BY GINA KANTZAS 17th May 2014
Last week, we mentioned some hesitation about where the market was heading since Easter. But this week we are left with little doubt that strong demand exists. More and more confident vendors are listing their properties quietly (Off-market) to capture the demand. Or will these tests turn into more listings for June or perhaps [...]
BY GINA KANTZAS 10th May 2014
What a difference a week can make! Unlike the busy crowds we saw during the cold and rain of recent weeks, this week’s mid-week opens were quiet and we had plenty of time to talk with buyers and agents alike. Is it that all the new stock was inspected during the preceding two weeks [...]
BY GINA KANTZAS 3rd May 2014
During the term break we have been busy talking to agents about some successful deals on properties before they hit the marketplace. With the new sales quarter underway, buyers may be noticing more sale signs about. The backlog of listings after the break are now getting going and a steady stream will hopefully continue [...]
BY GINA KANTZAS 5th April 2014
There were three Super Saturdays before the end of March this year – it has been a busy start. During February and March we covered around 50 auctions; 30 homes were bought on the day, 6 were snapped up beforehand while the rest were passed in, though a couple of these found new owners [...]
BY GINA KANTZAS 29th March 2014
Opens were busy this week as buyers made their decisions whether to bid before the Easter break or wait for the next round of marketing campaigns for May auctions. And when we look to May, we see an unbroken run of weekends and agents happy with their stock levels. Until then, the focus in [...]
BY GINA KANTZAS 22nd March 2014
There has been a significant increase in our enquiry levels since the period around the long weekend, which felt like a “lull” in the market. A feeling of doubt pervaded the market with questions around – Would prices continue to rise? and Would there be another influx of good properties?
Well there definitely has been [...]
BY GINA KANTZAS 15th March 2014
There were a whole bunch of new listings this week for the second half of this first quarter. And so we now see more choice in the $1m – $2.5m range. Interestingly, we noticed quite a few back on line which only recently sold last few years and in 2013. Completing your due diligence [...]
BY GINA KANTZAS 1st March 2014
A mixed bag of results today. Of the 10 auctions we reported today, 5 passed in and 2 were bought before. It certainly didn’t feel like last week’s Super Saturday.
Currently, there is not much on offer for family homes in Stonnington between $1m – $2.5m, unlike other councils where buyers are comparing their options. [...]
BY GINA KANTZAS 22nd February 2014
Some big results at our first auction weekend in Stonnington last week – big in terms of numbers of bidders and how they bid.
At 14 Balmerino, Ave Toorak (James Tomlinson, Marshall White) there were 5 bidders with the buyer having been an underbidder last year.
Speaking with James this week and he suggested that at [...]
BY GINA KANTZAS 15th February 2014
As I reflected on the week that was whilst preparing for gameday (Saturday bid auctions) , I recognised that there is nothing new in terms of listings on the web. However talk continued about off-market properties and, perhaps more importantly for most buyers, of prospective new listings.
After speaking with buyers again this week, it seems [...]
BY GINA KANTZAS 8th February 2014
After working until Christmas Eve, I took almost 4 weeks off during the school holiday period (the longest holiday I’ve enjoyed in years although I’m not sure how joyful my kids were having me around so much) only to return to a “busy” feeling market. You know that type of busy when results [...]
BY GINA KANTZAS 30th November 2013
The feeling is that the end of the year is pretty much here, with only two weekends of auctions left after this one – 40 auctions next week and 22 the week after.
The list of remaining auctions for this year is mixed and many are for land sales or major renovations. This is not [...]
BY GINA KANTZAS 23rd November 2013
Final property listings for 2013 campaigns hit the internet this week and the first of those opens were today. Agents will soon be readying for final sales as the last significant auction weekend looms on December 14. Of course stock will have peaked by then, with November 30 shaping up as a Super Saturday [...]
BY GINA KANTZAS 16th November 2013
Right now just as a stretching buyer has to ask the question: Am I buying a price or am I buying the property, so all sellers are now being asked that perplexing question by the market: are you selling a property or are you selling a price? Big difference in strategies!
BUT, and it’s a big [...]
BY GINA KANTZAS 9th November 2013
The lead up to Super Saturday was frenetic. And the day produced good clearance rates with many, many underbidders left unsatisfied. Talk of the wash up ensued.
In the two weeks since then, numbers at Opens have remained strong. With high demand proving consistent over this year, how are bidders going to secure the [...]