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“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 Block Apology

The Block Apology

The Block Articles in excess of 15,300 reads The heartbroken buyer, who followed the rules, was the winning bidder only to be cheated out of it. Every Saturday Melbourne buyers ask, what more could they have done. Above the quote, above the reserve, highest bidder, followed the CAV and the auctioneer read out rules and they didn’t [...]
Open Letter to Daniel Andrews – Is nobody sticking up for buyers

Open Letter to Daniel Andrews – Is nobody sticking up for buyers

Sellers can now advertise any price they like (no matter how low) and call it not a quote, but a reserve – refuse any buyer offer above that figure at anytime and the Consumer Affairs Victoria state in print (The Age) the seller and their agent are immune from prosecution. Dear Premier, Mr Daniel Andrews and Consumer Affairs Victoria, On Sunday on national [...]
The Block and CAV Underquoting Press Release

The Block and CAV Underquoting Press Release

The Block Underquoted and Consumer Affairs Victoria condoned the behaviour Press Release James Buyer Advocates Mal James mal@james.net.au 0408 107 988 The Andrews Government said they would look out for Melbourne home-buyers and after a genuine attempt with the new Underquoting laws in May 2017, we are now firmly back to the bad ól days before 2017. Many of us saw [...]
Are you serious Scott Cam – Are you serious CAV?

Are you serious Scott Cam – Are you serious CAV?

STOP PRESS 9.00PM SUNDAY NIGHT Congrats to Josh and Elyse, great win on The Block and well done to all the other contestants. I like watching The Block Grand Finale normally – but Are you serious Scott, CAV, Frank and Nicole? Was I watching a real show or Hollywood (where there are no rules)? If there are no rules, what [...]
Game Changer – Stonnington Council Destroys Auction

Game Changer – Stonnington Council Destroys Auction

At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results: Family Home Clearance Rate of 81% on the 36 Inner Melbourne $M+ auctions we covered. Combined with James Bidderman (bidders per auction) @ 1.7 on lowish auction stock numbers. Is the market on a turn? As we said last week, for the first time in a long while, the ingredients [...]
Agent Underquoting & Patrick Dangerfield?

Agent Underquoting & Patrick Dangerfield?

Let’s look at Underquoting and Patrick Dangerfield – both have been in the news lately. This week I read an article, it was on underquoting. It worried me where it was going – it read like a showbiz article and not like what we have been seeing with Underquoting since May. We are seeing that agents have collectively, made massive [...]
Why doesn’t everybody think like this? Read Inside James

Why doesn’t everybody think like this? Read Inside James

The AUCTION MARKET will begin to ramp up over the next few weeks – this week’s James Market Insights are about early indications of the market – which we feel remain strong. This week in James Insights Stonnington – we report on 3 Top End auctions and give you a value analysis of each. Bayside – we cover 2 Winter sold Top [...]
Hard to believe we are knee deep into Early Spring!

Hard to believe we are knee deep into Early Spring!

G’day and welcome back to James Market News. Hope you all had a break from the Melbourne winter! My break was with my youngest daughter, Maddie, in the Top End at Fitzroy Crossing, Kakadu and Kooljaman, Cape Leveque. Aboriginal people know a lot more about land and its value than many of us “new migrants”. Hard to believe it’s been [...]
Game Changer

Game Changer

NOTE 17.6.17: This article was confirmed and published 3.6.17. Withdrawn 6.6.17 when we became aware of new information and remained so until 17.6.17 when we republished with new information. This story is now different from the original article published in good faith, however a lot of the gist of it remains true – except that the winning bidder of [...]
Housing Prices to Drop 7% and the Baloney

Housing Prices to Drop 7% and the Baloney

WOW, what a week in Inner Melbourne! Last Friday we had one active negotiation and by yesterday, we had eight. This is contrary to the talk of a tanking market so in our opinion piece this week, we examine closely the “evidence” used by The Australian to support their ‘Housing prices to drop 7%’ headline. You be [...]
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 [...]
3 Cheers for Daniel Andrews and Consumer Affairs Victoria!

3 Cheers for Daniel Andrews and Consumer Affairs Victoria!

Welcome to Part 1, of the James Big 3 Reports on the changes in the $2M+ inner Melbourne market. In Part 1, we discuss the first change, under quoting. Parts 2 and 3 will be published in the coming weeks. On May 1st 2017, we will hopefully be entering a new era; one that will make our [...]
3 Melbourne Property Market Changes you need to know!

3 Melbourne Property Market Changes you need to know!

  The Inner Melbourne $2m+ Market is CHANGING.   “3 Big Melbourne Property Market Changes are/could be happening in the next month.” Mal James – James Buyer Advocates   At James Buyer Advocates we are preparing a special James Big 3 Report on changes and possible changes hitting the Melbourne Property Market in the next month. What do they mean to you, the buyer? To get [...]
At James Buyer Advocates we are preparing a special Easter Report on the 3 BIG changes hitting the Melbourne Property Market in the next month. Subscribe to Marketnews to make sure you get it.

At James Buyer Advocates we are preparing a special Easter Report on the 3 BIG changes hitting the Melbourne Property Market in the next month. Subscribe to Marketnews to make sure you get it.


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