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 [...]
BY Adam Woledge 2nd August 2014
With the cold weather almost behind us, the talk starts now about spring. Most key agents have been away (and most of our office has also). But numbers at opens have been solid and two good $2 million dollar sales on Wednesday night this week past saw our office and those at Marshall White and [...]
BY Adam Woledge 21st June 2014
As we plunge into winter and with school holidays looming, it is almost time to call the half-time bell on the 2014 property market year. On the back of last week’s auction results where Bidderman sat at a very high 2.9, one would have to say that it has ended pretty well, and the word [...]
BY Adam Woledge 14th June 2014
An OK number of auctions right now, yet the main talk is all about off-markets, pre-markets and mid-year holidays. Speaking of holidays wouldn’t it be great to be in Brazil right now……..My World Cup tip for what it is worth is Spain.
With the long weekend last week numbers at the 8 or so properties I [...]
BY Adam Woledge 31st May 2014
Last Super Saturday weekend, did it fly or fizzle? You be the judge on our sample of auctions below.
I attended four auctions this weekend, and all four were bought by Chinese buyers. The auctions at Higham Road and Walpole Street were flyers – no doubt about that.
We are seeing more and more Chinese Nationals bidding [...]
BY Gina Kantzas 31st May 2014
At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.9.
Next weekend there will be a break with the Queen’s Birthday weekend, leaving us only two auction weekends until the June/July school [...]
BY Adam Woledge 24th May 2014
Solid numbers this weekend. In terms of auctions though, there were flyers and there were fizzers.
It is patchy, so you really do need to know your product and who you may be up against at auction. Chinese Nationals are out in force, and even bidding in earnest at period homes in a heritage areas. That [...]