88% clearance on Melbourne lockdown weekend, this boom can't be tamed

Seems out of control everywhere including Sydney
CoreLogic Auction Results | CoreLogic

For your consideration here is an unliveable 2 bed 1 bath house in the lower north shore for $3 million
Sold 18 Emmett Street, Crows Nest NSW 2065 on 13 Feb 2021 - 2016730901 | Domain

 

Massive block of land though....

 

it is tempting to think it is just one crazy buyer, but clearly plenty of other bidders were willing to take it to almost $3m. Blows my mind for such a small block. $13.5k per sqm...

 

My mate was supposed to go a Saturday auction but they bought it forward to Friday night. Plenty of people came and it sold for 80k over top end listed price.

Areas I am watching it appears we are back to add 10% to top end.

 

There is nothing stopping this housing juggernaut!!

 

Melbourne as well. I thought there were laws against underquoting. Everything 10 to 20 pct over range.

 

No taming wanted. Hope it roars ahead.

 

Oi! Cut out the optimism!
We are in the economics forum you realize?

 

When have I ever been pessimistic and overly negative on this forum? even when some folks were attacking me (and some others) as being overly bullish and blah blah blah..

Never.

If the ambivalent folks who didn't take action all those years ago would only have listened to my message (many saying the same message really so definitely no guru here ) they likely would have made some nice money today.

 

You know I’m joking right
Pointing fun at the forever pessimistic that lurk around the economics forum.

You definitely don’t qualify for one of those.

 

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Of course I know you are mate

Here's the thing, even though I've always advocated for getting in the market when you can, my number one priority and focus was to always assess risk.

Anyway it's good