BY Mal James 24th May 2013
Week Ending 18th May
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]
BY Mal James 27th October 2012
With what was described as the biggest auction weekend in nearly two years, agents were certainly on tenterhooks as to what Saturday would bring. Their fears turned to relief and perhaps even delight, as Greg Hocking from Greg Hocking Holdsworth, David Wood from Hocking Stuart and Kaine Lanyon from Marshall White all reported strong results. [...]
BY Mal James 12th September 2012
Mal James joins Glenn Ridge to discuss emotional buyer errors at recent auctions. You can read the full story here (click here) on what happened at 8 Davis Avenue where the highest bidder under the hammer, didn’t end up buying the home because of a legal loophole in Victorian law.
Click below to start the [...]
BY Mal James 27th November 2011
Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
BY Adam Woledge 2nd April 2011
Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
BY Mal James 2nd April 2011
Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter. 19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
BY Mal James 2nd April 2011
At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
BY Adam Woledge 26th February 2011
Big Numbers at almost all auctions – a crowd of 300 reported at 15 Stephens St Balwyn North
Agents are concerned about the market – definitely not upbeat as a whole
Lots of new stock on the market this week – Pre Easter has the potential to be a whole new market to this early season [...]
BY Mal James 5th June 2010
At 6pm Saturday the James Million-Dollar-Plus Clearance Rate on the 35 auctions we attended was 51%. Our Demand Indicator, Bidderman, was up at 1.7 – still hanging in there.
There is no doubt the market has eased, “corrected” – call it what you like. One easy word to understand is “dropped”. On a few properties it [...]
BY Mal James 5th June 2010
SUPPLY OVERHANG BUILDS
First some stats. Last Saturday’s (May 29) Auction results showed strong evidence of “auction overhang” in Port Phillip where the clearance rate was 32% clearance rate on the 22 auctions we monitored.
Seven days later the reported clearance rate had lifted from 32% to 45%, with only three of the pass-ins and unreporteds reported as having [...]
BY Kristen Hatt 5th June 2010
A bit of gloom maybe an understatement. We covered 10 properties auctioned in Bayside today over $1,000,000 and saw a clearance rate of zer0! That’s right, nothing was bought under the hammer today. 6 bidders in total, and Park Road, Sandringham had two of them. That’s Bidderman at 0.6.
Properties to pass in today on vendor bids [...]
BY Adam Woledge 29th May 2010
In contrast to last week, we saw all 9 properties we covered over $1,000,000 today, sell. Three sold before auction, 3 sold under the hammer and 3 were bought after. That’s a 100% clearance rate and Bidderman was back up to two.
Five of the nine properties had two or more bidders. Richard Jellis of Jellis Craig [...]
BY Mal James 22nd May 2010
Its 6.00 pm Saturday and the James $Million+ Clearance Rate on the 36 auctions we attended was 64%.
Interestingly, 20 of the auctions initially passed in. Therefore we witnessed an under the hammer clearance rate of 41% – obviously a number were bought almost immediately afterwards.
Bidderman is up from 1.5 last week to 1.8 bidders per auction this [...]
BY Adam Woledge 20th March 2010
Strong day in Boroondara today for good properties, with many homes selling under the hammer and selling strongly. However not all auction results have been reported.
Some of the auctions that we attended -
8 Moorhouse Street Camberwell (Heather Elder, Marshall White). Sold for $1,997,000 – 4 bidders
14 Lyndhurst Crescent Hawthorn (Peter Batrouney, [...]
BY Adam Woledge 13th March 2010
Interesting day in Boroondara today, with a few properties flying out the door with 5 or more bidders and also a number passing in quietly without much crowd interest. Scott Patterson from Jellis Craig thought the market was patchy – yet probably understandable. Scott thought the company’s clearance rate probably dropped back to around 70% today. This was [...]
BY Michael Sier 15th February 2010
BY Mal James 24th October 2009
It is 6pm Saturday and the James Auction Clearance Rate on the 32 $1m+ properties we attended and reported on today was 72 per cent.
The REIV’s clearance rate was declared at 82 per cent but they are missing around 200 auction results and our guess is the clearance rate has dropped below 80 per [...]
BY Kristen Hatt 12th September 2009
Approaching 80 per cent of the 18 reported auction results for Bayside this weekend – that is as strong as it has been all year.
25 Orchard Street Brighton - Trudy Biggin of Biggin and Scott
James Home Rating and Comments: 577 out of 1000. Land only, or is there some value in this [...]
BY Mal James 21st March 2009
There is definitely more housing stock coming onto the off-market part of the market; however:
1. it’s not across all geographical markets and dollar market levels; and
2. it’s not necessarily the home you must buy; ie the price and quality is mixed.
Specific off-market properties that we have heard about, driven by, or looked [...]