BY GUY ANGWIN 18th February 2012
James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne.
Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect Adam on 0413 318 079 or Gina on (+613) 9804 3133 or 0457 835 255 or Mal on 0408 107 988 from James Buyer Advocates.
Alternatively if you see us at an open for inspection or an auction please feel free to come over and say hello – perhaps we could send you a buyer rating, a result or simply open diaries and work out a time to sit down and talk about the market, values, negotiation, alternative homes or your needs from a buyer’s perspective.
For the record each of us is involved in 2 to 3 homes, around 20 inspections and attending/assisting/bidding on up to 4 auctions on a weekly basis – all in that specialist $M+ price range.
A sample of testimonials from satisfied clients http://www.jamesbuyeradvocates.com.au/testimonials.php
PORT MELBOURNE, 18 Hobsons Bay Pde, David Lack (Biggin Scott): Passed in, $1,600,000, no bidders
BRIGHTON, 1 Farleigh Gr | Greg Costello (RT Edgar)
Under Hammer: $2,222,000 - 6 Bidders (Photo: Mal James)
"My first auction of the year and I'm a little toey as the auction bell rings - it's not nerves, more anticipation - you see I think it will fly along and I've been starved of the buzz of an auction for 8 long weeks. Anyway one of the best in the business for these type of homes, Greg Costello, is conducting proceedings and there is a bit of a hush as he finishes up his spiel and gets down to business in front of a crowd of around 70 - a good size for Brighton. Bang! We have $1,650,000 from Bidder One straight out of the blocks. Bidder Two offers $1,700,000 and Bidder Three is at $1,800,000. We are on the market at $1,850,000 in an instant. Bidder Four is in at $1,920,000 and Bidder Five at $1,950,000. Really its only been a quick flurry and we are $2,000,000 even. Between that and $2,100,000, Bidder Six arrived and left. We still have good, strong, multiple bidding at $2,100,000 or $250,000 over reserve and the quote.
At this level it seems we are down to a race in two - Greg is doing a great job just to keep up with halves at $2,162,500 although his penciller was struggling to record all the bids. At $2,190,000 the original bidder comes back in and we move in little but strongly bid amounts until $2,210,000 when the eventual underbidder moves from strong to weak responses - advertising to the crowd (and his competitor) he is near the end. Really this is not a good move as all it does is give the eventual winner, who was bidding through an agent, some juice to go harder. The agony for one and ecstasy for another ends on the Richie Benaud number of $2,222,000. Great auction and it's good to be back in the saddle.
" (Mal James)
Biggest Sale: ALBERT PARK, 148 Beaconsfield Pde
David Wood (Hocking Stuart); Under Hammer, $3,010,000 - 4 Bidders
"A strong crowd converged under the hot Melbourne midday sun to see if this beachside property would find a new owner. Despite being sold with no chattels, which could mean a house stripped bare by settlement, there was genuine interest in this home. It was just like being at the Australian Open as bids were thrown fast and furious and auctioneer David Wood did well to keep pace with where the bidding was at. Even with the property declared on the market at $2,905,000, there was still a number of bids to be placed and phone calls to be made, before the property was bought under the hammer for $3,010,000." (Debbie McTaggart)
Biggest Pass In: SANDRINGHAM, 16 Keats St
Steve Tickell (Hocking Stuart); Passed In: $1,820,000 - 1 Bidders
"16 Keats is an interesting period home of several different eras in the, or close to, THE street in Sandringham. The auction is really a litmus test for the lower Bayside market in the upper echelons. As this is a reasonable offering but certainly no shoe in to sell well. A good solid crowd of around 90, (which in this or any Bayside market is very good) has turned up to watch Stephen Tickell and Jen Dwyer strut their stuff. The question is - are they all lookers or are there some bidders here? And so we are down to business. Well sort of. It's 15 minutes past start time and we still haven't started the bidding - its dragging a bit. Anyway we finally get underway with a vendor bid of $1,800,000. A pause and it seems unlikely that a bidder will come forward. A half time break is called for as there feels to be little momentum - slightly surprising as the crowd is big, but hey that's the reality of the market right here and now. Back out and the question is asked again - is there any interest?
And whoops I was wrong and a bid comes in at $1,820,000 from Bidder One.
It's passed-in to the bidder and we await the result.
" (Mal James)
$1M+ bayside/port phillip Featured Auctions
PASSED IN: $1,210,000
PASSED IN: $1,500,000
PASSED IN: $1,700,000
JAMES HOME RATINGS
PASSED IN: $1,600,000
PASSED IN: $1,000,000
JAMES HOME RATINGS
PASSED IN: $1,050,000
port phillip Scheduled Auctions
bayside Scheduled Auctions
|1 Farleigh Grove||Bought||$2,222,000||$3,239||2012-02-18|
|142 Cochrane Street||Bought||$1,338,000||$2,165||2012-02-18|
|16 Lawrence Street||Passed In||PI: $1,210,000||$2,165||2012-02-18|
|127 Male Street||Bought||$990,000||$2,500||2012-02-18|
|8a Lucas Street||Bought||$1,140,000||$2,879||2012-02-18|
|252 North Road||Passed In||PI: $1,550,000|
|7 David Street||Passed In||PI: $1,700,000|
|50 Kingston Street||Bought||$1,300,000||$1,673||2012-02-18|
|10 Victoria Street||Bought||$1,935,000||$2,556||2012-02-18|
|7 Henry Street||Passed In||PI: $1,000,000|
|16 Keats Street||Passed In||PI: $1,820,000|
|148 Beaconsfield Parade||Bought||$3,010,000||$13,319||2012-02-18|
|2 Coleridge Street||Passed In||PI: $1,500,000||$13,319||2012-02-18|
|18 Hobsons Bay Parade||Passed In||PI: $1,600,000||$13,319||2012-02-18|
|152 Farrell Street||Passed In||PI: $1,220,000||$13,319||2012-02-18|
|51 Raglan Street||Passed In||PI: $1,000,000||$13,319||2012-02-18|
|ST KILDA WEST|
|319 Canterbury Road||Passed In||PI: $1,050,000||$13,319||2012-02-18|
bayside Private Sales
REPORTED BAYSIDE PRIVATE SALES
|ADDRESS||BOUGHT PRICE||IMPROVED $/SQM|
|BRIGHTON||6 Tynefield Court||Range: $1,553,580 - $1,709,100||$4,490 - $4,940|
|2 Little Moffat Lane||$1,150,000||$3,343|
|371 St Kilda Street||Undisclosed|
|9/11 Well Street||Undisclosed|
|BRIGHTON EAST||51 Milroy Street||Undisclosed|
|HAMPTON||36A May Street||$1,530,000||$4,180|
|SANDRINGHAM||6 Campbell Street||$1,600,000||$4,061|
|18 Balmoral Avenue||Range: $896,665 - $986,425||$2,176 - $2,394|
REPORTED PORT PHILLIP PRIVATE SALES
|PORT MELBOURNE||207 Stokes Street||$1,150,000||$8,333|
|SOUTH MELBOURNE||1 Henderson Street||$1,250,000||$7,396|
|120 Pickles Street||$1,200,000||$6,250|
|ST KILDA EAST||202 Inkerman Street||Range: $863,102 - $949,502||$3,523 - $3,876|
BRIGHTON, 127 Male St | Nick Johnstone (Nick Johnstone Real Estate)
Under Hammer: $990,000 - 4 Bidders (Photo: David James)