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Open for Inspection - The crowds come... Yesterday I thought I would take a quiet look at a few properties in an inner suburb in Melbourne. Earlier in the week I had received an email from an agent I had been in contact with last year. As we all know, emails and text messages from agents...

Recent reports from the Melbourne Property Market. Came across this article in my research. Seems to be a stand off between buyers and vendors at the moment. In light of interest rate rises, termoil on the share markets and the credit squeeze, buyers are being understandably cautious...

Hi RetireEarly, In light of the recent poor performance of the Share market, and the tightening of credit I would have thought that your prediction above is very bullish. Most expect there to be very little growth in the Melbourne property market this year. There is a lot more supply coming...

Market Update Just thought I would update on the sale price of this flat in North Melbourne mentioned above. Interestingly, the campaign started out with the flat listed as $340,000+, however last week, it was advertised as $350,000+. The flat sold on Saturday at auction for $421,000...

Hi asdf, Don't beat yourself up too much. $500,000 sounded like a lot of money to me as well! Who would have ever thought that prices could rise any further?? Regards Jason.

Melbourne Market Update - 9 December Hi MTR, The official clearance rate this weekend was 78% with 1123 properties being auctioned. Enzo Raimodo (The Real Estate institute of Victoria Chief Excutive) said that the number of auctions held on Saturday were near the highest in the past five...

Melbourne Market Update - 3 December Yesterday's clearance rate slipped slightly down to 78% as opposed to 81% last week. According to the Herald Sun, it was only the fourth time this year that the clearance rate dipped below 80%. Despite the drop in the clearance rate, many outstanding...

Melbourne Market hots up on Election Day! According to today's papers the Melbourne market achieved a clearance rate of 81% for 653 auctions. Agents reported that there were fewer properties on the market due to the election. But the properties that were auctioned yesterday achieved very high...

Update on Melbourne's Inner City Market The heat still seems to be in the Melbourne property market. Yesterday the clearance rate was 82%, even with a flood of extra properties into the market place. Inner Melbourne has moved by 19% this year. The following flats were sold yesterday by...

I am not too worried about the technical definition - whatever it is, it has put a big smile on my face this year!!!:D

Nice house!

Update on Flats and Apartments in Nth Melbourne Nth Melbourne Update Two flats went for auction today in Nth Melbourne. The first below sold for $340,000. When I rang the agent earlier this week he was expecting between $270,000 and $310,000. The flat is in very average condition and is...

There was an interesting article in the October issue of API which spoke of some firms employing unqualified valuers. Often they are students, and the senior valuer will send them off to a property, and then sign off on it!:eek: I believe that as part of their professional development...

Wow, Yarraville and the surrounding areas are really rising rapidly now. It seems that the Inner West has jumped up by huge margins. This is amazing! Regards Jason.

Here are some more results of 2 bedroom flats sold over the weekend to add to your's above Jen: This 2 bedroom flat with a car space at 22/174 Lee Street in Carlton Nth sold for $420,000. It is in a reasonable location with good access to the Lygon Street tram and the cafe's and restaurants...

Re: News of Credit Crunch and Impact on Inner Market Hi, I would be interested to know if the recent reports on the current credit crunch in the US are having any impact on the Inner market in Melbourne. I would be particularly interested to know if there will be any impact on the market...

Hi Jen, I saw through the link to the property in Brunswick that you have posted above, and would be interested to know the result as well. The flat was very ordinary! It would need a total renovation. It also smelt strange inside!! There was also something dodgy with the parking. The...

Hi Nikki84, I would agree, the house you mentioned in Stewart Street Brunswick seems to be a genuine bargain. My only question would be how much work needed to be done to the property to bring it up to a liveable condition? I looked at buying a Single fronted 2 bedroom Terrace home at 67...

Ok, I shall look forward to reading the result! :D Regards Jason.