News Archive
Auctions versus set price sales in the inner-city apartment market
10 October 2008
It continues to surprise me how many inner-city properties go to auction when they shouldn’t. Unlike freestanding houses where each property is unique, apartments just don’t enjoy the same benefits from auctions. The concept of an auction is to gather a group of interested buyers together at a certain place and time to bid against each other to arrive at the highest p... read news item »
The current state of the Melbourne inner-city market
05 May 2008
The median Melbourne house price as of March 2008 is now $443,203, up 18.3 % since March 2007. This sounds impressive; but unfortunately these figures can be deceptive, particularly if you own apartments in the inner city. So why hasn’t the inner city market performed as well as the suburbs? Four years ago, a developer was able to construct a building with a selling price starting at j... read news item »
