Category: Melbourne Real Estate Boom

We have just entered that short window of the year when the premium family homes come to market. The trophy homes… Your forever home.  If you’re looking in the $5,000,000 – $10,000,000 range in Stonnington, especially outside of Toorak, there’s never much choice.  Spring of 2022 and 2023 were meagre affairs in this respect, with […]

This unseasonably warm weather has been a welcome yet unexpected treat lately, like a Raygun lighting up social media feeds around the world. The August heatwave is very timely too, given that most of us had to do a double take when reading our latest energy bills, which seemed to have doubled since last winter. […]

We had a glimpse of spring today.  Driving through the wide streets of Malvern, I was surprised to see the plane trees are already budding green and the cherry blossoms are out in full force.  Buyers are about to bask in the warming glow of even more screen time, with a lengthening list of new […]

On a global standard, Australians are more property obsessed than most other nations.  The Australian dream is owning your own home.  This is not the case in other parts of the world. Berliners and New Yorkers are very happy to rent.  Property in Australia is aspirational. Most people want a bigger, better, nicer home.  Otherwise […]

Auction is the preferred sale method for most properties in Stonnington. It is the most transparent method, which is why buyers tend to prefer it. You know where you stand. One of the main benefits to vendors is that auction sales are unconditional. This means buyers need to have their ducks in a row before […]

If you hadn’t yet pulled out your Melbourne winter uniform (big black puffy jacket), you would have today. Winter is here.  It’s cold, wet, and windy. The Plane trees are bare, the winter solstice is next Friday, and the 2023/2024 financial year is about to close.  It’s been an interesting year, property wise. Positive overall, but […]

On Friday we held our annual Jellis Craig property event at the Glasshouse, hosted by Alicia Loxley, with some terrific guest speakers including demographer and author, Bernard Salt.  Bernard is a proud proponent of Melbourne.  He is so pro-Melbourne, in fact, that he challenges anyone to find such a prosperous, liveable, world-class city with as large […]

Recently I was listening to Sam Harris’ podcast, ‘Making Sense’, with guest Daniel Kahneman.  Kahneman is a Nobel Prize winning psychologist and author of the hugely popular book, ‘Thinking Fast and Slow’. His niche is cognitive biases.  Loss aversion is a cognitive bias that suggests that for individuals, the pain of losing is psychologically twice […]

I recently had a mortgage broker request eight desktop valuations from eight of the biggest lenders in Australia on my property – the big four banks plus Macquarie, Bank of Melbourne, ING, and Bankwest. The valuations varied by 25 percent from lowest to highest. Granted, these were desktop valuations, but full valuations would have yielded […]

There is no clear consensus on the state of Melbourne property market right now. Ask 10 people how the market is, and you’ll receive 10 different answers, ranging from ‘about to crash’ to ‘about to take off’, and everything in between. From my perspective, the market seems great right now! I had two auctions in […]