BY Adam Woledge 5th April 2014
This year has gone quick and plenty has happened, both on and off-market.
Let’s look at some sales statistics, for the first quarters of the past few years, for properties of $1m plus in Boroondara
2012 – 83
2013 - 88
2014 – 198
WOW! That’s more than double the number of sales this year versus this time last year. That [...]
BY Mal James 30th March 2014
Saturday, March 29:
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]
BY Adam Woledge 29th March 2014
Results continue to be ‘patchy’ in the Boroondara property market.
At this stage May 17 and May 24 are looking to be the next group of “Super Saturdays”. April is interrupted due to holidays.
What is going well ?
Good period homes with thoughtful renovations in good locations – not sure there ever a bad time to sell [...]
BY Adam Woledge 22nd March 2014
The market continues to rock along, with very good competition on good homes.
Generally speaking things are going well and not everything is going to auction, with many properties selling before auction or turning into Expression of Interest Campaigns.
The clever and experienced agents are managing campaigns well and, now in particular, it pays to have a good [...]
BY Mal James 22nd March 2014
At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 68% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2
Overall Summary of Melbourne’s Million Dollar Plus Auctions:
Ducks ($M+ auctions with no bidders) 23%
Lone Rangers ($M+ auctions with one bidder) 17%
Norms ($M+ auctions with 2 [...]
BY Adam Woledge 15th March 2014
Solid results over recent weeks has the market vibe very positive right now. There is plenty happening – on and off-market. A smaller sample size this week of auctions – see below.
Auction numbers in April are restricted, due to several factors and these are school holidays, Easter and then the Anzac Day long weekend. May [...]
BY Adam Woledge 1st March 2014
Off the back of another strong week the market continues to rock along. See below our auction reviews for a flavour of what is happening at the moment.
The big indicator I think is Bidderman, sitting last week just above 2.6. So for every buyer out there, there is at least one other (and in many [...]
BY Mal James 1st March 2014
At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7.
On the face of it that was a big drop from last weekend’s “red zone” numbers.
We agree – but it should be noted that our [...]
BY Adam Woledge 22nd February 2014
Well the first Super Saturday in Melbourne – how well did the Boroondara market perform?
See our representative auctions, which we attended and reported on, below. This will give a you a flavour of what’s going on and you can make up your mind from that.
I will keep things somewhat brief this week, as we have [...]
BY Adam Woledge 15th February 2014
The anticipation is building to our first Super Saturday auction weekend (22nd February) in Boroondara. On this day there are 70 scheduled auctions over $1 million, and the week after we see similar numbers again. As impressive as these numbers sound, many buyers (and selling agents) out there would have hoped for more auctions.
We are [...]
BY Adam Woledge 8th February 2014
Great to be back! Hope you all had a safe and enjoyable holiday period. A highlight for me was the cricket. It was so good to have won back the ashes in such convincing style………pity about the Melbourne Stars though, my kids still haven’t quite got over that.
2013 ended really strongly, and there [...]
BY Adam Woledge 30th November 2013
It was another big week in the Boroondara Million Dollar Plus property market. Although sold under the hammer rates on Saturday were lower, many sold soon after and there were some good results, such as the cracker of a volcano at 6 Crellin Gr, Camberwell (Andrew Gibbons, Marshall White) which had 7 bidders and sold under the hammer [...]
BY Mal James 30th November 2013
At 6.00pm on Super Saturday the James Clearance Rate for Melbourne’s $M+ property was 62% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8 – down on last week.
Ducks (no bidder auctions) – 24%
Lone Rangers (1 bidder auctions) – 18%
Norms (2-3 bidder auctions) – 45%
Volcanoes (4+ [...]
BY Adam Woledge 23rd November 2013
There was some good action in Boroondara this weekend, but as we noted last week, while the market overall is going well, we have been seeing very much a market of two-halves.
That is to say the A-graders and even B-graders are going well, but buyers are being particularly discerning on not-so-good or overpriced properties. There [...]
BY Guy Angwin 16th November 2013
The old timers of 100 years ago could never have anticipated that their old dunny lanes would take on such a different use n the future. The lanes that once allowed the dunnyman (or night soil man) to clear waste in the times prior to modern plumbing, now provide access for vehicles to be [...]
BY Adam Woledge 16th November 2013
With Christmas in everyone’s sights, the next four to five weeks is likely to be interesting. Will the year finish off as strongly as it did last year? Only time will tell.
In terms of new properties coming on to the internet, we really only have two weeks left. Although I suspect that we’ll still be [...]
BY Adam Woledge 9th November 2013
Hope you picked a winner last week. What a beautiful day it was!
The run up to Christmas looks solid, with good property numbers coming on to the market in Boroondara, and November 30 and December 7 looking to be Super Saturdays.
In addition there are also many opportunistic sales. Some of these are Expressions of Interest [...]
BY Adam Woledge 26th October 2013
With over 100 scheduled $1 million plus auctions in Boroondara this weekend, it really was a big weekend and the market responded well.
Numbers at opens and auctions have been consistently strong. I think the recent positive press about market clearance rates is helping – people just want to see a lively auction. Of course if [...]
BY Adam Woledge 19th October 2013
Well, the market certainly is good right now in Boroondara – for buyers and sellers alike. As we have said for some time, this is a transacting market. The better agencies are regularly reporting that clearance rates are in the 80-90% numbers for better properties.
That means that auction strategy is all important, as is [...]
BY Mal James 14th October 2013
Week Ending Saturday, October 26 – Super Saturday!
It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything.
Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day [...]