Market News » Demand


Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
Bayside Weekly

Bayside Weekly

Bay View The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation. According to Campbell Cooney (Hodges), there is pent-up demand [...]
Boroondara Weekly

Boroondara Weekly

After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
So how did the market start?

So how did the market start?

At 6.00 pm the James Clearance Rate was 66% and Bidderman, our bidders per auction measurement, was 2.2. Well, here we are knee-deep in the thick of it. This was a borderline Super Saturday, as is early next week, meaning we have around 150 scheduled Million Dollar plus auctions in Inner East and Bayside. We say borderline [...]
Bayside Weekly

Bayside Weekly

Bay View Welcome to the first Bayside market wrap for 2013. From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
Bayside weekly

Bayside weekly

As this is the final Marketnews for 2012, some highlights below Most memorable Auction; 43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012 Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids  – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
Boroondara Weekly

Boroondara Weekly

A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were: 28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton) 3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon) 5 Urquhart Street, Hawthorn (Antony [...]
More subdued this week – even if the stats suggest otherwise

More subdued this week – even if the stats suggest otherwise

At 6pm on Saturday, the James Clearance Rate for $M+ was 67% on the  31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. While the stats mightn’t show it, things were definitely quieter this weekend than a few weeks ago. We found the bidding more subdued, but we think [...]
Stonnington Weekly

Stonnington Weekly

This week was all about Super Saturday in Stonnington. But the action actually started after last Saturday’s auctions and the momentum built throughout the week. The clearance rate was 61% today. Of the 12 auctions we reported on, only 2 sold under the hammer. 2 sold after and 3 sold before. My day today started very [...]
Did it Suck or did it Sizzle? We think it Sizzled!

Did it Suck or did it Sizzle? We think it Sizzled!

At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad! Ducks (no bidders):14%    Lone Rangers (1 bidder):27%  Norms (2 [...]
Sold Under the Hammer. No its not, even when you think it is.

Sold Under the Hammer. No its not, even when you think it is.

It’s on the market at $1,550,000, it’s sold under the hammer at auction for $1,990,000. Only it is not. Three times this year we have bought properties for LESS than what the home either cost, was sold under the hammer or was passed-in at auction. Hawthorn East: In the first instance we bought a home in Hawthorn [...]
Bayside Weekly

Bayside Weekly

This week we saw an increase in our enquiry levels and as the week progressed, we also noticed an increase in mid-week transaction levels. This was after weeks of solid crowd numbers at auctions. Of particular note was the fact that three properties were sold in as many days by the Buxton group (see our Market [...]
Stonnington Weekly

Stonnington Weekly

This week I was asked how are we experiencing the market “out there”? There has been a dearth of family homes on offer in Stonnington and there does not seem to be much new stock coming on. Prospective buyers are there and while some are feeling impatient, most are still prepared to wait for a property [...]

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