Two Brimbank suburbs have joined the $1 million property club for the first time.
A house at 4 Dubbo Street, Albion, was sold for $1.06 million on April 15.
That was followed three weeks later by the sale of a four-bedroom house at 1 Walter Street, Sunshine, for $1.03 million.
The sales are a sign of things to come, according to real estate agents.
Biggin and Scott selling agent Frank Forti said the 3020 postcode was booming.
“The area is coming up quite fast,” he said. “There are nice streets in Albion, a lot of homes with character on good-sized blocks of land. There’s lots of space, with excellent facilities at Albion train station, Selwyn Park.”
Sweeneys sales manager Mendo Micevski said the Sunshine sale was “a definite sign of things to come”.
“The area is going great guns,” he said.
“Brimbank council is spending a lot of money on Sunshine and people are really talking it up,” he said.
“It’s [the Walter Street sale] been phenomenal and great for central Sunshine.
“I’m sure other properties will come up around that mark later this year.
“We had one go for over a million in Albion, but that was a bigger block.
“It’s always a good time to sell if you present your property well. You’ll get great results and that’s exactly what the Walter Street [owners] did.”
The previous-highest residential sale in Sunshine was in February when a property in Cornwall Road sold for $935,000.
Development potential
A Real Estate Institute of Victoria spokeswoman said the Albion sale had smashed the previous record of $840,000 set in March last year.
“It’s important to note that the neighbouring property at 6 Dubbo Street also sold the same day for $740,000, so it was likely purchased for its development potential,” she said.
