March 2008

Easter has come and gone, the school holiday hiatus is near its end and the real estate radar is continuing to change on a weekly basis, similar to our climate! Previously hot and now cooling, but not everywhere. Quality properties continued to be chased by the wealthy and the beach was where all the real […]

Hot meets damp in Melbourne A lack of runaway results was the rule with the hot weather dampening attendances and, again, quality at the AAA end of the market was the rarest quality of all. At most auctions there was one person bidding against a vendor’s bid or, if a buyer was terribly unlucky, there

While Melbourne took a holiday, the top end moved to Portsea and took a litmus test. And passed. Yes, there’s a belief that the wind has changed in the buyer’s direction, but if you dissect top end sales over the weekend, people are still chasing quality and there is not a lot of that around.

Children, pay attention please. I have a mixed bag of lollies to share and there will be a test after school. 1st point: properties are still selling. 2nd point: AAA properties are still hard to find. 3rd point: points one and two add up to AAA scarcity value. 4th point: it’s now pretty much all