BY Mal James 15th June 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 76% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3, which is much stronger than it was this time last year (hovering 1.5). Wow Bidderman 2.3!
In terms of bidder demand at auctions, the breakdown was:
Ducks [...]
BY Mal James 1st June 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 77% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9 – back up to bordering on strong!
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 26%
Lone Rangers (1 [...]
BY Mal James 25th May 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
In terms of bidder demand at auctions, the breakdown was:
◦Ducks (no bidder auctions) – 26%
◦Lone Rangers (1 bidder auctions) – 16%
◦Norms (2-3 bidder auctions) – 32%
◦Volcanoes [...]
BY Mal James 24th May 2013
Week Ending 18th May
Off-Market Special
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY Mal James 20th April 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9.
Market Summary
Welcome back after the Easter break.
Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
BY Kristen Hatt 23rd March 2013
Bay View
Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington.
Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
BY Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]
BY Kristen Hatt 16th March 2013
Bay View
There were over 20 auctions on in Bayside again this weekend. But even while other areas of Melbourne continued to see strong clearance rates (Boroondara 77% for February 23 and March 2; and Stonnington 78% and 85% respectively), Bayside clearance rates on March 2 were down considerably on the previous weekend. Only 44% of the [...]
BY Mal James 16th March 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
BY Kristen Hatt 2nd March 2013
Bay View
This week, buyers and sellers alike have been eager to see whether the market would back up last week’s clearance rates. Nine fewer homes were up for auction this weekend, but that’s still 20 auctions over $1,000,000. Some of these were bigger properties that have been on the market for over 12 months – [...]
BY Mal James 2nd March 2013
At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2.
Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
BY Kristen Hatt 23rd February 2013
Bay View
The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation.
According to Campbell Cooney (Hodges), there is pent-up demand [...]
BY Mal James 23rd February 2013
At 6.00 pm the James Clearance Rate was 66% and Bidderman, our bidders per auction measurement, was 2.2.
Well, here we are knee-deep in the thick of it. This was a borderline Super Saturday, as is early next week, meaning we have around 150 scheduled Million Dollar plus auctions in Inner East and Bayside.
We say borderline [...]
BY Mal James 22nd February 2013
East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders
There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
BY Kristen Hatt 16th February 2013
Bay View
Welcome to the first Bayside market wrap for 2013.
From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
BY Mal James 16th February 2013
Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
BY Gina Kantzas 1st December 2012
As this is the final Marketnews for 2012, some highlights below
Most memorable Auction;
43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012
Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
BY Mal James 1st December 2012
Here are our awards for 2012. Our criteria is that we must have dealt with the agent several times in 2012 and that we look at things from a buyer’s perspective – which we as buyers think is 50% of the game.
Our Best Four Auctioneers
We run into a lot of good auctioneers each weekend. In [...]
BY Gina Kantzas 24th November 2012
This week in Bayside there was action in terms of sales, although open numbers still seemed mediocre. Crowd numbers at auctions today were average, but bidder numbers seemed consistently stronger – in particular at land value auction sales:
37 Margarita St Hampton (Frank Hellier) had 5 bidders
101 Dendy St Brighton (Halli Moore and David Hart) had [...]
BY Mal James 24th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction.
Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market.
$M+ Clearance Rates:
Boroondara – 88% on [...]
