… where? A month ago there was talk of a market at the top end, which really only proved that talk is cheap. There were a few flutterings but nothing you could call a pulse. Then came the election that could not be won or lost and it was lost and won and that has […]
On the road again, to … Read More »
About 10 minutes ago the market was hitting ever-rising ceilings. 10 minutes is a long time in real estate. We’ve gone from puffed up to puffed out. Buyers, that is. Those who are now ready to buy something, anything, just to put it all behind them. There he was, ready to pay $6m for a
From Puffed Up To Puffed Out Read More »
… or one person’s curse is another’s blessing. Making sense of the logic of a lot of today’s agents is akin to trying to predict the flight of a blowfly. (OK, you can expect some window-bounces, but apart from that…) Amazing Appreciation Albany Road offered at $35-38m? Was that the home that went for $12m
OK, truths. Plural. Legions of them and, especially at the Top End, too many players pretending they don’t exist. Truth: For weeks now, there’s hardly a Sold sign to be seen on any EOI. Truth: Expect the same this week. Truth: Vendors are still being promised the earth. Truth: Said vendors are still waiting. Truth:
The Truth Is Out There Read More »
There’s been talk talk talk of real estate falling off a cliff and while that’s been true in the lower reaches, there’s little evidence the same is true at the top (the real difficulties are of a different kind — we’ll get to those). That hasn’t stopped a few top end mountaineers creating cliffs of their
Sorry. We’ve heard it all before. The sky never falls on the top end — at least not the way it does on the lower rungs. Royal Commission? Good to see but it doesn’t create more top end homes or persuade people not to buy them. Banks tightening credit? The top end has lenders, rarely borrowers.
The Sky Is Falling In! Read More »
The year that was. It’s going, going … Let’s Ruminate … Are you looking to buy in Portsea? Don’t hold your breath (unless you’re swimming — when under water, holding your breath is a Good Idea). Peninsula action is usually a good indication of what you can expect in Salubria in the New Year. This year?
All Done? All Finished? Read More »
1. Not enough AAA homes 2. Nobody moves Reality Bites (1) 2 Power Avenue. Spent months on the market, spent tens of thousands. Not a nibble. Bad marketing? They’re asking how much? Really? That much? Reality Bites (2) 32 Cloverdale Avenue. May 2015: Sold, $4.35m. November 2018: Sold, $4.25m. Sub $5m market is soft? The
We’re living in unbelievable times. There’s a fact for every eventuality. And another fact to contradict it. The real estate market is crumbling. Fact? There’s worse to come. Fact? Ditto stocks. Fact? Statistics? You don’t know the half of it. (How could you? Clearance rates create the headlines and they’re all about auctions. At the
News, Fake News and Statistics Read More »
“Why is it so hard to find a home worth buying?” We’re hearing laments like these too often to count. How can that be when it’s… Spring. Busiest time of the year. Last year. Spring. When everyone wants to sell. Last year. This Spring. Nothing doing. Nothing in plain sight, that is. What you see