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BEWARE THE AUCTIONEER …..How much is a nod worth?

I was recently at an Auction with a very experienced auctioneer and a “Buyers Advocate”  The bidding opened at $640k and then the Auctioneer suggested a bid of $700k which he got. the next bid was $705 and then went up in increments of $5k…

ROB’S BLOG – “It’s a number’s game” or is it ?

At a dinner party I attended recently, the topic of median house prices came up in general conversation….some were delighted with the increase in the “value” of their homes and others were confused why their homes had gone down even though th…

LOVE ME TENDER, LOVE ME TRUE – ROB’S BLOG

In the past 12 months, clearance rates at auction have fallen dramatically.  Without the prospect of competition and the stigma that follows from a failed auction, many agents are pushing the tender process. WHY ? Unlike an auction which needs competi…

Ten years ago

A review of some market indicators shows that a lot has changed in the past decade. In the June quarter this year the median Melbourne house price was $590,000, which is 103 per cent higher than the $291,000 recorded in the June quarter 2001. A decade …