Market stays hot amid strong weekend selling - realestate.com.au

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The weather might be getting colder but the property market is still hot, with the Real Estate Institute of Victoria predicting more than 1300 homes to go under the hammer this week.

The retro-style living room at the Brunswick pad.“Buyers are thinking that they might be able to get something a little bit cheaper than what are advertised as,” he said.But Mr Simpson added that low stock levels were helping to keep prices afloat.“That generally tends to support prices in some respects because the stock levels aren’t great.”

Buyer’s advocate Matt Cleverdon, who helped his clients buy a two-bedroom villa in Brunswick on Saturday, echoed this sentiment.‘Buyers are also becoming more patient and are happy to wait out for the right home.”on Saturday, which was called on the market at $695,000.The backyard at 13 Fintonia St — perfect for a family.The buyers have been renting next door to the vendors and are good friends. Vendors pictured with the lucky couple and one of their children.

The unit, located in the heart of Brunswick, was initially listed by Nelson Alexander Brunswick agent Andrew De Angelis and had a $650,000-$700,000 price guide. Over in Hughesdale, three bidders also vied for the keys to a four-bedroom Californian-style bungalow.“The owners had been here for 30 years and the buyers were actually the family who had been renting next door,” Ray White Carnegie agent Jin Ling said.

“The two families are great friends, with the children often running between the two houses … it was actually a really special moment.”to get the latest Victorian property market news delivered direct to your inbox.

 

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Lol. House prices are also dropping. Stop pushing the idea for people to buy now. It’s irresponsible.

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