TG

Up here at the top end, it’s hot in spots but there’s a lot of not much in-between. Agents are blaming the not-much on the distractions of horse races. Agents would. But where have those clouds of auction-waving hands really blown away to? There are vendors staring at terminal jitters as Christmas looms—and frustrated buyers […]

Spring. Melbourne. There’s a horse race, but that’s not where the big bets are placed. Wander the gilded streets. Check out the billionaires’ rows. It’s here where the real money comes out to play. So this is where to start. Where you can assess the form of the top end’s three big players —the Sellers,

You know it. Pretty soon it adds up. But to what? The media mills are alive with the sounds of Toorak records, but what does that mean? Smoke + Mirrors? 18 St Georges Road scored around $40m plus a handy $8.5m for Our Gov (FIRB loved it) (wow!) but was it a “…benchmark for Toorak.”?

America, you’re only just discovering fake news? What took you so long? It’s ruled real estate in Australia forever. The sense of insecurity. The never knowing who to believe. The great suspicion that you’ve been had. Yup. Got all that. We’re almost used to it. If you want to know why buyers’ advocacy has taken

The top end now has all the predictability of a set of malfunctioning traffic lights. Looking for a signal you like? Just wait. Looking for sense? Sorry. It’s Go! There’s a gale blowing from the north and the wind speed is over $10m and it’s blown locals out of the water at: … and that’s

The trouble with nothing conclusive to report is there is no point reporting it. So we have spared you. And we would stop right there if it were not for… rumblings Is the ground shifting just a little? Is that a harbinger of things to come, or another false alarm? Our Treasurer is doing his

He’s a client. He nailed it: “It’s like the camel market at Ulaanbaatar, Mongolia. It just made no sense to me. One day there would be really fine camels and no-one to buy them, the next day the scrawniest beasts would fetch a fortune. It’s just like Melbourne property.” Hill Street Insanity 9 Hill Street Early last month we

That ringing in your ears? That was this year’s starting gun; and there has never been one quite like it Welcome To Your Nightmare The streets are littered with wounded buyers. Shed a tear for those who sold at what looked like last year’s Peak, only to discover that it’s this year’s Valley. (Some we spoke to were literally

Right. Year of The Rooster. And welcome. Looks like all kinds of fun. Who’s Crowing? Last-minute pre-Christmas sellers who broke records and some old stagers who at last met the market—albeit some via the chopping block. Quality sellers with expectations somewhere under the stratosphere. Now an endangered species. Who’s Crying? “They’ve been my clients for

In chaos theory, a butterfly flaps its wings in Brazil and before you know it there’s a tornado in Texas. This butterfly’s name is Trump. The tornado hit Toorak (via China). That Was Then Early this year, AAA Chinese money was flooding in and drowning the locals. Overnight, that turned to drought and deals were