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$M+ Market is up 10% on last year – a fairly unanimous opinion.

$M+ Market is up 10% on last year – a fairly unanimous opinion.
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 67% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 31% Lone Rangers (1 bidder auctions) – 6% Norms (2-3 bidder auctions) – [...]
A little bit of a lull in exciting homes.

A little bit of a lull in exciting homes.

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 2.2. In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 20% Lone Rangers (1 bidder auctions) – 20% Norms (2-3 bidder auctions) [...]
Back after a spell and it’s steady as she goes

Back after a spell and it’s steady as she goes

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9. Market Summary Welcome back after the Easter break. Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
This market continues to be very, very strong.

This market continues to be very, very strong.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 70% on the 37 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Bidderman is really the best measurement of demand going round and it seems to be steady this year, having risen significantly from last year. It [...]
Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
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 [...]

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