BY MAL JAMES 23rd December 2016
If I told you buying a home at $20,000,000 is more about trust than money, would you believe me?
Maybe, maybe not.
Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End.
Towers Road, Toorak (Marcus Chiminello)
Bought 2016: James Home Rating 942/1000
Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy Fox)
BY MAL JAMES 1st May 2016
The BIG question for the next two months before the July winter hiatus is………Price.
Will seller expectations match buyer expectations?
At auctions the answer appears to be a yes, but away from auctions (off markets) we are not so sure.
In our opinion, most market inaction away from auctions is due to sellers.
There is no doubt there are [...]
BY MAL JAMES 25th October 2015
1. More and more work is behind closed doors at this level. At James we buy more away from auction than under the hammer.
2. Where you start determines where you finish. So many buyers are framed or frame themselves at the wrong number. There is nothing transparent about a private sale, an EOI or an Off Market. [...]
BY MAL JAMES 30th August 2015
$3m+ is James Buyer Advocates bread and butter. We find the $3m+ market is normally a lot looser than the $1m+ market; meaning results vary more widely. This occurs for two key reasons:
1. Sellers have more flex on whether they will sell or not and often demand big prices and just wait – sometimes they [...]
BY MAL JAMES 31st May 2015
Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest)
As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
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 [...]