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So how did the market start?

So how did the market start?
At 6.00 pm the James Clearance Rate was 66% and Bidderman, our bidders per auction measurement, was 2.2. Well, here we are knee-deep in the thick of it. This was a borderline Super Saturday, as is early next week, meaning we have around 150 scheduled Million Dollar plus auctions in Inner East and Bayside. We say borderline [...]
Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
Overall a Good Finish to the Year 2012!

Overall a Good Finish to the Year 2012!

At 6pm on Saturday, the James Clearance Rate for $M+ was 58% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Today was back to a little quieter in terms of clearance rates, but there were some very strong results in terms of bidder numbers. Overall [...]
The bounce is continuing in the later spring market.

The bounce is continuing in the later spring market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market. $M+ Clearance Rates: Boroondara – 88% on [...]
More subdued this week – even if the stats suggest otherwise

More subdued this week – even if the stats suggest otherwise

At 6pm on Saturday, the James Clearance Rate for $M+ was 67% on the  31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. While the stats mightn’t show it, things were definitely quieter this weekend than a few weeks ago. We found the bidding more subdued, but we think [...]
Lack of exciting stock on the market brings on a quieter weekend

Lack of exciting stock on the market brings on a quieter weekend

At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. That low Bidderman rate reflects how the market felt this weekend – quiet. This lack of activity is hardly unexpected given that the Melbourne market is [...]
Did it Suck or did it Sizzle? We think it Sizzled!

Did it Suck or did it Sizzle? We think it Sizzled!

At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad! Ducks (no bidders):14%    Lone Rangers (1 bidder):27%  Norms (2 [...]
Maybe now is the time to see the glass half full, rather than half empty.

Maybe now is the time to see the glass half full, rather than half empty.

At 6pm on Saturday, the James $M+ Clearance Rate was 61% across the 31 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. While those figures did not represent a noticeable improvement in the stats, we think the market has shifted to a positive note in the last fortnight as you will see [...]
Stock on the Up. Quoting on the Down!

Stock on the Up. Quoting on the Down!

At 6pm on Saturday, the James $M+ Clearance Rate was 72% across the 25 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction. Welcome back!  So, what do we have now? – What’s been happening? – Where is the market at? – What’s in front of us? This week was really about brushing off [...]
Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.

At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]
What is going on at some Inner Melbourne Auctions?

What is going on at some Inner Melbourne Auctions?

At 6pm on Saturday, the James $M+ Clearance Rate was 62% across the 26 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Given the small sample this weekend (50 or so auctions at $m+) and the ‘iffy’ quality of some of the stock, we are not forming any real opinion on [...]
That’s more like it – some good news this weekend!

That’s more like it – some good news this weekend!

At 6pm on Saturday, the James $M+ Clearance Rate was 75% – yep that’s 75% across the 28 auctions we attended. The Weekly Review Bidderman was 2 bidders per auction. WOW, what a difference a week makes! Sure, it may be a statistical anomaly and the sample is small – but it’s the first day of [...]
The Double H Price Disease – History & Hope

The Double H Price Disease – History & Hope

At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
The Banks are starting to pull the market strings!

The Banks are starting to pull the market strings!

At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.  Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]

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