BY Mal James 9th November 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 61% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was down to 1.3. An unusual day today, with everything down compared with recent weeks.
It was a bit of a shocker weekend for the [...]
BY Mal James 28th July 2012
At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended.
The Weekly Review Bidderman - 1.8 bidders per auction.
Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
BY Mal James 7th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise
The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
BY Mal James 16th April 2011
At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End.
Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
BY Mal James 9th April 2011
At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month.
Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
BY Mal James 26th March 2011
The Top End outside Inner East and Bayside is mainly in that $1.5m to $2.2m range and the action this month has been relatively thin on the ground with many agents reporting a lot of homes for sale but with little movement generally.
Agent Q & A: Has the market changed since before Labour Day [...]
BY Mal James 19th February 2011
Agent Q & A: How have you found non-auction sales so far this year?
David Oster, Jellis Craig, Ivanhoe:“I’ve found non- auction sales still a little grey. Not as much transparency or buyer comments such as “why hasn’t it gone to auction?”or “when did it pass in?” Whereas at auctions, we have found that they may have only one [...]
BY Mal James 27th November 2010
Week Ending November 27th:
The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
BY Mal James 20th November 2010
Around the Grounds:
Parkville, 543 Royal Pde, Craig Shearn (Jellis Craig);
“The auction of this Royal Parade home had all the makings of an entertaining event, with a picturesque location, a lively crowd in attendance and just the right amount of sunshine in which those gathered could bask. Auctioneer Craig Shearn competed valiantly [...]
BY James Home Ratings 23rd October 2010
Mixed bag around the grounds with an overall clearance rate of 58%
Across Melbourne there were 143 reported sales over a million dollars yesterday
Biggest auction was 16 Brooke, Eaglemont, with Damien Carter of Miles. On a quote of mid to high $2 million it was bought for just over mid $3 million
Agent Q & A: [...]
BY James Home Ratings 16th October 2010
Ascot Vale, 13 Fisher – Ray White – With views over the Maribyrnong River, this was bought for $2,000,000. Land value $2,000+ per sq metre
8 buys over $1m in Caulfield and Elsternwick this week, including in the heart of the Bagel belt – 31 Aroona with Rochelle Butt of TBM at $2,511,000
Templestowe, 70B Newmans [...]
BY James Home Ratings 9th October 2010
Clifton Hill 12 North Terrace Steve Earl of Harringtons was bought at auction for $4,115,000
Around the grounds
Alphington 6 Bennett: Peter Egan Nelson Alexander: Passed In for $1,000,000: No Bidders
It could only be described as scenes from an unfortunate comedy skit – one I’m sure auctioneer Peter Egan had not foreseen when commencing the auction of [...]
BY Mal James 30th September 2010
September Executive Summary:
Demand: Solid and increasing
Reported Boughts: 46
Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875
Supply: New Stock Low
Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
BY Mal James 18th September 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was an almost hard to believe 88% for the 33 auctions we attended.
Bidderman, our Demand Indicator, was steady at 1.8 bidders per auction. This is a level we would call solid.
Market Supply was 77 monitored $M+ Auctions (100 is a strong weekend).
Market Price seems to be firming [...]
BY Mal James 18th September 2010
The rest of $M Melbourne Melbourne slipped a cog this weekend with a 64% clearance rate on 25 $M+ reported auctions – a fair way down from last week’s stellar 83% on our 30 monitored $M+ auctions.
In Yarra (Richmond to Fitzroy) there were six properties up for auction at around a $million, and six were bought
Elsternwick 9 [...]
BY Mal James 11th September 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 78% for the 32 auctions we attended. A near stellar result for the market.
Bidderman, our Demand Indicator, increased to 2 bidders per auction. Bidderman has been consistently strong and up around this level over the last few weeks. If this can be sustained we’re likely to see [...]
BY Adam Woledge 11th September 2010
We covered 11 auctions across Boroondara on Saturday. Of those, 4 sold under the hammer, and 4 were bought after.
Bidders on all bar one auction.
Big crowd increases.
The biggest auction of the day was 42 Wattle Valley Rd, Canterbury (Richard Winneke of Jellis Craig), which had an after-auction sale price in excess of $3,400,000 and [...]
BY Mal James 28th August 2010
August has seen a bit more noise in the $3m+ market and deals are seemingly back on the agenda at this price level.
In Ivanhoe two bidders fought it out for over a million dollars to get to the $4,300,000 result, as the above picture states - a full $800,000 over a fair and reasonable reserve. [...]
BY Mal James 29th May 2010
The standout auction was not necessarily a residential one with a development site going for $3,160,000 or $1600 per sq metre at 20 Park St Moonee Ponds (Andrew Johnstone of Nelson Alexander)
Some good home sales
11 Bangalore Street in Kensington (Tony Downward of Biggin and Scott) and nice looking home with all the bells and whistles [...]
BY Mal James 15th May 2010
1) Its 6.00 pm on Saturday and the James Clearance Rate for the 32 auctions we attended was 47%. May of course rise overnight as more results are reported.
2) Bidderman – now at 1.5 and falling. Significant change from a month ago.
3) This weekend is the weakest of the Big 5 auction weekends in May as far [...]