Auction in Richmond Delivers $900,000 Above Reserve

GrayJohnson has delivered another above market result in the city fringe.

23 Butler Street has sold at auction for $2,750,000. This represents a record land rate of $17,628 psm.

During the auction there were 5 bidders/owner occupiers competing to secure the property.

At GrayJohnson we are forecasting significant growth in selected city fringe suburbs as low interest rates (still well below the mean average) and the lack of quality stock available will drive prices upwards in the next 12-24 months.

If you would like a confidential discussion please call Rory White 0439 655 504 or Matt Hoath 0418 543 714.

Leave a Reply

Your email address will not be published.