T.E.T.

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

Easter has come and gone, the school holiday hiatus is near its end and the real estate radar is continuing to change on a weekly basis, similar to our climate! Previously hot and now cooling, but not everywhere. Quality properties continued to be chased by the wealthy and the beach was where all the real

Hot meets damp in Melbourne A lack of runaway results was the rule with the hot weather dampening attendances and, again, quality at the AAA end of the market was the rarest quality of all. At most auctions there was one person bidding against a vendor’s bid or, if a buyer was terribly unlucky, there

While Melbourne took a holiday, the top end moved to Portsea and took a litmus test. And passed. Yes, there’s a belief that the wind has changed in the buyer’s direction, but if you dissect top end sales over the weekend, people are still chasing quality and there is not a lot of that around.

Children, pay attention please. I have a mixed bag of lollies to share and there will be a test after school. 1st point: properties are still selling. 2nd point: AAA properties are still hard to find. 3rd point: points one and two add up to AAA scarcity value. 4th point: it’s now pretty much all

Melbourne. The warning flags were flying, but it passed the test! The market has certainly taken a Panadol, particularly below $1 million and among B-Grade properties and those with ‘issues’, but the top end passed its Beep Test with purchasers still chasing quality properties. This is, of course, quite contrary to what you read in