Market News » Demand


The October market is looking better than the September market for buyers!

The October market is looking better than the September market for buyers!
Market Summary: Three weeks ago when we left the auction market it was a negative auction day. Have things changed? Some things have and some haven’t. But for buyers – it’s almost all good news! While there weren’t quite enough auctions this weekend to tell us anything for certain (which is why we haven’t supplied a James Clearance [...]
Lack of action a blow to hope of a positive late Spring market

Lack of action a blow to hope of a positive late Spring market

At 6pm on Saturday, the James Clearance Rate for $M+ was 43% on the 37 auctions we attended. Our Market Heat Indicator is now leaning back towards a buyers market. Considering the lack of stock on offer, this weekend’s results were a bit of a blow for those hoping for a positive late Spring market. The Weekly [...]
Solid demand on very low numbers is pushing prices past conservative expectations

Solid demand on very low numbers is pushing prices past conservative expectations

Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of  this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
Action Again all at the Top of the Top End

Action Again all at the Top of the Top End

At 6pm on Saturday, the James Clearance Rate for $M+ was 54% on the 28 auctions we attended. Yes it was down and in our opinion that was again due to lack of exciting stock rather than lack of demand for good homes. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. You [...]
Parts of the Top of the Top End are spiking right now!

Parts of the Top of the Top End are spiking right now!

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. Another solid weekend, especially for A grade homes. We feel the market is now back to a balanced state and should remain so with these current very low stock levels. The Weekly Review Bidderman, our demand indicator, was [...]
Trading Up? Not a lot of Goodies coming on!

Trading Up? Not a lot of Goodies coming on!

At 6pm on Saturday, the James Clearance Rate for $M+ was 65% on the 26 auctions we attended. Solid result on low numbers. At these stock levels we have moved our market indicator back to balanced, however prices are continuing to ease on a number of lesser quality homes. The Weekly Review Bidderman, our demand indicator, was [...]
The Top of the Top End flared back into life this week!

The Top of the Top End flared back into life this week!

At 6pm on Saturday, the James Clearance Rate for $M+ was 62% on the 26 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction – still indicative of price falls. As it has been for the last few weeks, so it will be for the next few weeks. We are in a [...]
Buyers take the down escalator on price

Buyers take the down escalator on price

At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.2. Neither figure represented the spark many of us wanted to see to fire this market into action. Channel Nine – THE BLOCK Auction Postscript Congratulations to Channel Nine and The Block [...]
Invisible Anchor holds down Prices on Auctions.

Invisible Anchor holds down Prices on Auctions.

At 6pm on Saturday, the James Clearance Rate for $M+ was 60% on the 30 auctions we attended. It was a strong result in light of the market uncertainty, but it was also somewhat to be expected, given that this was a rare high quality weekend with low new stock numbers, and the market at [...]
We all waited with bated breath … AND

We all waited with bated breath … AND

Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker.  And really, what else could you have expected! At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse. The Weekly Review Bidderman, [...]
Good quality stock hard to find in a lacklustre market.

Good quality stock hard to find in a lacklustre market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. That figure is probably inflated due to a lack of quality auctions and very low stock levels, but it does indicate that the quality clearance rate may well be above, rather than below, the Melbourne-wide clearance rate right [...]
Overall buyer weakness is not the explanation for current market inaction. Good homes are getting plenty of buyer demand. But there aren’t many of those. Quality sellers have yet to emerge from hibernation in any great numbers.

Overall buyer weakness is not the explanation for current market inaction. Good homes are getting plenty of buyer demand. But there aren’t many of those. Quality sellers have yet to emerge from hibernation in any great numbers.

So far it’s been a year of low quality stock undermining buyer demand

So far it’s been a year of low quality stock undermining buyer demand

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
Without doubt the market was more positive this week – 80+% in Boroondara

Without doubt the market was more positive this week – 80+% in Boroondara

At 6pm on Saturday, the James Clearance Rate for $M+ was 58% on the 24 auctions we attended.   The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. That was the best performance since our day of surprises a month ago. While one third of the homes passed in with no bidders, thereby virtually [...]
Wheels of supply grinding to a halt – but demand for good homes still out there.

Wheels of supply grinding to a halt – but demand for good homes still out there.

At 6pm on Saturday, the James Clearance Rate for $M+ Inner East and Bayside was 38% on the 26 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1 bidder per auction. These are less than stellar numbers for those looking for comfort in the stats. But to inject a bit of a reality check, [...]

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