which Hodges sold for $1.29 million.
“In the last three months there have been several million-dollar sales, when there has only been a few in the last 10 years,” Mr Hughes said.
“At the moment there are people that are coming that are happy to spend and get those bigger blocks.
“People normally go to those for bigger blocks but people want that convenience of the train station and shopping centre.”
He said there were 14 properties currently on the market in Waurn Ponds, which was high for the tightly held neighbourhood.
Some could still be found in the low-$500,000 range.
“It’s still a bit undiscovered, a lot of people in Newtown, East Geelong and Geelong West, they want that lifestyle, they don’t really go to Waurn Ponds,” Mr Hughes said.
“Until you get there you don’t realise what it offers, that you can get those larger blocks and the flexibility of the services.”