Market News » Demand


This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.

This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 81% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Ducks (no bidder auctions) –18% Lone Rangers (1 bidder auctions) – 13% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ bidder auctions) – 24% Another win to the Norms! Market This [...]
Market Is Transacting

Market Is Transacting

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered.   The Weekly Review Bidderman, our bidders per auction measurement, was 1.5, which over the last three weeks has been a bit up and down. Ducks (no bidder auctions) – 28% Lone Rangers (1 bidder auctions) – 19% Norms [...]
Northern Weekly

Northern Weekly

We had been looking forward to the auction of 155 Clarke Street Northcote (Luke Sacco, Nelson Alexander), a home we rated 659/1000 and one of the strongest looking properties I’ve seen for a while. I was quite taken by this property with its link to the past, yet well renovated for the future. However, unlike the [...]
Northern Weekly

Northern Weekly

Based on the volume of new properties to hit the market this weekend right across the north-east and inner-north markets, the first Super Saturday of the early spring market in this area may be August 24. Inner North-East Statistically, the first half of 2013 has seen marginally more million dollar plus sales in Ivanhoe, Ivanhoe East and [...]
Steady as she goes on low auction stock levels

Steady as she goes on low auction stock levels

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2 Ducks (no bidder auctions) – 25% Lone Rangers (1 bidder auctions) – 9% Norms (2-3 bidder auctions) – 47% Volcanoes (4+ bidder auctions) – 19% A win to [...]
Demand is looking strong, so where is the stock? Once it starts coming in, it’s likely we’ll be seeing the word “record” increasingly being used to describe results – and with some legitimacy.

Demand is looking strong, so where is the stock? Once it starts coming in, it’s likely we’ll be seeing the word “record” increasingly being used to describe results – and with some legitimacy.

Market strong, even on small pickings

Market strong, even on small pickings

Hello and Welcome back to Market News At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.5 – that’s an increase from last month. But it’s from a small sample, probably too small to [...]
It’s tough at the top (for some buyers)

It’s tough at the top (for some buyers)

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 76% on the 41 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2 which, like last week, continued to be strong for this time of year – especially compared with June 2012. In terms of bidder demand at [...]
Demand is up, and prices have continued to increase from the bursting start they got just before Xmas 2012. Prices on many good homes are now fully 10% above where they were less than 10 months ago – and back near, at or past the previous highest peak of 2010.

Demand is up, and prices have continued to increase from the bursting start they got just before Xmas 2012. Prices on many good homes are now fully 10% above where they were less than 10 months ago – and back near, at or past the previous highest peak of 2010.

Last hurrah before winter sets in for auctions after next week!

Last hurrah before winter sets in for auctions after next week!

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 [...]
Northern Weekly

Northern Weekly

Auctions of interest this weekend – 261 Amess Street, Carlton North sold for $2,320,000 under the hammer with three bidders. This was a double-fronted, double-storey terrace (James Keenan, Nelson Alexander) that we  rated at 561/1000. This was a good result given that the last two auctions of similar properties we have attended (18 Rowe Street and 60 [...]
A dozen properties bought-before – that’s a change!

A dozen properties bought-before – that’s a change!

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 [...]
The market has lost a tad of momentum, due to lack of interesting stock, but the underlying demand is still strong. Only two more solid weeks before we ease into our Winter hibernation. There is an old saying in real estate take your holidays in the “J” months – June, July and January. In 2013 that rings true.

The market has lost a tad of momentum, due to lack of interesting stock, but the underlying demand is still strong. Only two more solid weeks before we ease into our Winter hibernation. There is an old saying in real estate take your holidays in the “J” months – June, July and January. In 2013 that rings true.

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 [...]
Market Spike or Stepping Stone to a new Peak?

Market Spike or Stepping Stone to a new Peak?

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 [...]
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