BY Kristen Hatt 16th November 2013
Are vendors getting ahead of the market? Bayside, like much of $1 million plus Melbourne, saw a correction last week, in terms of the number of bidders across the properties available, as well as the number of properties actually bought.
This may have been because vendor expectations have shifted up, or because of the lower quality [...]
BY Kristen Hatt 17th August 2013
The $3 million plus market has been alive and kicking this year. Seven properties have been sold in the last eight weeks at this level – almost one per week.
9 Dawson Avenue, Brighton, circa $4 million – Peter Kennett, Hocking Stuart
9 Linday Street, Brighton, high $2 millions – Kate & Rob Strickland, Marshall White
13 Bay [...]
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 Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]
BY Kristen Hatt 16th March 2013
There were over 20 auctions on in Bayside again this weekend. But even while other areas of Melbourne continued to see strong clearance rates (Boroondara 77% for February 23 and March 2; and Stonnington 78% and 85% respectively), Bayside clearance rates on March 2 were down considerably on the previous weekend. Only 44% of the [...]
BY Adam Woledge 2nd March 2013
There is a good feel to the market right now. Buyers are positive and vendors also seem to be on board and prepared to meet the market. Along with this, the media is mainly positive about the market, which always helps. I must say some properties that I felt would struggle (e.g. those with compromised [...]
BY Kristen Hatt 2nd March 2013
This week, buyers and sellers alike have been eager to see whether the market would back up last week’s clearance rates. Nine fewer homes were up for auction this weekend, but that’s still 20 auctions over $1,000,000. Some of these were bigger properties that have been on the market for over 12 months – [...]
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 Kristen Hatt 16th February 2013
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 [...]
BY Gina Kantzas 24th November 2012
This week in Bayside there was action in terms of sales, although open numbers still seemed mediocre. Crowd numbers at auctions today were average, but bidder numbers seemed consistently stronger – in particular at land value auction sales:
37 Margarita St Hampton (Frank Hellier) had 5 bidders
101 Dendy St Brighton (Halli Moore and David Hart) had [...]
BY Gina Kantzas 17th November 2012
This week Bayside performed admirably with a 68% clearance rate and 1.5 bidderman – figures similar to the overall $M market. 5 out of the 8 auctions we reported on sold today. There are fewer auctions next week but steady increases in auction numbers for the early weeks of December.
A land value sale of note [...]
BY Gina Kantzas 10th November 2012
This week was a quiet one in Bayside with low numbers at Opens and even a few agents taking a day off to attend the races. But the hard work had already been done as good new stock levels appeared.
The clearance rate was 64% on a total of 12 auctions. Next week there will be [...]
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 27th October 2012
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 [...]
BY Mal James 22nd October 2012
Published in the Weekly Review
It attracts more anticipation than a Grand Final, and a bigger array of stars than the Cup Carnival. And the results are more telling than the Bathurst 500: that’s what Super Saturday, October 27th represents to the largest array of buyers and sellers on offer this year.
This coming weekend was always [...]
BY Gina Kantzas 1st September 2012
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 [...]
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 Mal James 28th July 2012
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.
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 [...]
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, [...]
BY Kristen Hatt 9th April 2011
Clearance Rate for quality homes was stronger than our stats show today
If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled.
Hampton 7 Raynes Park Road with Stephen Wigley [...]