IT seems young Melbourne home buyers can’t get enough of the clean lines and geometric shapes of Art Deco architecture. Real estate agents have reported a rush on anything displaying the movement’s distinctive hallmarks as the city’s collective appreciation for the style grows.
The buildings are starting to be looked at with the sort of reverence that became attached to the much older Victorian buildings when the heritage movement gained momentum in the 1970s.
“We had four offers of the full asking price straight away and we ended up selling it that day for $31,000 over what the vendors were asking,” Mr McIntosh said.
He said the company had sold 40 others in the same building over the past four years and had watched the prices rocket along with demand.