Famine to feast. The top end, at last, is being spoiled for choice; coinciding with very few buyers who are prepared to come to the table. It’s now the classic recipe for a buyers’ market, but unless a property is have-to-have, why would you? It’s only going to get better: more choice and prices are […]
The world’s been watching re-runs of Hill Street Blues: “Let’s be careful out there.” Capital preservation is the new mantra. We have been shouting that for months; and the weekend suggests we’re not alone. However and but. Just when you think you?ve got the market’s direction nailed down, some giddy optimist comes along at 180º.
A headline from today’s Financial Review: ?Home Auctions in Doldrums Despite Rate Cuts? No. That’s not the real news. The real news is the failure of the auction system itself; and how agents and auctioneers aren’t coping with the pressure. Right now the system is on the ropes because the market has tanked; but its