Category: Melbourne Real Estate Boom

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 past three months compared with the same period last year look like this: Malvern: 35 […]

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 years haven’t really worked like that in Melbourne. I’ve been saying for a while that […]

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 was all the caffeine, but the bidders certainly came ready to compete. As part of […]

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 trying to buy Taylor Swift tickets, only to discover there wasn’t much to look at. […]

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 have become more challenging over the past nine months. Higher interest rates, ongoing economic and […]

After a very busy March, the market has clearly shifted gears a little over the past few weeks. There’s a lot going on. War. Inflation. Tax reform. For some people, buying and selling has understandably fallen down the priority list. And that’s ok. If you’re looking for an excuse not to move right now, there’s […]

One of the most common things I hear from homeowners is this: “We’ll probably sell once the market improves.” Reasonable thought. The problem is that timing property markets is far harder than it sounds. Many owners spend years waiting for the perfect moment, only to find prices have moved far less than expected. And in […]

I’ve been looking for a home for about eight months now, and I haven’t seen a single property where I thought, “this is the one.” It’s surprisingly hard to find a good home. Granted, I’m looking in half of one suburb, so I’m restricting my options. And I’m one of those annoying buyers who is […]