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Welcome to 2017 – Back on the hustings today

Welcome to 2017 – Back on the hustings today
Clockwise visits today – no substitute for foot leather, listening, looking and listening again. 1st Slide Clockwise from top left: Malvern East:$2.5m?  – little cutie – no, not the agent John Manton – the house. Good crowds at the OFI. Hawthorn: $4m? Off -Market or Pre-Market? – good family home. Crowds – Only one! Armadale: $4m? Nice one – listening [...]
How to buy a Top End home well – it’s different!

How to buy a Top End home well – it’s different!

INTRODUCTION If I told you buying a home at the Top End is more about trust than money, would you believe me? Maybe, maybe not. Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End. Towers Road, Toorak (Marcus Chiminello) Bought 2016: James Home Rating 942/1000 Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
Clearance rates high, but the urgency didn’t feel as intense this week – possibly due to the large influx of new spring stock. Bidderman was down – last week was really strong; it really was, this week was solid but weaker.

Clearance rates high, but the urgency didn’t feel as intense this week – possibly due to the large influx of new spring stock. Bidderman was down – last week was really strong; it really was, this week was solid but weaker.

OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES

OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES

Media Release OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES A Federal Government proposal to charge foreign buyers application fees each time they buy property in Australia is ‘tickling around the edges’ – and it won’t tackle the ‘seismic’ changes in Melbourne’s housing market. Mal James of James Buyer Advocates in Melbourne says 50 to 75 per cent of properties [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE. Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
Stock, Stock, Stock and it’s Good!

Stock, Stock, Stock and it’s Good!

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.3. Both Clearance and Bidderman rates are solid as we head into two big auction weekends before the Melbourne Cup. How good is [...]
Hasta La Vista Winter!

Hasta La Vista Winter!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 69% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2. Ducks (no bidder auctions) –23% Lone Rangers (1 bidder auctions) – 17% Norms (2-3 bidder auctions) – 46% Volcanoes (4+ bidder auctions) – 14% Another win [...]
Steady as she goes on low auction stock levels

Steady as she goes on low auction stock levels

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2 Ducks (no bidder auctions) – 25% Lone Rangers (1 bidder auctions) – 9% Norms (2-3 bidder auctions) – 47% Volcanoes (4+ bidder auctions) – 19% A win to [...]
Boroondara Weekly

Boroondara Weekly

On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim. This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]
Catch a falling star

Catch a falling star

At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended. The Weekly Review Bidderman was 1.4 bidders per auction. Market Summary The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
Flood of new stock could seriously challenge prices.

Flood of new stock could seriously challenge prices.

Key Points: Very little on offer at auction today It was the second largest new stock week since March – note our new stock graph below. A property of 1800sqm in Heath St Sandringham failed to attract a bidder, in fact neither did much of Sandringham. A quiet $3m+ sale at 31 Black St Brighton, as reported by JP Dixon Who said [...]
The crowds were out and the Quoting Question hots up.

The crowds were out and the Quoting Question hots up.

It’s 6pm Saturday and the James Clearance Rate stands at 59 per cent on the 27 auctions we attended. Yes, a drop-off from past weeks, but there should be a mop-up over the next week and, if there is, then it’s more of the same in a warming market. Please note James Market News is now translated into Chinese [...]
It’s not how you buy, it’s what you buy

It’s not how you buy, it’s what you buy

At 5pm Saturday, just two of the 13 auctions we attended today have sold under the hammer, with another two or three expected to be sold overnight. The market is speaking on two levels – at median Melbourne, the results are weakening slightly but overall the market hasn’t taken anywhere near as [...]

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