Located at 13-15 Mahon Street, the first stage permit is approved for 10 townhouses and the second stage featuring 6 further townhouses. The property sold on a unit rate of $147,059 and is just a short walk from Beaconsfield’s core retail precinct.

The deal was negotiated by Benson Zhou and Julian Heatherich of Savills Australia who said that buoyancy in the residential market in Melbourne’s outer suburbs has resulted in developers being willing to acquire sites at more bullish rates and meet the price expectations of vendors.