A Sunshine West property sold for $1.31 million last week, just weeks after another million-dollar sale in the suburb.
A family bought the six-bedroom property on Rivervalley Boulevard at auction on June 18. It followed the sale of another Sunshine West property for $1.16 million on June 14.
Douglas Kay agent Peter Kay said more people, especially families, were viewing the area as an attractive option.
“We’re dealing with a very small percentage of the market that are buying at this level, but the quality of the home shone through and we were able to get the result,” Mr Kay said.
“The proximity to the city, central Sunshine and the university definitely makes the area quite popular and the reputation of the area is enhancing,” he said.
“I think it’s just the beginning.
“We have properties in Sunshine North which have the capacity to see $1.5 million … I think people will always pay for quality and location. And if they can afford it, they’re not going to put a limitation on where they raise their family.”
The most recent million-plus sale comes on the back of data from Corelogic that revealed a slump in Melbourne property prices in recent months, although the market is still up 2.2 per cent compared to the same time last year.
Mr Kay said the families looking to buy into the area were well placed to take advantage of larger homes on the market, despite the slump.
“At the top of the market, you’re dealing with families that may have assets to lean on when they’re looking to make that next step,” he said.
