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Surprise at Melbourne Property Auction Market

If you need proof that savvy investors are still buying, here's one:

"A dated house smashed its reserve by $241,000 to nail Yarraville’s “first litmus test” of 2019, but a Flemington weatherboard sold for a loss in a mixed auction weekend reflected in the clearance rate. "

Smart investors know property prices at desired locations will rise eventually, and they are making full use of the current 'soft market' conditions to grab a bargain.

Do they wait for the market to bottom out? Ideally, they do, but predicting the bottom of the property market is as accurate as guessing the Powerball winning combination. If it is easily predictable, many would have done so, and you will be competing with them for a purchase, and this will drive prices up anyway.

Is this a good time to buy? If you have the serviceability why wait? But you have to know where to buy. Have a chat with us. We have helped savvy investors grab some good deals. We might be able to help you.

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Raymondson and Concierge Buyers Advocates

With over 25 years in the real estate investment industry and corporate world, Raymondson is the founder of this independent buyer agency service in Melbourne. He personally hand-picks his team of buy


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