Welcome to this year and a bedlam of “I’ll tell you what’s coming…” from those property gurus with 20% holes in their feet right where they shot themselves last year. What’s hot at the top? You’re on a beach on either side of the Peninsula and in need of $20m+? You’ll be killed in the […]
Sanity. Imagine that! Clendon Road. This was always going to be a test of the Top End. It passed. The owner’s expectations were well aligned with the market’s: $20m. With three hands a wavin’, it went for 10% more. 70+ parties inspected — given the Covid restrictions demanding a lot of the non-serious, that suggests
Sanity. Insanity. Is this COVID Normal? Read More »
OK, we got it right. When the pundits were predicting hammerings of 25% then 20% then… We weren’t. It’s the difference between head-in-stats and feet-on-floor. What’s Up? Over the last two weeks we’ve seen nine quiet transactions at around $15m. That would not have happened a month ago. In the last week eight more $20m+
COVID hits the brakes. The market hits GO! (Told you so.) Read More »
The home made just for you. It has your name all over it. Now all you have to do is buy it. There’s going to be an auction… You do your sums. You ask the agent what it will go for (it’s in your budget!). You check every nook, every cranny, every powerpoint, every cupboard.
At last! You’ve found it! Read More »
Everywhere you look doesn’t look like it looked before. How do you make sense of chaos? How can you predict what’s next? A glimpse at how we got here provides a clue. This is from realestate.com.au Victoria’s first COVID lockdown near-killed buyer interest, it then rose well above the norm until taking another hit
Droughts, Bushfires, Floods, Pandemics. What could go wrong? Read More »
A submarine, of course, because the real AAA action (and there’s a lot) is now underwater. And a mask because that’s what you need to go anywhere today. So. What’s up, down at the top? Market Crashes. Not. Last week non-AAA land went for $8,300/sq m. That kind of result was not alone. The doom-singers
It’s a submarine. Wearing a mask. Isn’t everybody? Read More »
How was your Sunday? Kind of short? That will be the Winter Solstice. Traditionally the time for the real estate market to curl up and die. But there’s still life left if you know where to look. Just last week $25m changed hands (yes, really, real money and everything) and there are a couple in the
Some lessons for migratory estate agents who haven’t been around in MEL for longer than they can remember. Lesson 1. Is this winter? You open a door and it’s really cold. That’s a sign that it’s probably winter and you’re not in the South of France. Lesson 2. Things still get bought. Home things. (Yes!
Winter (for those who forgot) Read More »
Chaos. Results can be a little difficult to predict “Chaos theory is a branch of mathematics focusing on the study of chaos—states of dynamical systems whose apparently-random states of disorder and irregularities are often governed by deterministic laws that are highly sensitive to initial conditions.” (thanks, Wikipedia) Well, it’s good to get that out of
Hello (good?) chaos Read More »
OK. There’s a heap of conflicting predictions about what real estate will and won’t do out there, so we have consulted the world’s most reliable prognosticators (one President excepted) for the answers you need. The Oracle of Delphi “Beware the Ides of…” (Sorry, wrong Oracle.) “You saw what happened with the GFC? Stock markets fell
The Definitive Guide To What’s Next Read More »