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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 [...]
It’s going to be a white (hot) Christmas

It’s going to be a white (hot) Christmas

Welcome to our 2016 Bumper Christmas Edition. In this, our last article for 2016 – the key to good sex, nothing about that American bloke and a segment on how to get $70,000 for free every year. Plenty of positives, but apologies we don’t seem to have any fake news! And to the Inner Melbourne Market. Wow, what a finish [...]
Struggling to see the sense in only considering land + build? Me too!

Struggling to see the sense in only considering land + build? Me too!

Big day today for auctions and, despite the fact that this year we are dealing in more properties away from auction than at auction – as a company we were involved in nine today – I’m zonked. We could not cover as wide a cross section of auctions (only 20) as it was all hands on [...]
We’ve got No Trumps today

We’ve got No Trumps today

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is 88% on the 26 Auctions we covered today. James Bidderman, that is, bidders per auction, is 2.8. Super Strong. Big numbers of bought befores and look at the Volcanoes 48%. That means every second auction had 4 or more bidders and how about this; there were 15 bidders [...]
Have you been Powerlifted today?

Have you been Powerlifted today?

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 74% on the 31 Auctions we covered today – the same as last week. James Bidderman, that is bidders per auction, was 2.2 bidders per auction – the same as last week. Two things we saw today 1. Some huge Powerlifting of prices at post auction pass-ins – [...]
The Market is not all about the Auction

The Market is not all about the Auction

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 74% on the 23 Auctions we covered today – solid. James Bidderman, that is bidders per auction, was 2.3 bidders per auction – also a solid number. Interesting to note the spread across the board, at the Top End, was fairly even between ducks/lone rangers, norms and [...]
What is really happening!

What is really happening!

Rock solid… Prices have flattened out over the past 12 months, which means buyers and sellers have a stable environment to transact at the moment. Tim Heavyside I reckon the market is patchy. There is a nervousness about it. A bit like the start of a marathon race. Buyers are lining up ready to go but are [...]
Still some very hot ones, but a few a little chilly.

Still some very hot ones, but a few a little chilly.

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a very solid 83% on the 29 Auctions we bid at or reported on today. James Bidderman, that is bidders per auction, was a little light on compared to recent weeks at 2.1 bidders per auction and there were a large number of bought before [...]
More strategic pass-ins and bought afters today

More strategic pass-ins and bought afters today

At 6.00pm Saturday, the James Million $+ Inner Melbourne Clearance rate was 85% – with a noticeable difference of more pass-ins and bought after’s. It’s safe to say, that in some cases, these were strategic pass-ins to a bidder which agents had singled out for special treatment. We say that, because Bidderman was still a healthy 2.55 [...]
We are now buying a third of our homes off market

We are now buying a third of our homes off market

At 6pm the James $M+ Auction Clearance Rate was 83% on the 29 auctions we reported and bid on today. James Bidderman continues to be very strong at 2.8 bidders per auction. The homes today seemed to be either bought before or under the hammer with volcanic bidding (4+ bidders). In fact just on 50% of the auctions we reported [...]
Downsizers New v Old – A clash of generations!

Downsizers New v Old – A clash of generations!

What is starting to interest us, is the real change in what young people are looking for. Young people are The New Downsizers - even before they’ve upsized. Young people are the new downsizers in expectations, in mortgage commitments – $2m or $3m mortgages for many, are neither desirable nor manageable. Many in the younger generation want to travel, [...]
Market has started like a fire engine not a delivery truck.

Market has started like a fire engine not a delivery truck.

At 6.00 pm today the Melbourne market of late Winter has made a strong statement, with a James $M+ Clearance Rate of 88% and Bidderman a whopping 3 bidders per auction on the 25 auctions, we bid at or reported on today. The Inner market has started out of the blocks in a hurry – based in part, on [...]

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