HUNGER for Melbourne property remains insatiable, as buyers continued to snap up real estate at the weekend despite a boost in stock levels. The clearance rate dropped slightly, to 81 per cent, from a reported 812 auctions – about 300 more than last week. Advantage Property Consulting’s Frank Valentic said a two-bedroom Carnegie property may […]
WHEN we read in the paper that a property has sold at auction, most of us probably assume it went off “under the hammer”. But experts say most properties listed as “sold at auction” are passed in and sold later after negotiation. And with the clearance rate hovering at about 60 per cent, more properties […]
Auction day has arrived. You have spent the past six months trawling through the suburbs, inspecting properties, checking prices and quizzing estate agents. Dozens of people wander through the property you want to buy with glossy brochures in their hands making hushed comments when the auctioneer calls for their attention. Your heart is pumping. You […]
FIVE years ago, Kelvin Bermingham was planning for retirement and realised he needed a wealth creation strategy. Today he owns 15 properties in a portfolio valued at $3.7 million and is set to go on a world holiday with the profits. Like many in his position, Mr Bermingham, 54, faced a dilemma. Is it best […]
