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Boroondara Weekly

Boroondara Weekly
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. [...]
Auctions quieter, but results still strong

Auctions quieter, but results still strong

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Boroondara Weekly

Boroondara Weekly

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. Trends: We are seeing more and more Chinese Nationals bidding [...]
Super Saturday..Again!

Super Saturday..Again!

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 [...]
Boroondara Weekly

Boroondara Weekly

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 [...]
Some strength but lacking consistency

Some strength but lacking consistency

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Boroondara Weekly

Boroondara Weekly

Numbers of auctions are solid for the next few weeks, and the offerings are quite good. Overall buyers should be pretty happy with the amount of choice out there. Compared to 2011 and 2012 there are plenty of properties on offer. With Bidderman dipping just under 2 last week, the market was showing some signs of turning [...]
Boroondara Weekly

Boroondara Weekly

The market still continues to roll along okay in Boroondara, yet we feel the edge has been taken off slightly.  There does seem to be a bit of resistance from buyers. Many are concerned about the upcoming budget and feel prices asked for are very optimistic. With big auction weekends coming up we will have [...]
A Market of Differing Opinions

A Market of Differing Opinions

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 26% Lone Rangers ($M+ auctions with one bidder) 13% Norms ($M+ auctions with 2 [...]
Boroondara Weekly

Boroondara Weekly

With April now past us, the attention turns to May and early to mid-June, where the market will be tested once again. This week the talk is all about stock levels, and there certainly is fair bit in the pipeline for May. May 17 and May 24 are set to be big weekends, with around 60 scheduled [...]
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