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State of the Market – May 2017 – Opinion

State of the Market – May 2017 – Opinion
What is the market really doing? We get asked this question daily so we decided to conduct a 3-Week, 100 Auction Report challenge during the month of May. Well, there were no surprises! All three measurements showed that the Inner Melbourne market is in what we call “boom times”, but now, since 2008, increasingly what we call [...]
Our bumper pre-winter issue – so much great info!

Our bumper pre-winter issue – so much great info!

This week in James Market News: (click on contents) 1. Market Commentary 2. May 3-Week Auction Challenge – Results are in… 3. Bayside and Inner East Auction Action 4. 2017 James Half Year Summary 5. Land Prices – 2010 – 2017 6. Negotiation Corner – Narrowed Focus 7. Inside James – and Off Markets 8. Younger Homebuyers – [...]
The word from the street – what is really going on?

The word from the street – what is really going on?

Happy Mothers Day to all our Mums – the real home decision makers. This week in James Market News: Market Commentary – Three-week Challenge of 100 reported auctions Auction Action – 33 auction results Inside James – buy-then-sell service and Mal’s auction observations At 6.00pm Saturday, the overall Inner Melbourne market results were solid, if you just look at the Clearance [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]
Struggling to see the sense in only considering land + build? Me too!

Struggling to see the sense in only considering land + build? Me too!

Big day today for auctions and, despite the fact that this year we are dealing in more properties away from auction than at auction – as a company we were involved in nine today – I’m zonked. We could not cover as wide a cross section of auctions (only 20) as it was all hands on [...]
The New Normal

The New Normal

James now Smartphone Optimised for easier reading – click horizontal bars in top left hand corner of  iPhone James Market Summary 6.00 pm Saturday May 23rd $M+ Clearance Rate 79% (29 auctions) Bidderman 2.4 Ducks 10% Lone Rangers 14% Norms 48% Volcanoes 28% $M+ Market remained very strong. Significant drop in Bidderman – Is today a statistical anomaly or market easing or indeed simply more buyers placing more [...]
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+ [...]
Inner & Northern Weekly

Inner & Northern Weekly

Warehouses by Adam Gardner While the numbers of new public listings is starting to slow down somewhat in the Inner Melbourne areas as Christmas approaches, there are still a number of properties that should garner some interest when they go under the hammer. In fact, the number of warehouse conversions on the market is significant at [...]
Port Phillip Weekly

Port Phillip Weekly

Parking Mad The old timers of 100 years ago could never have anticipated that their old dunny lanes would take on such a different use n the future. The lanes that once allowed the dunnyman (or night soil man) to clear waste in the times prior to modern plumbing, now provide access for vehicles to be [...]
Northern Weekly

Northern Weekly

One auction we were looking forward to this weekend in the inner north-west was 19 Richardson Street in Essendon (Christian Lonzi, Frank Dowling Real Estate – Essendon). This is a grand looking home, although not overly large, but it was well-renovated and had a lovely feeling. It lacked an ensuite and the flats to one [...]
May ends with the biggest auction of the year – but turnover down going into Winter

May ends with the biggest auction of the year – but turnover down going into Winter

End of Autumn in a nutshell: Some life at the Top of the Top End with sales over $7m under the hammer at Seacombe Brighton (John Bongiorno) and Mayfield Malvern (Gerald Delany) and through private sale at Domain South Yarra (Andrew Baines) and Hampden Armadale (Jeremy Fox). This follows on from last month’s 5 sales circa [...]
Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

Key Points: The overpriced are as cold as ice in Port Phillip right now. No bites, no action – as evidenced by the pass-ins of yesterday and the first two weeks of this market. Overall the year has started better than anticipated but pass-in vendors will need to adjust if they want to attract buyers. I went to [...]
The Truth about BOOM! Suburbs

The Truth about BOOM! Suburbs

There is always a great deal of talk about “Boom” suburbs! The media love it, some so-called property experts love it, and it is a hot topic at dinner parties. “Where are property prices going to BOOM next? ” The word “boom” creates a buzz and gets everyone’s attention Unfortunately, a ” boom suburb ” can be like a [...]

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