Balwyn North home sells for $2.975m after auction showdown

Six bidders fight it out for a move-in ready home in one of Melbourne’s most tightly held school zones, and the final price stuns.

This four-bedroom Balwyn North home in the prized Balwyn High School Zone sold for $2.975m after a hotly contested six-bidder auction.

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 granite-topped kitchen features Smeg and Miele appliances, a walk-in pantry and abundant storage, ideal for family entertaining or downsized luxury.

One of three bathrooms in the home, this stylish ensuite pairs generous proportions with a spa bath and sleek stone finishes.

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.

A lush landscaped garden with a water feature, alfresco terrace and firepit creates the perfect backdrop for outdoor entertaining year-round.

Two spacious main bedrooms, both with walk-in robes and private ensuites, cater to downsizers or multigenerational families in style.

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.

A flexible bedroom easily converts into a study or retreat, ideal for remote workers or those needing a quiet creative space.

“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.

The beautifully maintained rear garden includes sculptural plantings, a mini putting green and private spaces to relax or host guests.

The mini putting green.

“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.”

The open-plan kitchen, dining and living zone flows effortlessly to the rear terrace, combining indoor luxury with a tranquil outdoor vibe.

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.”

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Originally published as Balwyn North home sells for $2.975m after auction showdown