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3-week Inner Melbourne Auction Challenge continues

3-week Inner Melbourne Auction Challenge continues
This week in James Market News:  Continuation of the James 3-Week 100 Auction Challenge Inside James Auction Action Call for Good Quoting Nominations of Agents At 6.00pm Saturday, the overall Inner Melbourne $M+ market results were a Family Home Clearance Rate of 88% on the 33 Inner Melbourne $M+ auctions we covered, combined with a James Bidderman (bidders per auction) @ 2.2 [...]
The word from the street – what is really going on?

The word from the street – what is really going on?

Happy Mothers Day to all our Mums – the real home decision makers. This week in James Market News: Market Commentary – Three-week Challenge of 100 reported auctions Auction Action – 33 auction results Inside James – buy-then-sell service and Mal’s auction observations At 6.00pm Saturday, the overall Inner Melbourne market results were solid, if you just look at the Clearance [...]
Housing Prices to Drop 7% and the Baloney

Housing Prices to Drop 7% and the Baloney

WOW, what a week in Inner Melbourne! Last Friday we had one active negotiation and by yesterday, we had eight. This is contrary to the talk of a tanking market so in our opinion piece this week, we examine closely the “evidence” used by The Australian to support their ‘Housing prices to drop 7%’ headline. You be [...]
From May 13th to May 27th James Buyer Advocates will report on the TRUE state of the Inner Melbourne Market by covering 100 Auctions and reporting Bidder Numbers, Clearance rates, Crowd sizes and the real action or not.

From May 13th to May 27th James Buyer Advocates will report on the TRUE state of the Inner Melbourne Market by covering 100 Auctions and reporting Bidder Numbers, Clearance rates, Crowd sizes and the real action or not.

The Inner Melbourne Top End market is currently flattening a little, meaning it has dropped the turbo boosters it had a month ago. However it is still headed in an upward direction as evidenced by a strong Bidderman on the A and B graders.

The Inner Melbourne Top End market is currently flattening a little, meaning it has dropped the turbo boosters it had a month ago. However it is still headed in an upward direction as evidenced by a strong Bidderman on the A and B graders.

Bidder numbers felt a little light on this week. Young people, Mr Turnbull and a question to Mr Keating.

Bidder numbers felt a little light on this week. Young people, Mr Turnbull and a question to Mr Keating.

It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is still a very strong 83% on the 29 Auctions we covered today. However James Bidderman, that is bidders per auction, was only 2.1. What does this mean? Well it may just be a statistical anomaly – we had a lot of bought befores and we record [...]
At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep 90% and that was on a Super Saturday (big test) and the James Bidderman was 2.6 bidders per auction – meaning that whilst around 170 bought, an incredible 270 didn’t and those 270 wounded underbidders will be back next week to fight it out, against a new wave of buyers.

At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep 90% and that was on a Super Saturday (big test) and the James Bidderman was 2.6 bidders per auction – meaning that whilst around 170 bought, an incredible 270 didn’t and those 270 wounded underbidders will be back next week to fight it out, against a new wave of buyers.

It’s going to be a white (hot) Christmas

It’s going to be a white (hot) Christmas

Welcome to our 2016 Bumper Christmas Edition. In this, our last article for 2016 – the key to good sex, nothing about that American bloke and a segment on how to get $70,000 for free every year. Plenty of positives, but apologies we don’t seem to have any fake news! And to the Inner Melbourne Market. Wow, what a finish [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

The Inner Melbourne market is showing a return to normality as evidenced by a healthy, but not stratospheric clearance rate of 68 today. Having said that, there is a feeling of subdued excitement amongst agents (listing ok for June) and buyers (Bidderman 2.5 on big stock numbers today) as sellers appear to be coming out of hibernation [...]
There is a feeling of subdued excitement amongst agents (listing ok for May and June) and buyers (Bidderman 2.5 on big stock numbers) as sellers appear to be coming out of hibernation in greater numbers.

There is a feeling of subdued excitement amongst agents (listing ok for May and June) and buyers (Bidderman 2.5 on big stock numbers) as sellers appear to be coming out of hibernation in greater numbers.

We’re out of the blocks with 87% clearance rate and Bidderman at 3. Early days but WOW!

We’re out of the blocks with 87% clearance rate and Bidderman at 3. Early days but WOW!

(Above and below) 160 people witnessed this architectural masterpiece (working from a low base to a state of brilliance – Steve Domoney Architecture) sell under the hammer for $4,160,000. James Tostevin and 3 bidders. Google our James Home Rating – 2a Harcourt Street, Hawthorn East to read our detailed thoughts. Excuse me what did I read above, James Bidderman 3, James [...]
Balwyn Calling – International Asian Demand showing the real signs of easing!

Balwyn Calling – International Asian Demand showing the real signs of easing!

Special Edition – James International Demand Report for Inner Melbourne $M+ housing Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market. James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
News of my death may be greatly exaggerated

News of my death may be greatly exaggerated

The market is not as bullish, as urgent, or as downright insane as it was from February to May, even June of this year. Is this really a true statement? In many cases we are 20% above the start of the year. Is the market’s outward intensity less about dollars and bidding and more about that, we [...]
In a nutshell the Super Saturday market was a little unconvincing today.

In a nutshell the Super Saturday market was a little unconvincing today.

It is important to note that we deliberately focused on the high-end today, as it is the canary in the gold mine. The Top End is where you will see the change (if any) first, as this current market is a Top End driven market. The Top End traditionally has the least depth of any [...]

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