Wounded Underbidders Aplenty
Bidderman says Boroondara returning to cauldron – wounded underbidders aplenty. And at the Top End the market is strengthening both at auction and in the shadows away from the public.
See how the Top End Market has been performing.
Are you serious councillors, or is this a misprint in The Age (Adam Carey Nov 14)
“Boroondara (all 11 councillors) said it opposed the government’s decision to give residents the freedom to build secondary homes – or granny flats – on their properties without a planning permit, raising concerns about neighbourhood character, amenity and car parking.”
Market in a Minute: Spring M32023: Melbourne’s $2m+ housing market sees decreased auction transparency with only 20% selling under the hammer. Prices slightly retreat, particularly for B and C graders. Inner East remains a hotspot due to Aussie Asian demand, while Bayside and Stonnington face challenges. Market unpredictability is evident as buyer urgency has left all but the Inner East.
Mal, what do you mean Volatile market?
You know that fiery girlfriend or boyfriend you are showing up for and you don’t know whether it’s going to be a great date or a disaster – that’s a volatile market.
It’s a risk. Do you go to the party, risk a public flop but increase your chances of getting lucky or do you stay home and text where it’s safe, but not much can happen – that’s a volatile strategy choice – auction or sit tight.
Every Monday, keep up to date on Top End News from Hawthorn to Toorak to Brighton to Albert Park and all of Top End Melbourne.
Bidderman says Boroondara returning to cauldron – wounded underbidders aplenty. And at the Top End the market is strengthening both at auction and in the shadows away from the public.
Stock has increased and more coming on BUT Bidderman per auction are falling. Showing active market has little depth – shallow.
SOLD by JAMES BUY SELL, BUXTON, and SHELTER BY THE BAY.
The proof is in the pudding – private inspections, a truthful SOI, and a clear and transparent negotiation process were liked by all sides AND WORKED.
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Ali and Craig Tiley had relocated to Melbourne from the US and were unfamiliar with the local property market. They were looking for support to demystify the Australian way of buying and selling property which is very different to the US model they knew.
We developed a shortlist of potential homes and a buy recommendation. By encouraging them to look beyond initial impressions and consider the inherent value of the home they chose to purchase, Ali and Craig were able to buy into a premium Brighton location two minutes from the action.
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