T.E.T.

A chill has descended. At the Top End, the market’s caught in moody stand-offs — no one quite sure whether to pull the trigger or pull the doona over their heads. Buyers are skittish, sellers are split between hopeful and haunted and agents are eyeing their San Tropez floaties with more than usual caution. Still, […]

Toorak AAA land is burning and records are going up in flames.    11 Kenley Court $17,000/sq m. (Are you still breathing?) Albany Road. Off-market. $13,000/sq m. (Take another breath.) Ask and it shall not be given 3-4 Montrose.  Asking $29m.  No. Just no. No way. No.  Rewind… 27 St Georges Road. Sold two years

Knock the clock back 100 years and it was the Roaring 20s. Today it’s more like the Truth Is Out There Maybe 20s. Clendon Road. $150m? Really? It’s been a feast of fabrications and self-serving leftovers served up by agents who know better. Some clarification: We are not about to be invaded by hordes of

‘Tis the season to be jolly for buyers, run for the hills for sellers. Yesterday there were 13 of those with $20m+ homes to sell and hardly a buyer on the horizon. Today? We’re seeing two strong maybes (including a two-figure millions price drop). Yes. Some opportunities are very much worth exploring. You’re buying? It’s

It’s a record-breaking field. Think Melbourne Cup with 48 starters. You can forget Flemington when there’s a Group One mega field of top end homes in a race for new owners just 14.9k down the road. Your wager now pays up to 50% more at 3142. It’s happened as suddenly as a Cup Day downpour.

You can never say nothing is happening, but next-to-nothing comes close.  There’s cheery spin on offer and that’s about all that is moving. The plug has been pulled.  EOI’s? Over the last few weeks they’ve been EO(lack of)I even when they were good homes in good positions.  Down the coast? Land tax is taking its

Chatter in the industry: “What’s going on? Where did they all go?” Fear in the industry: “Will there even be a Spring market?” Stalemate. A blip here and there but no real movement. They’ll tell you they’ve seen it all before, but this is different. If they could find the panic button, they’d push it.

Chatter in the industry: “What’s going on? Where did they all go?’ Fear in the industry: “Will there even be a Spring market?” Stalemate. A blip here and there but no real movement. They’ll tell you they’ve seen it all before, but this is different. If they could find the panic button, they’d push it.

A post-budget boing? That’s rarely heard. Yet Boing! it did. In the week after the budget, $320m+ changed hands in Toorak, including two homes which had been begging for attention for over 6 months (one reverberating to six expressions of interest, leaving five interested parties with pockets full of $20m wandering 3142 with nowhere to

There are sinkers and swimmers in the ever-intriguing river which is the top end. Swimmers are mostly underwater, out-of-sight sales made quickly and quietly. Down there, you are in the know or out in the cold. Sinkers? The no-ways. Save your grief and your money. Then come the litmus tests. The exceptions with the lot.