Why is that we in Melbourne are so intent on destroying nice family homes. Whilst looking for a family home in Bulleen. We came across an auction in Cuthbert St. The agent selling the home was Philip Webb-Doncaster. When approaching the house I asked what range the agents expected the home to sell for. The agent replied by saying that the vendors hoped that the property would attract the developers because it was on a "large corner block" and the 989sqm block had potential for 4 units. The agents also indicated that the property would fetch a high price due to developer interest.
These comments spooked me off immediately and therefore I didn't even bother inspecting the property. It is one thing to be competing at an auction against another family but to be bidding against a developer is useless.
I did not stay for the auction.
The property did not sell on auction date, which was about 2-3 weeks ago now. The property remains on the market for $920,000. Had the campaign not been directed at developers, ordinary folk may have been in with a chance and not been scared off even before the auction started.
There are lots of other properties advertised this way. Some examples being Newman St, Northcote, Darebin Rd, Thornbury, Osborne St, Williamstown, Park Ave, Sandringhams, just to name a few.
Melbourne is becoming the city of townhouses and apartments. Family homes are being destroyed to make way for square, brick homes. Homes that have no appeal. Homes that have no backyards and no style. The street which I currently am residing is a perfect example of this. What was once a family home dominated street, is fast becoming a townhouses dominated street. Just three doors up there is an application for 4 townhouses on the one block.
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