Category: Melbourne Real Estate Boom

I cringe every time I hear an auctioneer utter the words, ‘location, location, location.’  If location was really the biggest driving factor determining interest in a property, then 90 percent of homes wouldn’t sell.  Houses sell in Brighton, The Bronx and Beirut.  Houses sell next to freeways, high tension power lines and hospitals.  You can […]

It’s not really our style to blow our own trumpets here at Team Fetter/Sciola… Carla has tossed out most of her ‘Agent of the Year’ trophies that were cluttering up her desk.  BUT, it is nice to receive some recognition once in a while.  Realestate.com.au just released the AREA finalists for residential agent of the year 2022 and […]

Hopefully you enjoyed a quiet and sunny long weekend as Melbourne gently kisses summer farewell and we shove the beach towels in the back of the cupboard and pull out the footy scarves for round one. There was no auction activity to report over the long weekend, but we are now looking forward to three […]

They say the darkest hour of night is just before dawn.  After 10 consecutive interest rate hikes in 10 months, are we finally seeing some daylight, at least when it comes to certainty around borrowing costs? Should we just round it off to four percent and call it a day?  Historically, a four percent cash […]

Each week in February saw an increase in new listings and auction results, with Saturday being the biggest test of the 2023 market so far. So far, so good. Clearance remains very resilient. Buoyant even.  A snapshot from Saturday:  Jellis Craig reported 79 percent clearance from 107 auctions.  The REIV reported 75 percent clearance from 780 […]

Late February is always the first litmus test of the new year market. Saturday was our first proper auction weekend of 2023, with 83 homes going under hammer across the Jellis Craig network.  I was surprised, pleasantly, when the results emailed popped up in my inbox on Saturday afternoon.  Our clearance rate was a very […]

We are fortunate to work in such an affluent, established, and sophisticated real estate market as Stonnington. Our clients are well educated, savvy, have excellent market knowledge, and most have experience buying and selling. Likewise, the calibre of real estate agents in Stonnington is amongst the highest in Australia, if not the world. The stakes […]

As agents and ‘trusted advisors’, people seek our advice to help them make better decisions around buying and selling real estate. Some topics are easy to give advice on – presentation, advertising, sales method, strategy, etc. Other topics are not so easy – like timing – because this is largely outside of our control. People […]

We had 37 groups inspect 2 Oak Grove, Malvern East on Saturday – a fully renovated family home on 740sqm with a pool. Around the corner, 47 groups inspected a contemporary three-bedroom townhouse on Darling Road. Big numbers! We always see a spike in inspection numbers in the first few weeks following Australia Day. The […]

Welcome back to our first New Listings email of 2023! For those loyal readers who tune in every week, we really appreciate your support. For those new subscribers, hopefully you find some value in my weekly ruminations, insights, and observations on the Stonnington property market. Given my media and communications background, the corporate office has […]