Wednesday, May 23rd 2012
Articles | Archives
Two more at $8M+ last week – but high end turnover down for May
BY Mal James 18th May 2012
Saturday May 20th Biggest Auctions:
Canterbury, 35 Monomeath Ave, Doug McLauchlan (Marshall White) passed in and bought afterwards, $4,200,000+, no bidders
The weather was still and the crowd was strong at this auction – with about 100 people in attendance…(See More in Auction Reports)
Sandringham, 66 Victoria St, James Paynter (Hodges), under the hammer, $3,500,000, 3 [...]
Validation and Dealmaking
BY Mal James 7th May 2012
The Reserve Bank‘s interest rate cuts can have mixed results at the Top End.
The Reserve Bank gave us all a bit of a surprise with its recent rate cut of 50 basis points. But the impact of the rate cuts at the Top End could be mixed.
The diagram below shows the progress of two identical [...]
April may be quiet in terms of turnover, but not in terms of quality with three $10M+ transactions so far
BY Mal James 21st April 2012
Saturday April 21st: 22 South Road Brighton (Peter Hickey) Bought After $3,255,000
James Auction Report: Thought I would come to see the only $3m auction on offer today – that is if it is actually gets $3m+. Auctioneer Mark Earle strides out in front of a crowd of around 60 and launches into a synopsis of [...]
Early Winter Demands a Change of Tack
BY Mal James 16th April 2012
With Easter 2012 over, many of you will be suffering withdrawals not just from chocolate but also from information about the property market – and more importantly from a lack of homes to look at.
Winter 2012 seems to have come early in terms of lack of properties listed for auction. Even with the holidays now [...]
The Top End has definitely picked up (in activity – not price) – after Easter new stock is low
BY Mal James 31st March 2012
Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter.
But to keep some perspective [...]
How to buy well in this (or any) market
BY Mal James 29th March 2012
We’re in a tricky market pre Easter 2012. One minute there’s spark of life, the next the puff has gone. As a buyer you may be feeling a little confused. How can I buy well in this market?
First, let’s think about what buying well means. If you think it means a guaranteed market outcome, forget [...]
By any measure it was a slow start to 2012 at the upper level!
BY Mal James 29th February 2012
As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
What’s In Your Homebuying Plan for 2012.
BY Mal James 23rd February 2012
The auctions are back on again and the chatter about what is happening on the 2012 property market has started. By Labour Day the trickle of opinion on the state of the market will turn into a flood.
The big question for many of you right now may well be: should we buy the family home [...]
2011/2012 Thoughts from our Inner East and Bayside Selling Legends
BY Mal James 4th December 2011
To help us get a sense of what happened this year in Melbourne’s Top End property market, on both sides of the fence, we asked some of the greats of Melbourne real estate – our Legends – to give us their perspectives. We also asked them to take a longer historical view on how this [...]
A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!
BY Mal James 27th November 2011
Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
The Risks of Chasing a Housebuying Reward
BY Mal James 8th November 2011
Negotiating on a property is all about balancing the risks with the rewards. In your quest for the reward of buying your dream home, you might run the risk of paying more than you needed to. But focusing purely on the reward of paying a lower price for a home might raise the risk that [...]
It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.
BY Mal James 29th October 2011
October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts.
The Question: After [...]
Heading for the Home Stretch
BY Mal James 27th October 2011
You’re a $M+ family home buyer. Super Saturday (October 22) has been and gone and you didn’t manage to buy yourself a home from the 150 or so properties that were on offer. What now? With the Melbourne Cup break coming up, it’s time to a) assess your form b) assess your goals c) improve [...]
Truth and Emotion
BY Mal James 15th October 2011
None of us like to be lied to or feel we’ve been fooled – and very few of us want to be beaten in a deal.
Buying a home is a significant emotional experience – and for many buyers there’s an extra emotional stress when we start dealing with agents and negotiating.
Selling agents are masters at [...]
How to Value the Top End in this market
BY Mal James 24th September 2011
Recently we gave a talk to more than a hundred high net worth individuals at the Sandringham Yacht Club for Peter Wilson of Godfrey Pembroke where we involved the participants in a hands-on exercise that introduced them to “valuing” high end homes.
There were three steps to the process. First we asked them to give [...]
Solid demand on very low numbers is pushing prices past conservative expectations
BY Mal James 24th September 2011
Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
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BUYER TESTIMONIAL
It was Pauline's first conversation with Gina on Monday night that helped convince us that buying so quickly was actually possible Hi Gina and Mal,
We just wanted to drop you a note to thank you for helping us to buy yesterday. We couldn't have managed it without you and we were very impressed with your research, support and of course, work at the auction itself.
The week...
Pauline Lee James Harris
warrandyte
Pauline Lee James Harris
warrandyte
Buyer Masterclass
EARLY WINTER DEMANDS A CHANGE OF TACK...
BY Mal James
With Easter 2012 over, many of you will be suffering withdrawals not just from chocolate but also from information about the property market – a...
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