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She took time out from her busy schedule of open homes last week to revisit a modernised four-bedroom family house on Stoke St that went under the hammer last Saturday in a sale that underscored the suburb’s popularity.
The property, which had a rateable value of $900,000 in August 2019, fetched $1.345 million after a bidding war helped enable the coastal community to join the city’s million-dollar post codes.
“It’s near impossible to get a well-presented family home under a million dollars,” she said.
“There’s always demand outstripping supply.”
“It had a rateable value of $680,000 and sold for $1.465 million, that’s phenomenal,” she said.
Although stock is at a premium, Standeven expects business to carry on though to the holiday season.
“We don’t have half the listings we would have had this time last year, but we don’t expect a break until Christmas.”