This weekend sees the last of Team Fetter/Sciola’s Auctions for 2021, leaving us with two weeks until Christmas to tie up loose ends… sell our remaining stock and continue listing for next year. The Stonnington market will pause, as usual, from Christmas until Australia Day, aside from a very small number of transactions. February should […]Read more "And Pause"
You often hear famous comedians lamenting over their early days of stand up when they had to follow one of the all time greats on stage – Eddie Murphy or Chris Rock or Robin Williams – and absolutely bombed. I’m sure they still did a great set but it’s near on impossible as a mere […]Read more "A Hard Act To Follow"
When lockdown finally ended and our first round of open inspections were eerily quiet I was a bit concerned. Could the market have turned that quickly? Where did all the buyers go? Turns out they were all hungover and/or shopping. Phew! There’s no doubt the dynamic has changed since our freedoms returned. During lockdown 6.0 […]Read more "Holding Up"
We are now in extra-time, or “overtime” as the rest of the world calls it. The full four quarters of the real estate year have nearly played out. There are five weeks until Christmas and only one more week to launch auction campaigns for 2021. And what a year it has been! Who would have […]Read more "Extra Time"
The market has been on an incredible tear. A once in a generation, once in a career bull run like many of us have never seen before. Our average annual capital growth rate in Melbourne has been 6.8% over the last 25 years. We’re up at least 20% this year. That’s half a million dollars […]Read more "Is The Market Cooling?"
On Saturday we eased back into open inspections. It was the first time we’ve put open for inspection boards and flags out for a very long time. We had to literally dust them off. It was actually quieter than expected on Saturday. It seems most of Stonnington were either down at the beach, shopping, hungover, […]Read more "Quality Over Quantity"
In exciting news for the real estate industry, public open for inspections are back from 6pm this Friday for fully vaccinated attendees. It’s been a challenging yet productive five weeks for Team Fetter/Sciola since private inspections resumed, having sold 32 properties in the last 29 days, all via Zoom Auction or private negotiation. Work life […]Read more "Open Inspections Are Back!"
We love Zoom Auctions. So much so that we will keep doing them for many properties. I’ve called sixteen Zoom auctions since private inspections resumed and fifteen of them sold under the hammer with strong competition and lively bidding. The results are exactly the same as in-person Auctions. I haven’t come across one single buyer […]Read more "Why We Love Zoom Auctions"
There is an Edwardian single fronted home in Chomley Street, Prahran that sold in October 2020 for $1,435,000. The same property sold on Friday for $1,860,000. That’s a 30% price increase in exactly 12 months. The home had some minor cosmetic updates and presented better than last time, but essentially it’s the same house, same […]Read more "Are Prices Up 30% in 12 Months?"
This would have to be the most common question we are receiving from buyers and potential sellers right now. In fact, this is one of the perennial questions in real estate. In a strong market sellers are encouraged by the demand and high prices but also perturbed by the demand and high prices they will […]Read more "Is There More Stock Coming?"