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Slight breather today – nearly 50% of auctions with only 1 bidder

Slight breather today – nearly 50% of auctions with only 1 bidder
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 1.9. Both Clearance Rates and Bidderman are down on the results we saw prior to the Melbourne Cup. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE. Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
All Market Indicator Dials are red hot!

All Market Indicator Dials are red hot!

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 82% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.3. Today was a Super Saturday – meaning these numbers have not been created by stock shortages. In fact there is a [...]
Stock, Stock, Stock and it’s Good!

Stock, Stock, Stock and it’s Good!

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.3. Both Clearance and Bidderman rates are solid as we head into two big auction weekends before the Melbourne Cup. How good is [...]
The Market is splitting as it normally does with the Spring Influx.

The Market is splitting as it normally does with the Spring Influx.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 65% on the 37 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement continued its impressive run at 2.4. Today we did cover a lot of $3M+ homes that needed some work  – and a lower clearance rate [...]
Is creating fear the answer, maybe addressing the issues is a better solution.

Is creating fear the answer, maybe addressing the issues is a better solution.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement continued its impressive run at 2.4. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 11% Lone Rangers ($M+ auctions with one bidder) [...]
Bidderman continues its stellar run leading into the Finals

Bidderman continues its stellar run leading into the Finals

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 37 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement continued its impressive run at 2.6. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 13% Lone Rangers ($M+ auctions with one bidder) [...]
After a few quieter weekends, this one was a major volcanic eruption!

After a few quieter weekends, this one was a major volcanic eruption!

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at a whopping 2.6. Only twice this year can we remember it higher. Sure it’s only one day, and maybe it’s the weather, but [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
The market is back and the signs point to strength

The market is back and the signs point to strength

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. This weekend’s first run of the high end auction market after a good spell in July saw a “strongish” start on limited [...]
Last auction hurrah before winter sets in

Last auction hurrah before winter sets in

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 63% on the 27 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Both figures are down on last week. In contrast to last week’s strong results and high number of bidders, we were [...]
Bidders out in force on a big weekend

Bidders out in force on a big weekend

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 28 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.9. Not only is that higher than we’ve seen in a long, long time (we’ll have to check our records) it is [...]
Super Saturday..Again!

Super Saturday..Again!

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.9. Next weekend there will be a break with the Queen’s Birthday weekend, leaving us only two auction weekends until the June/July school [...]
Some strength but lacking consistency

Some strength but lacking consistency

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Market back on the boil – for now

Market back on the boil – for now

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. Both measurements are solidly up. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 16% Lone Rangers ($M+ auctions with one [...]

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