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A few months ago, Brighton East was the hotter of the Brightons. Now the tables have turned. Over the past few weeks it’s been the Eastenders who have let the side down. Last weekend? Brighton East: seven auctions, just two sales (28%). Brighton: seven out of nine (77%). Has Brighton had a reality check with […]

It feels like the dying hours at the wedding of the year. The bride and groom are long gone. The headaches have begun to pound among those with no homes to go to. A few of the party boys (OK, the estate agents) are still moving to music they blearily remember but the band, too,

  Saturday proved again that if you own something special, something a little unique or something that has WOW! you can get a great result even when it seems most of the market is drowning.   Hawthorn, for the second week in a row, was again the hot spot at the top end (is Toorak

It is not unusual, during the school holidays, to take a trip to Disneyland. Take the family! Have fun! But in the eternal optimists’ world of real estate, some appear to have lost their critical faculties along with their luggage. The holidays are over, people. It’s time you came home and took a look at

Thermometer drops! Arctic blast rips through market! And it’s not just weather! Yes, the auctions ran inside, but even there it wasn’t a whole lot warmer. We are not used to this in sunny MEL. Forlorn groups of near-neighbours who have only shown up for the entertainment (too cold for footy?) while auctioneers work to

Mother’s Day weekend was chocolates or boiled lollies with a large order of not much in-between.     When it’s stand-out, it’s hot, hot and hot. If it’s slightly ordinary you’ll get more bids for ice in Siberia.   Overall there are many signs that the market has moved into “caution” mode, despite which some

Where were we over the weekend of April 26/27? Checking out the (in)action in Hong Kong. While the AUD is up up up, ex-pat interest in the Australian market is down down down.   Back in the real world …   It has been … interesting. The weather is cool and buyers have, mostly, been

Look at Saturday’s real estate reports … and wonder. Because you won’t find the real story there. What really happened? In four words: “passed in” and “vendor bid”. Agents are now doing it hard. Many of them over-quoted prices to vendors in order to win the business (see Why can’t you get the truth about

Top-end auction sales are as scarce as Melbourne Football Club wins!   However … There have been several large transactions off-market in the last week. More and more, this is developing into a behind-closed-doors market. 9 Robertson Street, Toorak 21,000 square feet of land on a very sloping block – put up for auction six

The action is still somewhat coastal with Red Hill, Flinders and Portsea leading the market activity for the week. The Sisters has been sold on a cash basis for $19 million to a family as a retirement home (and they still have to build a house). While there were offers over $20 million, they were