Category: Melbourne Real Estate Boom

House prices in Stonnington have gone up recently.  By my reckoning, house prices in our market peaked in October 2021, eased for about 16 months, and then started rising again in Q1 2023.  Buyer demand started abating as soon as our final COVID lockdown ended, and really plummeted when the RBA commenced the aggressive rate […]

There was a time, not long ago, when DIY was in vogue.  When The Block dominated the TV ratings and lay people considered themselves renovators and flippers. The good old days when you could landscape your entire garden for $10,000 and do a second storey extension for $300,000. When you could call a tradie for […]

There was minimal auction activity over the long weekend as we head into the final two weeks of auctions before the winter hiatus.  Buyers are hopeful of a busier spring.  We are also hoping for a busier spring, but not necessarily expecting one.  To paint a picture of just how quiet this year has been […]

Last week saw the final auction campaigns launch before the winter school holidays. The next six weeks will be quiet on the new listing front as Stonnington largely shuts down for winter, particularly for family homes.  The second half of July is where listings will recommence for August auctions. Volume tends to build deeper into […]

We have a fresh new look this week for our new listings email. We hope you like it! As our Managing Director, Andrew McCann, said in our sales meeting on Tuesday, “We are marketers, not valuers.” Our job is to engage buyers, generate activity and interest, and ideally create competition.  We connect the dots. We […]

I called three auctions on Saturday. All sold. One had two bidders, one had four bidders and one had five bidders.  And yet they all started exactly the same way, after a very energetic yet concise pre-amble… “Who’d like to kick things off with an opening bid?” Crickets.  Why does no one ever want to […]

On Friday Jellis Craig hosted our inaugural Property Event for over 450 guests at The Glasshouse. Hosted by Melbourne-local Alicia Loxley, the morning of insights featured a line-up of notable speakers including Property Economist Tim Lawless and Demographer Bernard Salt. It was a fantastic event. Given my predilection towards numbers, graphs and statistics, (Carla calls […]

It’s been a big week for Team Fetter/Sciola with five properties transacting in the last seven days and yet more accolades for our very own superstar agent, Carla Fetter. We sold three houses before auction (two of which in boardroom auctions with multiple bidders), one off market, and one under the hammer at a phenomenal […]

I’ve often said that I’m not here to make predictions, only observations.  So I’m somewhat hesitant to suggest that the market is about to take off again for certain, but I do believe we have enough evidence now that the market has bottomed out and is already some months into an upturn.  Yesterday’s rate hike […]

The term ‘off market’ is bandied around a lot.  I define an ‘off market’ as simply a property for sale that has not yet been advertised on the major portals (REA, Domain, etc).  If executed well, an off market sale can result in an efficient, expedient and transparent transaction with minimal cost and risk to […]