BY Mal James 30th November 2013
At 6.00pm on Super Saturday the James Clearance Rate for Melbourne’s $M+ property was 62% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8 – down on last week.
Ducks (no bidder auctions) – 24%
Lone Rangers (1 bidder auctions) – 18%
Norms (2-3 bidder auctions) – 45%
Volcanoes (4+ [...]
BY Adam Woledge 16th November 2013
With Christmas in everyone’s sights, the next four to five weeks is likely to be interesting. Will the year finish off as strongly as it did last year? Only time will tell.
In terms of new properties coming on to the internet, we really only have two weeks left. Although I suspect that we’ll still be [...]
BY Guy Angwin 17th August 2013
East Melbourne Terraces
A couple of weeks ago we witnessed 160 Powlett Street, East Melbourne going under the hammer for around $1,500,000. There were nine bidders in total and it leaves you wondering where the other eight bidders are looking now.
Apartments can be found for this sort of price in East Melbourne, but houses pop up [...]
BY Mal James 10th August 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 67% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.7 – a little down on previous weeks.
Ducks (no bidder auctions) – 19%
Lone Rangers (1 bidder auctions) – 25%
Norms (2-3 bidder auctions) – 45%
Volcanoes (4+ bidder [...]
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 24th May 2013
Week Ending 18th May
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY Guy Angwin 20th April 2013
Inner North Insights
The year has started strongly in Eaglemont and Ivanhoe with at least thirty reported sales above $1 million, including two above $2 million. 2 Summit Drive, Eaglemont (Woodards) on more than 2000sqm of land, was passed in on a vendor bid of $2.5 late March and has since sold for an undisclosed amount. [...]
BY Adam Woledge 23rd March 2013
This weekend saw a solid result in Borondara with 66% on 70 auctions, concluding the first quarter of 2013 with the same strength and up-vibe sentiment that we saw at the end of 2013.
There were four bidders for 6 Hepburn Street in Hawthorn East, taking the price to $4,415,000. Kew saw a sale [...]
BY Gina Kantzas 23rd March 2013
With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%.
Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
BY Gina Kantzas 16th March 2013
The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
BY Mal James 16th March 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
BY Adam Woledge 2nd March 2013
There is a good feel to the market right now. Buyers are positive and vendors also seem to be on board and prepared to meet the market. Along with this, the media is mainly positive about the market, which always helps. I must say some properties that I felt would struggle (e.g. those with compromised [...]
BY Gina Kantzas 2nd March 2013
Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate. This weekend we went even better with a strong 85% clearance rate overall.
Of the 8 auctions we covered, 2 were bought before, 2 had no bidders and [...]
BY Gina Kantzas 23rd February 2013
This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
BY Mal James 22nd February 2013
East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders
There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
BY Adam Woledge 16th February 2013
Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee.
BY Mal James 1st December 2012
Here are our awards for 2012. Our criteria is that we must have dealt with the agent several times in 2012 and that we look at things from a buyer’s perspective – which we as buyers think is 50% of the game.
Our Best Four Auctioneers
We run into a lot of good auctioneers each weekend. In [...]
BY Adam Woledge 24th November 2012
The market felt quite positive today, with most good properties attracting multiple bidders and selling well. The overall Clearance Rate for Boroondara $M+ was a whopping 88%.
Two of these were Land Sales, with solid results –
3 Grange Ave Canterbury (Daniel Bradd, Kay and Burton) – 1155m2 south rear with sloping down block, selling for just over $2355/m2
BY Gina Kantzas 24th November 2012
This week around the traps – the men and women at Kay and Burton were out in force on their quiet and off-market sales
Armadale, 14 Myamyn St (Gowan Stubbings – Kay and Burton), this was sold for the mid $3 millions in 2009, and changed hands again during the week for towards the mid $4 [...]
BY Gina Kantzas 17th November 2012
This week seemed fairly quiet across the board in terms of crowd numbers at Opens and at auctions. Agents were not too enthusiastic about new listings for December and those that I spoke with, were talking up vendors wanting to wait until February to list their properties for sale.
Today the clearance rate for Stonnington was [...]