The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.

Category Archives For: Random Thoughts


2008-02-15Unemployment down to 4.1%, the lowest in 33 years.

More people working means more people buying property, more people taking out mortgages and more consumer spending……


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Richard Branson’s beach house!

RichardBransonEver wanted to live like the rich and famous?

Well for a cool US$47,000 per night you can hire out Richard Branson's own private island for you and your entourage!

The island has 31 staff on hand to attend to every one of your requests, choose either helicopter or speedboat to travel to nearby islands. Recently the island was where one of the owners of Google had his wedding, frequent quests also include Tony Blair, Mick Jagger and the royal family.

Normally the entire Island is hired privately by an individual or group, but during Celebration Weeks, held on selected weeks throughout the year, couples or singles can book one of 14 rooms individually and share the Island with others. This would have to be an experience to remember!

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Government not happy

The Government this morning has conveyed its disappointment with the Commonwealth's bank decision to raise interest rates more than the increase set by the reserve bank of Australia and has warned other lenders looking at doing the same thing.

They have also indicated they are looking at increasing the competition in the home loan market by allowing people to change lenders throughout a loan period more easily and forcing the lenders to charge lower fees for doing so.

This would be a great move and one which should be applauded, the new government is under great pressure from the public about this issue as it was of course such a hot issue in the recent election.


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Why won’t they contact me?

Often in hot property markets it can be frustrating getting in contact with a real estate agent s about a desired property. The reason is simple, when the property market is hot, properties sell themselves.

The main focus of a real estate agent can often be getting the next listing for sale, that’s why often people who are selling a property can expect a call almost everyday while a buyer can leave many messages without ever getting a follow up call back!

Good real estate agents will always follow up with purchasers as they should however it is easy to get complacent in these strong times. If the market does turn then who knows we may see the Real Estate bore in action!

Lifestyles of the rich and famous!

Welcome to Richard Branson’s island where for a cool $60,000US a night you can indulge yourself in the luxuries that would be expected to please Sir Richard…

If only we could all have a property on an island like this!
Guests to have stayed here include the Rolling Stones & the Beatles as well as the owners of Google having their wedding on the island.