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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+ [...]
October Top End Market

October Top End Market

Week Ending Saturday, October 25 James Buyer Advocates are busy: Number of auction homes involved in buying this week was well into double figures. Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE. Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
Apartments

Apartments

Apartment Action Now that the usual winter hibernation is over for the apartments market (for most builders and most bidders) we have seen some good sales for apartments this early Spring – sales of apartments which are set apart from most with some sort of Wow, a big or small emotional factor. Supply and demand for apartments [...]
Stock, Stock, Stock and it’s Good!

Stock, Stock, Stock and it’s Good!

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 2.3. Both Clearance and Bidderman rates are solid as we head into two big auction weekends before the Melbourne Cup. How good is [...]
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 in The Age, Weekly Review, James Buyer Advocates eight article series – Young Homebuyers Guide. How do we put a number to our value opinion? In today’s modern society we [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

Week Ending Saturday, September 13: Market Summary The Market is splitting as it normally does when adjusting to the Spring Influx of properties. This week the market has sent buyers and sellers two very clear messages. If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m  range, then you have [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot After last week’s low number of auctions we had 25 auctions to keep a track of this week. The next two Saturdays see 29 and 31 auctions respectively, so activity seems to be heating up. Half the auctions slated for September 13 centre on Armadale and Prahran so that could be a good guide [...]
After a few quieter weekends, this one was a major volcanic eruption!

After a few quieter weekends, this one was a major volcanic eruption!

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at a whopping 2.6. Only twice this year can we remember it higher. Sure it’s only one day, and maybe it’s the weather, but [...]
Inner City and Northern weekly

Inner City and Northern weekly

Has Spring Arrived Early? It felt hot out there today and indeed we felt the build-up during the last week or so. Today we bought 2 at competitive auctions (low $1m’s and low $3m’s) bought at Off-market circa $4m, missed at one of the longest bidding auctions I’ve been to (at the mid $2m’s) and during the [...]
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 [...]
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Premium Land Guides – Winter 2015. Launched August 1st 2015

PREMIUM LAND GUIDES – WINTER 2015. LAUNCHED ...

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Easter 2015 James Land Value Guides for Inner Melbourne

EASTER 2015 JAMES LAND VALUE GUIDES FOR INNER MELB...

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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OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES

OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CH...

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

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Walking The Walk

WALKING THE WALK...

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

NEGOTIATION AT THE POINTY END...

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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Valuing a Home

VALUING A HOME...

The Age. Weekly Review, James Buyer Advocates Young Homebuyer series is designed to take homebuyers through the entire homebuying process from the ...

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The Hunt Begins

THE HUNT BEGINS...

The Age. Weekly Review, James Buyer Advocates Young Homebuyer series is designed to take homebuyers through the entire homebuying process from the ...

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