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Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.
At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
Inner City and Northern Weekly

Inner City and Northern Weekly

Inner City People love these Inner City areas for their condensed urban profile, which is great for convenience and proximity to the city, but brings with it a different type of living. For example, buyers here are prepared to trade off the possibility of noise for the reward of being in the action. Car parking is [...]
Bidders out in force on a big weekend

Bidders out in force on a big weekend

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 28 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.9. Not only is that higher than we’ve seen in a long, long time (we’ll have to check our records) it is [...]
Super Saturday..Again!

Super Saturday..Again!

At 6.00 pm on Super 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 at 1.9. Next weekend there will be a break with the Queen’s Birthday weekend, leaving us only two auction weekends until the June/July school [...]
Market back on the boil – for now

Market back on the boil – for now

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. Both measurements are solidly up. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 16% Lone Rangers ($M+ auctions with one [...]
Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow! If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
Pre-Easter Market Really Motoring Along Now

Pre-Easter Market Really Motoring Along Now

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. (Note that we have included an auction from Thursday night.) This weekend the market continued on its merry way – lapping up WOW homes and [...]
Chinese Buyers continue to Underpin the Top End of the Market

Chinese Buyers continue to Underpin the Top End of the Market

Saturday, March 29: Market Summary 2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now. This weekend was another Super Saturday with over 150 Auctions in [...]
Balwyn – not Toorak or Brighton – saw 40% of this weekend’s $3m+ sales

Balwyn – not Toorak or Brighton – saw 40% of this weekend’s $3m+ sales

At 6.00pm Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Both stats are up on the last few weeks. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Second Super Saturday in seven days and the upper auction market burps

Second Super Saturday in seven days and the upper auction market burps

At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45  auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Market Summary On the face of it that was a big drop from last weekend’s “red zone” numbers. We agree – but it should be noted that our [...]
2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!

At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
An up and down end to 2013

An up and down end to 2013

At 6.00pm on Super Saturday the James Clearance Rate for Melbourne’s $M+ property was 62% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8 – down on last week. Ducks (no bidder auctions) – 24% Lone Rangers (1 bidder auctions) – 18% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ [...]
Back in the Red Zone!

Back in the Red Zone!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 79% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. That’s a big rebound from last week. But the stock was very different and we saw a lot less properties above $3 million. It [...]
Back in the saddle, but a bit of a shocker at the Top End!

Back in the saddle, but a bit of a shocker at the Top End!

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. $3M+ PLUS It was a bit of a shocker weekend for the [...]
Super, Super Saturday!

Super, Super Saturday!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 40 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Super Saturday It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything. Have a look [...]
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