Market News » Land


The Market Roar – where and when

The Market Roar – where and when
At 6.00 pm on Saturday we found the market, as we have found it all year; B and C Graders down – A-Graders mixed. A-Grader, by our definition – right Position, right Property and right Price – good PPP‘s. Overall, the market as we go into winter is still declining in its mood, interspersed with some strong results: such [...]
Is now a good time? 6% bought under the hammer today!

Is now a good time? 6% bought under the hammer today!

A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which  sold for $2,750,000, John Morrisby. Contents: 1. Under the Hammer 2. Is Now a Good Time? 3. Dr. Good Strategy 4. Around the Grounds – Auction Reports 5. Market Fresh – one-liners on 25 Top [...]
Younger Homebuyers thriving in 21st Century Inner Melbourne

Younger Homebuyers thriving in 21st Century Inner Melbourne

We are pleased to welcome James Hayward, who has been employed by James Buyer Advocates on a part-time basis, to take a very average Inner Melbourne site (irregular land size of just over 700 sqm, with two older style brick unrenovated buildings) and a very average Inner Melbourne family (arguments, stresses, hope and dreams) and bring them [...]
Many of today’s auctions were about charades, rather than theatre.

Many of today’s auctions were about charades, rather than theatre.

It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a drifting down 62% on the 34 auctions we covered today, in the second week of our James 100 Auction 3-Week Test. Last week it was 68%. James Bidderman, that is bidders per auction, was 1.6, which continues the significant drop of the last four months and represents around a [...]
Values versus Pricing at the Highest End

Values versus Pricing at the Highest End

Week One: Value is not a number, it is a feeling. Price has no emotion, no conjecture, it’s factual. Price is not value and value is not price. I buy a number of family homes for people –  perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
The slowest start since 2012 – but is that bad news?

The slowest start since 2012 – but is that bad news?

Welcome to our $2m plus auction season opener and the first weekend of our three weekend, James 100 Auctions Market Test; specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes. It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a middle of the road 68% on the 34 Auctions we covered today. James Bidderman, that [...]
All the signs point to a solid opening season

All the signs point to a solid opening season

There seems little doubt the market has started a lot better than it finished last year. However, all is still conjecture until the market has spoken over our 3 week James 100 Auction Market Test which will be conducted on Feb 24, March 3, skip long weekend and then March 17th. Pre Christmas, the market was as flat as [...]
I know the newspapers are running scared, but it still feels good, real good!

I know the newspapers are running scared, but it still feels good, real good!

With serious numbers of auctions not starting ’till the end of the month, this week has been about pre markets, off markets and continuing to assess the market temperature. As you can see throughout this report, we are out and about and reporting from around the grounds, on the streets, about things that are happening. And things, even at [...]
“Dummy Bidding” and the Current Market

“Dummy Bidding” and the Current Market

Contents 1. Hammer Watch – Quoting / Underquoting 2. Final Word on The Block and “Dummy Bidding” 3. Inside James – Bumper 5 Stories this week: Don’t buy it – better a missed opportunity than a mistake Build family wealth over individual wealth Handing back a fee to a client – and it hurt – hurt a lot. Pricing Heritage – pricing covenants [...]
Surviving Stonnington Heritage

Surviving Stonnington Heritage

Stonnington’s own residents are being heavily impacted by Stonnington’s “one-off, one-out (random)” Heritage Strategy. It’s the “one-off, one-out” that is the key. It’s the implementation of strategy, not the overall policy, that is hurting the Stonnington Community. Welcome to the third of three articles on a Heritage War happening in your neighbourhood. Your real enemy is your council’s Heritage Strategy; not [...]
Agent Underquoting & Patrick Dangerfield?

Agent Underquoting & Patrick Dangerfield?

Let’s look at Underquoting and Patrick Dangerfield – both have been in the news lately. This week I read an article, it was on underquoting. It worried me where it was going – it read like a showbiz article and not like what we have been seeing with Underquoting since May. We are seeing that agents have collectively, made massive [...]
Hard to believe we are knee deep into Early Spring!

Hard to believe we are knee deep into Early Spring!

G’day and welcome back to James Market News. Hope you all had a break from the Melbourne winter! My break was with my youngest daughter, Maddie, in the Top End at Fitzroy Crossing, Kakadu and Kooljaman, Cape Leveque. Aboriginal people know a lot more about land and its value than many of us “new migrants”. Hard to believe it’s been [...]
Game Changer

Game Changer

NOTE 17.6.17: This article was confirmed and published 3.6.17. Withdrawn 6.6.17 when we became aware of new information and remained so until 17.6.17 when we republished with new information. This story is now different from the original article published in good faith, however a lot of the gist of it remains true – except that the winning bidder of [...]
State of the Market – May 2017 – Opinion

State of the Market – May 2017 – Opinion

What is the market really doing? We get asked this question daily so we decided to conduct a 3-Week, 100 Auction Report challenge during the month of May. Well, there were no surprises! All three measurements showed that the Inner Melbourne market is in what we call “boom times”, but now, since 2008, increasingly what we call [...]
The word from the street – what is really going on?

The word from the street – what is really going on?

Happy Mothers Day to all our Mums – the real home decision makers. This week in James Market News: Market Commentary – Three-week Challenge of 100 reported auctions Auction Action – 33 auction results Inside James – buy-then-sell service and Mal’s auction observations At 6.00pm Saturday, the overall Inner Melbourne market results were solid, if you just look at the Clearance [...]

Inside James Market News