Month: March 2018

Toorak Land Rush Is On

File it under Never-Been-Seen-Before. In the last 48 hours, five blocks of land have sold in Toorak. All separate. All to locals. All at litmus-testing prices. Higher than has been seen for land on each street before. And there’s more… Another, tonight. 66 Clendon Road via EOI closing at 5pm. Being pumped at $11k/metre. Duelling cheque …

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Market has a good lie down

First, a disclaimer. There’s little value in thinking of the real estate world as a “market”. It’s not. It’s individuals deciding when to buy or sell individual homes and how much should be paid. It’s why clearance rates may be the most quoted useless statistic anywhere outside of politics. Every house is its own market. …

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