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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 [...]
It’s Easy to Throw in the Towel – Don’t.

It’s Easy to Throw in the Towel – Don’t.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 93% on the 29 auctions we covered. The James Bidderman, our bidders per auction measurement was at 3.2. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 7% Lone Rangers ($M+ auctions with one bidder) 11% Norms ($M+ auctions with 2 [...]
Over Half! Yes over half the auctions today were Volcanoes.

Over Half! Yes over half the auctions today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 92% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 3.4. Market Summary The overall market is clear at the start of the May run. The strongest James Bidderman and James $M+ Clearance Rate combination [...]
50% of the homes are still being bought by local buyers – there are solutions

50% of the homes are still being bought by local buyers – there are solutions

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1. Market Summary – Market News Lite Version There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 90% on the 30 auctions we covered. James Bidderman, our bidders per auction measurement continues to be through the roof on big stock numbers at 2.9. Hello, did we write 90% on big auction numbers  and Bidderman nearly 3 – is this real? [...]
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+ [...]
Boroondara Weekly

Boroondara Weekly

78-80 Mount Street, KEW BOUGHT* RANGE – $4,617,200 – $5,145,850 Auctioneer Steve Abbott is poolside. He notes the strong prices being paid in Kew and the unprecedented demand for the suburb’s schools. As he calls for bids the spa kicks in and gurgles loudly. Steve may have hoped the auction would bubble along accordingly, however, this was [...]
This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.8. It was hot out there today as predicted – 80% of auctions we covered today had 2 or more bidders. Welcome to the first game of the season – the pre-season [...]
The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!

At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
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 [...]
Apartments

Apartments

This week, we have focused on townhouses, as most buyers consider both simultaneously  – at least at the beginning of their search. Making a decision to move to an apartment or a townhouse? Are you asking the right questions? By John Hazen After living in a house on a suburban block for most of their lives [...]
2014 is going out with a bang!

2014 is going out with a bang!

At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2.  After a slight breather last week, it looks like the year [...]
Inner and Northern Weekly

Inner and Northern Weekly

This week, amongst a number of interesting offerings in the inner areas, we visited two properties that stood out in very different ways. 9a Clifton Street, Richmond (Chris Byrne, Collins Simms) is a warehouse conversion with WOW. The sense of space and the aesthetic feel inside are epitomise this style of project, and this house [...]
The best description for the market right now is BIG. Real BIG. Which is not abnormal for this time of the year, nonetheless it feels bigger than the last few years.  It’s big in all aspects – big deals, big price, big demand and big supply

The best description for the market right now is BIG. Real BIG. Which is not abnormal for this time of the year, nonetheless it feels bigger than the last few years. It’s big in all aspects – big deals, big price, big demand and big supply

Slight breather today – nearly 50% of auctions with only 1 bidder

Slight breather today – nearly 50% of auctions with only 1 bidder

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 1.9. Both Clearance Rates and Bidderman are down on the results we saw prior to the Melbourne Cup. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ [...]
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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...

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Understand the effect “Chinese Buyers” have on your market and learn strategies to deal with it

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    The Chinese Phenomenon – Case Studies References: 1) Here is a link to a sample of 500 (Five hundred) homes we have bought recently ...

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Winter 2015 Land Guides

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At James Buyer Advocates we update our land guides in each Suburb precinct and often streets as new information comes in (usually weekly as we are va...

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Easter Land Guides G’day and welcome to our special James Report on the changing of Melbourne’s land values in early 2015 (updated from a...

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Media Release OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES A Federal Government proposal to charge foreign buyers application fees each ti...

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So the talk is over, now its time to walk to the walk. For 20 minutes a week over the last 7 weeks of this series you have been given the keys to a h...

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Negotiation at the Pointy End

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The Age. Weekly Review, James Buyer Advocates Young Homebuyer is an 8 part series designed to take young homebuyers through the entire homebuying pr...

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Practical Valuing

PRACTICAL VALUING...

This week we have gone practical in the quest for a million dollar good home buying decision. This is a supplementary article to Article 5 on values i...

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