T.E.T.

The trouble with nothing conclusive to report is there is no point reporting it. So we have spared you. And we would stop right there if it were not for… rumblings Is the ground shifting just a little? Is that a harbinger of things to come, or another false alarm? Our Treasurer is doing his […]

He’s a client. He nailed it: “It’s like the camel market at Ulaanbaatar, Mongolia. It just made no sense to me. One day there would be really fine camels and no-one to buy them, the next day the scrawniest beasts would fetch a fortune. It’s just like Melbourne property.” Hill Street Insanity 9 Hill Street Early last month we

That ringing in your ears? That was this year’s starting gun; and there has never been one quite like it Welcome To Your Nightmare The streets are littered with wounded buyers. Shed a tear for those who sold at what looked like last year’s Peak, only to discover that it’s this year’s Valley. (Some we spoke to were literally

Right. Year of The Rooster. And welcome. Looks like all kinds of fun. Who’s Crowing? Last-minute pre-Christmas sellers who broke records and some old stagers who at last met the market—albeit some via the chopping block. Quality sellers with expectations somewhere under the stratosphere. Now an endangered species. Who’s Crying? “They’ve been my clients for

In chaos theory, a butterfly flaps its wings in Brazil and before you know it there’s a tornado in Texas. This butterfly’s name is Trump. The tornado hit Toorak (via China). That Was Then Early this year, AAA Chinese money was flooding in and drowning the locals. Overnight, that turned to drought and deals were

Why wait for Cup week? There are vendors who have been ready to place their bets early and for some it has paid off. The market has been on the run and the bookmakers are taking a beating. 17 Albany Road had a Cup field of bidders. Crossed the line at $6.25m — $825k ahead of Reserve. 33 Hawksburn Road Good

“It’s like I do all the homework, get ready to go way over what the agent says, then the auction starts and I’m left for dead on the nature strip. Again. And again. And again.” At prices approaching $10m, it’s a bloodbath out there. No choice, no prisoners. But $1m over reserve? $1m more than

There’s a new postcode: 3142½ It’s Hawthorn. The dear old bridesmaid is making a run for the altar and woe betide anyone fool enough to get in the way. It’s all grit and determination and sharp elbows (a little like a footy team on its way to a flag). The weddings were held on Saturday on

Election’s done. School hols ditto. Game on, or back to sleep? Don’t get out of your pyjamas just yet. True to form, this bear market looks like hibernating ’til Spring; when more choice becomes apparent. How could that be? How could you be reading about Melbourne property leaping by 20%, about hordes of expats rushing

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