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Hard to believe we are knee deep into Early Spring!

Hard to believe we are knee deep into Early Spring!
G’day and welcome back to James Market News. Hope you all had a break from the Melbourne winter! My break was with my youngest daughter, Maddie, in the Top End at Fitzroy Crossing, Kakadu and Kooljaman, Cape Leveque. Aboriginal people know a lot more about land and its value than many of us “new migrants”. Hard to believe it’s been [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, the start of 2012 mirrored most of 2011, with stock-shortage being the buzz word amongst agents and buyers. As the year progressed, we saw vendors adjust their expectations as agents finally realised they had to work harder to make vendors understand that the value of their property may have fallen. The interest [...]
The Private Sale Clearance Rate in $M+ Melbourne was around 1 in 4 over last 6 weeks. However at auctions this weekend it was ‘even-stevens’ between Buyers and Sellers. Bidderman 2.2

The Private Sale Clearance Rate in $M+ Melbourne was around 1 in 4 over last 6 weeks. However at auctions this weekend it was ‘even-stevens’ between Buyers and Sellers. Bidderman 2.2

At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%. Our Demand Indicator Bidderman was 2.2.  Hmmm – an interesting increase but it was off a very low turnover. Today’s Highlights 1)      Bidders were present at 18 of the 22 auctions we covered –  and at three auctions there were 6+bidders 23 [...]
Bidderman did not miss a beat today – still at 2.3 bidders per auction.

Bidderman did not miss a beat today – still at 2.3 bidders per auction.

It is 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 74 per cent on the 19 auctions we attended and reported on today. What effect did the interest rates have this weekend? Nil. The only thing we noticed was a few more bought befores, maybe meaning a couple of nervous vendors. We saw 51 [...]
So, you’re buying your first apartment…

So, you’re buying your first apartment…

Firstly you must realize that buying an apartment is not the same as buying a house. After going through all your options regarding lifestyle, location, investment options and finally deciding that you want to buy an apartment then it’s time to start going through all the issues that you [...]
Depending on your nature this is either a half empty or half full glass situation

Depending on your nature this is either a half empty or half full glass situation

Overall another very negative weekend for auctions evidenced by the fact that only 2 sold from the 16 we attended as a group. The clearance rates at auction for $1m+ homes is nowhere near the reported overall low 60’s % of the last month. Our comment on the market is that is has [...]

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