The madness at the top end continued on its merry way over the weekend. The cost of land per square foot is the true litmus test of where the market is and in which direction it is going; and there’s still no border in sight. Need a road map? Take a look at Saturday?s auction […]
August 27. Madness (cont’d) Read More »
Australia?s love of property continues. The pundits’ predictions of the market cooling in light of last week’s sharemarket turbulence was a non-event. If anything, there’s an even greater appetite for property. The market is still hungry. In some cases there were queues at open-for-inspections. The top sale of 14 Maple Grove, Toorak, at $9,120,000 against
August 20. Market’s hunger pangs on Read More »
While it was reported investors would hold back on the weekend, they clearly were not reading the newspapers. World equity markets were in turmoil and Melbourne’s upper-end residential market did not skip a beat. If anything, it rose to new heights. Yes, people still want to buy better houses and they’re voting with their cheque
There is a glimmer of light at the end of the tunnel ? We are at last starting to see some good properties come onto the market. Only a few, but at least there is something to contemplate. Big news this week was the sale of Stonnington Mansion to Rob Menzies for $18 million. Yes,
August 6. A light at the end of the tunnel? Read More »