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The Spring Racing Carnival is well underway and the papers are filled with fixed races. Which must be about the worst news the TAB could hear. Who in their right mind puts their money into a dishonest race? And the Spring Real Estate Carnival is (or should be) in full swing, but there’s little an […]

In a week when the highest reported sale was well shy of $3 million, it’s easy to conclude that while the rest of the market may be waking up for Spring, the top end snores peacefully on. That’s not quite the case. Over the past 10 days, we have bought a significant number of significant

Last week we spoke of the storm before the calm. This week – on cue – the calm descended. The number of homes being sold at the top end – both at auction and privately – hardly makes it worth getting out of bed. (Off-market? Another story.) And now the school holidays have descended with

  The great thing about a market such as this is … everybody’s right. You’re optimistic? You’ll find all the signs you need to support your expert view. You think it’s all falling off a cliff? Look out! There’s a cliff! While, off-the-radar, real things are happening. Real buyers, real sellers, and the twain are

Land in Toorak. It’s still the litmus test of how prices are moving at the top end – it’s the land, not what’s on it, that is the true indicator of where the market is heading. That’s the logic. The illogical (we’ll get to it) is more difficult to explain – quantum theory doesn’t come

What’s up? The short story: realistic prices work (mostly) at $3 million and under, expect competition over $5 million, you’ll probably be alone over $5 million, if all boxes are ticked you probably won’t over $5 million, all boxes are rarely ticked over $5 million, all ducks must line up ducks are famously uncooperative 13

Today’s paper (see below) says the top end is taking a battering. Yes. Well. Told you so. Six months ago. Yet still the conversation deafens among the she’ll-be-righters, the you-just-wait-’til-Spring sayers. [pullquote]”They live in hope.”[/pullquote]They live in hope. Let us take a suburb at random and delve a little deeper. Toorak. Currently there are about

The penny has dropped. Explaining how the top end works all depends on your perspective. From one direction it’s chaos, from another everything becomes clear. It’s been making sense to us all year. We’ve been explaining it all year. What we have found impossible to understand are the explanations coming from those who have been

Dear Maybe Vendor, We have buyers. Yes. Really. We understand your problem, truly we do. You are reluctant to sell until you can find something to buy – somewhere that you want to live. Believe us, we know the problem. We know the problem only too well. We are thoroughly sick of the problem. OK.

Anything new on map 58? I wish there was something to report but there is nothing to buy, therefore there is nothing to sell. The market at the top end is the same as we reported it two weeks ago, four weeks ago, six weeks ago! When something, anything, really does happen we will let