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Northern Weekly

Northern Weekly
Auctions of interest this weekend – 261 Amess Street, Carlton North sold for $2,320,000 under the hammer with three bidders. This was a double-fronted, double-storey terrace (James Keenan, Nelson Alexander) that we  rated at 561/1000. This was a good result given that the last two auctions of similar properties we have attended (18 Rowe Street and 60 [...]
Intuition alone is not a great basis for good homebuying decisions!

Intuition alone is not a great basis for good homebuying decisions!

So the Melbourne Market has started hot and the pressure is on to make a decision and make it quick. There’s a home! Buy it! – Deal done! – Phew! If that sounds like you, you might want to consider three key issues: 1)      Were you born smart or were you born lucky? 2)      Are all homes the [...]
To some “Bank Vals” are important, to others not so!

To some “Bank Vals” are important, to others not so!

Upper end home values in general and Bayside in particular are being “raked over the coals” by the banks at the moment – not to put too fine a point on things. Directives implied or specific have come from the banking bosses that the Top End, an in particular Bayside, is a little “fruity” for now [...]
Bayside Weekly

Bayside Weekly

Bayside Valuations Bayside upper end home values are being “worked over the coals” by the banks at the moment – not to put too fine a point on things. This can be a positive and sensible thing for banks to do in light of the information they have. They actually are acting prudently (which is good for [...]
Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.

At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]
Stonnington Weekly

Stonnington Weekly

This week I was asked how are we experiencing the market “out there”? There has been a dearth of family homes on offer in Stonnington and there does not seem to be much new stock coming on. Prospective buyers are there and while some are feeling impatient, most are still prepared to wait for a property [...]
Making Good Decisions in Winter 2012

Making Good Decisions in Winter 2012

Making Good Decisions this Winter How to avoid the Winter Home Hunting Blues Why making Good Decisions are as important now as they ever have been To buy or not to buy – the arguments  on both sides Ideas for some Good Goals How to avoid the Winter Home Hunting Blues; a. Take Stock: If you don’t have a lot [...]
Boroondara Weekly – 67% and another solid week

Boroondara Weekly – 67% and another solid week

An interesting weekend in Boroondara. Although the weather was mainly clear, it was shoes off at most house inspections. The overall clearance rate was 67%, which is not too bad. I went to three auctions, and all three passed in. Although not without their shortcomings, none of these three houses were poor properties by any [...]
Port Phillip Weekly

Port Phillip Weekly

Over the last few weeks I’ve spoken about off market properties and unless you have an agent’s ear it’s unlikely you would know about them. However, there is a group of properties for sale in Port Phillip that appear on the internet, yet don’t have auction or for sale boards on them. 48 St Vincent Place Albert [...]
Stonnington Weekly

Stonnington Weekly

Bayside Weekly

Bayside Weekly

Bayside Weekly

Bayside Weekly

James Private Client Briefings contain far greater and more client-specific detail than what you see  below and are available for full service James Search and Negotiate clients throughout Melbourne.Contact  us: For a  private, confidential and no obligation discussion on what is really happening  in your street, precinct and suburb from a buyer’s perspective, contact Architect  [...]
Boroondara Weekly

Boroondara Weekly

Lesser quality on offer today and more pass-ins. But properties are selling if the vendor wants to sell. All four of the Boroondara auctions I attended today were supported well by crowd numbers, but bidders were few and far between. Did the recent financial news of Greece have an impact, or was it merely the quality [...]
Stonnington Weekly

Stonnington Weekly

James Private Client Briefings contain far greater and more client-specific detail than what you see  below and are available for full service James Search and Negotiate clients throughout Melbourne.Contact  us: For a  private, confidential and no obligation discussion on what is really happening  in your street, precinct and suburb from a buyer’s perspective, contact Architect  [...]
Port Phillip Weekly

Port Phillip Weekly

Stock levels are continuing to be an issue in Port Phillip according to Greg Hocking of Greg Hocking Real Estate and Alex Schiavo of Kay and Burton. However, it’s not all bad news. David Lack of Biggin and Scott Real Estate has had a strong week with two off market sales in Port Melbourne and one [...]
Mixed offerings – what was expected to sell did and what wasn’t didn’t – Clearance 50%

Mixed offerings – what was expected to sell did and what wasn’t didn’t – Clearance 50%

James Private Client Briefings contain far greater and more client-specific detail than what you see  below and are available for full service James Search and Negotiate clients throughout Melbourne.Contact  us: For a  private, confidential and no obligation discussion on what is really happening  in your street, precinct and suburb from a buyer’s perspective, contact Architect  [...]
A return to form with 3 sales over $4m under the hammer – Clearance 64%

A return to form with 3 sales over $4m under the hammer – Clearance 64%

A solid day on the Boroondara auction streets today, with 4 sales over $4m under the hammer and an overall clearance rate of 64% for the Million Dollar plus market. Of the eight auctions we featured, 7 sold. Crowds were very good at most auctions at open for inspections – thankfully the rain stayed away but there [...]
The well priced had multiple bidding – 71%

The well priced had multiple bidding – 71%

James Private Client Briefings contain far greater and more client-specific detail than what you see  below and are available for full service James Search and Negotiate clients throughout Melbourne.Contact  us: For a  private, confidential and no obligation discussion on what is really happening  in your street, precinct and suburb from a buyer’s perspective, contact Architect  [...]
A solid enough weekend at 60%

A solid enough weekend at 60%

James Private Client Briefings contain far greater and more client-specific detail than what you see  below and are available for full service James Search and Negotiate clients throughout Melbourne.Contact  us: For a  private, confidential and no obligation discussion on what is really happening  in your street, precinct and suburb from a buyer’s perspective, contact Architect  [...]
Validation and Dealmaking

Validation and Dealmaking

The Reserve Bank‘s interest rate cuts can have mixed results at the Top End. The Reserve Bank gave us all a bit of a surprise with its recent rate cut of 50 basis points. But the impact of the rate cuts at the Top End could be mixed. The diagram below shows the progress of two identical [...]
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26 SHAKESPEARE GROVE
777
/1000
HAWTHORN
19 WILKS AVENUE
616
/1000
MALVERN
66 CENTRAL PARK ROAD
794
/1000
MALVERN EAST
15 DAVIES STREET
618
/1000
MALVERN EAST
25 WIMBA AVENUE
785
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KEW
31 MOORHOUSE STREET
633
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CAMBERWELL
19 YUILLE STREET
758
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BRIGHTON
2/2 ROCKLEY ROAD
610
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SOUTH YARRA
318 HAMPTON STREET
635
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HAMPTON
4A CHASTLETON AVENUE
676
/1000
TOORAK
4 ARMADALE STREET
803
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