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Is this the real Inner Melbourne market right now?

Is this the real Inner Melbourne market right now?
Below are three homes we visited for clients, but didn’t bid on. We chose them in advance to cover at auction this weekend, from about 50 we had rated. One in each area, one with each key agency, and all in the circa $3 million range. We thought it could be a little taster until next week’s continuing 100 Auction [...]
Big picture bleak, closer examination brighter!

Big picture bleak, closer examination brighter!

Its 6pm Saturday, week one of our fourth and final 2018, 3-week 100 Auction, Inner Melbourne Family Home, Market Temperature Test. Try saying that a few times! The results above and supporting data below are self-explanatory. Yes? No? Maybe? Have you been to an auction, EOI or off-market lately – is it a bit hit and miss? Not really. In fact, we [...]
It’s official, we have a new No. 1!

It’s official, we have a new No. 1!

At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8). Last week our heading was Wipeout – it was a shocking day on the streets (31%) –  today (66%) the results are a bounce back to the previous week (61%) [...]
Cash is Why

Cash is Why

It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test. It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
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 [...]
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 [...]
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 [...]
Scotch College’s buying tactics – Dustin Martin and Ralph Carr

Scotch College’s buying tactics – Dustin Martin and Ralph Carr

End of Year Bumper Edition Contents: Yesterday’s Rout 2017 Year in Review Younger People’s compassion and tax problem Around the Grounds Scotch College’s curious auction strategy Emotion v $ when deciding on a home Transparency The “Reserve” malaise widens Ralph Carr and Dustin Martin Thank you’s 2017 – Top 5 Reads at James Market News Next Edition It’s never as good as it seems and it’s never as bad as it [...]
The Market continues to fragment – a clear sign of easing

The Market continues to fragment – a clear sign of easing

At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results: Family Home Clearance Rate of  72% on the 32 Inner Melbourne $M+ auctions we covered. Combined with James Bidderman (bidders per auction) @ 1.8 on increasing auction stock numbers. The Clearance Rates are now matching Bidderman – they are easing and have been doing so since winter. The stats are becoming consistent – a trend – the beginning [...]
More chance of a rise than a fall ……………

More chance of a rise than a fall ……………

It was a quiet-ish day today on market – off market is a different story – the auction biggies for May starting in numbers the week after next. At that time we will be focusing on James Bidderman (for any movement in demand) and any drop off from overseas buyers. Has all the talk of late begun to bite? This [...]
市场已经启动,就像消防车而不像运货卡车

市场已经启动,就像消防车而不像运货卡车

  9 Victoria Avenue, Canterbury (Scott Patterson) $4,110,000交易成功 – 4位竞拍者 – 超过保留价$610,000 竞拍人数 3  0位竞拍者 16%  1位竞拍者 0%  2/3位竞拍者 48%  4位以上竞拍者 36% James市场总结 截止到今晚6点,墨尔本晚冬市场表现的很强劲,James百万以上房产清盘率为88%,并且在我们观测或参加的25场拍卖中,每场平均有高达3位竞拍者。 近郊市场正迅速脱颖而出 – 部分原因是由于缺少新上市的独栋家庭住房数量。 然而,这并不完全是由于缺少新上市的房产,(我去了Alastair Craige 在87 Rowell Street, Camberwell的公开展示房,他确认新的存量下降了25%),与冬季休假前强势领头的当地市场相反,现在亚洲人市场又出现了,而且还并未到此为止。平均3位竞标者,所有拍卖房产中1/3的好房产出现的井喷现象是一个大新闻——即使发生在存量低的情况下。 当我们说亚洲人市场明显回归,是指它原本的基地,墨尔本市场的发动机——Boroondara的高端市场(Kew, Hawthorn, Canterbury和周围)。 是的,我们是一个多元文化的城市,因此我们无法来确定每一个来参加拍卖人的国籍,因此我们所说的是,在此时此地我们正看到更多强有力的竞标来自有亚洲背景的购房者——要比我们在去年下半年和今年上半年看到的多。 事实正像我们在Boroondara的专家Simone Clarke 和 Matthew Quinn 所报道的那样。 8 Moonbria Kew (Andrew Macmillan) – 5 位竞标者 (3 位有亚洲背景) – $3,075,000上市, 成交$3,825,000. 比保留价高了$750,000. 9 Victoria Canterbury (Rebecca Edwards) – 4位竞标者 (3位有亚洲背景) –$3,500,000上市, [...]
Downsizers New v Old – A clash of generations!

Downsizers New v Old – A clash of generations!

What is starting to interest us, is the real change in what young people are looking for. Young people are The New Downsizers - even before they’ve upsized. Young people are the new downsizers in expectations, in mortgage commitments – $2m or $3m mortgages for many, are neither desirable nor manageable. Many in the younger generation want to travel, [...]
We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

The Inner Melbourne market is showing a return to normality as evidenced by a healthy, but not stratospheric clearance rate of 68 today. Having said that, there is a feeling of subdued excitement amongst agents (listing ok for June) and buyers (Bidderman 2.5 on big stock numbers today) as sellers appear to be coming out of hibernation [...]
In some sections, the market hiccuped a little today

In some sections, the market hiccuped a little today

At 6 pm the James Clearance Rate was 73% on the 30 auctions we covered. Bidderman dipped to 2 bidders per auction. With a lot of stock on offer, we interpret these stats as a hiccup, more so than a radical change – but nonetheless a change could be on – see our references to B and C graders [...]
2016年市场的开端是(······紧锣密鼓)

2016年市场的开端是(······紧锣密鼓)

2016年市场的开端是(······紧锣密鼓)     5/3/2016 代理故意报低价是欺骗行为,我们完全支持CAV和政府的努力 墨尔本近郊数据 竞标人数 2.4  拍卖水平 150  清盘率78 竞标人数  零竞标者  1位竞标者  2/3位竞标者  4位以上竞标者 2.4        13%       13%        45%           29% James市场总结 2016年市场的开端是······紧锣密鼓······涌入······强劲的······震惊。毫无疑问没有什么其他方法来确切描述。我们已经经历了连续三个大型的周末拍卖了。今天事实上是一个超级星期六,市场已经说明了。 2016年一开始就非常强劲。2016年和2015年仅有的区别就是市场上的房屋数量(2016年要少些)和激烈程度(同2015年暴涨, 失控相比,2016年表现强劲)。 我们James买方代理这个月目前为止做了很多事情,我们今天又买了.但恰恰是我们没有买成或没有买的房子揭示了墨尔本近郊房屋市场的真实情况。 34 Bell Street Hawthorn(Steve Burke and Tony Doh) * 在Hawthorn好的单面房(James房屋评估655) * 中介保守的报价是$1,300,000澳元。 * 我们为我们的投资者的估价在$1,600,000澳元左右,我们经过对该地区近期交易仔细的调查,给出了$1,518,000到$1,718,000这样一个区间。 * 开标价为$1,500,000并且到达了可以销售的价位, 另三位强劲的竞标者把卖价推到了$1,720,000. 为了一个单面房在$1,500,000后出现了井喷式的竞标. * 正好在我们估价的高位。 * 如果竞标以那位代理的报价$1,300,000开始,那我相信你会看到6位或7位竞标者。 * 注意:代理报价没有问题——他们有竞标者在那里并且一开始出到了可以销售的价位。 * 信息一:34 Bell Street告诉我们Hawthorn的单面房在市场上有相当大的深度。 * 信息二:买家并不是单一通过James买方代理同中介打交道,而是不断地同那些落标的竞争者打交道。要成功,让我们回头看看我们去年这个时候在拍卖会外的策略吧。 5 Nelson Street Sandringham (Julian Augustini 和 Romana Preston) * 非常高的质地,单层,装修过,木板,Sandringham B级街道, 中等大小的地块特定年代的房屋(James房屋评估727)。 * 代理报价$2,200,000到$2,300,000 * 开拍$2,400,000着实吓到了众人,使得拍卖停顿了一会,这才使买家有了喘息的机会。 * 而这种失去意识只是短暂的,因为有另5位(是的5位)举起他们的手直至$2,655,000。我们的出价上限是$2,725,000。对于一个在Sandringham低于中等地段,高于中等的单层木板房在出价$2,400,000后出现了竞标者井喷现象。 * 在过去的两周里我们在67 Mills看到6位竞标者把价格抬到了$2,790,000,在Edward St有4位竞标者把价格抬到超过了$2,600,000, 今天这里有6位竞标者(应该有十几位预算超过$2,000,000)——因此现在在海湾区中部,家庭住房是很有深度的。 * 注意:代理报价没有错——他们有竞标者在那里,第二次出标后就房屋就达到了可以销售的价位。 * 信息一:当你想在Sandringham/Hampton买一幢$2,500,000左右的A级的房子,你可能有十几位竞标者(请参阅受伤的落标者文章)在看着你,5 [...]

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