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Boroondara Weekly

Boroondara Weekly
Boroondara Weekly

Boroondara Weekly

The Market Begins the Big May Run – Hold On!

The Market Begins the Big May Run – Hold On!

Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest) As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
Boroondara Weekly

Boroondara Weekly

Boroondara Weekly

Boroondara Weekly

Boroondara Weekly

Boroondara Weekly

It’s Easy to Throw in the Towel – Don’t.

It’s Easy to Throw in the Towel – Don’t.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 93% on the 29 auctions we covered. The James Bidderman, our bidders per auction measurement was at 3.2. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 7% Lone Rangers ($M+ auctions with one bidder) 11% Norms ($M+ auctions with 2 [...]
Boroondara Weekly

Boroondara Weekly

Big Home buyers – The market is solid – off markets are an additional way we are servicing our clients needs 424 Auburn Road Hawthorn (James Tostevin) Went through this home in April. It was a 3 level big thumper – a rambler on a main road with a tennis court. Quote was fair at $4.5m plus as one [...]
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 [...]
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