BY MAL JAMES 24th March 2015
$3 million-plus market is now driving markets at the lower levels: The Higher the Asking Price the more Bidders.
Our overall Inner Melbourne market is being driven by Overseas Interest (of course not on every home) – we all know that. But what is of further interest is the flow on effect to the lower parts [...]
BY MAL JAMES 28th February 2015
Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating.
4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]
BY MAL JAMES 22nd November 2014
Week Ending November 22
The Very Top End of Town in 2014
Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER.
In the last month we have purchased 13 [...]
BY MAL JAMES 25th October 2014
Week Ending Saturday, October 25
James Buyer Advocates are busy:
Number of auction homes involved in buying this week was well into double figures.
Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
BY MAL JAMES 13th September 2014
Week Ending Saturday, September 13:
The Market is splitting as it normally does when adjusting to the Spring Influx of properties.
This week the market has sent buyers and sellers two very clear messages.
If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m range, then you have [...]
BY MAL JAMES 1st September 2014
Week Ending Saturday, August 30
There has been an underlying strength since October 2012, but right now it looks like it has gone up a notch again, as evidenced by Bidderman and Clearance Rates today. Over the last year or so we have talked about the staircase market in the Inner Melbourne Auction Scene; meaning for [...]
BY MAL JAMES 22nd June 2014
Week Ending Saturday, June 21
As we head into the winter break, it’s worth reflecting on how the market has performed so far this year. What we saw this weekend was a continuation of an extraordinarily up and down year. We’ve had a slew of Super Saturdays, weekends when it looked like the market had gone [...]
BY MAL JAMES 27th May 2014
Week Ending, Saturday, May 31
A String of Super Saturdays
In the last 18 months or so, there has been continuous growth in the market, with steady demand and supply levels. Today was the second Super Saturday in seven days, with 176 auctions above the $1 million mark, after last weeks 145 or so. That comes after a [...]
BY MAL JAMES 8th April 2014
Record Midweek Bayside – Wow!
If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
BY MAL JAMES 30th March 2014
Saturday, March 29:
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]
BY MAL JAMES 25th November 2013
Week Ending Saturday, November 30
Port Melbourne, 25 Beach Street, Oliver Bruce (Marshall White), after auction, $5,175,000, 4 bidders
Over 80 people poured into the kitchen/living area of 25 Beach street, Port Melbourne today to see Oliver Bruce put the home to auction…(See More in Auction Reports)
South Yarra, 17-19 Alexandra Avenue, Tim Derham (Abercromby’s), after auction, [...]
BY MAL JAMES 14th October 2013
Week Ending Saturday, October 26 – Super Saturday!
It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything.
Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day [...]
BY MAL JAMES 19th September 2013
The first week of September was all about the Federal Election. Auction activity returned to full swing on September 14. There were four auctions in Melbourne over $3m. See details below.
Week Ending September 14, 2013
Toorak, 10 Yarradale Road, Tim Derham (Abercromby’s), under hammer, $4,840,000, 4 bidders
80 or so are comfortably gathered in the backyard [...]
BY MAL JAMES 17th August 2013
Week Ending Saturday, August 31
Toorak, 6 Heymount Close, Justin Long (Marshall White), under hammer, $4,050,000, 3 bidders
Justin Long backed up from success across Toorak Rd to auction this 1970s SJB home in a quiet and well manicured Toorak cul de sac…(See More in Auction Report)
Armadale, 134 Kooyong Road, Mark Wridgway (RT Edgar), [...]
BY MAL JAMES 24th May 2013
Week Ending 18th May
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]