Sell with Confidence
Read More
News

Melbourne Properties are … CHEAP?????

By Gavin Staindl

What $1.1 million AUD can get you in Zurich – a 1 bedroom studio apartment

There was a time, not so long ago, that I remember stumbling down a random cobblestone path in Zurich, Switzerland. I admit, I probably had one too many vodka honey shots but they were so damn tasty.

It was approx 11pm
Randomly I ran into a real estate agent from Switzerland. You can imagine my delight. “Nooooaaahhhh wayyyyyy. I’mmmmm an estateeee agent toooooooo”
We clicked instantly. And despite my inebriated energy we managed a really intriguing conversation about global market trends and economic predictions.

As we weaved our way through one of Europe’s most expensive cities he pointed out various apartments that had sold that year. I could not believe the prices he was rattling off for the smallest, ugliest buildings.
He pointed to a two-bedroom apartment on a third floor of a decaying building that looked as if it was a cozy home for a set of rats, “Zis one sold for 2.5 million euro” he said nonchalantly.
I thought Melbourne was expensive…

I learnt that night that no matter how expensive you might think properties are in Australia, or Melbourne, or south Pakenham there is always a whole new level of craziness just around the corner that makes our market look like a bargain.
Moving forward, each week we will show what you can buy for $1m in another random country. It’s always fun to dream, right?
***

Oh, and as I was writing this, the RBA decided to leave rates on hold. A win for everyone. Yay!

Up to Date

Latest News

  • Is being “busy” a bad thing??🏡

    I want you to picture you and I are having a chat over coffee. We’ve ordered our coffee at the counter and we go to our table. We sit down and there is that awkward pause before you jump into conversation. I ask you, “How’s work?” What’s your response? Last … Read more

    Read Full Post

  • I NEVER THOUGHT POKEMON CARDS COULD PREDICT THE HOUSING MARKET…

    On the back of last week’s email I had a vast array of responses. Some hopeful first home buyers replied optimistically saying they hoped prices would drop 50%. Others suggested prices would rise intensely in the next 12 months. But my favourite response to the short-term property market came from … Read more

    Read Full Post