BY GINA KANTZAS 9th August 2014
At our first week back auction reporting for this new market, Melbourne’s overall $Million dollar plus Bidderman was strong at 2.2. That was last week and Stonnington had slim pickings with only 8 auctions. Today we have 22 auctions. We see a bumpy ride ahead in August in terms of volume. We dip down [...]
BY GINA KANTZAS 2nd August 2014
Welcome to the New Market!
Happy New Market Year! That’s the greeting I’ve received as I have met agents at Opens after the long winter break. The feeling around the traps is of a new beginning. Almost all agents have stated that numbers at Opens have been very well attended. Talking with John Morrisby, [...]
BY GINA KANTZAS 21st June 2014
As we report for the last time this financial year, and before most agents head off for their traditional winter break in preparation for the busier half of the year, we thought we should leave you with our summary of the April/June quarter, as we saw it …
After Easter and the school [...]
BY GINA KANTZAS 14th June 2014
With no Market News over the long weekend our Stonnington team inspected additional opens and plenty of off-markets instead. Some addresses had good numbers through, although there is no doubt that supply is leveling off now. And as usual at this time of year, negotiations are proving more difficult. Buyers look to the future, [...]
BY GINA KANTZAS 31st May 2014
It was another Super Saturday today. Another during a record year for the number of Super Saturdays in Melbourne’s Million Dollar plus home market. After 18 months of steady growth (with continuous demand and supply levels) the four months of this year’s selling season (February to May) has felt like the intensity of a usual [...]
BY GINA KANTZAS 24th May 2014
Last weekend (17th May) the clearance rate for all the auctions we covered was a strong 76%. Stonnington was even more bullish with all of those we covered selling on the day. Although, we did note that many agents were talking of a quieter month in terms of listings in June. Despite the messages [...]
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 [...]