Let’s Dig Down
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Stats and comparisons to past years aren’t really all that helpful – negative headlines or even positive predictions about the future, don’t actually get your home bought or sold.
Stats and comparisons to past years aren’t really all that helpful – negative headlines or even positive predictions about the future, don’t actually get your home bought or sold.
See how the Top End Market has been performing.
At the Top End, we observed the overall market trending slightly upwards in terms of prices following the conclusion of our third and final week of the 100 Auction Test (2024M1 – Opening).
Typically, the market in February starts off with some momentum post-Christmas break. This year, the results were mixed, with performance varying significantly across different homes, areas, and weeks.
Are you serious councillors, or is this a misprint in The Age (Adam Carey Nov 14)
“Boroondara (all 11 councillors) said it opposed the government’s decision to give residents the freedom to build secondary homes – or granny flats – on their properties without a planning permit, raising concerns about neighbourhood character, amenity and car parking.”
Market in a Minute: Spring M32023: Melbourne’s $2m+ housing market sees decreased auction transparency with only 20% selling under the hammer. Prices slightly retreat, particularly for B and C graders. Inner East remains a hotspot due to Aussie Asian demand, while Bayside and Stonnington face challenges. Market unpredictability is evident as buyer urgency has left all but the Inner East.
Every Monday, keep up to date on Top End News from Hawthorn to Toorak to Brighton to Albert Park and all of Top End Melbourne.
Today, as we close our second ‘100 Auction Market’ test for the year (2024 M2 May), the Top End market stats below confirm everything we have been saying: it’s a tough market at the top for sellers, but not impossible with the 3Ps—patience, persistence, and price revisions. For buyers, it’s an opportunity, especially if you are trading up.
Factually, if you are trading up, then the current market is the best I have seen since pre-Covid. Price you home correctly as it’s selling and then make your money on good buying. If you are buying or selling, then we can currently show you a range of opportunities as there is plenty of stock (as a general rule, both off-market and on-market).
Since the market turned Cup Day 2021 it has been rare that you had had more volcanoes than ducks ……. But we did today, as ducks were very low at 4 from 29 auctions.
Our proprietary rating system includes a detailed analysis of each property’s pros and cons and a buying recommendation, empowering you to make an informed decision.
Let us show you the 1500+ homes bought and sold by James Buy Sell
Ali and Craig Tiley had relocated to Melbourne from the US and were unfamiliar with the local property market. They were looking for support to demystify the Australian way of buying and selling property which is very different to the US model they knew.
We developed a shortlist of potential homes and a buy recommendation. By encouraging them to look beyond initial impressions and consider the inherent value of the home they chose to purchase, Ali and Craig were able to buy into a premium Brighton location two minutes from the action.
Get in touch with James Buy Sell today for a confidential discussion about your next real estate move.
During a confidential initial phone call, we’ll learn about you and what you’re looking to achieve, take you through our full-service approach, and explain how we achieve results others can’t.
Call us on 03 9804 3133 or leave your details below and we’ll be in touch.
0408 107 988
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