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July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!
Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
Are you noticing the subtle changes of the differing PPP markets?

Are you noticing the subtle changes of the differing PPP markets?

  So at 6.00 pm the James Buyer Advocates Clearance Rate was 83% and James Bidderman was 2.5 bidders per auction on the 24 auctions we covered today. Mmmmm on the face of it very strong and it is; BUT…………….. Markets, markets, markets. During the week, before getting crunched at today’s 507 Royal Parade Parkville auction,  Craig Shearn [...]
$1million with a good decision today

$1million with a good decision today

The overall market felt stronger today, at the end of May, than it did at the start. We felt the market was drifting at the start and in the middle of May, but today the market was clear – price direction was strong. Bidderman depth on the 26 A and B grade auctions we covered today was [...]
The results are healthy, but it feels like we are drifting.

The results are healthy, but it feels like we are drifting.

May 2016 is showing we are in a market of increasing uncertainty, albiet a healthy one. We are in a market that is no longer a blanket. It is now increasingly a crocheted rug; meaning although there are holes opening up, there is still strength in the product. The market has been flattening since mid Spring of last year. The [...]
The market is showing clear signs of rejecting overpricing.

The market is showing clear signs of rejecting overpricing.

Today is a special report – we decided to focus on B and C graders and see how the market viewed them. While not all homes in our reports are B or C graders, there is a greater skew than normal to B and C grade homes in our stats. WOW you are saying, but WOW I’m [...]
We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

The Inner Melbourne market is showing a return to normality as evidenced by a healthy, but not stratospheric clearance rate of 68 today. Having said that, there is a feeling of subdued excitement amongst agents (listing ok for June) and buyers (Bidderman 2.5 on big stock numbers today) as sellers appear to be coming out of hibernation [...]
In some sections, the market hiccuped a little today

In some sections, the market hiccuped a little today

At 6 pm the James Clearance Rate was 73% on the 30 auctions we covered. Bidderman dipped to 2 bidders per auction. With a lot of stock on offer, we interpret these stats as a hiccup, more so than a radical change – but nonetheless a change could be on – see our references to B and C graders [...]
2016’s Opening Market is (…..drum roll)

2016’s Opening Market is (…..drum roll)

2016’s Opening Market is …..drum roll … Pumping…….Strong …….Rocking. There’s no doubt and no other way to really describe it. We’ve had three big auction weekends in a row, with today a virtual Super Saturday and the market has spoken. 2016 has started with a real bang. The only difference between 2016 and 2015 is the [...]
Still good!

Still good!

It’s week 2 of our 3 week (Feb 20 +27 and Mar 5) 100 auction reporting marathon. Today was down on last week’s unbridled enthusiasm. However we did see a market that continued to show its depth and strength on the right homes. Just like late last year, today also had a clear dichotomy of interest between the A graders v [...]
We’re out of the blocks with 87% clearance rate and Bidderman at 3. Early days but WOW!

We’re out of the blocks with 87% clearance rate and Bidderman at 3. Early days but WOW!

(Above and below) 160 people witnessed this architectural masterpiece (working from a low base to a state of brilliance – Steve Domoney Architecture) sell under the hammer for $4,160,000. James Tostevin and 3 bidders. Google our James Home Rating – 2a Harcourt Street, Hawthorn East to read our detailed thoughts. Excuse me what did I read above, James Bidderman 3, James [...]
Everybody has got their finger in the air – testing for blow direction

Everybody has got their finger in the air – testing for blow direction

The Melbourne market is right now an area of uncertainty. No, that’s not code for the market is going down; it’s 50/50 that it actually may go up. Nobody really knows where we are going right now. Today is James Market News lite and a small sample as some of the dust comes off the gavels, [...]
G’day 2016!  The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

G’day 2016! The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

Welcome back to James Buyers Agents and Advocates 2016. We have started James Market News a little earlier than planned because we are experiencing solid market interest right here and now in January. SOLID START We have already been involved in substantial buys and sells this year (2016) and currently have seven homes in negotiation; with a [...]
Started 2015 like a runaway train – finished 2015 like an express

Started 2015 like a runaway train – finished 2015 like an express

We started 2015 like a runaway train. I remember vividly giving advice on a Kooyongkoot Road property – All I did for three weeks before the auction was apologise to our client as I revised our price estimates up 5%, then another 10% and finally another 10%. The home that in December 2014 I thought would nudge $4,000,000 if [...]
Balwyn Calling – International Asian Demand showing the real signs of easing!

Balwyn Calling – International Asian Demand showing the real signs of easing!

Special Edition – James International Demand Report for Inner Melbourne $M+ housing Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market. James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
News of my death may be greatly exaggerated

News of my death may be greatly exaggerated

The market is not as bullish, as urgent, or as downright insane as it was from February to May, even June of this year. Is this really a true statement? In many cases we are 20% above the start of the year. Is the market’s outward intensity less about dollars and bidding and more about that, we [...]

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