BY Mal James 23rd November 2013
At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 79% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2.
That’s a big rebound from last week. But the stock was very different and we saw a lot less properties above $3 million. It [...]
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 Guy Angwin 2nd March 2013
The big pass-ins of the weekend were 238 McKean Street, Fitzroy North (Antony Woodley of Collins Simms), on a vendor bid of $3.25m, and 29 Wilsons Street, Princes Hill with Glen Bartlett of Woodward’s on a genuine bid $3.5m.
Both these properties were outstanding period homes, with McKean Street rating 705 and [...]
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 Gina Kantzas 1st December 2012
As this is the final Marketnews for 2012, some highlights below
Most memorable Auction;
43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012
Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
BY Mal James 1st December 2012
Here are our awards for 2012. Our criteria is that we must have dealt with the agent several times in 2012 and that we look at things from a buyer’s perspective – which we as buyers think is 50% of the game.
Our Best Four Auctioneers
We run into a lot of good auctioneers each weekend. In [...]
BY Guy Angwin 17th November 2012
Two similar properties went up for auction this week with two very different outcomes.
The first was 12 Crimea Street, St Kilda – a grand two-storey Victorian terrace on 611 sqm of land, managed by Simon Gowling of Marshall White, quoting $2.5m plus. The property had been renovated some time ago and was liveable in its [...]
BY Guy Angwin 10th November 2012
After the hype of ‘Super Saturday’, stock supply returned this weekend to the kind of levels we have been seeing over the last 18 months, and the James Clearance Rate of 50% for Port Phillip was not what agents would have hoped for. On reflection, Super Saturday was real estate’s equivalent of the Melbourne Cup, [...]
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 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 Mal James 3rd August 2011
Last week we covered the Early Spring Market
There’s no guarantee we’ll see a lift in the housing market as we go into Spring this year. On the supply side, there’s a build-up of long term unsold properties (stales) and a compounding shortage of exciting, well priced new stock. On the demand side, buyers have had [...]
BY Mal James 7th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise
The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
BY Mal James 30th April 2011
Volume: Has a lot changed in Million Dollar Melbourne between April 2010 and April 2011? Well, yes and no. April 2010 had around the same number of REIV reported $1m+ sales (maybe a 10% variance with the chance of late reported April 2011 sales to bring the April 2010 and April 2011 numbers closer together) [...]
BY Kristen Hatt 26th March 2011
Little movement on a lot of the recent auction pass-ins
Brighton 32 Bay, Regina Schmidt and Brian Devlin – the unit site cnr of Bay and St Kilda was bought for $2,875,000 – before auction.
Brighton 50 Martin with Nick Johnstone of JP Dixon, sold mid week
Brighton 6 Bolton Avenue broke that Hampton Golden Triangle run of [...]
BY Guy Angwin 19th March 2011
Port Phillip the star performer today and especially solid in that early one million bracket
Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below
Agent Q & A:“What is your take on the Economist’s article that Australian [...]
BY Mal James 17th November 2010
While the value you place on a property is ultimately the most important factor in influencing what you are prepared to pay, you also want to know its market value. But how do you know what that is? Is there some secret market value formula?
No there is no single definitive “sticker price” market value figure [...]
BY Adam Woledge 16th October 2010
We attended nine auctions in Boroondara. Four were bought under the hammer, three were bought after and two remain unsold
13 Kirkwood Drive, Camberwell (Steven Abbott, Jellis Craig) had six bidders, while 5 Vaughan Ave, Canterbury (Tim Heavyside, Fletchers, bought for $1,901,500) had five.
Biggest sale of the day was 27 Grange Rd, Kew (Richard Earle, [...]
BY James Home Ratings 25th March 2010
There is always a great deal of talk about “Boom” suburbs!
The media love it, some so-called property experts love it, and it is a hot topic at dinner parties.
“Where are property prices going to BOOM next? ”
The word “boom” creates a buzz and gets everyone’s attention
Unfortunately, a ” boom suburb ” can be like a [...]