Balwyn North home sells for $2.975m after auction showdown

News.com.au

27-07-2025

A six-way auction showdown has seen a single-level Balwyn North home sell for $2.975m, topping Melbourne's PropTrack weekend auction results.
The impeccably maintained home at 9 Macedon Ave drew a crowd of about 60 onlookers and sparked fierce competition from families and downsizers alike, with six bidders pushing well beyond expectations.
The campaign attracted nearly 100 groups through the door, many drawn by its rare blend of low-maintenance luxury, flexible living, and proximity to both North Balwyn Village and the Balwyn High School Zone, one of the city's most coveted catchments.
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Fletchers Balwyn director Daiman Kane said the home was 'as move-in ready as it gets' and hadn't changed hands in more than 20 years.
'It was very competitive, the moment bidding opened it was game on,' Mr Kane said.
'It's a beautifully kept, one-owner home, walking distance to shops, cafes, trams and one of Melbourne's best public schools. That kind of package just doesn't come up often.'
The single-level floorplan was another major drawcard, particularly for buyers seeking downsizer-friendly living without sacrificing space or lifestyle.
The home includes four bedrooms, three bathrooms, and multiple indoor-outdoor living zones, including an alfresco terrace surrounded by lush gardens, a water feature and a mini putting green.
Inside, parquetry floors frame the open-plan family zone, anchored by a granite kitchen with Smeg and Miele appliances, a walk-in pantry, and abundant storage.
Mr Kane said there wasn't a cent to spend on the home.
'The buyers loved that they could move straight in and enjoy everything, no renos, no compromises,' he said.
The winning bidder, a single woman downsizing from a larger home, had been searching for the right property in the area and 'acted quickly' once she found it.
'She was absolutely ecstatic — and rightfully so,' Mr Kane said.
'For a downsizer who still wants space, garden, and walkability, this was the perfect match.'
The Fletchers Balwyn director said the result was a clear signal that quality listings is in short supply, and buyers are willing to stretch for the right property.
'Winter's actually proving to be a great time to sell,' Mr Kane said.
'There's less on the market, but the buyer pool is still strong, and good homes are being snapped up fast.'
With a potential interest rate cut tipped by the Reserve Bank next month, Mr Kane said momentum was building across Melbourne's established suburbs.
'If you're a buyer waiting for the perfect conditions, this might be your window,' he said.
'Confidence is definitely returning, and we're already seeing that reflected in competition and results.'
PropTrack data shows Melbourne home values rose 1 per cent in June, with buyer urgency and low stock levels combining to drive strong winter clearance rates, a trend expected to accelerate in spring.
'You can really feel the energy starting to shift,' Mr Kane said.
'We're on the upswing, and there's still time to catch the wave.'