‘Tis the season to be jolly for buyers, run for the hills for sellers.
Yesterday there were 13 of those with $20m+ homes to sell and hardly a buyer on the horizon.
Today? We’re seeing two strong maybes (including a two-figure millions price drop).
Yes. Some opportunities are very much worth exploring.
You’re buying? It’s Black Friday. Until it’s not.
Are you laughing yet?
To those agents claiming the return of the expats and booming international interest, you are wasted in real estate.
Your true audience is forming a queue:
The Trump Bounce
Dead Cat.
Meanwhile, by the beach…
Not a tidal wave, a tax wave.
Land Tax followed by Vacancy Tax mitigated by Holiday Home Exemptions (if you qualify, and who qualifies?)
Recipe for becalm. But opportunities are under that water.
Auctions?
Fewer and fewer and no interest unless it’s AAA+.
EOI
Buyers are beware for good reason (ask the 13).
Off Market
Yes. But the grubby elements are playing dirty (hello, Pinocchio) so be careful.
Blind Hope
3-4 Montrose.
$29m for a block of land on the South side?
Our view? Halve that.
Pity the vendor. Raise an eyebrow at the agent.
In the dark
Pinocchio, of course. And now some others.
Desperation makes unfortunate bedfellows.
Who won 2024?
Sellers in early March, before today became today.
Recent buyers who waited for the bubble to burst.
You deserve a break
Hellava year. Take the break. Here’s hoping it’s a good one.