Rising Auction Demand: Ash Barty’s South Yarra Townhouse Awaits Imminent Deal

Tennis champion Ash Barty and her pro-golfer husband Gary Kissick are currently in the process of selling their property at 68A Nicholson St, South Yarra. Despite the property passing in at auction, multiple buyers have shown interest, and a deal is expected to be signed soon. This comes as more than 170 homes were passed in at auctions in Melbourne, with a clearance rate of 63.7%.

Nathan Waterson from Jellis Craig is handling the sale of Barty and Kissick’s home, which they use as a home base while in Melbourne. While two buyers were present at the auction, negotiations are still ongoing to reach the desired price of $1.975 million.

According to Jacob Caine, the president of the Real Estate Institute of Victoria, the affordability of homes has been a major issue for buyers in Melbourne. However, with recent interest rate cuts and the possibility of more to come, the market is expected to improve. Caine is confident that the market will see an increase in the coming month.

Matthew Scaffidi, the Victorian representative of the Real Estate Buyer’s Agents Association of Australia, predicts that the market won’t fully take off until May. He warns that those who are just starting to look for a home may miss out on the best prices if they don’t act quickly.

Steve Burke, director of Belle Property Glen Iris, has noticed increased activity in the market, even from buyers who don’t require a mortgage. He believes that people are acting now because they see the market turning and want to secure a property before prices rise further.

Overall, the Melbourne property market is showing signs of improvement, with interest rate cuts and increased buyer activity. The market is expected to continue to grow in the coming months.