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The market continues to perform as a market should. There is interest in many of the Top End homes – as proven by two more homes bought for over $8m this week. It’s just, in many cases, taking a long time for two opinions to become one.

The market continues to perform as a market should. There is interest in many of the Top End homes – as proven by two more homes bought for over $8m this week. It’s just, in many cases, taking a long time for two opinions to become one.

The market bounced back this week, showing that buyers are keen to buy well priced good homes – especially when there is a lack of quality new stock on the horizon.

The market bounced back this week, showing that buyers are keen to buy well priced good homes – especially when there is a lack of quality new stock on the horizon.

Some doubt has crept into the $2m to $3m market. It seems the Reserve Bank rate cuts may have scared buyers rather than giving them a fillip. Or perhaps it’s all about the largely uninspiring new stock since Easter.

Some doubt has crept into the $2m to $3m market. It seems the Reserve Bank rate cuts may have scared buyers rather than giving them a fillip. Or perhaps it’s all about the largely uninspiring new stock since Easter.

The $M+ inner Melbourne market has little option but to remain solid for the moment, with Bidderman showing universal demand for market priced homes and new supply at a trickle in April. On top of this, new stock levels appear well down on initial selling agent expectations for May.

The $M+ inner Melbourne market has little option but to remain solid for the moment, with Bidderman showing universal demand for market priced homes and new supply at a trickle in April. On top of this, new stock levels appear well down on initial selling agent expectations for May.

Low Stock Weekend (Quality and Numbers). See our $3M+ Report  below for latest Top End Info and 3 x $10M+ deals in last week or so. James Market Insight and Auction Reporting Trends begin again 28th April

Low Stock Weekend (Quality and Numbers). See our $3M+ Report below for latest Top End Info and 3 x $10M+ deals in last week or so. James Market Insight and Auction Reporting Trends begin again 28th April

Buyers are buying and sellers are selling – people are making decisions. Overall, however, prices are still going sideways at best for most segments. What happens post the Easter Bunny is still the great unknown.

Buyers are buying and sellers are selling – people are making decisions. Overall, however, prices are still going sideways at best for most segments. What happens post the Easter Bunny is still the great unknown.

Auction activity dipped after the long weekend, but the quality of offerings was not high. Let’s see what the next two big auction weeks deliver before we say ‘yay’ or ‘nay’ to an ongoing improved market in 2012.

Auction activity dipped after the long weekend, but the quality of offerings was not high. Let’s see what the next two big auction weeks deliver before we say ‘yay’ or ‘nay’ to an ongoing improved market in 2012.

The market seems to be strengthening, with demand and clearances up noticeably this week on solid supply numbers. However last year started out like this too, and that turned out to be a short-lived upwards spike.

The market seems to be strengthening, with demand and clearances up noticeably this week on solid supply numbers. However last year started out like this too, and that turned out to be a short-lived upwards spike.

 
For the second week in a row there is some spark in the market. The next few weeks will tell us whether it’s a few isolated embers left over from Christmas or something with a bit more strength. Especially given 8 of the top 10 reported auctions over $2.5m passed-in.

For the second week in a row there is some spark in the market. The next few weeks will tell us whether it’s a few isolated embers left over from Christmas or something with a bit more strength. Especially given 8 of the top 10 reported auctions over $2.5m passed-in.

The phenomenon that became evident late in 2011 has continued in 2012. This weekend we counted 46 bidders at 31 auctions – so there is demand out there. But there was no evenness; five auctions had 50% of the bidders, averaging almost 5 bidders per auction. The other 26 auctions averaged just under one bidder per auction.

The phenomenon that became evident late in 2011 has continued in 2012. This weekend we counted 46 bidders at 31 auctions – so there is demand out there. But there was no evenness; five auctions had 50% of the bidders, averaging almost 5 bidders per auction. The other 26 auctions averaged just under one bidder per auction.

Our  2011 Annual Awards (and there is a big surprise), plus the 2011 Year in Review as we saw it; Price Wormie and its about Falling Prices; 5 of the Best Auctions we saw in 2011 and our Legends Insights on what happened in 2011. All this in our Bumper Final 2011 Edition.

Our 2011 Annual Awards (and there is a big surprise), plus the 2011 Year in Review as we saw it; Price Wormie and its about Falling Prices; 5 of the Best Auctions we saw in 2011 and our Legends Insights on what happened in 2011. All this in our Bumper Final 2011 Edition.

Today was not as bad as some may have thought – it remained stable at around 50/50. But the market still clearly remains a split one – strong demand on a few and light or no demand on the rest. We feel the current market is best described as a discerning buyers market.

Today was not as bad as some may have thought – it remained stable at around 50/50. But the market still clearly remains a split one – strong demand on a few and light or no demand on the rest. We feel the current market is best described as a discerning buyers market.

Increasing stock levels are dampening sellers’ mood but bringing a smile to many would-be buyers. The pre-Christmas question is: will these buyers recognise this as an opportunity to act, or a reason to delay?

Increasing stock levels are dampening sellers’ mood but bringing a smile to many would-be buyers. The pre-Christmas question is: will these buyers recognise this as an opportunity to act, or a reason to delay?

This weekend saw some homes with a lot of bidders and some without any. The stats are stark: 5 of the 26 auctions we reported on had a combined 27 bidders – i.e. over 5 bidders each. The other 21 auctions had a combined 14 bidders – less than 1 bidder per auction.

This weekend saw some homes with a lot of bidders and some without any. The stats are stark: 5 of the 26 auctions we reported on had a combined 27 bidders – i.e. over 5 bidders each. The other 21 auctions had a combined 14 bidders – less than 1 bidder per auction.

The market mightn’t appear great on paper but quality well-priced Top End properties are still selling well. Those that aren’t, are so far away from a sale it’s not funny. Big price drops are happening for those that price incorrectly and are then finding they have to sell a few weeks later.

The market mightn’t appear great on paper but quality well-priced Top End properties are still selling well. Those that aren’t, are so far away from a sale it’s not funny. Big price drops are happening for those that price incorrectly and are then finding they have to sell a few weeks later.

Read our $3million plus section on The Mexican Wave for $5M+ Tennis Courts.  Super Saturday Scoreboard and auction results below. Gone to the races today – back next week!

Read our $3million plus section on The Mexican Wave for $5M+ Tennis Courts. Super Saturday Scoreboard and auction results below. Gone to the races today – back next week!

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