Melbourne Apartments In Strong Demand

Melbourne Apartments In Strong Demand

MICM Property Sales Manager, Brett Townsend-Booth, says the company is seeing strong market and prices for properties. For example, on the weekend, a Southbank property went to auction with the vendor’s reserve of $550k and achieved a selling price of $634,000 – over 15% above expectations! Needless to say, the vendor was extremely happy.

 

Mr Townsend-Booth says, “while location is always a critical factor in real estate, in apartments it is also about sound management. Potential purchasers are more likely to be attracted to a property if the complex is being well maintained and has a healthy sinking fund and long term maintenance plan in place”.

 

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For further information on MICM Property’s professional property Sales Services, contact us at (03) 9697 8888