Author; David

How rapidly things change. Flash back to April last year and we couldn’t get an offer to save ourselves. Buyers were more than happy to sit on the side-lines and wait for the market to implode. But it never did. Distressed sales? Didn’t happen. Negative net immigration? Didn’t matter. Recession? Not in Stonnington. Banks predicting […]

We are gradually moving back towards onsite Auction as the preferred sales method for most of our properties, particularly the broadly appealing single and double fronted period homes in the $1,000,000 – 3,000,000 bracket. Love ’em or hate ’em, Auctions are still the most straightforward, transparent and efficient way to sell houses in a market […]

Welcome back! You may recall on December 8th I wrote, ‘Are we up 10% in 10 weeks?’: I suggested that prices for period homes in Stonnington seemed to be up 10% in the 10 weeks since Stage 4 lockdown ended in late September. I thought I was being flippant, but it turns out I was […]

No wonder the property market is going nuts… According to new analysis from Betashares published by Business Insider, thanks to an historically low 0.1% cash rate, housing affordability in Australia is at its highest level since 2002. This varies by city, with Sydney still being ridiculously unaffordable at around 34% of after tax income required […]

I feel like our market is up 10% in the 10 weeks since lockdown ended.  By ‘our market’ I mean period homes in Stonnington between $1m and $4m. And when I say 10% I’m being flippant. I made this figure up. There’s no stats to back it up yet.  Except for the recent sales results, […]

The market is hot. And heating. Media reporting is now suggesting that prices were up 0.8% in Melbourne for the month of October. It feels more like 10% on the streets. Saturday was our first real weekend back with public on-site auctions and there were some absolute flyers. 16 Mackay Street, Prahran sold for $450k […]

So much for a pandemic induced meltdown in property prices… I have not seen one hint of a slowdown as yet. Quite the contrary – momentum seems to be building and I’m getting more bullish by the day. As the saying goes, ‘one swallow does not make a summer’. However, when you’ve seen about 27 […]

It’s our third week back and we’re beginning to hit our stride. Thankfully we are now allowed to do everything necessary to help buyers and sellers transact – from in person appraisals, preparing homes for sale, photography, styling and of course buyer inspections. It feels a bit like the start of a new year – […]