Marshall White - Market Update Report - Issue 2, 2024: Team Pearce - Mornington Peninsula

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Feature Property

Mornington Peninsula with Team Pearce

This past quarter has seen an increase in buyer activity driven by well-executed Expression of Interest (EOI) campaigns. These campaigns have proven effective in creating a sense of urgency and encouraging potential buyers to take action. Turnkey properties have continued to be highly sought-after, with buyers showing a strong preference for homes that require little to no renovation work. The convenience and immediate liveability of these properties have made them highly attractive to buyers looking for a seamless transition into their new home. As always, location remains a crucial factor, with properties situated in close proximity to shops, cafes, schools, and public transport commanding significant attention and achieving strong sales results.

Mt Eliza's property market is set to remain stable, driven by its ongoing appeal and lifestyle drawcards, which is expected to support long-term resilience.

45 $ 1,868,349 $ 1,949,189 $ 4,560,000 $ 87,713,500

^ Financial year quarters shown*Source: Marshall White, Property Data Online for sales over $1m VIC Govt. Dept. Families, Fairness and Housing

Property Highlight Notable Recent Campaign

Experience unparalleled luxury in this exquisite residence nestled in a prestigious enclave between marinas. Built in 2019 with meticulous attention to detail and contemporary flair, this flawless family home boasts expansive proportions and chic décor throughout. Adding to its appeal is a private 14m berth equipped with power and water, perfect for avid boaters and those seeking a waterfront lifestyle.

1 South Harbour Esplanade Safety Beach

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