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Market News » Demand


The $M+ inner Melbourne market has little option but to remain solid for the moment, with Bidderman showing universal demand for market priced homes and new supply at a trickle in April. On top of this, new stock levels appear well down on initial selling agent expectations for May.

The $M+ inner Melbourne market has little option but to remain solid for the moment, with Bidderman showing universal demand for market priced homes and new supply at a trickle in April. On top of this, new stock levels appear well down on initial selling agent expectations for May.
Super Saturday Sizzles – Bumper Pre Easter Issue

Super Saturday Sizzles – Bumper Pre Easter Issue

At 6pm on Saturday, the James Clearance Rate for $M+ was 79% on the 34 auctions we attended. On what we covered it was a sizzling result (in terms of activity) and supports the market improvement most have been claiming in 2012. HOWEVER this has happened in five of the previous six years (see chart [...]
Buyers and sellers are making decisions again

Buyers and sellers are making decisions again

At 6pm on Saturday, the James Clearance Rate for $M+ was 56% on the 32 auctions we attended. However we think that bare statistic understates the quality of the $M+ market, given we included a number of fringe auctions today and that current stock levels are swollen right now. All in all we think it’s [...]
Only if the price was right

Only if the price was right

At 6pm on Saturday, the James Clearance Rate for $M+ was 57% on the 23 auctions we attended. That figure represented a dip down from last week, but the stock quality was not up to what we have been seeing lately. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. 1 in 3 homes were [...]
Early indications suggest the market has stabilised – but we’ll see what the next few weeks will bring.

Early indications suggest the market has stabilised – but we’ll see what the next few weeks will bring.

At 6pm on Saturday, the James Clearance Rate for $M+ was 74% on the 34 auctions we attended. We are now well and truly in the realm of a balanced market. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction – a significant rise on the last two weeks. Stock levels were fairly solid [...]
The market seems to be strengthening, with demand and clearances up noticeably this week on solid supply numbers. However last year started out like this too, and that turned out to be a short-lived upwards spike.

The market seems to be strengthening, with demand and clearances up noticeably this week on solid supply numbers. However last year started out like this too, and that turned out to be a short-lived upwards spike.

 
By any measure it was a slow start to 2012 at the upper level!

By any measure it was a slow start to 2012 at the upper level!

As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
All buyers are needing to fire their interest is a sign from the market

All buyers are needing to fire their interest is a sign from the market

At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 37 auctions we attended. That figure was steady on last week. The Weekly Review Bidderman, our demand indicator, was also steady on last week, at 1.5 bidders per auction. The $2.5m+ market was weak, with 8 from 10 reported as having passed-in; [...]
The first real auction day of 2012 started quietly out of the blocks, but by the end of the day overall demand was not too bad.

The first real auction day of 2012 started quietly out of the blocks, but by the end of the day overall demand was not too bad.

Hellooo Melbourne Million Dollar Plus Market Watchers and welcome to our first edition for 2012. Two big Melbourne sporting events started again this weekend after a summer hiatus – the Pre Season NAB Cup and the Melbourne Auction scene. On the auction scene, overall demand was not too awful. At 6.00pm Saturday, the James Clearance Rate for [...]
The phenomenon that became evident late in 2011 has continued in 2012. This weekend we counted 46 bidders at 31 auctions – so there is demand out there. But there was no evenness; five auctions had 50% of the bidders, averaging almost 5 bidders per auction. The other 26 auctions averaged just under one bidder per auction.

The phenomenon that became evident late in 2011 has continued in 2012. This weekend we counted 46 bidders at 31 auctions – so there is demand out there. But there was no evenness; five auctions had 50% of the bidders, averaging almost 5 bidders per auction. The other 26 auctions averaged just under one bidder per auction.

Not quite a shocker, though a long way from solid. A real dichotomy between haves (those with bidders) and have nots (those with none).

Not quite a shocker, though a long way from solid. A real dichotomy between haves (those with bidders) and have nots (those with none).

At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 36 auctions we attended. Auction-wise it was only the second 100+ auction day for $M+ homes in Inner East and Bayside since Autumn – and all things considered it wasn’t a shocker. However it certainly wasn’t positive news for sellers with [...]
Today was not as bad as some may have thought – it remained stable at around 50/50. But the market still clearly remains a split one – strong demand on a few and light or no demand on the rest. We feel the current market is best described as a discerning buyers market.

Today was not as bad as some may have thought – it remained stable at around 50/50. But the market still clearly remains a split one – strong demand on a few and light or no demand on the rest. We feel the current market is best described as a discerning buyers market.

Plenty of stock and plenty of choice coming into Christmas

Plenty of stock and plenty of choice coming into Christmas

At 6pm on Saturday, the James Clearance Rate for $M+ was 44% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. But Bidderman is very inconsistent – last week we reported 27 bidders on 5 homes and 14 bidders combined on the other 21 auctions. This week [...]
It was either boiling hot or it was ice cold – depending on the house and how it was priced

It was either boiling hot or it was ice cold – depending on the house and how it was priced

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 29 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. But that average figure doesn’t tell the full story. Market Summary This weekend was a tale of some homes with a lot of bidders and some without any. [...]
It was 50/50 today for $1m+ properties this weekend – but the $4m+ market has rediscovered some of its early Spring legs!

It was 50/50 today for $1m+ properties this weekend – but the $4m+ market has rediscovered some of its early Spring legs!

At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 28 auctions we attended. What made the difference between those that sold and those that didn’t? As with most of this year’s market, quality properties priced to market sold, while those off the boil on price and quality didn’t. The Weekly Review Bidderman, [...]

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