With these sorts of sales the market will determine the price of the property, he said. It s the last undeveloped zone 1 property in this precinct. Once it s gone you ve got to buy a building and knock it down. I hope this does add some value and create (buyer) competition. One family has owned the 810sq m property for the past 30 to 40 years and had recently decided to sell after the death of a close family member.Mr Trickey said the strength of the market had also played a part in the family s decision to sell.But he said buyers were acutely aware of the potential of the site in the heart of Glen Waverley s activity centre. It s just in line with everything that is happening in Monash at the moment. We d love a developer to buy it and bring more businesses to the area. Harcourts Glen Waverley director Dexter Prack said property prices were booming in the heart of Glen Waverley. Anything within a 200m radius of the Novotel, as a centre point, is crazy, Mr Prack said. We sold a property at 16 Panoramic Grove last week for $578,000 over the reserve. It hit $2.2 million. Mr Prack said developers were battling one another to get their hands on property in that area because it was nearly a safe bet .But Mr Prack also warned the record $5.105 million Montclair Ave sale was helped along by its commercial zoning. That was a massive price but not one you can compare every block of land to, Mr Prack said.相关的主题文章：


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