Our Backyard

Further to my blog regarding the glut of $2m plus properties for sale in Australia, further bad news is coming from the Melbourne market. Many homes are being reduced in price in an endeavour to sell.

In St Kilda West a water front mansion has been discounted to $4.95 million after failing to sell in June for $7 million. In Toorak, a two-storey mansion has been on the market since 2009. It was asking $12 million but has now been discounted to less than $10 million.

Real Estate Aireys Inlet

James Worssam
0418 585 815

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