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 […]Read more "House Prices Jump 9.5% in Three Months"
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 […]Read more "Housing Affordability at an 18 Year High"
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, […]Read more "Are We Up 10% in 10 Weeks?"
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 […]Read more "Heating Up…"
Melbourne Architectural Styles Explained Part IRead more "Melbourne’s Architectural Styles"
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 […]Read more "Spring Momentum"
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 – […]Read more "Hesitant Optimism"
Well it’s the first day of Spring and hopefully two weeks from now we will be springing back into action with over a dozen new listings for Team Fetter set to hit the market as soon as restrictions ease. We are expecting quite the frenzy of activity post lock down. Like I said to my […]Read more "Melbourne’s Architectural Styles Explained – Part II"
As the real estate market goes into a six week, late-winter hibernation, the accolades keep flowing for the one and only Carla Fetter! In contrast to previous years’ black tie dinners and cocktail parties, this year’s awards were rather meek and modest, consisting of an 11 minute YouTube video announcing the winners from 2019/20. While […]Read more "What does it take to be the number one sales team at Jellis Craig? "
Because that’s the only COVID discount on offer at the moment across Melbourne, with median house prices down just 3.5% since April, according to the latest REIV data. It’s funny though, given the hesitation of most buyers and sellers at the moment, you’d expect this number to be 35%, not 3.5%. Prices are still up […]Read more "How excited would you be over a 3.5% discount?"