BY Peter Sinclair 18th May 2013
Over the past week we have been involved with two extremely good period properties – a perfectly renovated single-fronted home in Fitzroy North and an imposing double-storey terrace literally opposite Edinburgh Gardens, also in Fitzroy North. Andrew Simondson (Collins Simms) did a good job at managing the sale of the terrace that resulted in two [...]
BY Mal James 12th May 2013
Week Ending May 11th Some Follow Ups
17 Seymour Grove, Brighton on 1055sqm has sold for $3,400,000 after passing in at auction with a vendor bid of $3 million prior to Easter (Campbell Cooney, Hodges Real Estate)
5 Leslie Grove, Brighton, on 3374 sqm of land, has sold for circa $8 million (Nick Johnstone, [...]
BY Adam Woledge 23rd March 2013
This weekend saw a solid result in Borondara with 66% on 70 auctions, concluding the first quarter of 2013 with the same strength and up-vibe sentiment that we saw at the end of 2013.
There were four bidders for 6 Hepburn Street in Hawthorn East, taking the price to $4,415,000. Kew saw a sale [...]
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 Adam Woledge 16th March 2013
While it was nice to take a breather last week, the property market in million-dollar-plus Melbourne certainly looks to be rolling on in a positive way.
Some recent sales of interest:
25 Redmond Street, Kew (James Tostevin, Marshall White) – This sold strongly before auction for around the $2.9m mark. Bought for land value only, and working [...]
BY Mal James 2nd March 2013
At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2.
Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
BY Adam Woledge 23rd February 2013
After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
BY Mal James 22nd February 2013
East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders
There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
BY Mal James 21st November 2012
The talk was all doom and gloom at the start of 2012 after a bad finish to 2011 by the market. This talk flat lined the Autumn market with basically no action whatsoever, save a surprising burst around Easter with 5 at $10,000,000 changing hands. We went into Winter in a downward spiral with [...]
BY Mal James 10th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
That low Bidderman rate reflects how the market felt this weekend – quiet.
This lack of activity is hardly unexpected given that the Melbourne market is [...]
BY Adam Woledge 20th October 2012
It was a busy day around the Boroondara auction traps this weekend. Of the 12 auctions we monitored, 9 sold, representing a fairly healthy 75% clearance rate. While the Melbourne-wide Bidderman sat at 1.5, Boroondara Bidderman was slightly higher, at 1.7. We certainly feel the market has lifted; numbers at properties are up, sentiment is [...]
BY Mal James 21st September 2012
As we go into our Footy Induced/ School Holiday Auction Activity Hibernation we thought we would look at the key issues facing buyers’ right now in the Spring Marketplace. Here is our Top 5.
Is back with a vengeance. It is a real stain on our profession. Like dummy bidding it causes great angst [...]
BY Adam Woledge 25th August 2012
On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim.
This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]
BY Mal James 25th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
BY Mal James 18th August 2012
We live in an Information Age.
In our fast-paced environment, how can we discriminate the good from the bad in the information-saturated Melbourne property market right now?
At James Buyer Advocates, when we produce a full value rating, we look at hundreds of pieces of information.
We split them into 3 categories.
Facts – such as a sale price
BY Mal James 28th July 2012
At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended.
The Weekly Review Bidderman - 1.8 bidders per auction.
Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
BY Mal James 16th June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
BY Mal James 29th February 2012
As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
BY Mal James 24th September 2011
Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
BY Mal James 27th August 2011
Week 4 August 27 2011: Not a lot happened at auction in this market this weekend at $3M+, with the exception of 25 Kent Avenue – the action was all last week and it was away from the auctions.
Biggest Sale: 25 Kent Ave, Brighton, Leigh Hallamore (Buxton); After auction, $6,400,000, 4 bidders
Crowd numbers were high [...]