T.E.T.

Toorak. South Yarra. Where dreams of mansions come true. Sometimes.  There’s just not enough Trak and SY to find a suitable spot for all those dreams, thus the warring cheque books. Add developers with dreams of their own. Stand back. Watch prices rise like nowhere else. 4 Robertson St No court. Not much land. No Chinese […]

Come on. Elections are supposed to slow things down. Ease up. Give pause. Not this time. All the political taunts, rants, raves and predictions of doom are being treated like no more than irrelevancies. Let the pollies play, we’ve got better things to do. Land Tells No Porkies It’s the one fact no-one can argue with

Election Uncertainties Wobbling Currencies Chinese Puzzles ATO Rumblings Winter, Winter, Winter Is it any wonder that many vendors think it’s all just too hard? Who knows what the post-election months will bring? Will Jobson Growth get the gig or not show up for work? Will our currency jelly set? At what level? Have the Chinese said

It’s up! Prices are up! Never seen a market like it! Doom. Gloom. Regret (is there a violin in the house?). What happened? Ah, the Top End. Every home an exception. On the ladders it’s never been better, on the snakes it’s bite, bite, bite. For buyers it’s hen’s teeth time, not helped by the

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)