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Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.
At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]
What is going on at some Inner Melbourne Auctions?

What is going on at some Inner Melbourne Auctions?

At 6pm on Saturday, the James $M+ Clearance Rate was 62% across the 26 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Given the small sample this weekend (50 or so auctions at $m+) and the ‘iffy’ quality of some of the stock, we are not forming any real opinion on [...]
That’s more like it – some good news this weekend!

That’s more like it – some good news this weekend!

At 6pm on Saturday, the James $M+ Clearance Rate was 75% – yep that’s 75% across the 28 auctions we attended. The Weekly Review Bidderman was 2 bidders per auction. WOW, what a difference a week makes! Sure, it may be a statistical anomaly and the sample is small – but it’s the first day of [...]
The Double H Price Disease – History & Hope

The Double H Price Disease – History & Hope

At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
The Banks are starting to pull the market strings!

The Banks are starting to pull the market strings!

At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.  Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
Catch a falling star

Catch a falling star

At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended. The Weekly Review Bidderman was 1.4 bidders per auction. Market Summary The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
Brushing off the winter cobwebs (sort of)

Brushing off the winter cobwebs (sort of)

At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended. The Weekly Review Bidderman - 1.8 bidders per auction. Market Summary Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
Clearance Rate Fillip Belies General Frostiness

Clearance Rate Fillip Belies General Frostiness

At 6pm on Saturday, the James Clearance Rate for $M+ was 66% on the 29 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. Clearly there was a distinct improvement in the number of minds meeting in terms of price this weekend. But we believe that in June 2012, despite lower stock [...]
The Winter of Waiting?

The Winter of Waiting?

At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
It wasn’t just the weather that was cold this weekend.

It wasn’t just the weather that was cold this weekend.

At 6pm on Saturday, the James Clearance Rate for $M+ was 57% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was a very weak 1.1 bidders per auction. Market Summary: It wasn’t just the weather that was cold this weekend – so was the general mood at auctions across the board. [...]
The biggest auction of the year!

The biggest auction of the year!

At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 32 auctions we attended. That figure has been fairly consistent all through May. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction, which has also been consistent throughout May. $M Auction Stock levels were around [...]
This market is more consistent than it appears!

This market is more consistent than it appears!

At 6pm on Saturday, the James Clearance Rate for $M+ was 55% on the 31 auctions we attended, down on last week. The Weekly Review Bidderman, our demand indicator, was steady at 1.6. Market Summary: From the results over the past few weeks, it could be easy to conclude that the market is a bit all over [...]
Keen buyers snap up flush of quality properties

Keen buyers snap up flush of quality properties

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. There are buyers out there for the A graders and well priced B graders. Market Summary: We said last week the market was cool and it was. Agents were glum [...]
Market was cooler this weekend – especially in the $2m to $3m range.

Market was cooler this weekend – especially in the $2m to $3m range.

At 6pm on Saturday, the James Clearance Rate for the $M+  market was 55% on the 33 auctions we attended. The Weekly Review Bidderman, our demand indicator, was at 1.6 bidders per auction. Market Summary: Overall the market continues to show us that well priced quality homes have a very solid following – as you’ll [...]

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