T.E.T.

It’s the boom that won’t die. “There’s no slowdown. In my 32 years, this is the strongest market I’ve seen.” Right. Spot on. Median prices are down, sales are half what they were at this time last year and that’s a really strong market — and the dead walk on. The reality? There are top […]

Land is real estate’s most objective litmus test; and never more than among the AAAs over the last couple of weeks. It’s beyond red. Think Dayglo. Adjoining properties at Anderson Street and Domain Road. An EOI that put them together. 28,000 sq ft. Some heritage issues. Some price: $33m. And a Dayglo red flag for

No. Not the pizza. The top end real estate market. Too few properties, too many cashed up buyers, too much frustration. One high which leads to the next. The Domino Effect. Vista Grove sold before auction for $8m when last year they couldn’t get $7m. The buyer? An also-ran at a land auction that went through the

“A short post is a good post.” Keen Spin For just about as long as this housing market has been booming (~2008, if you’re counting), Prof Steve Keen has been predicting the end is nigh. Now he’s saying he was wrong. If he’s consistent, the balloon is about to bust. Grail Quests (cont’d) Desire +

Timely question*. You could re-phrase it as: “How’s the market this year?” … which we’re being asked no more than six times a day. The word from the agents at the top end is that they’ve had their quietest Dec/Jan in memory, but then agents and memory are rarely seen in the same company (“Is

That hoot you’re hearing is the siren sounding. It’s all over for the real estate year (although there’s still a little post-season trading). It’s been a year just like all the others, which is to say a year uniquely its own. No two are ever quite alike. Yup. Things went up. That’s the (this year, king)

Just when it seemed time to start thinking about shutting up the shop, boom. Last week, four tennis courts changed hands (some with humble abodes attached). Three off-market, one with six hands a-waving. All suggesting that there’s still serious money looking for somewhere to sleep. Where, exactly? Can’t say. Can’t even leak (unlike some agents).

Did the overseas buyers do all their heard-earned at Flemington? Or, on Saturday, were they all still at the track working on recovering their losses? Either way, they left a clear field for the locals. Some winners. Some still running. The (Unlikely) Winner People, how many times must we tell you that trying to auction your house and expecting over

Those with $8-10m are increasingly looking across the river. Hawthorn, Kew and Canterbury are suddenly in their sights. At least they are this Spring. More schools, more choice and greater temptation to trade up where Toorak and South Yarra are more and more the hunting grounds of the downsizers. No Time To Wait A new

October. MEL’s windiest, wettest, month. And so … some observations and forecasts. Ob 1: The end-of-year-rush is underway … with an influx of new entries — but still little choice over $8m. (Behind closed doors? Different story.) Ob 2: Land is still the litmus test Toorak land moreso. Saturday’s result at Tahara Rd — $4.9m/$700/ft. — is enough