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Market News » Demand


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 [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable weekend in Boroondara and the 86% clearance rate certainly indicates that good properties will attract good competition, and that even those that are not so good will sell, as long as they priced correctly. Numbers have been very good at most opens and auctions but, then again, the pickings [...]
Brushing off the winter cobwebs (sort of)

Brushing off the winter cobwebs (sort of)

At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended. The Weekly Review Bidderman - 1.8 bidders per auction. Market Summary Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
Clearance Rate Fillip Belies General Frostiness

Clearance Rate Fillip Belies General Frostiness

At 6pm on Saturday, the James Clearance Rate for $M+ was 66% on the 29 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. Clearly there was a distinct improvement in the number of minds meeting in terms of price this weekend. But we believe that in June 2012, despite lower stock [...]
It wasn’t just the weather that was cold this weekend.

It wasn’t just the weather that was cold this weekend.

At 6pm on Saturday, the James Clearance Rate for $M+ was 57% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was a very weak 1.1 bidders per auction. Market Summary: It wasn’t just the weather that was cold this weekend – so was the general mood at auctions across the board. [...]
May ends with the biggest auction of the year – but turnover down going into Winter

May ends with the biggest auction of the year – but turnover down going into Winter

End of Autumn in a nutshell: Some life at the Top of the Top End with sales over $7m under the hammer at Seacombe Brighton (John Bongiorno) and Mayfield Malvern (Gerald Delany) and through private sale at Domain South Yarra (Andrew Baines) and Hampden Armadale (Jeremy Fox). This follows on from last month’s 5 sales circa [...]
The biggest auction of the year!

The biggest auction of the year!

At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 32 auctions we attended. That figure has been fairly consistent all through May. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction, which has also been consistent throughout May. $M Auction Stock levels were around [...]
This market is more consistent than it appears!

This market is more consistent than it appears!

At 6pm on Saturday, the James Clearance Rate for $M+ was 55% on the 31 auctions we attended, down on last week. The Weekly Review Bidderman, our demand indicator, was steady at 1.6. Market Summary: From the results over the past few weeks, it could be easy to conclude that the market is a bit all over [...]
Keen buyers snap up flush of quality properties

Keen buyers snap up flush of quality properties

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. There are buyers out there for the A graders and well priced B graders. Market Summary: We said last week the market was cool and it was. Agents were glum [...]
Market was cooler this weekend – especially in the $2m to $3m range.

Market was cooler this weekend – especially in the $2m to $3m range.

At 6pm on Saturday, the James Clearance Rate for the $M+  market was 55% on the 33 auctions we attended. The Weekly Review Bidderman, our demand indicator, was at 1.6 bidders per auction. Market Summary: Overall the market continues to show us that well priced quality homes have a very solid following – as you’ll [...]
Low stock levels boost clearance rates

Low stock levels boost clearance rates

At 6pm on Saturday, the James Clearance Rate for $M+ was 74% on the 23 auctions we attended. Welcome back after an extended Easter break. As you were probably aware, there has been nothing to report auction wise until this weekend. Even this weekend it hasn’t been much – in terms of numbers anyway. Overall the market [...]

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