BY Mal James 24th May 2013
Week Ending 18th May
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY Gina Kantzas 16th March 2013
The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
BY Mal James 2nd March 2013
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 [...]
BY Adam Woledge 1st December 2012
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 [...]
BY Gina Kantzas 10th November 2012
This week in Stonnington was a little slower paced than the past few weeks but the energy was not subdued. The clearance rate was 46% and Bidderman was 1.3. Interestingly, of the 8 auctions we covered today, only one was bought under the hammer: 18 Central Park Rd Malvern East with Rae Tomlinson of Marshall [...]
BY Mal James 10th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
That low Bidderman rate reflects how the market felt this weekend – quiet.
This lack of activity is hardly unexpected given that the Melbourne market is [...]
BY Gina Kantzas 27th October 2012
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 [...]
BY Mal James 16th September 2012
Week Ending September 15th:
This Weekend with only 3 from 7 over $3m reported as selling before 6.00pm, we feel this shows the market is continuing to struggle on more offerings than not at the Top End.
9 Scotsburn Toorak (Justin Long) with 5 bidders fighting it out to $4,220,000 is a good case study. The result [...]
BY Gina Kantzas 1st September 2012
This week there was good activity on auction day, in contrast to last week in Stonnington. The clearance rate increased to 76% and some good agent work was evident.
Example: 9 Armadale St Armadale with Michael Armstrong of Kay & Burton.
This is a less than A grade home, although it has an A grade position.
I went [...]
BY Adam Woledge 1st September 2012
First day of spring and, although the pickings were a little slim out there, we did see some spirited bidding at many auctions and the sentiment overall seemed positive. Of the eight auctions we attended, six sold, and two passed in.
Of the four auctions I attended, all four sold. It must be said though that, [...]
BY Mal James 1st September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 75% – yep that’s 75% across the 28 auctions we attended. The Weekly Review Bidderman was 2 bidders per auction.
WOW, what a difference a week makes! Sure, it may be a statistical anomaly and the sample is small – but it’s the first day of [...]
BY Gina Kantzas 25th August 2012
This week saw a mixed bag of results, with good activity seeming to happen during the week than at the Saturday auctions. I saw good crowds at opens on Saturday and stood with big crowds (of 120 people) at the two auctions I attended in Stonnington – Jordan St Malvern & Scott Grove Glen Iris. [...]
BY Mal James 25th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
BY Gina Kantzas 11th August 2012
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 [...]
BY Mal James 11th August 2012
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 [...]
BY Adam Woledge 4th August 2012
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 [...]
BY Mal James 29th October 2011
October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts.
The Question: After [...]
BY Mal James 27th August 2011
Week 4 August 27 2011: Not a lot happened at auction in this market this weekend at $3M+, with the exception of 25 Kent Avenue – the action was all last week and it was away from the auctions.
Biggest Sale: 25 Kent Ave, Brighton, Leigh Hallamore (Buxton); After auction, $6,400,000, 4 bidders
Crowd numbers were high [...]
BY Mal James 10th August 2011
Well, here we are in early August – and anything that has been written about the market in the last few months has been to fill some space. Because nothing has been happening. Nothing good and nothing bad – just plain ‘ol nothing.
There’s a saying in our business that the really good agents should take [...]
BY Mal James 6th August 2011
Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker. And really, what else could you have expected!
At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse.
The Weekly Review Bidderman, [...]