BY Mal James 31st May 2015
Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest)
As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
BY Mal James 9th May 2015
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 93% on the 29 auctions we covered. The James Bidderman, our bidders per auction measurement was at 3.2.
Overall Summary of Melbourne’s Million Dollar-Plus Auctions:
Ducks ($M+ auctions with no bidders) 7%
Lone Rangers ($M+ auctions with one bidder) 11%
Norms ($M+ auctions with 2 [...]
BY Mal James 3rd May 2015
An increasing part of our market – helping Downsizers find the right agent to sell as we look for a new apartment, townhouse or smaller home to move into.
A few sales in April with 3/24-26 Bruce Street, Toorak and 2/126 Walsh Street, South Yarra (Marcus Chiminello) putting sqm prices in the area on interesting footings. [...]
BY Mal James 25th October 2014
Week Ending Saturday, October 25
James Buyer Advocates are busy:
Number of auction homes involved in buying this week was well into double figures.
Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
BY Gina Kantzas 11th October 2014
Now that the usual winter hibernation is over for the apartments market (for most builders and most bidders) we have seen some good sales for apartments this early Spring – sales of apartments which are set apart from most with some sort of Wow, a big or small emotional factor.
Supply and demand for apartments [...]
BY Mal James 13th September 2014
Week Ending Saturday, September 13:
The Market is splitting as it normally does when adjusting to the Spring Influx of properties.
This week the market has sent buyers and sellers two very clear messages.
If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m range, then you have [...]
BY Gina Kantzas 6th September 2014
Apartment buyers and sellers can act like American grizzly bears. They hibernate for winter then wake and stretch for a little while and then, in Spring, they come out and get down to action.
Now, here we are in September and there have been very few high quality apartment sales over the last few months as [...]
BY Mal James 28th May 2014
Part 2 of a 2 Part Masterclass on Buying Homes through Liars
Good Negotiators see lies as actions
What is it we are trying to do? Reach an agreement.
Why is the agent lying to us? To reach an agreement – hopefully with us!
Lies can be very positive things
They can be an attempt by the other side [...]
BY Mal James 10th May 2014
At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8.
Overall Summary of Melbourne’s Million Dollar Plus Auctions:
Ducks ($M+ auctions with no bidders) 26%
Lone Rangers ($M+ auctions with one bidder) 13%
Norms ($M+ auctions with 2 [...]
BY Gina Kantzas 6th April 2014
Penthouses, sub-penthouses, mid-level apartments, garden apartments and apartments. Are they all just marketing terms or do they really help a buyer understand what is being advertised? As more and more buyers turn to apartments as a low maintenance or lock n leave option, more and more questions arise as to what they are [...]
BY Mal James 30th March 2014
Saturday, March 29:
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]
BY Mal James 12th October 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.4. Both are showing a strong market after the footy break.
Ducks (no bidder auctions) – 20%
Lone Rangers (1 bidder auctions) – 10%
Norms (2-3 bidder auctions) [...]
BY Gina Kantzas 17th August 2013
This week our enquiry has predominantly been in the up to mid $1 million range – and what a competitive segment this is, in all parts of Stonnington! We bought a single-fronter in Malvern East at a Boardroom auction on Wednesday (with three active bidders) that had been scheduled for auction on Saturday (Daniel [...]
BY Mal James 1st June 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 77% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9 – back up to bordering on strong!
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 26%
Lone Rangers (1 [...]
BY Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]