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Scotch Hill home of 600 sqm doubles in 3 years.

Scotch Hill home of 600 sqm doubles in 3 years.
1. Bidderman has shifted from Mid 2s to Low 2s per auction while clearance rates remain steady. That could be significant – but big stock numbers right now – so not making any sweeping statements. 2. The market continues to be driven from the Top Down. The Top 3 auctions we covered today had 11 bidders. [...]
We focused on the biggies today and it was more solid than we thought it would be!

We focused on the biggies today and it was more solid than we thought it would be!

We really thought last week the slide may be on. We really thought we may be moving from a blanket market to a crochet rug market (you know the one with holes). However today, there weren’t that many holes. Ducks shrunk from last week and Bidderman rose. No it wasn’t that we had a heap of volcanoes distorting [...]
The Rise of the Duck

The Rise of the Duck

Hey, just when you started to think it was getting boring – you may, just may be in for a surprise over the next few weeks. So what happened this week? 1. Some buyers were still getting smashed by a strong Bidderman on the A-graders (Price, Property or Position) 2. Some buyers paid big numbers on some pass-ins – surely not [...]
A noticeable quietening in the buzz at OFI’s this week.

A noticeable quietening in the buzz at OFI’s this week.

Clearance rates high (a Jeremy Fox late sale in made it 84%) – but the urgency didn’t feel as intense this week – possibly due to the large influx of new spring stock. Bidderman was down – last week was really strong; it really was, this week was solid but weaker. At the Top End there is less noise – [...]
Are our banks being fair to locals?

Are our banks being fair to locals?

We know the papers keep telling us the market is on the wane, it’s getting cold, the “bubble” is bursting; but we’re sorry, we still don’t see any bubble and we don’t see any bursting. Today on the 8th of the 8th – we covered 35 of the approximately 140 $M+ auctions across Inner East and Bayside Melbourne; that’s right 35; [...]
The land was worth less with a nice home on it!

The land was worth less with a nice home on it!

James Market News Lite again. Talk of a quietening market, in a our opinion, is a little premature on what we saw today. Yes, clearance rates are down – but that is normal for this time of the year, as the real quality auction stock doesn’t come out in large numbers until either side of the [...]
Bubble Talk??

Bubble Talk??

6.00pm Saturday July 25, 2015 Very few auctions today, so Market News Lite $M+ Clearance Rate 63% (16 auctions – unreliable sample size) Bidderman 2.3 (16 auctions – unreliable sample size) Ducks 6% Lone Rangers 25% Norms 44% Volcanoes 25% Welcome back to James Market News and James Buyer Advocates after the traditional July sojourn. We are halfway through the year and halfway through the [...]
Solutions for Young Homebuyers – Bumper Winter Issue

Solutions for Young Homebuyers – Bumper Winter Issue

6.00pm Saturday June 20th – Mid Term Report Market is in wind down mode re new stock, as most good agents are beginning to break for winter school holidays. Next week is the last serious week of auctions, until early spring. Any market read on any winds of change, won’t be meaningful until September, when larger numbers [...]
Young Homebuyers Issues & Solutions

Young Homebuyers Issues & Solutions

James Market Summary The Inner Melbourne Market is beginning its wind down into the traditional July Winter break. Look at our forward auction stock graphs to the right – most are beginning to shut up shop. Bidderman was down today, however stock quality has also noticeably eased this month. More pass-ins than we have seen for a while, which is [...]
The New Normal

The New Normal

James now Smartphone Optimised for easier reading – click horizontal bars in top left hand corner of  iPhone James Market Summary 6.00 pm Saturday May 23rd $M+ Clearance Rate 79% (29 auctions) Bidderman 2.4 Ducks 10% Lone Rangers 14% Norms 48% Volcanoes 28% $M+ Market remained very strong. Significant drop in Bidderman – Is today a statistical anomaly or market easing or indeed simply more buyers placing more [...]
Volcanoes are changing the landscape – as they do!

Volcanoes are changing the landscape – as they do!

James now Smartphone Optimised for easier reading – click horizontal bars top left hand corner of Iphone $1 million dollars more: So what do you do when across the road – same land size and same house sells late in 2014 for $1,900,000 – why you pay $1 million dollars more when Asian buyers duke it out to [...]
It’s Easy to Throw in the Towel – Don’t.

It’s Easy to Throw in the Towel – Don’t.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 93% on the 29 auctions we covered. The James Bidderman, our bidders per auction measurement was at 3.2. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 7% Lone Rangers ($M+ auctions with one bidder) 11% Norms ($M+ auctions with 2 [...]
Over Half! Yes over half the auctions today were Volcanoes.

Over Half! Yes over half the auctions today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 92% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 3.4. Market Summary The overall market is clear at the start of the May run. The strongest James Bidderman and James $M+ Clearance Rate combination [...]
50% of the homes are still being bought by local buyers – there are solutions

50% of the homes are still being bought by local buyers – there are solutions

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1. Market Summary – Market News Lite Version There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 90% on the 30 auctions we covered. James Bidderman, our bidders per auction measurement continues to be through the roof on big stock numbers at 2.9. Hello, did we write 90% on big auction numbers  and Bidderman nearly 3 – is this real? [...]

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