There are more opportunities for buyers now than a few years ago in an end to the boom that had pushed prices to unaffordable levels.
A few years ago,buyers were snapping up properties sight unseen,but Melbourne’s market has since faced a string of hurdles.
When Essendon director Andrew Muir sold his Toorak house for $28m+ he bought a Flinders spread and a Carlton terrace. Now he’s offloaded the pied-à-terre.
Families bought in years ago,and loved the neighbourhood so much they stayed - sometimes for decades.
“It’s a very,very special home,” the agent said. “People who weren’t actually considering buying in the inner west,were actually considering this house.”
The three-bedroom family home attracted 12 parties at auction,where the agent joked the burger joint down the road was worth an extra bid.
Looking for your next home in Victoria? From South Yarra to Shoreham,we’ve got you covered.
Nearly every Melbourne suburb recorded a rise in rents over the last year,but some soared higher than their neighbours.
Instead of moving to the coast for the lifestyle,there’s a wave of city dwellers being pushed to the regions due to the cost of living.
The four-bedroom house had a quoted price range of $2.4 million to $2.5 million,and passed in at $2.6 million.
Both the buyer and the underbidder expected the two-bedroom house in a sought-after location to sell for even more.