BY Mal James 12th May 2013
Week Ending May 11th Some Follow Ups
17 Seymour Grove, Brighton on 1055sqm has sold for $3,400,000 after passing in at auction with a vendor bid of $3 million prior to Easter (Campbell Cooney, Hodges Real Estate)
5 Leslie Grove, Brighton, on 3374 sqm of land, has sold for circa $8 million (Nick Johnstone, [...]
BY Mal James 20th April 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9.
Welcome back after the Easter break.
Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
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 Adam Woledge 16th March 2013
While it was nice to take a breather last week, the property market in million-dollar-plus Melbourne certainly looks to be rolling on in a positive way.
Some recent sales of interest:
25 Redmond Street, Kew (James Tostevin, Marshall White) – This sold strongly before auction for around the $2.9m mark. Bought for land value only, and working [...]
BY Mal James 16th March 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
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 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 23rd February 2013
After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
BY Adam Woledge 16th February 2013
Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee.
BY Mal James 16th February 2013
Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
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 Mal James 1st December 2012
Here are our awards for 2012. Our criteria is that we must have dealt with the agent several times in 2012 and that we look at things from a buyer’s perspective – which we as buyers think is 50% of the game.
Our Best Four Auctioneers
We run into a lot of good auctioneers each weekend. In [...]
BY Adam Woledge 24th November 2012
The market felt quite positive today, with most good properties attracting multiple bidders and selling well. The overall Clearance Rate for Boroondara $M+ was a whopping 88%.
Two of these were Land Sales, with solid results –
3 Grange Ave Canterbury (Daniel Bradd, Kay and Burton) – 1155m2 south rear with sloping down block, selling for just over $2355/m2
BY Adam Woledge 17th November 2012
It was a reasonable day on the Boroondara auction streets on Saturday, although it was still a little subdued compared to Super Saturday a few weeks ago. Of the 12 auctions we attended, 9 sold and 3 passed in (75%), which aligns closely with the overall $1m+ market in Boroondara (72%).
The hammer rate, where [...]
BY Adam Woledge 10th November 2012
It was a quieter day in terms of auction numbers, which is understandable given we were coming off the Melbourne Cup weekend. That said, there were good numbers at opens and auctions we attended. Of the nine auctions we reviewed, two sold before, four sold on the day and three passed in – not bad [...]
BY Adam Woledge 27th October 2012
A busy day (that started off with a near perfect ¾ latte at Porgie and Mr. Jones at 8.30am). At all six auctions I attended, there were good numbers of people (averaging 100), and across the 14 auctions attended by our advocates in Port Phillip, only three were passed in.
A great result for the owners [...]
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 Adam Woledge 20th October 2012
It was a busy day around the Boroondara auction traps this weekend. Of the 12 auctions we monitored, 9 sold, representing a fairly healthy 75% clearance rate. While the Melbourne-wide Bidderman sat at 1.5, Boroondara Bidderman was slightly higher, at 1.7. We certainly feel the market has lifted; numbers at properties are up, sentiment is [...]
BY Mal James 20th October 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 61% across the 31 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.
While those figures did not represent a noticeable improvement in the stats, we think the market has shifted to a positive note in the last fortnight as you will see [...]
BY Adam Woledge 13th October 2012
As we move well into spring, the large train that is the Melbourne property market is slowly starting to move. Of the six auctions we attended this weekend, five sold and Bidderman was a healthy ‘2’. Boroondara is seeing good numbers of people out looking - and there are some good properties to look at.
While auction numbers [...]