Melbourne auction tipping

There is expected to be first-home buyer and investor interest for a one-bedroom Carlton North property this weekend.

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.

One of the properties going to auction this week in round six of the competition is 3/20-28 Earl Street, Carlton North, is not a big property but it should be highly sought after on Saturday. Good one-bedroom apartments provide an affordable entry point for first home-buyers and investors. They tend to have a consistent level of demand regardless of the wider market conditions.

While this kind of property is easier to find in the inner east of Melbourne, it is rare to find a good one-bedroom apartment in the inner north. According to the Valuer-General’s statistics, an apartment only becomes available is this block every three to four years.

The unit was last sold in 2006 for $275,000, and agent Jason Sharpe from Woodards is quoting $360,000 to $390,000.

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