oc | Wednesday 17th October
Artboard 1
Got Questions?



Market News » contracts


The James Money Bin Competition.

The James Money Bin Competition.
The James Money Bin Competition This year we are looking at trying to help the younger members of the community, make good decisions about buying homes and we want to hear what they have to say. you own property, own the home We have five opportunities to give away $1,000 through out the next few months. The aim of the [...]
How to buy an Off Market well.

How to buy an Off Market well.

(Our three part series from Market Insight July/August 2016) In the beginning: So you’ve heard about a whisper, a rumour, on the quiet just for you – nobody else knows and its come straight from your new “bestest” friend. Two of the above off markets started exactly like that for us, which we took to the client [...]
Market has started like a fire engine not a delivery truck.

Market has started like a fire engine not a delivery truck.

At 6.00 pm today the Melbourne market of late Winter has made a strong statement, with a James $M+ Clearance Rate of 88% and Bidderman a whopping 3 bidders per auction on the 25 auctions, we bid at or reported on today. The Inner market has started out of the blocks in a hurry – based in part, on [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
The Hunt Begins

The Hunt Begins

The Age. Weekly Review, James Buyer Advocates Young Homebuyer series is designed to take homebuyers through the entire homebuying process from the inside. The article series has become the biggest read online series of its type. It has been been published throughout Australia and internationally. It continues on from James Home Ratings – an industry standard in [...]
Off-markets and the Duck Test

Off-markets and the Duck Test

Off-markets and the Duck Test On the subject of off-markets, we buy a fair number – but we reject an awful lot more than we buy. For the inexperienced buyer, many off-markets are not what they are cracked up to be (by the agents). A number of inexperienced buyers are lured by the romance of an off-market [...]
The market is back and the signs point to strength

The market is back and the signs point to strength

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. This weekend’s first run of the high end auction market after a good spell in July saw a “strongish” start on limited [...]
Bayside Weekly

Bayside Weekly

There were mixed results last weekend, which was also a ‘Super Saturday’.  Bidderman dropped to an average of 1.7 bidders per property and whilst this is not alarming (it is only the fourth weekend we have covered this year that has averaged under 2, and the other three were on lesser quality, low stock weekends), [...]
The Auction Pre-Season has Started!

The Auction Pre-Season has Started!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.8. It’s good to be back and around the auction scene again. The highlight this weekend was that half  the auctions we covered had three [...]
Bayside Weekly

Bayside Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

As this is the final Marketnews for 2012, some highlights below Most memorable auction; 3 Royal Crescent Armadale (Mark Wridgway) on 16th June 2012 With the two bidders at 50 paces, mobile phones in hand, the crowd of 80 soon took sides including some cheering of the bidders and a feeling of battle soon emerged.  Auctioneer Mark Wridgway [...]
Sold Under the Hammer. No its not, even when you think it is.

Sold Under the Hammer. No its not, even when you think it is.

It’s on the market at $1,550,000, it’s sold under the hammer at auction for $1,990,000. Only it is not. Three times this year we have bought properties for LESS than what the home either cost, was sold under the hammer or was passed-in at auction. Hawthorn East: In the first instance we bought a home in Hawthorn [...]
The best pre-negotiation tool may be a coffee

The best pre-negotiation tool may be a coffee

If you feel that a win-win style will work for you; then you need to give a little to get a little before you can finalise a strategy. Prior to starting one on one negotiations, you need a forum for pre-negotiation discussions and I much prefer a coffee to a phone line. Naivety, experience and lack of preparation are not good prerequisites for the sorts of meetings I outline below, so if you don't feel it's you or if you have loose lips then engage a professional.
Stock is coming on – prices are going where….?

Stock is coming on – prices are going where….?

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer. On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
Markets, talking price and late bids.

Markets, talking price and late bids.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 60 per cent on the 20 auctions we attended but that may change by Sunday. The market today (Saturday) was again strong across the board but crowd numbers continue to drop and there was a 40 per cent pass-in rate at [...]

Inside James Market News