BY Adam Woledge 22nd November 2014
Another big auction day in Boroondara. The market is sizzling.
I attended three auctions today. All three had at least two bidders, and all three properties sold.
Marshall White had a big auction at 41 Flowerdale, Glen Iris (Madeline Kennedy/James Redfern) at almost $3m and two $2.8-3.0m sales in Camberwell – 18 Stodart Street at auction (Duane [...]
BY Mal James 22nd November 2014
At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2. After a slight breather last week, it looks like the year [...]
BY Adam Woledge 15th November 2014
Another big auction day today…..not as big as a few weeks ago (October 25) but still quite big.
Results were a bit patchy – again a reflection on the quality on offer. Buyers are still discerning with homes on tricky blocks or those requiring serious renovation. I went to three auctions, and all three resulted in [...]
BY Mal James 25th October 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE.
Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
BY Adam Woledge 18th October 2014
A busy day today – in fact a pretty busy week. While there was a lot happening today auction-wise, many properties sold during the week also, well ahead of their scheduled auction date. This is brief take from me this week, from the results below I’ll let you make up your mind about the market.
BY Adam Woledge 11th October 2014
A busy few weeks for most involved in real estate – there are just so many properties to visit and monitor. Simone and I would have been through 50 between us in the past fortnight, a lot more than in recent years for the same period. Why? The late run……and 2014 looks like it might [...]
BY Adam Woledge 13th September 2014
Quality of stock today in Boroondara overall down a bit we believe, but auction results still solid. Simone and I attended six auctions between us, and four sold very well with three or more bidders. One sold afterwards, one not far from selling.
According to Richard Earle, Jellis Craig had a clearance rate of 86% – [...]
BY Mal James 13th September 2014
Week Ending Saturday, September 13:
The Market is splitting as it normally does when adjusting to the Spring Influx of properties.
This week the market has sent buyers and sellers two very clear messages.
If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m range, then you have [...]
BY Adam Woledge 6th September 2014
First auction weekend in spring, and you can really feel the momentum building in the market. The weather was perfect today and there were no AFL football finals played in Melbourne. As a seller, you couldn’t have really picked a better day to sell, and the crowds were very solid with well over 100 at [...]
BY Adam Woledge 30th August 2014
After a solid week last week, this week also looks strong. Good solid bidding on the good properties. Those which are so-so or with inflated prices are left on the market or sell not far off what the agent is quoting – or even below what they could have maybe got off-market a few months [...]
BY Adam Woledge 23rd August 2014
With the milder weather today it seems spring has come early, even though most of the trees are still bare with leaves. We saw some really spirted bidding for good properties and even some so-so properties sold after passing in.
By our records, today there were 40 scheduled auctions in Boroondara, and in the coming two [...]
BY Adam Woledge 16th August 2014
Strong auction clearance rates continue in Boroondara, yet with a limited a sample size (there are not too many properties on offer) perhaps a true indication of the market is not quite apparent. What we can say though is that there seems a lot happening outside the auction forum, and often mid-week at late times. [...]
BY Kristen Hatt 16th August 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 68% on the 31 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2
Overall Summary of Melbourne’s Million Dollar Plus Auctions:
Ducks ($M+ auctions with no bidders) 26%
Lone Rangers ($M+ auctions with one bidder) 11%
Norms ($M+ auctions [...]
BY Adam Woledge 9th August 2014
Last week saw solid results with 10 out of the 12 properties scheduled for auction sold, and Bidderman healthy at 2.2. The trend continued this weekend on limited auction numbers. If you are a seller, there are only about 13 auction weekends remaining for 2014, although we might see a few more mid-week late-afternoon or [...]
BY Gina Kantzas 9th August 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]