Kay & Burton Report - Episode 8 - October 24th 2014 Edition
While there is plenty of buzz around today on the eve of the biggest auction day in our city’s history, our company has quietly been overseeing the completion of two of the biggest sales of recent times. Two Toorak homes settled this week for a combined total of circa $40million. In both cases the buyers were from Melbourne and are a reminder that, even as real estate becomes more global every day, the power and capability of our local buyers to perform at the highest level should never be underestimated. That said, expats and foreign buyers are becoming a permanent fixture amongst buyer inquiry this spring and, as the Aussie dollar continues to weaken, our international specialists are reporting increasing demand from Chinese families seeking to invest personally rather than just financially.
There’s also a last minute look at some of the properties due to go under the hammer. Contracts have been streaming out of all offices this week, and we anticipate seeing some high calibre competition unfolding at several auctions. We also had the cameras inside two marquee listings of the year which we think you’ll find quite fascinating, whether you are actively in the market at the top end or just a follower of world leading design. And our very popular Open for Inspection section is there as well, offering a great guide into the best home spotting this weekend.