Grand final part two creates new challenge

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WHILE the (first) 2010 AFL grand final drew most people away from the property market, those still in the game faced tougher competition at the fewer auctions held.

Buyer activity was concentrated on the 65 auctions that took place, with 52 of those properties selling either before, at or after auction. There were also 456 private sales reported.

Only seven million-dollar properties were auctioned at the weekend, of which only one was passed in: 27 Townsend Street in Glen Waverley, for $1.02 million.

The only property listed for sale above $2 million was 61 North Road, Brighton, which was sold by private sale for $2.6 million.

Click here for the rest of the article (Source: Businessday Website)

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