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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 [...]
A Market of Differing Opinions

A Market of Differing Opinions

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 26% Lone Rangers ($M+ auctions with one bidder) 13% Norms ($M+ auctions with 2 [...]
Market Feels A Bit Quieter at the Top End

Market Feels A Bit Quieter at the Top End

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 61% on the 23 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2. Given there were very few auctions this weekend because of the Easter campaign interruptions, we are not reading too much into these stats. Overall Summary [...]
Pre-Easter Market Really Motoring Along Now

Pre-Easter Market Really Motoring Along Now

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. (Note that we have included an auction from Thursday night.) This weekend the market continued on its merry way – lapping up WOW homes and [...]
Balwyn – not Toorak or Brighton – saw 40% of this weekend’s $3m+ sales

Balwyn – not Toorak or Brighton – saw 40% of this weekend’s $3m+ sales

At 6.00pm Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Both stats are up on the last few weeks. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Market Continues to Alter its Trajectory

Market Continues to Alter its Trajectory

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 68% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2 Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 23% Lone Rangers ($M+ auctions with one bidder) 17% Norms ($M+ auctions with 2 [...]
Interested in Expressing Interest?

Interested in Expressing Interest?

With the break in traffic due to last week’s long weekend, how did we finish up this weekend after the shaky Second Super Saturday a fortnight ago? At 6.00pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 66% on the 35 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7 Overall Summary [...]
Second Super Saturday in seven days and the upper auction market burps

Second Super Saturday in seven days and the upper auction market burps

At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45  auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Market Summary On the face of it that was a big drop from last weekend’s “red zone” numbers. We agree – but it should be noted that our [...]
2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!

At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
The Auction Pre-Season has Started!

The Auction Pre-Season has Started!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.8. It’s good to be back and around the auction scene again. The highlight this weekend was that half  the auctions we covered had three [...]
2014 Has Started and It’s Still Hot!

2014 Has Started and It’s Still Hot!

How was your Christmas and New Year? Was it as busy as the upper end market seems right now? Welcome to 2014. Please note there was a very small number of $1m+ auctions today – we covered the main three. All Bidderman, Clearance Rates and Stock Graphs will not be working until February 22. We are starting Marketnews [...]
An up and down end to 2013

An up and down end to 2013

At 6.00pm on Super Saturday the James Clearance Rate for Melbourne’s $M+ property was 62% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8 – down on last week. Ducks (no bidder auctions) – 24% Lone Rangers (1 bidder auctions) – 18% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ [...]
Back in the Red Zone!

Back in the Red Zone!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 79% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. That’s a big rebound from last week. But the stock was very different and we saw a lot less properties above $3 million. It [...]
Lots of Stock Splintering the Market

Lots of Stock Splintering the Market

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 53% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.3. This market is really splintering down the middle, and this weekend’s stats show this starkly. When you’ve got a clearance rate down to 53%, [...]

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