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85 Kirkham Drive, Greenvale Photo: Barry Plant Gladstone Park Many homes in the suburb sit on large blocks of land with front and backyards, Younan said. “People want space. People want side driveways or big two or three garages, and I think Greenvale offers that for young families.” Buyers are typically second or third home buyers, Younan said, while most auctions are attracting four serious bidders. 85 Kirkham Drive, Greenvale Photo: Barry Plant Gladstone Park Last weekend, Younan sold a four-bedroom house in Kirkham Drive to a young family for $705,000 – more than $100,000 above the asking price. He said a “roll up investor” showed up at the auction, pushing the price up. It’s an all too familiar story across the outer east, where buyers snapped up every home at auction in April in suburbs Dingley Village, Thornbury and Wantirna. The search for affordability has pushed people into Melbourne’s outer suburbs, according to Andrew Wilson, Chief Economist for Domain Group. “We’re seeing buyers pushed out by higher prices further in,” he said, describing it as a “wave effect” radiating through Melbourne. Once considered budget suburbs, Wilson said suburbs in Melbourne’s middle and outer ring “didn’t have a strong demand in recent years but certainly they do now”. Further north in Reservoir, investors and first-home buyers are eyeing off apartments – which are “a dime a dozen” according to Aldo Verga from Stockdale & Leggo’s Reservoir office. There were 11 units sold at auction in Reservoir in April, the highest number of all Melbourne suburbs.

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