Seeliger Real Estate Principal Mark Seeliger successfully sold a four-bedroom, four-bathroom waterfront home in Luton Drive for an impressive price of $2.5 million making it in the top five sales for the whole state in January 2024.
The top five result, which was published by soho.com.au, came after the property had been listed with Seeliger Real Estate for approximately 90 days.
“It’s a great result for the vendor, and we were pleased to be able to deliver a quality home to the buyer who had seen it advertised in the Yarrawonga Chronicle,” Mr Seeliger said.
“We are blessed with quality homes located in amazing locations in Yarrawonga and Mulwala.
“Local builder Lekeal built this home at 6/10 Luton Drive under the watchful eye of Ken Stevenson.
“We are lucky to have such quality homes in our community, built by local builders and despite this home being ten to fifteen years old it remains a quality purchase.”
Mr Seeliger said the demand for homes at the top end in Yarrawonga Mulwala remains very strong.
“Interest and sales at the upper end of the market have been very strong and we encourage anyone who is considering selling their home to come in and see us or contact myself,” Mark said.
Since the COVID-19 pandemic housing pricing has soured and in less than five years many local homeowners are still seeing values rise at the top end of the market.
Mr Seeliger said property prices locally remain steady despite regional and metropolitan areas showing a slight slump over the past 12 months.
“With interest rates now settled, along with our strong job market and the lifestyle attraction here, I believe demand for homes in Yarrawonga Mulwala will remain strong,” Mr Seeliger said.
“At the lower end of the market there are some fantastic incentives for first home buyers at the moment with the Victorian Homebuyer Fund along with the stamp duty waiver or concession for homes under $600,000 in regional areas.
“The Homebuyer Fund is a shared-equity scheme under which those with a five per cent deposit can co-buy a home, with the Victorian government taking a stake of up to twenty-five per cent in the home and as a result there is no lender’s mortgage insurance required.
“From this perspective it’s a great time to get into the local market if you are a first home buyer.”
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