Is anyone monitoring suburbs in Inner Melbourne at the moment? I attended an auction in North Melbourne yesterday. 2 bed fully renovated terrace with OSP. Originally quoted at $480+. Fetched $565,000!!!:
A couple of weeks ago I attended another auction. Also a 2 bed fully renovated terrace with OSP. A little smaller than the one mentioned above, and not as well laid out. Fetched $527,000.
What are other's observations of the inner suburbs in Melbourne. Are we experiencing a rising market in areas such as North Melbourne, Brunswick and Carlton North?
If so, do you think this can continue, or have some over enthusiastic people bid the properties above their true value??
I look forward to reading your replies.............
A couple of weeks ago I attended another auction. Also a 2 bed fully renovated terrace with OSP. A little smaller than the one mentioned above, and not as well laid out. Fetched $527,000.
What are other's observations of the inner suburbs in Melbourne. Are we experiencing a rising market in areas such as North Melbourne, Brunswick and Carlton North?
If so, do you think this can continue, or have some over enthusiastic people bid the properties above their true value??
I look forward to reading your replies.............