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Our bumper pre-winter issue – so much great info!

Our bumper pre-winter issue – so much great info!
This week in James Market News: (click on contents) 1. Market Commentary 2. May 3-Week Auction Challenge – Results are in… 3. Bayside and Inner East Auction Action 4. 2017 James Half Year Summary 5. Land Prices – 2010 – 2017 6. Negotiation Corner – Narrowed Focus 7. Inside James – and Off Markets 8. Younger Homebuyers – [...]
3-week Inner Melbourne Auction Challenge continues

3-week Inner Melbourne Auction Challenge continues

This week in James Market News:  Continuation of the James 3-Week 100 Auction Challenge Inside James Auction Action Call for Good Quoting Nominations of Agents At 6.00pm Saturday, the overall Inner Melbourne $M+ market results were a Family Home Clearance Rate of 88% on the 33 Inner Melbourne $M+ auctions we covered, combined with a James Bidderman (bidders per auction) @ 2.2 [...]
The word from the street – what is really going on?

The word from the street – what is really going on?

Happy Mothers Day to all our Mums – the real home decision makers. This week in James Market News: Market Commentary – Three-week Challenge of 100 reported auctions Auction Action – 33 auction results Inside James – buy-then-sell service and Mal’s auction observations At 6.00pm Saturday, the overall Inner Melbourne market results were solid, if you just look at the Clearance [...]
Housing Prices to Drop 7% and the Baloney

Housing Prices to Drop 7% and the Baloney

WOW, what a week in Inner Melbourne! Last Friday we had one active negotiation and by yesterday, we had eight. This is contrary to the talk of a tanking market so in our opinion piece this week, we examine closely the “evidence” used by The Australian to support their ‘Housing prices to drop 7%’ headline. You be [...]
More chance of a rise than a fall ……………

More chance of a rise than a fall ……………

It was a quiet-ish day today on market – off market is a different story – the auction biggies for May starting in numbers the week after next. At that time we will be focusing on James Bidderman (for any movement in demand) and any drop off from overseas buyers. Has all the talk of late begun to bite? This [...]
You think newly zoned land is the same – it’s not – it’s a $700,000 difference.

You think newly zoned land is the same – it’s not – it’s a $700,000 difference.

In James Market News today: Under Quoting – Only 8 more sleeps to go Todays auction action Off Markets Chris Richardson from Access Economics – Opinion Big Changes Part 2 – zoning and $700,000 difference on one block With the Easter break, very few auctions today, most of the activity is off market. We expect it be the same again next week, before we burst [...]
3 Cheers for Daniel Andrews and Consumer Affairs Victoria!

3 Cheers for Daniel Andrews and Consumer Affairs Victoria!

Welcome to Part 1, of the James Big 3 Reports on the changes in the $2M+ inner Melbourne market. In Part 1, we discuss the first change, under quoting. Parts 2 and 3 will be published in the coming weeks. On May 1st 2017, we will hopefully be entering a new era; one that will make our [...]
3 Melbourne Property Market Changes you need to know!

3 Melbourne Property Market Changes you need to know!

  The Inner Melbourne $2m+ Market is CHANGING.   “3 Big Melbourne Property Market Changes are/could be happening in the next month.” Mal James – James Buyer Advocates   At James Buyer Advocates we are preparing a special James Big 3 Report on changes and possible changes hitting the Melbourne Property Market in the next month. What do they mean to you, the buyer? To get [...]
What is THE ISSUE right now in 2017?

What is THE ISSUE right now in 2017?

It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 78% on the 23 Auctions we covered this weekend. Bidderman was back hovering where it has been for several years now – at 2.7 bidders per auction and on big auction numbers – meaning whilst 151 bidders bought, there were still another 313 bidders [...]
Bidder numbers felt a little light on this week. Young people, Mr Turnbull and a question to Mr Keating.

Bidder numbers felt a little light on this week. Young people, Mr Turnbull and a question to Mr Keating.

It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is still a very strong 83% on the 29 Auctions we covered today. However James Bidderman, that is bidders per auction, was only 2.1. What does this mean? Well it may just be a statistical anomaly – we had a lot of bought befores and we record [...]
Let’s face a home truth – the elephant in the room – population

Let’s face a home truth – the elephant in the room – population

Ferocious bidding on the right homes – despite this being the largest auction start to a year in Melbourne auction history – the market lapped it up, spat out a few and said ”feed me, feed me, give me more.” At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep [...]
Strong start in 2017? We think yes, despite some pass-ins.

Strong start in 2017? We think yes, despite some pass-ins.

Its 6.00 pm and the James Market News dials are back working this weekend, albeit on limited numbers. Bidderman was at 3 today (low sample), however we actually think that is reflective of the start we have seen on good homes. The James Clearance Rate was strong in the 80’s, even on the small sample of a [...]
Auctions still 2 weeks away – but off markets are happening now!

Auctions still 2 weeks away – but off markets are happening now!

JAMES AUCTION REPORT: 29 Rubens Grove, Canterbury – one of the very rare Top End auctions today. A big crowd of over 130 people gathered on both sides of this street today. Presiding was our Auctioneer Doug McLaughlin. His preamble described a 1920’s home on 1066 sqm in a family friendly street which has already seen most [...]
New Year’s Resolution – Be Smart on the Deal!

New Year’s Resolution – Be Smart on the Deal!

We were out and about again today – this time with Gina. It took time to find parking at all Open for Inspections as there were plenty of buyers window shopping – yes, all February auctions are online, but also most schools have started back this week too. The next 2 weeks should see March listings hit [...]
Welcome to 2017 – Back on the hustings today

Welcome to 2017 – Back on the hustings today

Clockwise visits today – no substitute for foot leather, listening, looking and listening again. 1st Slide Clockwise from top left: Malvern East:$2.5m?  – little cutie – no, not the agent John Manton – the house. Good crowds at the OFI. Hawthorn: $4m? Off -Market or Pre-Market? – good family home. Crowds – Only one! Armadale: $4m? Nice one – listening [...]

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