Ep. 43 | Why Melbourne Auctions Are Out of Control Right Now

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 yearHow FOMO is fueling emotional bidding and record-breaking resultsThe role underquoting and shifting reserves play in buyer frustrationHow government schemes and interest rate cuts are adding fuel to the fireWhy timing matters if you want to settle before ChristmasSmart strategies: pre-auction offers, networking with agents, and reading auctioneersThe importance of “strategic patience” in a hot marketIf 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 ShowHow’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 & LinksJoin our mailing list & read the blog → www.tomii.com.auSubscribe for weekly auction results → www.tomii.com.au/auction-resultsFollow Tristan on TikTok & Instagram → @tristanlarkinFollow James on TikTok & Instagram → @james__rankin