Anyone for tennis?
Monday, August 30th, 2010Hit, miss. Hit, miss. Hit, miss … Hits: 59 Studley Road, Ivanhoe. Substantial art deco house on 3000 sq m with city views. Quoted at $3 million plus, reserve $3.5 million, sold for $4.3 million. Two determined bidders will do that. 31 Hawksburn Road, South Yarra. Unrenovated Victorian terrace. Quoted at $1.6 million plus, sold [...]
Buyers limp, ice looms and wood ducks fly
Monday, August 16th, 2010It’s a limp toward Spring. At the top end buyers are still around and they’re being seen at inspections, but there’s little on offer to excite them. Disinterest rules. We’ve been feeling the pulse of Map 58, trying to detect a heartbeat. Hardly a flutter. The agents will tell you that this is the usual [...]
Race to the bottom?
Monday, August 9th, 2010This is a market every bit as fascinating as a 3am debate about who will win the wooden spoon. No choice, no zing, no heartbeat. And more school holidays only a month away. Agents are now spruiking a flood of properties about to come onto the market; but even if that’s true (we suspect not), [...]
Silence ain’t golden, it’s grey.
Monday, August 2nd, 2010It is as quiet as it has been in 20 years. Even the 1990 blood bath had some transactions to make a noise about. We’re now in new territory for a lot of agents who have nothing but memories of endless listings. Explanations? They’re wherever you would like to look: the election, the sharemarket, the [...]
More answers than questions?
Monday, July 26th, 2010Tis the season of polls, polls, and more polls. Even worms are being asked for their opinions. And for every question, you get to choose the answer you like. Jeremy Grantham pontificated on Oz and continued his stirring of our property market, suggesting that we’re at the height of a bubble and home price falls [...]
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