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9 Buyers near 9 Million in Glen Iris – Hello Dolly!

9 Buyers near 9 Million in Glen Iris – Hello Dolly!
At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered. Bidderman was up a skerrick to 1.6 bidders per auction [...]
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 [...]
Looking to sell Off-market

Looking to sell Off-market

Looking to sell Off-market? Most people know Mal and Gina at James Buyer Advocates because of the public homes they’ve bought, like But you never see the many, many private homes they buy quietly and confidentially Off-market. Lyall St Hawthorn, Black St Brighton, The Ridge Canterbury, Hodgson St Kew, Stanhope St Malvern x 2, Favril St Hampton, Grace [...]
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 [...]
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 [...]
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 [...]
“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 [...]
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 [...]
October Market Start  / Stonnington Heritage Reversal

October Market Start / Stonnington Heritage Reversal

Contents October Market Start Edition 1. October Market Start 2. Inside James – An incredible story from Malvern East to Tanzania 3. Game Changer – Stonnington Heritage Reversal It (usually) attracts more than a Grand Final, a bigger array of stars than the Cup Carnival – the results are more telling than the Bathurst 500: that’s what Super Saturday, October 28th will represent to [...]
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 [...]
Let’s face a home truth – the elephant in the room – population

Let’s face a home truth – the elephant in the room – population

Ferocious bidding on the right homes – despite this being the largest auction start to a year in Melbourne auction history – the market lapped it up, spat out a few and said ”feed me, feed me, give me more.” At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep [...]
How to buy a Top End home well – it’s different!

How to buy a Top End home well – it’s different!

INTRODUCTION If I told you buying a home at the Top End is more about trust than money, would you believe me? Maybe, maybe not. Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End. Towers Road, Toorak (Marcus Chiminello) Bought 2016: James Home Rating 942/1000 Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy [...]
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, [...]

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