Situation … normal?
Monday, May 31st, 2010With school holidays rapidly approaching, the market was geared up for a record number of houses for sale in May. Mixed messages still permeate through the market and with conferences at Federation Square on underquoting*, times are … interesting. What is clear is that, after talking with dozens of estate agents, the common expression is [...]
Roller coaster?
Monday, May 24th, 2010The equity market had the ride of a lifetime over the past week with uncertainty, a falling dollar and Government policy making it not a particularly nice place to be. As one investor wept: “I would rather be on holiday in Bangkok, it’s safer.” Meanwhile, in real estate … Over the weekend, the top end [...]
A tale of two markets.
Monday, May 17th, 2010Kids, we don’t want to frighten you, but things just get weirder with each passing week. Weirder and weirder. The exceptional will always be the exceptions: they’ll sell. But finding buyers for anything less has now become work. Auctioneers who had bidders leaning out of passing car windows only a few weeks ago are now [...]
Now is the winter of our content?
Monday, May 10th, 2010A chill has descended. A chill unlike others; for this one has a sound track. It can be heard in the more and more desperate tones of auctioneers making more and more vendor bids. Goody. Smiles are appearing on the faces of buyers. Their choice is growing while their competition is lessening. There is, as [...]
It couldn’t be better?
Monday, May 3rd, 2010End of the day. A gargle of estate agents around a bar: “Mate, it’s a wonderful market!” “It’s never been stronger mate!” “Look at the clearance rates mate!” “Mate, I gotta tell you …” All true. All true. Depending on where you look. But we’re seeing some cracks, some signs of a market that has [...]