The Auction Wars: A Window into Melbourne's Housing Market Reality The recent auction results in Melbourne's inner north suburbs have shed light on the complexities of Australia's housing market.
While media often focuses on high end sales and record breaking prices, closer examination reveals a nuanced story about challenges faced by buyers and sellers under increasing regulation.
New rules governing property advertising in Victoria, implemented on October 1st, require vendors to disclose their reserve price at least seven days prior to an auction or fixed date sale.