T.E.T.

The year that was. It’s going, going … Let’s Ruminate … Are you looking to buy in Portsea? Don’t hold your breath (unless you’re swimming — when under water, holding your breath is a Good Idea).  Peninsula action is usually a good indication of what you can expect in Salubria in the New Year.  This year?

1. Not enough AAA homes 2. Nobody moves Reality Bites (1) 2 Power Avenue. Spent months on the market, spent tens of thousands. Not a nibble. Bad marketing? They’re asking how much? Really? That much? Reality Bites (2) 32 Cloverdale Avenue. May 2015:  Sold, $4.35m. November 2018: Sold, $4.25m. Sub $5m market is soft? The

We’re living in unbelievable times. There’s a fact for every eventuality. And another fact to contradict it. The real estate market is crumbling. Fact? There’s worse to come. Fact? Ditto stocks. Fact? Statistics? You don’t know the half of it. (How could you? Clearance rates create the headlines and they’re all about auctions. At the

“Why is it so hard to find a home worth buying?” We’re hearing laments like these too often to count.  How can that be when it’s… Spring. Busiest time of the year. Last year. Spring. When everyone wants to sell. Last year. This Spring. Nothing doing. Nothing in plain sight, that is. What you see

Sensible? You want sensible? Next you’ll be asking for a sensibly priced home that you’d want to sell your house to buy. Not this Spring. Not yet. Recipe: Real Estate Bombe Alaska INGREDIENTS: Canberra. Enough said Royal Commission. Ditto Banks (toasted) Sellers Something to buy Agents’ valuations Reality Unreality Agents’ valuations METHOD There is none. 

  Great news for sellers? Not really. It’s because nothing is happening. But Hope Lives On! Head to $6m or $15m and beyond and you’ll still find vendors who are dreaming that their exceptional home is well worth their exceptional expectations. But there’s just no movement at the station. Pickings are getting ever-slimmer. People are

So much going on, so little to be seen. Widening gulfs between advertised prices and what ends up being paid. Agents running from home to home, killing lights at every switch. More EOI’s and private auctions at all levels. Agents putting Putin to shame in concealing prices and buyer knowledge — and often that there

Yes. It really is, but in MEL real estate, whether it’s your money or someone else’s depends on what you’re buying or selling as much as when. You’re buying AAA? Right now, time is against you. True AAAs have never been harder to find and there’s an ever-growing number of those who’ll pay to snap

Woemongers stalk the streets: “There’s nothing to sell.” Behind closed doors, three bidders stream past $30m. Normal? That was then. Silent Running It’s a submarine thing. Nothing to be seen on the surface (see Woemongers above) but intense action below (see $30m). Web surfers and agent ringarounders are no longer in the game. Agents working