Market News » late spring


It feels like it’s going to be OK early.

It feels like it’s going to be OK early.
Hello everybody for 2018! As is our tradition, it’s a decidedly lightweight first-up Market News, as we ease our way back into the saddle. Giddy-up! Today was the first serious day of opens and we have started the year with a some impetus having bought two homes already; contrasting with the flat feeling the market left for most buyers late [...]
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 [...]
G’day 2016!  The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

G’day 2016! The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

Welcome back to James Buyers Agents and Advocates 2016. We have started James Market News a little earlier than planned because we are experiencing solid market interest right here and now in January. SOLID START We have already been involved in substantial buys and sells this year (2016) and currently have seven homes in negotiation; with a [...]
May ends on another Super Saturday

May ends on another Super Saturday

Week Ending, Saturday, May 31 A String of Super Saturdays In the last 18 months or so, there has been continuous growth in the market, with steady demand and supply levels. Today was the second Super Saturday in seven days, with 176 auctions above the $1 million mark, after last weeks 145 or so.  That comes after a [...]
Some strong results away from auction

Some strong results away from auction

Week Ending Saturday, November 30 Biggest Auctions: Port Melbourne, 25 Beach Street, Oliver Bruce (Marshall White), after auction, $5,175,000, 4 bidders Over 80 people poured into the kitchen/living area of 25 Beach street, Port Melbourne today to see Oliver Bruce put the home to auction…(See More in Auction Reports) South Yarra, 17-19 Alexandra Avenue, Tim Derham (Abercromby’s), after auction, [...]
Super, Super Saturday!

Super, Super Saturday!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 40 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Super Saturday It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything. Have a look [...]
The 6 Auction “Majors”

The 6 Auction “Majors”

Published in the Weekly Review It attracts more anticipation than a Grand Final, and a bigger array of stars than the Cup Carnival. And the results are more telling than the Bathurst 500: that’s what Super Saturday, October 27th represents to the largest array of buyers and sellers on offer this year. This coming weekend was always [...]
Hottest market is for the $1.2 to $1.6 million double-fronted timber home in need of some work – with a market price tag on it.

Hottest market is for the $1.2 to $1.6 million double-fronted timber home in need of some work – with a market price tag on it.

Key Points: Crowds smaller and less bidders with a clearance rate at 62% – lowish for Boroondara, however there were around 50 auctions over $1 million. Hottest market is for the $1,200,000 to $1,600,000 double fronted timber home in need of some work with a market price tag on it. Scott Patterson MD of Jellis Craig: Clearance Rate [...]
Up, down and now back up this week. Next week?

Up, down and now back up this week. Next week?

Week Ending November 27th: The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
In the “Burbs” there is a “Bur(b)geoning” Million Dollar Market

In the “Burbs” there is a “Bur(b)geoning” Million Dollar Market

Key Points: Mixed bag around the grounds with an overall clearance rate of 58% Across Melbourne there were 143 reported sales over a million dollars yesterday Biggest auction was 16 Brooke, Eaglemont, with Damien Carter of Miles. On a quote of mid to high $2 million it was bought for just over mid $3 million Agent Q & A: [...]
Super Saturday showed that Stonnington has lost its way.

Super Saturday showed that Stonnington has lost its way.

Key Points: 7 of the 9 Stonnington auctions we attended had no bidders at all, while the remaining two had only one bidder each and this was on a good quality stock day. While there were 18 buys over $1 million, remember that $1 million is entry level here. Why is the Stonnington market so poor? Our left-field and [...]
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 [...]
Top End Bayside had a stellar week in private sales but Lower End was mostly on the nose at auction.

Top End Bayside had a stellar week in private sales but Lower End was mostly on the nose at auction.

Key Points: We attended nine auctions across Bayside this weekend. Of those, only two were bought under the hammer. While Brighton was very average at auction today, it was the stellar performer for stales (long term unsolds) over $3m+ this week. Behind closed doors at Kay and Burton, there was plenty of action. We have a special report for you [...]
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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