Category: Melbourne Real Estate Boom

There is an old rule of thumb that house prices double every seven to 10 years. Over generations, this rule of roughly seven percent annual growth holds up fairly well. But as with all markets, timing is everything. It depends on which seven to 10 year period you are looking at. And while some houses […]

It’s springtime in Melbourne and while it might be premature to put the puffy jacket away or switch the air conditioner mode to ‘cool’ just yet, the weather is improving, and the days are getting longer. October and November are traditionally the busiest auction months of the year, with the ‘Super Saturday’ before the Melbourne […]

Saturday was our first auction weekend of spring, and the mood was positive with the pear trees in full blossom, the sun shining, and strong numbers at our opens and auctions. Team Fetter/Sciola had three auctions scheduled. Two sold before at the top of the range, and one sold on Saturday under stiff competition with […]

We deal with a lot of buyers. Hundreds per week. Thousands per year. There are over a million contacts in our database across the Jellis Craig network. If you’ve ever enquired on or inspected a Jellis Craig property, you’re in there. One of our fundamental roles as real estate agents is qualifying buyers. For a […]

There were more surprisingly strong results last week, bucking the trend of the now widely reported price falls across Melbourne. A family home in Malvern sold (with a competitor) for half a million dollars above the range. It was a good house. It wasn’t exceptional or newly renovated, but it was attractive, well positioned, conservatively […]

Yesterday we visited Realestate.com.au’s head office in Richmond and were presented with some intriguing insights and statistics. REA is Australia’s dominant real estate portal, with 124million visits per month, which is 3.36 times their nearest competitor. I was amazed to find out that Armadale was the most searched suburb in all of Victoria. (List below). […]

The market has been cooling for nine months already. I picked the turning of the market on Cup Weekend 2021. We were finally out of lockdown (for good) and expecting the property market to continue on its merry way once restrictions eased and we had freedom of movement. The exact opposite happened. Our inspection numbers […]

Last year was unusual. Last year was extraordinary. Last year was a one-off. There was a Thursday in October when I called six Zoom auctions in a row and all of them sold with multiple bidders, above the range, in less than 18 days on market. Clearance rates were above 90 percent, and I can’t […]

When I bought my first family home my buying journey was stereotypical. We started looking at properties that were well within our means. Unfortunately, we didn’t like them. They weren’t big enough or good enough. They had too many compromises. We would have outgrown them too quickly. So what did we do? Like any self-respecting […]

Like humans, all properties have their faults. There is no ‘perfect’ home. Even at $7,000,000 in Stonnington you won’t necessarily get a garage or North orientation. When a house is struggling to sell with limited interest, it can be tempting to focus on its shortcomings to justify or explain the lack of buyer engagement. But […]