Melbourne auction tipping

The auction of a Hawthorn property this weekend will test buyer interest for a sought-after Melbourne location.

For those who want to have a harmless punt, there's now a tipping website, www.propertytycoon.com.au, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.

One of the five properties featured in the competition this week is 2/4 Shakespeare Grove, Hawthorn.

In Melbourne locations do not get much better than Shakespeare Grove, Hawthorn, which includes among its ranks one of Melbourne’s most expensive homes worth more than $20 million.

If location is the key to buying real estate then with an address like this you would expect strong interest for the ground-floor apartment at number four. Properties such as this tend to be highly sought-after by local downsizers who want to stay in the area.

The property comprises three bedrooms, two bathrooms and two basement car parks. Agent Scott Patterson from Kay & Burton has indicated good buyer interest at around $1.6 million.

If you think you know what it will sell for place a tip at Property Tycoon.