Day. Hijacked. Hurry.

Morrell and Koren, the 1st buyer's advocates

The news. Quick!

3 markets emerge:

  • $5 million + Slow, thoughtful
  • $2.5-5 million Same 5 hands a-waving, week in, week out
  • $2.5 million – Free-for-all

Hyperactivity fed by underquoting:

  • It’s on again, led by a culprit agency which is dragging all the others down and causing wanton pain among buyers. Telling the innocents that a property will sell for mid- high-2’s when land value and result say high 3’s is short-term reputation destruction. Long-term? Greater regulation. Long term? Shot-in-foot.

Stock levels?

  • Not a lot of quality about.

Over-quote of the year?

  • $12 million for 5,000 sq ft in Albert Park? Who are you trying to kid?

Pot + kettle:

  • Agents complaining other agents are using dummy bidders. (Wow!) (Who woulda thought?) Poetic justice: Somebody just bought a friend’s house. (Whoops.)


  • Internet only — marketing costs down
  • Off-market — privacy up

David Morrell

damian copy

Bayside: New lean news

Fewer, briefer, is better. And if there’s nothing unusual, no report.

Bayside over the weekend? Nothing unusual.

Damian Taylor

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