TG

… the times they are a changin’. Along with all the other terms we import from the U.S., “gazundering” is a recent arrival – and it signals a market in turnaround. Gazumping occurs in rising markets – gazundering is its evil twin (OK, they’re both evil). The gazunderer makes an offer which, when accepted, is then […]

Snap! Weekend auctioneer stares at feet. Embarrassment? 100 in the throng and not a murmer? Not a whiff of a bid? What‘s his next trick? Snap! Media – the recipients of the rivers of real estate advertising gold – now acknowledging that cracks are appearing in the market. Snap! More and more, the top end is

“Super Saturday!” cried the touts. “Best day to sell of the year!” And then, at the top end, just about all we heard were the squelchings of a very wet track. Judged by lack of finishers, the worst weekend of the last 12 months. A few of the good ones did sell and sold well

It’s been opined that the sums bet on a horse race have little relationship to the value of the horses in the field. We’re seeing a fair bit of that at the top end. There’s a disconnect between prices and values – only it’s houses, not horses – particularly in the minds of many vendors

… we wonder where the dummies is (see below). Lots of promised activity and lots of doors suddenly opening for inspection. Much agent effort going into getting the spring buzz back but, post-football, it’s not really on again for another couple of weeks. Yes, there has been some private sale activity, and there’s now much

We had something of everything: little choice wonderful opportunities some surprises large numbers mostly subdued bidding an occasional out there result … sounds a bit like the new government. Overall impressions? there’s a bit more confidence around – possibly due to us at last having a government the number of quality AAA properties continues to

Gales and floods and crowds at auctions. Trembling temperatures and crowds at auctions. Finals footy and crowds at auctions. Are Melburnians mad? Our all-season sport is to crowd auctions. Now, with a market heading in all directions, it may be the only way to see who is bidding and whether the scene still has a

Hit, miss. Hit, miss. Hit, miss … Hits: 59 Studley Road, Ivanhoe. Substantial art deco house on 3000 sq m with city views. Quoted at $3 million plus, reserve $3.5 million, sold for $4.3 million. Two determined bidders will do that. 31 Hawksburn Road, South Yarra. Unrenovated Victorian terrace. Quoted at $1.6 million plus, sold

It’s a limp toward Spring. At the top end buyers are still around and they’re being seen at inspections, but there’s little on offer to excite them. Disinterest rules. We’ve been feeling the pulse of Map 58, trying to detect a heartbeat. Hardly a flutter. The agents will tell you that this is the usual

This is a market every bit as fascinating as a 3am debate about who will win the wooden spoon. No choice, no zing, no heartbeat. And more school holidays only a month away. Agents are now spruiking a flood of properties about to come onto the market; but even if that’s true (we suspect not),