In 2020, the coronavirus pandemic has taken over the world. It has affected a lot of businesses that includes the real estate business as well. Now, if you are looking out for the best real estate property in Melbourne for investment, you will have to find real estate bargains as well to make the most of the buyer’s market. You should be aware of every place near Melbourne where you can find real estate bargains.

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Here is where you can find real estate bargains near Melbourne in 2020.

Online platforms or websites are one incredible source of finding real estate bargains near Melbourne. However, the platform you pick must be authentic and reputable. Some websites also publish the reviews and suggestions of people that you can read to analyze their past experiences.

All you need to do is add the relevant information about your residential area in Melbourne. This way, a lot of options of real estate bargains will pop up in the results. You can check the latest property listings in Melbourne to find the related deals that help maximize the profit you earn from each of your real estate investment.

One can find the real bargains in the middle ring suburbs. Moreover, it is profitable to buy little cottages to family homes as they are now a better option in the market to get the best real estate bargain.

Agents are also hoping to get advantage from desperate owners in the pandemic as they want a quick sale now with their low offers. In Dockland, buyers are making low-ball offers which the sellers are not even accepting. The investors are not even listing properties in bulk, but we have certainly had people that are moving between investments.

Between September 04 and October 4, a few numbers of new apartments listed for sale surged by 204.1 per cent over the month and 379.7 per week. The data shows that the apartments’ listings were down the last year as well at the same time.

The agents were expecting the sales to hit the market again if the natives of Melbourne would be able to inspect the properties before buying. But surprisingly, the listing had not flooded back yet. However, the lack of stock with less demand from first-home buyers is helping us take advantage of downsizers, government incentives, and upgraders looking for home offices or more bedrooms.

On the other hand, we have a few investors who are looking to buy into the market. They are hunting new blocks where the agents might be a little more negotiable on price.

You can use many of the rental apartments for temporary accommodation in Dockland. You can also move them into a long-term rental market instead of listing them for sale.

The prices of properties in Melbourne have also fallen by 6% from the peak at the start of the year. And now you can expect a loss of 5-7% due to the coronavirus impact on the economy. However, the migrants and international students might hit the properties at Melbourne in the next two years.