Author; David

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

[NB – There was a 5.8 magnitude earthquake near Melbourne on the day of writing] One of my colleagues had a final inspection this morning for a top floor apartment. The buyer was very concerned when the whole building started shaking. “Is this normal?” …Normal for an earthquake I guess. It certainly wasn’t his fault. […]

In some positive news last week we found out that private inspections will be allowed at vacant properties once Victoria gets to the 70% vaccination threshold, which they initially forecast for the 23rd September but it might even happen a few days earlier. We still don’t have clarity around occupied properties but a reasonable assumption […]

It turns out not even six lockdowns (now over 200 days) can hinder the roaring real estate market of Melbourne. In fact, it feels like these lockdowns are spurring things on by creating bottlenecks in an already tight supply environment and thereby compounding the demand pressure and buyer urgency that has been the undercurrent since […]

Real estate is like any other market for goods or commodities – when demand outstrips supply prices go up. When Cyclone Yasi devastated 75% of the north Queensland banana crop in 2011 banana prices rocketed to $15 a kilo. Bananarama smoothies were struck from café menus Australia wide and carrot cake sales eclipsed banana bread […]