T.E.T.

Real estate — that’s an earthquake. Lockdowns. On. Off. On. Off. On. Off. On. Off… Now? Nearly On.  And the stampede has started. With hands tied behind backs. Day One of Nearly On and four transactions sign on the dotted. Just like post-lockdown last year. But will it last? Now it’s Nightclub Rules. You won’t […]

This is not an as-you-were T.E.T. Little about prices that cause jaws to drop. Little about agents shooting themselves in the foot. Little about games agents are playing (but certainly how you can help C.U.R.E. them). No. Not typical. Let us begin… About Us. Or, more specifically, About Matt Matt Cleverdon has joined us. Matt is

Portsea. Winter. Freeze your extras off. Real estate. Winter. Hibernation. Nothing to see. And then came COVID, the re-play. It’s hot. Hot, hot, hot. Just look: 8 lots about as far as you can go from Salubria-On-The-Clifftop without falling into Bass Strait. 31 bidders. Count them. Thirty-one. 5 bidders for each lot. Reserves sinking under

Lockdown #4 is hot. It’s looking a lot like #3.  How do you make sense of it? Like this… The Six Stages of Top End Lockdown Stage 1: Panic: Agents, vendors, the media. Nobody spared. EOI dates abandoned. Everything wanted yesterday. Hardened professionals submerged under stacks of crossed fingers. A replay of last time. Stage

Reality has gone on long service leave. When E. Bunny hopped out of the picture, a whole mess of eggs were left behind. Fabergé eggs. What’s driving the market?  Eavesdrop on this: “I’ve got $15m locked in at 1.7% for four years and my bank’s telling me the market’s going up by 16%. Why wouldn’t

How many unprecedenteds can line up in a row? Last week’s unprecedented is history and next week is likely to make this week seem tranquil. Climate change predicts stronger cyclones. Top end real estate’s strengthening cyclone is all about human change. What’s the weather like? Conservative reserves are being blown away by bids 10-20% above

You’re living in it. If you’re buying, prices are moving so fast that even valuers can’t keep up. If you’re selling, you cannot be sure how long the good times will continue to roll. Every boom has winners and losers. This is standard boom stuff in a boom like we haven’t seen since the 1980s.

Welcome to this year and a bedlam of “I’ll tell you what’s coming…” from those property gurus with 20% holes in their feet right where they shot themselves last year. What’s hot at the top? You’re on a beach on either side of the Peninsula and in need of $20m+? You’ll be killed in the

Sanity. Imagine that! Clendon Road. This was always going to be a test of the Top End. It passed. The owner’s expectations were well aligned with the market’s: $20m. With three hands a wavin’, it went for 10% more. 70+ parties inspected — given the Covid restrictions demanding a lot of the non-serious, that suggests

OK, we got it right. When the pundits were predicting hammerings of 25% then 20% then… We weren’t. It’s the difference between head-in-stats and feet-on-floor. What’s Up? Over the last two weeks we’ve seen nine quiet transactions at around $15m. That would not have happened a month ago. In the last week eight more $20m+