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Why Melbourne Auctions Are Out of Control Right Now | Ep 43
Imagine turning up at auction ready to bid, only to find yourself blown out of the water by buyers paying emotional prices far beyond logic. That’s what many Melbourne buyers are experiencing right now.
In this episode of How’s the Market, Tristan Larkin and James Rankin break down why Melbourne auctions feel out of control and what you can do about it. From clearance rates trending sharply upwards since January, to underquoting, FOMO-driven buyers, and the ripple effects of interest rate cuts and first-home guarantee changes, they explain what’s really driving the frenzy.
They also share practical strategies for buyers to stay competitive without overpaying. From making pre-auction offers to building relationships with agents and auctioneers, and even practicing “strategic patience,” you’ll hear real-world examples of how clients avoided overspending and still secured great properties.
What You’ll Learn:
- Why Melbourne auction clearance rates have surged compared to last year
- How FOMO is fueling emotional bidding and record-breaking results
- The role underquoting and shifting reserves play in buyer frustration
- How government schemes and interest rate cuts are adding fuel to the fire
- Why timing matters if you want to settle before Christmas
- Smart strategies: pre-auction offers, networking with agents, and reading auctioneers
- The importance of “strategic patience” in a hot market
If you’re bidding in Melbourne right now or planning to soon don’t miss this episode. Tristan and James lay out the tools you need to stay in the game, avoid buyer burnout, and secure the right property without paying overs.
👋 About the Show
How’s The Market is Melbourne’s go-to podcast for buyers who want to make smarter property decisions. Hosted by Tristan Larkin and James Rankin from Tomii Property, we bring you expert tips, market insights, and real stories from the frontlines of real estate, finance, and construction. Auctions, rates, off-markets — we’ve got you covered.
🔗 Resources & Links
Join our mailing list & read the blog → www.tomii.com.au
Subscribe for weekly auction results → www.tomii.com.au/auction-results
Follow Tristan on TikTok & Instagram → @tristanlarkin
Follow James on TikTok & Instagram → @james__rankin
View all episodes
By Tristan Larkin & James RankinImagine turning up at auction ready to bid, only to find yourself blown out of the water by buyers paying emotional prices far beyond logic. That’s what many Melbourne buyers are experiencing right now.
In this episode of How’s the Market, Tristan Larkin and James Rankin break down why Melbourne auctions feel out of control and what you can do about it. From clearance rates trending sharply upwards since January, to underquoting, FOMO-driven buyers, and the ripple effects of interest rate cuts and first-home guarantee changes, they explain what’s really driving the frenzy.
They also share practical strategies for buyers to stay competitive without overpaying. From making pre-auction offers to building relationships with agents and auctioneers, and even practicing “strategic patience,” you’ll hear real-world examples of how clients avoided overspending and still secured great properties.
What You’ll Learn:
- Why Melbourne auction clearance rates have surged compared to last year
- How FOMO is fueling emotional bidding and record-breaking results
- The role underquoting and shifting reserves play in buyer frustration
- How government schemes and interest rate cuts are adding fuel to the fire
- Why timing matters if you want to settle before Christmas
- Smart strategies: pre-auction offers, networking with agents, and reading auctioneers
- The importance of “strategic patience” in a hot market
If you’re bidding in Melbourne right now or planning to soon don’t miss this episode. Tristan and James lay out the tools you need to stay in the game, avoid buyer burnout, and secure the right property without paying overs.
👋 About the Show
How’s The Market is Melbourne’s go-to podcast for buyers who want to make smarter property decisions. Hosted by Tristan Larkin and James Rankin from Tomii Property, we bring you expert tips, market insights, and real stories from the frontlines of real estate, finance, and construction. Auctions, rates, off-markets — we’ve got you covered.
🔗 Resources & Links
Join our mailing list & read the blog → www.tomii.com.au
Subscribe for weekly auction results → www.tomii.com.au/auction-results
Follow Tristan on TikTok & Instagram → @tristanlarkin
Follow James on TikTok & Instagram → @james__rankin