BY Kristen Hatt 23rd March 2013
Bay View
Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington.
Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
BY Mal James 1st March 2013
So the Melbourne Market has started hot and the pressure is on to make a decision and make it quick. There’s a home! Buy it! – Deal done! – Phew!
If that sounds like you, you might want to consider three key issues:
1) Were you born smart or were you born lucky?
2) Are all homes the [...]
BY Kristen Hatt 23rd February 2013
Bay View
The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation.
According to Campbell Cooney (Hodges), there is pent-up demand [...]
BY Guy Angwin 23rd February 2013
Two top homes
I looked at two sensational properties last week in Princes Hill (Carlton North). The first was 29 Wilson Street, a property managed by Glenn Bartlett of Woodards Real Estate, and which is up for auction on March 2 at 1.00pm.
Built in 1897, Avely is on 830 sqm of land (huge land for the [...]
BY Guy Angwin 16th February 2013
It’s the calm before the storm in Port Phillip, with only four auctions this weekend: two in Port Melbourne, one in Albert Park and one in South Melbourne. Next weekend (Saturday 23, February) will be a Super Saturday, with a large number of auctions across Melbourne and 18 auctions above $1m in Port Phillip in [...]
BY Guy Angwin 16th February 2013
Two top homes
I looked at two sensational properties last week in Princes Hill (Carlton North). The first was 29 Wilson Street, a property managed by Glenn Bartlett of Woodards Real Estate, and which is up for auction on March 2 at 1.00pm.
Built in 1897, Avely is on 830 sqm of land (huge land for the [...]
BY Mal James 27th October 2012
With what was described as the biggest auction weekend in nearly two years, agents were certainly on tenterhooks as to what Saturday would bring. Their fears turned to relief and perhaps even delight, as Greg Hocking from Greg Hocking Holdsworth, David Wood from Hocking Stuart and Kaine Lanyon from Marshall White all reported strong results. [...]
BY Mal James 23rd June 2012
Making Good Decisions this Winter
How to avoid the Winter Home Hunting Blues
Why making Good Decisions are as important now as they ever have been
To buy or not to buy – the arguments on both sides
Ideas for some Good Goals
How to avoid the Winter Home Hunting Blues;
a. Take Stock: If you don’t have a lot [...]
BY Mal James 29th August 2011
The Block was great entertainment – but for me it was also the best reality TV show in a decade because it showed the harsh reality of what happens when you break all the rules in the property investment book.
I took the opportunity to go through each property a few weeks before the auctions and [...]
BY Mal James 17th August 2011
This article first appeared on Property Observer, Australia’s top site for property investment news and advice.
The projected priciest offering of the four Richmond houses on The Block is 37 Cameron Street, renovated by the hometown couple Jenna and Josh, according to James Buyer Advocates. All four properties go to auction this weekend.
The buyers’ agency deemed 41 Cameron [...]
BY Mal James 1st June 2011
A key focus for many buyers at the moment is to not pay too much. Fair enough - it’s a healthy focus But if this is the only focus, then as a buyer of a good home or a good investment you may miss out on the main game – to BUY WELL.
Take a golfer [...]
BY Mal James 25th May 2011
As we pointed out last week, even in a buyers’ market it is still possible to buy badly. You can buy the wrong home for your family, or you can commit the lesser but still significant sin of paying too much for a home.
Why is paying too much a sin? Because it not only lessens [...]
BY Mal James 18th May 2011
Just because we’re in a buyers market, with some great opportunities to buy good properties well, don’t think that means you have the upper hand when it comes to bidding at auction.
Many first time buyers think an auction is a matter of turning up and “winging” it. But when you are bidding on a home, [...]
BY Mal James 7th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise
The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
BY Mal James 30th April 2011
Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends.
Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
BY Mal James 13th April 2011
With March auction clearance rates on Melbourne’s million dollar plus properties down in the 50s we seem now to be firmly in the grip of an early winter chill. The average number of bidders per auction is down at around 1.5, and the number of ‘volcano’ auctions with four or more bidders having dropped from [...]
BY Mal James 9th April 2011
At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month.
Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
BY Adam Woledge 2nd April 2011
Key Points:
Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
BY Guy Angwin 19th March 2011
Key Points:
Port Phillip the star performer today and especially solid in that early one million bracket
Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below
Agent Q & A:“What is your take on the Economist’s article that Australian [...]
BY Mal James 5th March 2011
At 6pm on Saturday the James $M+ Clearance Rate on the 32 auctions we covered dipped to 59%. For the second week in a row there were around 150 new $M+ listings in our main coverage area of Bayside and the Inner East. Buyers have firmly said to sellers – “if it ain’t priced right [...]
