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The weekend’s clearance rates were over 80%. But can they fly that high for much longer? There are properties at the top end being passed in without a bid while some vendors’ reserves are running ahead of what buyers are prepared to pay. While we can’t yet say the market has plateaued, the frantic bidding […]

We’re back. And while the real estate world is now all present and correct after the holidays, the real Top End action will not kick start again until Wednesday, when 11 Nareeb Court, Toorak comes face-to-face with its market. This could be the clearest signal of what’s to come. We’re heading toward the first big

Sorry, no Top End Trends this week. We’ll be back with a vengeance next week.

It was the last hurrah for a couple of weeks and it produced a mixed bag; but what stood out most was lack of quality and lack of choice. Top sale was 12 Lansell Road, Toorak. $11 million for a classified home on 32,000 square feet sounds incredibly cheap, but it’s living in a fish-bowl

The action concentrated on land sales over the weekend – and they continued to confirm the upward trend of the market and the insatiable appetite there is for a plot in Toorak. 8 Sargood Street, Toorak, small block, small frontage, surrounded by two large properties, sold for $1,573,000. All 2,900 sq ft of it. That’s

All the action at the top end was in Hopetoun Road, Toorak. Again, there was real evidence of just how quickly the market has moved. 2 Hopetoun Road, a good home on 15,000 sq ft with a court and pool, was sold prior to auction for $9,750,000 or $650.00 per foot – it sold 18

A lack of quality was the key issue in this weekend’s auctions: few offerings at the top end and most of the better properties scheduled to be auctioned over the next two weekends. However, there was action off-market. “The Koots”, a large home in Kooyongkoot Road, sold for over $9 million ? and this is

The madness at the top end continued on its merry way over the weekend. The cost of land per square foot is the true litmus test of where the market is and in which direction it is going; and there’s still no border in sight. Need a road map? Take a look at Saturday?s auction

Australia?s love of property continues. The pundits’ predictions of the market cooling in light of last week’s sharemarket turbulence was a non-event. If anything, there’s an even greater appetite for property. The market is still hungry. In some cases there were queues at open-for-inspections. The top sale of 14 Maple Grove, Toorak, at $9,120,000 against

While it was reported investors would hold back on the weekend, they clearly were not reading the newspapers. World equity markets were in turmoil and Melbourne’s upper-end residential market did not skip a beat. If anything, it rose to new heights. Yes, people still want to buy better houses and they’re voting with their cheque