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Northern Weekly

Northern Weekly
Based on the volume of new properties to hit the market this weekend right across the north-east and inner-north markets, the first Super Saturday of the early spring market in this area may be August 24. Inner North-East Statistically, the first half of 2013 has seen marginally more million dollar plus sales in Ivanhoe, Ivanhoe East and [...]
Northern Weekly

Northern Weekly

Note: Statistically, this weekend’s numbers are too small to give an accurate summary of the market. How’s the market? That’s a question we as advocates are asked many times each day. The answer can of course change almost as frequently as Melbourne’s weather. But in the north, for the moment, I must say I haven’t seen [...]
Northern Weekly

Northern Weekly

There were a couple of strong results in Fitzroy North this weekend. A large crowd turned out for the auction of the double-fronted Victorian at 147 Falconer Street, the property was initially passed in at $2,090,000 and after negotiations failed to meet the reserve price of $2,200,000, the two remaining interested parties resumed a ‘mini [...]
Northern Weekly

Northern Weekly

The big action in the north this weekend was in the inner suburbs of Fitzroy North and Brunswick, where Arch Staver (Nelson Alexander) managed to get away two significant properties. The double-fronted Victorian at 35 Katawa Grove in Brunswick sold for $1,301,000 with four bidders from an opening vendor bid of $1 million (see below). In [...]
Northern Weekly

Northern Weekly

Inner North East Good supply has been limited recently in this region, as seems to be the case across Melbourne. The $1m – $2m segment is experiencing strong buying demand at the moment, but supply is limited to less than a handful of properties. In this segment, 71 The Eyrie in Eaglemont and 15 Marshall St in [...]
Overall Activity significantly down in $M+ in the month of May

Overall Activity significantly down in $M+ in the month of May

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Market Mojo returns – but is it a One Day Wonder?

Market Mojo returns – but is it a One Day Wonder?

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 [...]
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
Million Dollar Melbourne was not flying this weekend

Million Dollar Melbourne was not flying this weekend

Key Points Ascot Vale, 13 Fisher – Ray White – With views over the Maribyrnong River, this was bought for $2,000,000. Land value $2,000+ per sq metre 8 buys over $1m in Caulfield and Elsternwick this week, including in the heart of the Bagel belt – 31 Aroona with Rochelle Butt of TBM at $2,511,000 Templestowe, 70B Newmans [...]
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.
A little quieter outside the big $M+ markets

A little quieter outside the big $M+ markets

The rest of $M Melbourne Melbourne slipped a cog this weekend with a 64% clearance rate on 25 $M+ reported auctions – a fair way down from last week’s stellar 83% on our 30 monitored $M+ auctions. Some Highlights In Yarra (Richmond to Fitzroy) there were six properties up for auction at around a $million, and six were bought Elsternwick 9 [...]
50/50 on the big stuff. A number of pass-ins but still 15 sales over a million in Melbourne’s north

50/50 on the big stuff. A number of pass-ins but still 15 sales over a million in Melbourne’s north

The standout auction was not necessarily a residential one with a development site going for $3,160,000 or $1600 per sq metre at 20 Park St Moonee Ponds (Andrew Johnstone of Nelson Alexander) Some good home sales 11 Bangalore Street in Kensington (Tony Downward of Biggin and Scott) and nice looking home  with all the bells and whistles [...]
Inner Melbourne still showing no signs of slowing down

Inner Melbourne still showing no signs of slowing down

In Richmond today, the auction at 501 Swan Street had 9 bidders. It felt like we were back to the start of the year in which this was a very common occurrence. Andrew Gibbons of Hocking Stuart announced the property on the market at $795,000 and that’s really when the serious bidding started with bids [...]
Millon Dollar Richmond

Millon Dollar Richmond

There were hints from a number of agents that the Richmond market might be cooling. Today results showed no evidence of this with high clearance rates and seven results over the $1,000,000 mark. Russell Cambridge of Biggin & Scott indicated that there were multiple bidders at all auctions with all properties sold and strong results across [...]
$2m+ is leveling quickly as buyers become more discerning on price; but $1m+ remains full steam ahead on almost anything!

$2m+ is leveling quickly as buyers become more discerning on price; but $1m+ remains full steam ahead on almost anything!

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a solid  75 per cent on good stock numbers. The “frenzy” feel has left the highest of the higher end market for now as the new age businessman and establishment money, who determine the Toorak market, reconsider after (1)    looking at [...]
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