Mark Armstrong is a director of iProperty Plan, which provides independent analysis and tailored advice to investors and home buyers.

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Mark Armstrong

21 February 2013

Auction tipping returns with Victorian beauties

Auction tipping returns with Victorian beauties

Property Tycoon is back for another big year of auction tipping.

There's now a website, www.propertytycoon.com.au, where punters can guess five auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener. This season Property Observer readers have their own competition, which you can access here. The winner of the overall competition will win $1,000.

This weekend, a couple of period gems will go under the hammer, and their agents say you will need deep pockets to add them to your portfolio.

Jellis Craig agent Clayton Smith says many people have fallen in love with 10 Erin Street, Richmond (pictured below). However, the $2.5 million-plus price tag is a barrier.

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This grand Victorian residence on an elevated site is one of Richmond Hill's most illustrious homes. This prime location ensures a great lifestyle and is close to Bridge Road, fine local parks and gardens, the MCG and Melbourne's sporting and arts precincts.

Another stunning Victorian house to be auctioned on Saturday is 44 Gordon Street, Paddington. This property (pictured below) ticks all the boxes with four bedrooms, two bathrooms and a double lock up garage at the rear.

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The current owner bought the property in 2004 when they paid $2.37 million. McGrath agent Ben Collier has indicated the property will sell in excess of $3 million this time around.

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

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