interest rate\u00a0increases\u00a0<\/a>and the current situation across the world.\u00a0\u00a0<\/p>\nBut I think\u00a0it’s\u00a0a good time\u00a0to buy because you\u00a0have less competition now,\u00a0and\u00a0when the\u00a0market\u00a0comes\u00a0back again, it will kick off pretty quickly.\u00a0\u00a0<\/p>\n
Predictions for this area?\u00a0<\/p>\n
I think it will\u00a0probably just\u00a0stay as it is\u00a0over\u00a0the next few months, but\u00a0it\u2019s\u00a0hard to say.\u00a0\u00a0<\/p>\n
For something like\u00a013 Larnaca Court,\u00a0if\u00a0it’s\u00a0a\u00a0nice family home in\u00a0a\u00a0good location,\u00a0then\u00a0it\u00a0will\u00a0still\u00a0sell\u00a0well.<\/p>\n
![\"\"](\"data:image\/svg+xml,%3Csvg)
<\/p>\n
It also has a home theatre, upstairs retreat a home gym. Picture: realestate.com.au\/sold<\/p>\n
But for something\u00a0like an old house on a big block for development, then it is going to struggle to sell because\u00a0builders and developers are\u00a0probably looking\u00a0for bargains in this market.\u00a0So\u00a0unless the vendor is really in line with the market,\u00a0it’ll\u00a0be hard to sell.\u00a0<\/p>\n
Are you seeing interstate buyers looking in Melbourne?\u00a0\u00a0<\/p>\n
Yeah,\u00a0definitely, we have seen interstate buyers.\u00a0We\u2019ve\u00a0had buyers coming\u00a0from Brisbane\u00a0and\u00a0Sydney looking to buy in Melbourne recently.\u00a0\u00a0<\/p>\n
I had a buyer\u00a0who just moved back from Brisbane. They had lived in Melbourne and moved to Brisbane\u00a0probably about\u00a010 years ago, but now\u00a0they’re\u00a0looking to move back.\u00a0They said\u00a0the\u00a0prices\u00a0in Melbourne\u00a0are\u00a0more attractive\u00a0because\u00a0it’s\u00a0cheaper\u00a0than\u00a0Brisbane\u00a0now.\u00a0<\/p>\n
So\u00a0we\u2019re definitely getting more and more buyers from\u00a0interstate, but it depends on the type of property as well. My colleagues sold an apartment in the\u00a0city\u00a0and they had a lot of interstate buyers because\u00a0it\u2019s\u00a0good value\u00a0for money and investors can get good rental returns as well.\u00a0\u00a0<\/p>\n
So\u00a0I think\u00a0it’s\u00a0going\u00a0to\u00a0be a good thing for\u00a0the\u00a0Melbourne\u00a0market.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A\u00a0Melbourne\u00a0house\u00a0with its own full-size backyard\u00a0tennis\u00a0court has delivered a grand slam-worthy result at auction, as the tennis world gears…\n","protected":false},"author":2,"featured_media":664100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[565],"tags":[64,63,85,747],"class_list":["post-664099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tennis","tag-au","tag-australia","tag-sports","tag-tennis"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/664099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=664099"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/664099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/664100"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=664099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=664099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=664099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}