BY GINA KANTZAS 21st February 2015
The 2015 market has started with a flood of new properties and a stampede of new buyers. Yes there are some stale properties back on the net and some returning buyers too, but for the most part it feels like a fresh start.
Speaking with Rae Tomlinson (Marshall White) last week as she has a variety [...]
BY GINA KANTZAS 22nd November 2014
Oldies but Goodies (agents that is) or; When experience counts …
Our sample auction results last week showed that nearly 50% had only 1 bidder. Is the market showing signs of turning?
Well here’s a sample of the happenings outside of Saturday auctions this week:
Friday, 14th November, Off- market in Malvern East sold by Jeff [...]
BY GINA KANTZAS 15th November 2014
BY GINA KANTZAS 18th October 2014
With one week to go until Super Saturday and the long list of properties for sale scheduled for that day, it was always going to be interesting today. Would buyers take their chances and bid to buy in an attempt to avoid the emotions of next week?
Perhaps so – as only one property we [...]
BY GINA KANTZAS 11th October 2014
Not much auction action in Stonnington today but there were big crowds at Opens again. Next week we have a small increase in numbers up to 30 auctions but then there is a huge increase in numbers the following week. 40 plus auctions over $1m is considered a big day but on Super Saturday [...]
BY GINA KANTZAS 13th September 2014
Mid-week attendances at Opens was slow again this week for the second week in a row. Was it purely because buyers have seen all the current stock? The Grand Final puts a halt to most activity (and many schools started holidays today) so the the next wave of new properties should all have hit [...]
BY GINA KANTZAS 6th September 2014
A general lack of stock characterises most of the Inner suburbs at the moment, and although Carlton and Carlton North, for example, are traditionally tightly held areas, many agents saying that the number of listings is down over this time last year.
Jason Sharpe of Woodards, articulated this statement late last week when we inspected [...]
BY GINA KANTZAS 30th August 2014
Today was the last auction day of Winter 2014. And after a month of 5 auction weekends in August, today was the culmination of the intense market ride we have experienced since the start of this third selling quarter. At midday today the market heat reached its crescendo and then it quickly subsided.
We ended [...]
BY GINA KANTZAS 23rd August 2014
After last week’s low number of auctions we had 25 auctions to keep a track of this week. The next two Saturdays see 29 and 31 auctions respectively, so activity seems to be heating up. Half the auctions slated for September 13 centre on Armadale and Prahran so that could be a good guide [...]
BY GINA KANTZAS 16th August 2014
With only 14 auctions in million dollar plus Stonnington this week and 2 selling during the week, I advised most clients to have the weekend off from property thinking. Patience is the first thing needed to not make a buying mistake because in property, time will more often create a bigger gap in growth [...]
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 [...]