If you are looking to buy your next home or investment property in Melbourne there is an alternative way to explore the market without having to attend endless open homes and auctions. An Off Market Properties Melbourne is an approach to selling a property that gained significant traction in Australia over the past few years. It involves your local Barry Plant agent inviting qualified and highly motivated buyers from their database to inspect the property privately prior to it being formally listed for sale on the market.
Is it worth buying property in Melbourne?
While this method may not be ideal for everyone, there are some clear benefits for both buyers and sellers. For sellers, it allows them to avoid the costs of advertising and marketing while maintaining privacy. It also helps them keep their price expectations in check, and can help them achieve a better sale result.
For buyers, off-market properties can be a great opportunity to secure a unique property that would not be available through the traditional marketing channels. It can also reduce the competition, which can be helpful in a hotly contested market.
While Melbourne house prices have fallen during the COVID lockdown, the apartment market has continued to rise. It is likely that the apartment market will continue to outperform house prices over the longer term, with a flight to quality and affordability constraints allowing more buyers to focus on affordable townhouses, villa units and apartments. This has the potential to create a compelling opportunity for buyer demand across Melbourne.