Morrell & Koren

13/10/2021

From the front
Since mid-Winter a horde of underbidders (23, count them) have been roaming the Peninsula with $5m or more wearing holes in their jeans.

That's leading the stories in Top End Tales
https://morrellandkoren.com.au/war-stories/

05/08/2021

This week's Top End Tales has something for everyone (including you, if you think unethical agents need a lesson).

The difference between an estate agent and a buyer advocate is a gulf many would like to cross but so few have the essentials: life experience, real estate experience and, as importantly, mind-set.

31/05/2021

It's hot! It's a COVID market!
(Especially at the top end.)

Stage 1: Panic: Agents, vendors, the media. Nobody spared. EOI dates abandoned. Everything wanted yesterday. Hardened professionals submerged under stacks of crossed fingers.

30/04/2021

"... agents are now running three week campaigns ... they started over COVID ... they've just realised they don't have to stand out in front of properties for four weeks ... quite often within that timeframe an offer will be made which is enough to trigger a pre-auction auction. It's very important to have your finance approved and to be ready to go."

Ok! I have finally finished the last of the property podcasts during COVID. Here is the one on Melbourne/Victoria where it all started for me.It was Hong Kong in 2003 where I met David Morrell and Chris Koren who pioneered the very first resident...

27/04/2021

What's what in this week's Top End Trends?

1 Agent. 1 Month. $200m.

“I’ve got $15m locked in at 1.7% for four years and my bank’s telling me the market’s going up by 16%. Why wouldn’t I buy?”

Wealth is the drum that beats loudest at the Top End — and it’s become near-deafening since this time last year.

Two big Melbourne agents have just cashed in their chips. But did they go too early?

Venerable superstar agency that was top of the ladder season after season is now battling for the wooden spoon. The old rules don’t rule no more.

Dear under-quoter, we see you. Be afraid.

Get it all at:
https://tinyurl.com/yhllfp27

How did we find the home that you couldn’t? How did we buy the home that you found—for so much less than you were told?

17/03/2021

This week's Top End Trends is all about The Cyclone At The Top

https://morrellandkoren.com.au/the-cyclone-at-the-top

How many unprecedenteds can line up in a row?

Last week’s unprecedented is history and next week is likely to make this week seem tranquil.

Climate change predicts stronger cyclones. Top end real estate’s strengthening cyclone is all about human change.

01/02/2021

Welcome to this year and a bedlam of “I’ll tell you what’s coming…” from those property gurus with 20% holes in their feet right where they shot themselves last year.

https://morrellandkoren.com.au/chaos-no-theory/

30/11/2020

Sanity. Insanity. Is this COVID Normal? is in this week's Top End Trends.

12/11/2020

Melbourne prestige buyer’s agent David Morrell said buyers were competing hard for homes in holiday hotspots as well as Melbourne’s leafy inner suburbs.

“We’re seeing in the upper end, in the past two weeks all these trophy homes are coming onto the market,” he said.

“The real hotspots are the areas like Portsea and Sorrento, holiday stuff that has gone up 15 to 20 per cent in the past two months.”

Five Australian cities have made a ranking of the fastest-rising luxury housing markets in the world, and countries that managed the pandemic best moved up the list.

04/11/2020

"Last week I was offered seven $20 million-plus properties," said buyer's agent David Morrell. "We haven’t seen that before. Is the market going to digest it? We don’t know. It hasn’t been tested."

Mr Morrell, who has an interest in securing properties at lower prices for his well-heeled clients, said such pricing could give other vendors unrealistic expectations about the prices they should ask for their own properties.
"It can distort expectations for the ill-informed," he said.

Mansions priced above $10 million are selling rapidly in Melbourne. But there's a debate about how much is too much.

03/11/2020

COVID hits the brakes. The market hits GO! (Told you so.) headlines this week's Top End Trends
https://tinyurl.com/y3xu5gd5

09/10/2020

Droughts, Bushfires, Floods, Pandemics. What could go wrong? (While you're there, you can also subscribe to Top End Trends)
https://www.morrellandkoren.com.au/droughts-bushfires-floods-pandemics-what-could-go-wrong