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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 [...]
In a nutshell the Super Saturday market was a little unconvincing today.

In a nutshell the Super Saturday market was a little unconvincing today.

It is important to note that we deliberately focused on the high-end today, as it is the canary in the gold mine. The Top End is where you will see the change (if any) first, as this current market is a Top End driven market. The Top End traditionally has the least depth of any [...]
Big Stock, Big Crowds, Big Results – it continues on.

Big Stock, Big Crowds, Big Results – it continues on.

Big Stock, Big Crowds, Big Results – the first of back to back Super Saturdays shows that the Inner Melbourne market is still rolling on. Bidderman down a tad from last week, but on huge auction numbers this week and next week, that is not significant. Clearance Rates still a whopping 80+%. Lets just focus on Bidderman for one [...]
Low Stock Auctions today – but a huge fortnight ahead!

Low Stock Auctions today – but a huge fortnight ahead!

The market continues to rock along (increase in Bidderman to 2.8). Look at the volcanoes today and we are coming into two huge weekends of action. Bidderman is defying gravity, by actually rising in a stock increasing market. However, lets see how Bidderman the Superhero goes next week and Super Saturday the following week. Speaking of stock [...]
11 bidders – 9 still wounded at $7m for big land in the Inner East

11 bidders – 9 still wounded at $7m for big land in the Inner East

11 bidders - 9 still wounded at $7m for big land in the Inner East
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; [...]

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