Transactions are down. But buyers are still competing
Welcome to Spring! There’s been plenty of discussion about the property market cooling, but one part of the story isn’t getting nearly as much attention: the number of houses changing hands has fallen sharply. Across Stonnington, house sales over the…
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A fresh look at Melbourne property prices
Melburnians love property. For decades, buying a house has been seen not just as somewhere to live, but as one of the safest ways to build wealth. Buy a house. Hold it. Become a millionaire. Easy. Except the last 10…
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First to spring delivers a strong start
On Saturday, it felt a little like the old days. The sun was out, the streets were full, open homes were busy and there were big crowds at the auctions. We even had the Domain coffee cart out. Perhaps it…
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What 140 groups on Saturday told me…
If you’ve been wondering where all the new listings have been lately… so have the buyers. The past five or six weeks have been about as quiet as winter usually gets in Stonnington. Plenty of buyers have been refreshing REA and Domain like they’re…
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State of the Market
The market is quieter. That doesn’t mean it’s stopped. After a short break from my market updates (no, it wasn’t a sabbatical in Europe), I thought it was worth sharing what we’re seeing on the ground. There’s no doubt conditions…
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Timing the Market
Every year I speak to buyers who tell me they’re going to wait. Wait for more certainty. Wait for prices to come back. Wait until spring. Wait until after the next interest rate decision. Wait until after the election. Wait…
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David Sciola 