Join Australia's most dynamic and respected property investment community

VIC What do you make of Melbourne market (Auction results - 1047 wow)

Discussion in 'Where to Buy' started by ross100, 25th Jun, 2015.

  1. ross100

    ross100 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    158
    Location:
    Melbourne
    upload_2015-6-25_11-48-0.png
     
    Perthguy likes this.
  2. dublin_101

    dublin_101 Active Member

    Joined:
    18th Jun, 2015
    Posts:
    34
    Location:
    VIC
    Everybody going to auction - pointing to high demand.

    One other thing which has caught my eye recently in Melbourne was not just auctions, but "in room" auctions held mid week.
     
  3. Lisa Parker- Buyers Agent

    Lisa Parker- Buyers Agent Well-Known Member Business Member

    Joined:
    24th Jun, 2015
    Posts:
    258
    Location:
    Melbourne
    Many areas which have traditionally been private sale areas are beginning to move to Auctions as well. One area in particular was almost 100% private sale at the beginning of the year and just the last 2 months have ramped up to about 30% auction sales.
    Which isn't so convenient......
     
  4. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,340
    Location:
    Perth, Melbourne, USA
    What I make of it? Boom

    Development sites are in high demand everywhere

    Mtr:)
     
  5. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,676
    Location:
    Perth
  6. ross100

    ross100 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    158
    Location:
    Melbourne
    thats right i was stuck in that one
     
  7. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    Forget about auctions...that is only inner and middle suburbs...you need to drive around and talk to agents, land developers etc.

    From what I am hearing..it is HOT HOT....
     
  8. Be Developer

    Be Developer Property Developer Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,078
    Location:
    Australia
    Melbourne is RED HOT at the moment.. it;s not even summer yet!

    working on 3 deals at the moment ...fending off stiff competition before 1st open home..

    Seems like Sydney De ja vu!
     
  9. Beelzebub

    Beelzebub Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    566
    Location:
    Lost
    What's going on in Tassie? Those clearance rates are looking pretty strong?