“Hi its Kim Easterbrook with the Elite Buyer Agents market wrap, this weekend there was 692 Auctions of which 73% sold, we are seeing a rise in vendor’s price expectations were over 70% of properties that passed in were on genuine bids but did not sell immediately after.
We are currently seeing huge pressure on the prices of high quality free standing homes which seems to be the segment which is outperforming the rest of the market.
An auction we attended on the weekend in Moonee Ponds saw a 2 bedroom, 1 bathroom period home with no car parking sell in excess of 1 million dollars.
Our tip for this week, make sure you understand the value of a property before entering into negotiations a lack of understanding can put you at risk of over paying by a large sum.
I’m Kim Easterbrook remember at Elite Buyer Agents – we’re on your side.”