Market News » Albert Park


It’s official, we have a new No. 1!

It’s official, we have a new No. 1!
At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8). Last week our heading was Wipeout – it was a shocking day on the streets (31%) –  today (66%) the results are a bounce back to the previous week (61%) [...]
First signs of life

First signs of life

  Today was the clearest spring buying and selling lessons any us, be we buyer or seller or both, will get before Christmas. With the auction machine still cranking up its engine, we covered a few spring early bird auctions today – eight Top End auctions in total – summary in the Volcanoes and Ducks graphic above – [...]
State of the Spring Market

State of the Spring Market

  With the key property drivers of the 2000’s: Migration Chinese Students Easy Bank Money Negative Gearing (Interest only loans) Lack of Infrastructure being “attacked” politically from all angles (many would say this is a good thing for our young / community to at least pause and consider), the market is showing signs of and has the potential for major structural change. Forget [...]
9 Buyers near 9 Million in Glen Iris – Hello Dolly!

9 Buyers near 9 Million in Glen Iris – Hello Dolly!

At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered. Bidderman was up a skerrick to 1.6 bidders per auction [...]
Cash is Why

Cash is Why

It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test. It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
Is now a good time? 6% bought under the hammer today!

Is now a good time? 6% bought under the hammer today!

A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which  sold for $2,750,000, John Morrisby. Contents: 1. Under the Hammer 2. Is Now a Good Time? 3. Dr. Good Strategy 4. Around the Grounds – Auction Reports 5. Market Fresh – one-liners on 25 Top [...]
Values versus Pricing at the Highest End

Values versus Pricing at the Highest End

Week One: Value is not a number, it is a feeling. Price has no emotion, no conjecture, it’s factual. Price is not value and value is not price. I buy a number of family homes for people –  perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
All the signs point to a solid opening season

All the signs point to a solid opening season

There seems little doubt the market has started a lot better than it finished last year. However, all is still conjecture until the market has spoken over our 3 week James 100 Auction Market Test which will be conducted on Feb 24, March 3, skip long weekend and then March 17th. Pre Christmas, the market was as flat as [...]
Scotch College’s buying tactics – Dustin Martin and Ralph Carr

Scotch College’s buying tactics – Dustin Martin and Ralph Carr

End of Year Bumper Edition Contents: Yesterday’s Rout 2017 Year in Review Younger People’s compassion and tax problem Around the Grounds Scotch College’s curious auction strategy Emotion v $ when deciding on a home Transparency The “Reserve” malaise widens Ralph Carr and Dustin Martin Thank you’s 2017 – Top 5 Reads at James Market News Next Edition It’s never as good as it seems and it’s never as bad as it [...]
Are you serious Scott Cam – Are you serious CAV?

Are you serious Scott Cam – Are you serious CAV?

STOP PRESS 9.00PM SUNDAY NIGHT Congrats to Josh and Elyse, great win on The Block and well done to all the other contestants. I like watching The Block Grand Finale normally – but Are you serious Scott, CAV, Frank and Nicole? Was I watching a real show or Hollywood (where there are no rules)? If there are no rules, what [...]
Deeper Examination Into Our Markets

Deeper Examination Into Our Markets

Spring Summary: To say the market is as strong as six months ago, or this time last year, would be a wrong call. As an across the board statement, it would be the wrong call, to state or assume the overall Inner Melbourne Family Home market is definitely on the way down, as there is still no [...]
More chance of a rise than a fall ……………

More chance of a rise than a fall ……………

It was a quiet-ish day today on market – off market is a different story – the auction biggies for May starting in numbers the week after next. At that time we will be focusing on James Bidderman (for any movement in demand) and any drop off from overseas buyers. Has all the talk of late begun to bite? This [...]
What is THE ISSUE right now in 2017?

What is THE ISSUE right now in 2017?

It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 78% on the 23 Auctions we covered this weekend. Bidderman was back hovering where it has been for several years now – at 2.7 bidders per auction and on big auction numbers – meaning whilst 151 bidders bought, there were still another 313 bidders [...]
Let’s face a home truth – the elephant in the room – population

Let’s face a home truth – the elephant in the room – population

Ferocious bidding on the right homes – despite this being the largest auction start to a year in Melbourne auction history – the market lapped it up, spat out a few and said ”feed me, feed me, give me more.” At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]

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