Melbourne auction tipping

Melbourne auction tipping
Cassidy KnowltonDecember 8, 2020

According to the Global Property Guide's latest house price indices survey, property prices are down around 6% from 12 months ago. In addition interest rates have been slashed by 75 basis points in the past two months, and agents are reporting the traditional slowdown in winter listings.

The question is: will the market begin to firm or will it slide further in the coming season? For those who want to have a harmless punt, there's now a tipping website, www.propertytycoon.com.au, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.

In Melbourne one of the properties going to auction this weekend in round one of the competition is 1 Baxter Street, Elsternwick, and estate agency Gary Peer believes it is sitting on a winner with a lot of interest in the property. The three-bedroom family home is in liveable condition but would certainly do with some modernisation.

Agents expect it to sell in the high $700,000s to low $800,000s.

If you think you know what it will sell for place a tip at Property Tycoon.

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