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50% of the homes are still being bought by local buyers – there are solutions

50% of the homes are still being bought by local buyers – there are solutions
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1. Market Summary – Market News Lite Version There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
Boroondara Weekly

Boroondara Weekly

WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80′s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Boroondara Weekly

Boroondara Weekly

Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, Brighton, Hawthorn or is it Albert Park? These are very influential suburbs and more expensive than the suburb we think is Melbourne’s most influential land value suburb, but it is not any of these. No, Melbourne’s [...]
Boroondara Weekly

Boroondara Weekly

78-80 Mount Street, KEW BOUGHT* RANGE – $4,617,200 – $5,145,850 Auctioneer Steve Abbott is poolside. He notes the strong prices being paid in Kew and the unprecedented demand for the suburb’s schools. As he calls for bids the spa kicks in and gurgles loudly. Steve may have hoped the auction would bubble along accordingly, however, this was [...]
Boroondara Weekly

Boroondara Weekly

As we have reported since 2008, Chinese and Chinese/Australians push the market to new heights each week. And with the Australian v American dollar swing we do not see this phenomenon stopping anytime soon. There has been a doubling of Balwyn land prices in recent times. This is due to the ‘Balwyn formula’ of developers building [...]
This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.8. It was hot out there today as predicted – 80% of auctions we covered today had 2 or more bidders. Welcome to the first game of the season – the pre-season [...]
The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!

At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
2014 is going out with a bang!

2014 is going out with a bang!

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

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 [...]
Boroondara Weekly

Boroondara Weekly

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. With [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Boroondara Weekly

Boroondara Weekly

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% – [...]
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