June 2013

What’s up? No more than you’ll read here. No inside stories there. What’s really happening? School hols.

We’ve been saying it all year: the top end is going underground. Off-market. Out of sight. When you’re looking above $3 million you are less and less likely to find what you are looking for among estate agents’ listings. And the higher you go, the lower your chances. The Fin Review reported on it today

Agent suggests a price. Offer is made. Vendor refuses. Sacks agent. Vendor starts the process again. And again. Especially in EOI’s. Or spits the dummy and gets the tenants in. Agents can be partly at fault by suggesting realistic prices to would-be buyers in the hope they’ll then be able to persuade their vendors that