April hit the snooze button.
Just 20 homes sold across Armadale, Toorak, Malvern, and Prahran—half the volume of April last year.
If you spent Easter scrolling through real estate apps, you probably found more hot cross buns than hot listings.
Stonnington’s market was sluggish —but Team Fetter/Sciola still sold seven homes, three of them off-market.
Buyers are circling. Stock is… coming.
We have a healthy stock list for May and June, with quality period homes hitting the market weekly from now.
Sentiment has lifted. Vendors are grounded. Buyers are still a touch gun-shy, but it’s a big shift from 2024, when we waited (and waited) for that elusive first rate cut.
Now, with an election nearly behind us and two rate cuts likely ahead, we’re expecting momentum to build.
Yes, Melbourne’s had a PR problem, particularly for investors. But smart money knows value—and right now, Melbourne’s full of it.
Interesting fact, we’ve sold more homes to interstate investors in the past three months than any other quarter in the past decade.
Another trend: buyer advocates are everywhere. They’ve been involved in 25% of our sales this year, and a whopping 6 out of 8 off-markets.
Need a good one? I’ve got names.
As always, please reach out if you’re buying, selling, or just nosy.
Feature Property: 72 Wellington Street, Cremorne
David Sciola 