Buying a property in the inner suburbs of Melbourne can often be a difficult process. However, by considering Wise Real Estate Advice, it can assist you in buying your dream house. Recently, our Senior Buyers Advocate, Mark Ribarsky took on the challenge to help a couple to buy their dream house in Fitzroy North. After attending one auction for a property they were unsuccessful with the purchase, however after attending the second auction the couple soon realised that they would be living in a house that was right for them.
The 4-bedroom house in Rae Street, was a popular attraction as it lured in up to fifty people with four aggressive bidders in the race. The reason why it was so popular, was because the property was built over 100 years ago and currently has been historically listed. It has been newly renovated into a modernised setting. Mr Ribarsky showed his expertise as he was able to give a realistic and accurate market value for the property which was evident at the end of the auction, while Real Estate Agents were constantly underquoting properties in the area by $200,000.
Mark Ribarsky was successful in buying the property, as he decided to take an aggressive bidding strategy at Auction, to ensure that the three other Sydney buyers were no longer able to compete. Overall, Mark was able to secure the property for around $2 million.
About Fitzroy North
Fitzroy North is an inner suburb of Melbourne, located just 4km north-east of the CBD. The city of Moreland and Yarra are the local government areas. The 2011 census indicates that it has a population of 11,473. Many houses in Fitzroy North are historically listed, with many landlords beginning to renovate the interior of the house, while enjoying the old majestic exterior look. It is well known for its vintage clothing stores, second-hand bookshops and its hipster bars and cafes that continuously attracts a wide demographic. For individuals to get from Melbourne CBD to Fitzroy North, they should consider the following tram routes; 96, 11, 86, for easy access.