Port Phillip – Weekly | Archives


Minimal Action

Minimal Action

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Nothing much happening – as expected for this time of year

Nothing much happening – as expected for this time of year

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Strong day in Port Phillip with 67% clearance rate at $M+ auctions

Strong day in Port Phillip with 67% clearance rate at $M+ auctions

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact [...]
Mixed day after a couple of solid weekends

Mixed day after a couple of solid weekends

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and [...]
A really positive day in Port Phillip – solid market – good activity.

A really positive day in Port Phillip – solid market – good activity.

Elwood 20A Docker – Justin Follett - Sold before Auction – in fact in week one of the campaign. Quote $2,000,000 plus – bought for $2,500,000- interstate buyer. Elwood 16 Wave – Chisholm and Gamon and Pride Real Estate. On the market since Christmas and sold this week. Good home, just had to get the price [...]
A couple of good weeks of auction stock ahead

A couple of good weeks of auction stock ahead

Key Points: We have noticed not only this week, but over the last six months, that $3.M+ properties in the City of Port Phillip, in particular those properties on Beaconsfield Parade, Marine Parade and Beach Street, have really struggled to sell at auction. Not one of the seven auctions I have attended over the last [...]
Unlike many areas on Saturday, Port Phillip had a bit of action this weekend

Unlike many areas on Saturday, Port Phillip had a bit of action this weekend

Matthew Young, Buxton (St Kilda): “The weekend of the 21st and 28th of May are looking to be Super Saturdays.
Despite Grand Prix and Easter there has been a bit of action in Port Phillip this month

Despite Grand Prix and Easter there has been a bit of action in Port Phillip this month

St Kilda, 367 Beaconsfield, a ripper property, finally sold with Andrew Macmillan for about half the initial very ambitious asking price after a long time on the market, with a number of different campaigns and agents. Albert Park, 62 Barrett St (Peter Simmons) a  three bedroom Victorian single fronted with parking, showed that if the quality is [...]
Not a lot of excitement with Grand Prix finishing and Easter starting

Not a lot of excitement with Grand Prix finishing and Easter starting

Agent Q & A : How does current pricing compare with the same time last year? Nick Yannopoulos, RT Edgar, Albert Park: “The intensity at auctions and buyer enquiry has certainly dropped over the last year particularly in the top end of the market. However outstanding homes in premier locations are still going strong as it [...]
New stock is limited and being taken up by auction buyers

New stock is limited and being taken up by auction buyers

Key Points: There is not a lot of new stock on offer due to Grand Prix interruptions and now we have Easter approaching so lean times for new offerings. Nothing approaching or over $2m reported as bought in the last week. Damian O’Sullivan, Marshall White, Albert Park: “We feel the market is very balanced at the moment as [...]
With the Grand Prix – 3 sell out of only 4 key $M+ auctions

With the Grand Prix – 3 sell out of only 4 key $M+ auctions

Agent Q & A: Has the market changed since before Labour Day weekend? Kaine Lanyon, Marshall White, Albert Park: “We haven’t noticed or sensed any change in the market since prior to the Labour Day weekend.  The overall market appears to be quite well balanced. That is, well and fairly priced property is transacting consistently, [...]
Very solid with 13 from 17 being bought today or 76% Clearance

Very solid with 13 from 17 being bought today or 76% Clearance

Key Points: Port Phillip the star performer today and especially solid in that early one million bracket Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below Agent Q & A:“What is your take on the Economist’s article that Australian [...]
So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

Key Points: The overpriced are as cold as ice in Port Phillip right now. No bites, no action – as evidenced by the pass-ins of yesterday and the first two weeks of this market. Overall the year has started better than anticipated but pass-in vendors will need to adjust if they want to attract buyers. I went to [...]
Lacklustre on what we saw – but still at 60% Clearance Rate

Lacklustre on what we saw – but still at 60% Clearance Rate

Agent Q & A: “Do you feel there is currently a big difference in the results of sales of lower end ($1m) properties as opposed to those of higher end ($2m+) homes? Yes or no, and why?” David Lack, Biggin & Scott, Port Melbourne: “Properties in the $1m to1.5m range are being well inspected and eagerly contested, whilst properties [...]
Not a lot to report first day back

Not a lot to report first day back

Key Points: The two big ones over $3m didn’t get a bid – Mary St and Beaconsfield Pde, and the $2m Mary St only had one bidder Off Market – Andrew Stuart gets a big one away in Kerferd Rd for $4,900,000 Agent Q & A: How have you found non-auction sales so far this year? Matt Young, [...]
Very solid today – bidders on all bar one auction we attended

Very solid today – bidders on all bar one auction we attended

Key Points: A big day auction-wise in Port Phillip with more than 20 $m+ properties up for grabs. We reported on seven – four of those were bought under the hammer and one shortly after auction. The biggest sale was at 107 Richardson St, Albert Park (Oliver Bruce, BenMac) which sold under the hammer for $2,322,000, with 5 [...]
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BUYER TESTIMONIAL
Many friends and family have asked us why we paid for help to find and buy our new house and more importantly they ask 'was it worth it?', we answer with a unanimous 'best money we ever spent!'. Kristen and Mal helped us by
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Negotiating on a property is all about balancing the risks with the rewards. In your quest for the reward of buying your dream home, you might run the...

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