It’s a record-breaking field. Think Melbourne Cup with 48 starters. You can forget Flemington when there’s a Group One mega field of top end homes in a race for new owners just 14.9k down the road. Your wager now pays up to 50% more at 3142.
It’s happened as suddenly as a Cup Day downpour. We’ve never seen so many trophy homes come onto the market at the same time — or so many heavy discounts coming with them. For buyers there’s been a mood-shift from gloom to boom in a few weeks.
On the card…
The favourite
62 Clendon Road Expectations $96-105m,
Worth a flutter:quality(80):no_upscale()/2019555089_1_1_241011_123210-w8932-h5970)
34 Irving Road $50-55m
4 Grant Avenue $20-22m
The outsider
29 Hawthorn Grove, Hawthorn Hopes: $20m. Odds: How many $20m buyers in Boroondara?
Yet to finish
12 Lansell Road Was $30m. Now $20-24m. The race is on..
108 St Georges Road Was $25-30m. Now $17-19m. New owner pre-X? Probably no.
In short, it’s a very good time to be a buyer.
Non-runners.
Those agents insisting that they have buyers. Insisting again, again, again. Buyers who evaporate again again again.
Prompting a non-ancient adage: Trust spilled like water is drought.
Pinocchio, by a nose.
That nose has turned. He whose underquotes have been breathtaking has now embraced breathless overestimates.
The head spins.