Chapter 1: What is the main topic discussed in this episode?
It's the Real Estate Podcast across every state, city and town of Australia.
And welcome to another episode of the Real Estate Podcast available on iHeartRadio every morning, also on Spotify and Apple and wherever you get your podcasts from.
it's a wednesday yes the 17th of august for 2022 and coming up this morning we are checking in on the melbourne auction scene with fabian cinelli the whole auction debate versus private treaty we will be updating you and also staying in victoria we see that the house prices there have been smashed twice in just one week
We know that two rack mansions make a statement in both opulence and price tag. One two rack property was a knockdown rebuild, but that didn't stop it from fetching over $80 million. And you know that you're in the money when you spend over $80 million for a house in derelict condition. And your plan is to build a new home on the site.
So for first home buyers, that just illustrates perfectly, doesn't it? That land is always, always king.
We are just as addicted to property as you are. Every weekday morning from 6.30.
Well, I see New Zealand later today finds its fate out whether it's likely to get another rate rise with another 50 basis points predicted. It's their fourth rate rise, which is interesting because New Zealand is about six months ahead of us, but they are already up to rate rise number four, which probably hints and illustrates to you and I the aggressive response.
The RBA here is taking, and may we all catch a break soon in that space. If you're celebrating a birthday today, well, let's hope it's a special one. It's the 17th of August. You are celebrating your birthday with actors Sean Penn, who is turning 62, and Robert De Niro, just two years off 80. He's turning 78.
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Chapter 2: What is the current state of the Melbourne auction market?
From first home buyers to property investors and everything in between, every morning on the Real Estate Podcast. It's the main centre forecast with propertybuyer.com.au.
And let's check on your weather around Australia and good morning to you in Sydney, expecting a fine day, a high of 19 degrees, Melbourne not so much, one or two showers and 17 and Brisbane, expect the sunshine with 22. And in Perth, rain at times and a possible thunderstorm. Your high today of 22 degrees.
Grab your coffee and switch on your real estate breakfast every weekday morning from 6.30. Let's talk Melbourne property and auctions, a podcast series with Fabian Cinelli.
Well, one of the big talking points around the current real estate market is how do you market your property? Auctions, as we know, in the market don't have the same numbers attending them. And the whole question of private treaty versus auctions come up. It's a talking point. What's very clear, though, is that there are still great auction results taking place and
And one of the markets that consistently does well in the auction market is Melbourne. And you could argue that the Melbourne property boom was in part due to the highly successful ways the auction process operated. And more importantly, probably it coped under a burgeoning strain of properties being sold every weekend. So let's find out how that property market is going in Melbourne.
And welcome back to the podcast, Fabian Sinelli, Managing Director and Auctioneer from EYS Auctions. And a very good morning to you, Fabian. Welcome back. G'day, Craig. Good to be here again. So that's probably a fair comment in terms of the way that the market is kind of been trending for such a long time in Melbourne.
You're 100% right, and that seems to be the common theme at the moment, whether auctions are still going to be more beneficial than private treaty or private sales, as we more commonly say down here. So I think there's a lot of stats to point in the direction that auctions are starting to regain the confidence that they rightfully deserve, especially heading into that spring market.
Yeah, and so let's talk about the Melbourne auction update.
Okay, well, getting the negative out of the way, because the stats that I'm going to give you, I feel are very, very positive. We had only 558 properties scheduled last weekend for auction in Melbourne. So that is probably a negative in terms of volume. It's clear that discretionary sellers are not putting their property on the market in this market. However, Craig, buyers are still out there.
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