Melbourne market surprises!

[rprodrive]

Considering all the negative sentiment - does anyone have some surprise good results in Melbourne to report?

This is mine - a 2 bedroom apartment in Caulfield North. It has some great features such as being in a small block of 4 and is of a larger size for a 2 bed apartment. On the downside it is completely original and needs a renovation.

It sold for $610,500 yesterday. That caught me by surprise - the seller must be very pleased (and relieved!).


http://www.realestate.com.au/property-apartment-vic-caulfield+north-107689511

 

[pieman]

OMG that flat is magnificent. That thing has not been touched in 40 years and yet it appears so clean. As a child of the 70's those colours bring back happy memories, although the thought of living in it now isn't so appealing.

The result sounds solid, I guess the strong Jewish interest will always support that market and as you say a block of 4 makes it attractive. I have plenty of anecdotal evidence from my area but there sure aren't the bidders like 18 months ago. The approach now seems to be to not bid and then rush inside to negotiate with the hope that the venders will cave in early. Works for motivated sellers.
I checked a 3br 2br pool on new st Brighton on the W/E and that's exactly what happened. <400 sqm of land and it went for near 1.45.
Good dough.

 

[Deltaberry]

This sold for $810k. Pretty high for single story a shoe box given the market.

http://www.domain.com.au/Property/For-Sale/House/VIC/Carlton-North/?adid=2009199372

This thing passed in for $1.1m too on a buyer's bid. Vendors want more - surely they know the market's falling don't they...?

http://www.domain.com.au/Property/For-Sale/House/VIC/West-Melbourne/?adid=2009193428

 

[Telejazzer]

The people that are sure to win are the advertisers. They get paid no matter the outcome.

 

[Aaron Sice]

that doesn't need a reno! it's period perfect - even the furnishings are spot on.

that's why it went for what it did. why change that? isn't the point of selling to have a "point of difference"?