Definitely - auctions can go either way. As I said earlier, the key in the current market is location. Some more crazy auction prices but in vey good locations.
7 Station St, Kew East. Sold for $1.5m, shy of 400sqm (built to look like an old weatherboard house). Could've bought this for $900k-$1m last year.
http://news.domain.com.au/photogallery/domain/7-station-street-kew-east-20130627-2ozak.html
677 Drummond St. 100sqm terrace in Carlton North. Sold $900k. Could've bought this for $680k or so last year.
http://www.jelliscraig.com.au/property/CARLTON/2967027/
23 Benjamin St Parkville. 90sqm single storey, 3-bedroom terrace in Parkville. $1.42m. Buy this for $850k last year.
http://www.nelsonalexander.com.au/properties/buying/parkville-23-benjamin-street
7 Station St, Kew East. Sold for $1.5m, shy of 400sqm (built to look like an old weatherboard house). Could've bought this for $900k-$1m last year.
http://news.domain.com.au/photogallery/domain/7-station-street-kew-east-20130627-2ozak.html
677 Drummond St. 100sqm terrace in Carlton North. Sold $900k. Could've bought this for $680k or so last year.
http://www.jelliscraig.com.au/property/CARLTON/2967027/
23 Benjamin St Parkville. 90sqm single storey, 3-bedroom terrace in Parkville. $1.42m. Buy this for $850k last year.
http://www.nelsonalexander.com.au/properties/buying/parkville-23-benjamin-street