October 2012

Just this once – and we cannot guarantee it will ever happen again – we’re in agreement with a number of the pundits in the papers: the market is stabilising. Where we still differ with many is why. We’ve been pointing out for several yonks that it’s buyers, not sellers or agents, who decide prices.

While the roses are coming in to bloom at Flemington, there’s a garden of high-5’s sprouting in Toorak Road. “It’s over!” “Happy days are here again.” [pullquote]”Maaaaaate! We’re back!”[/pullquote] Queues are forming outside shiny car dealerships. Car sales people are flashing shiny teeth. But do eight or ten sales make a market? We’re seeing a lot

The Spring Racing Carnival is well underway and the papers are filled with fixed races. Which must be about the worst news the TAB could hear. Who in their right mind puts their money into a dishonest race? And the Spring Real Estate Carnival is (or should be) in full swing, but there’s little an

In a week when the highest reported sale was well shy of $3 million, it’s easy to conclude that while the rest of the market may be waking up for Spring, the top end snores peacefully on. That’s not quite the case. Over the past 10 days, we have bought a significant number of significant