Low interest rates driving Melbourne market: Q&A with Hodges' Julian Augustini

Julian Augustini, a director at Hodges Brighton, answered some of Property Observer's questions on the state of the current state of the market.

• How would you describe the auction market? Is the treaty market likewise?

Because of the low interest rates, Melbourne's property market at the moment is performing strongly.

The auction market at the moment is very active, and so is the private sale market.

• What tips would you give home buyers?

Buy in the best possible location for your budget.

You can make small, cost-friendly changes to your home over time but you can't change where you are located without selling and upgrading.

• What tips would you give investors about the timing of their buying in the 2015 market?

The rental market remains stable so buying now and locking in low interest rates gives security and potential for growth.