BY GINA KANTZAS 15th June 2013
The long weekend meant there wasn’t much time to prepare for auctions on Saturday. But the good numbers at Opens during the holiday weekend has resulted in talk of the continuing high buyer demand in Stonnington.
Talking to Carla Fetta from Jellis Craig Bennison MacKinnon during the week, and she supported the sentiment that supply is [...]
BY GINA KANTZAS 1st June 2013
Stock levels in Stonnington saw a much needed increase this week, with dozens of new listings coming in. Most were for auctions scheduled for later in June (after the Queen’s Birthday weekend) and before the Winter School holidays. There are currently 33 auctions scheduled for 15 June and 21 auctions scheduled for [...]
BY GINA KANTZAS 25th May 2013
Three case studies of recent Stonnington Off-Markets have something interesting to tell us about what is happening in this market this year, and what the issues are for $3 million plus buyers.
4A Mayfield Malvern: This home was on the market quietly late last year and had a nibble at $5m but was not bought. So [...]
BY GINA KANTZAS 18th May 2013
Stock levels in Stonnington are still tight. This week there were less than a dozen new listings on the web – a situation which can be partly attributed to the Queen’s Birthday on Monday, 10th June 2013 which interrupts the traditional four week auction campaign. Even so , there were over three times more internet [...]
BY GINA KANTZAS 11th May 2013
Traditionally, May is one of the stronger months of the year and right now, it seems that, like May 2012 auction stock levels remain un-seasonally low in terms of quality. Before Easter, the clearance rates remained above 70% for Stonnington and this week the clearance rate dropped to 57%. Buyers were ready to transact and [...]
BY GINA KANTZAS 4th May 2013
For the first time this year, Stonnington’s clearance rate dropped below the strong range to a still solid 63%. Of the seven auctions we covered, three sold and four were passed in. There were four and three bidders at auctions of homes bought under the hammer, and 4 Armadale Rd, Armadale ( Gowan Stubbings, Kay [...]
BY GINA KANTZAS 27th April 2013
Last week our discussions with buyers were in relation to the limited supply of good family homes within the $1m – $3m range. But what has been happening across all segments of the market during the last month – since the week before Easter and the School holidays?
The lack of stock numbers in the $1m [...]
BY GINA KANTZAS 20th April 2013
On a small number of auctions this weekend – just 8 – Stonnington had a clearance rate of 71%.
There is an unexpected dearth of good family homes on offer in the $1m and $2m ranges at present. It’s unexpected because, while it is traditionally quiet around the Easter/School holiday period, it was hoped that the good [...]
BY GINA KANTZAS 23rd March 2013
With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%.
Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
BY GINA KANTZAS 16th March 2013
The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
BY GINA KANTZAS 2nd March 2013
Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate. This weekend we went even better with a strong 85% clearance rate overall.
Of the 8 auctions we covered, 2 were bought before, 2 had no bidders and [...]
BY GINA KANTZAS 23rd February 2013
This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
BY GINA KANTZAS 16th February 2013
This year seems to have started where it left off – with a sense of buyers wanting to transact.
Last year we did almost a third of our business for the year in the last 6 weeks of the year. In fact, we worked on deals till Christmas. Of particular interest were a [...]
BY GINA KANTZAS 1st December 2012
As this is the final Marketnews for 2012, some highlights below
Most memorable auction;
3 Royal Crescent Armadale (Mark Wridgway) on 16th June 2012
With the two bidders at 50 paces, mobile phones in hand, the crowd of 80 soon took sides including some cheering of the bidders and a feeling of battle soon emerged. Auctioneer Mark Wridgway [...]
BY GINA KANTZAS 24th November 2012
This week around the traps – the men and women at Kay and Burton were out in force on their quiet and off-market sales
Armadale, 14 Myamyn St (Gowan Stubbings – Kay and Burton), this was sold for the mid $3 millions in 2009, and changed hands again during the week for towards the mid $4 [...]