What's the market like in Melbourne at the moment?

[Manhattan]

Like everywhere, Melbourne's property market has cooled. However, given the suburb, price, quality of the property, and the seller's expectations, many houses have no problem selling quickly.

Fwiw, we sold our house just over 4 months ago. We had a one month auction campaign and we had several offers prior to the auction, and then it sold for more than the reserve on auction day. We even had enough confidence in our property to buy before we sold despite everyone telling us not to. The house we bought was on the market for 4 days!

Like FF, would be keen to know what suburb? We could even have a sticky on real estate dot com to see if it's any good!

[Nai]

Depends on the suburb but most houses that get passed in at auction seem to sell within 2-3 weeks, provided that the price is reasonable of course.

[~me~]

I live in a high growthe area...over 220 properties on the market at the moment. If they don't sell within the first month of being listed, they are hanging around for a very long time.
One house that I have noticed has been on the market for over 18mths. The guy is doing anything to help himself as in the garden is very much to one persons taste and the inside is not great.
The good ones are being snapped up quickly. Most of the houses around here are selling for $450,000-$550,000+ so people should be a little picky.

[meow]

My aunty just sold her place within a couple of weeks. Super run down and needing loads of repair but it was snapped up at a price she was really with. Melbourne still has lots of growth going on so I can't see the property market slowing too much.

[Arimeh]

Thanks guys That gives me some hope. I have no idea where she lives, doubt the RE agent will tell us, however, if (and this is a BIG if) she wants to enter into a contract, I'll find it out then and let you know (just the suburb obviously not the whole address... LOL)

Cross your fingers, this could be it!!

[OceanPrincess]

... I'll find it out then and let you know (just the suburb obviously not the whole address... LOL)

Why not? We can all go do a drive by and give you a proper estimate on whether it will sell

Just kidding

Fingers crossed for you. It would be so fantastic for you huh!

[Arimeh]

hahahahahahaa OP

Maybe on fb....lol

Just kidding.....maybe...