reiv auction results 12/2/11-66%-84 no result, page-6

No matter what garbage the bears dig up and post on this forum, the Melbourne property market will continue to hold strong. While properties are passing in, the buyers still exist that can pay the high prices. Its becoming the Melbourne norm.

There is little in the horizon that will drop prices.

Facts
1 low unemployemt and holding firm
2 population growing
3 many prefer to live in established suburbs close to the city
4 Interest rates - Glenn Stevens "I'm fairly content with where we are at the moment. We are in a good position. We are ahead of the game, which where you want to be and that the thing that affords you periods of sitting, waiting and watching"

If you are looking for bargains this year in Melbourne, then you are absolutely dreaming.

Every dump on a good block for subdivision will be snapped up by builders. Well built quality turn key homes will continue to sell. You have many that fall in the passed in category and then sell a couple of days later. And then you have small percentage of the absolute dreamer vendors and the homes that cant be given away.

If you want a bargain look 30kms + from Melbourne CBD.