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 Kristen Hatt 17th August 2013
The $3 million plus market has been alive and kicking this year. Seven properties have been sold in the last eight weeks at this level – almost one per week.
9 Dawson Avenue, Brighton, circa $4 million – Peter Kennett, Hocking Stuart
9 Linday Street, Brighton, high $2 millions – Kate & Rob Strickland, Marshall White
13 Bay [...]
BY Kristen Hatt 23rd March 2013
Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington.
Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
BY Kristen Hatt 23rd February 2013
The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation.
According to Campbell Cooney (Hodges), there is pent-up demand [...]
BY Kristen Hatt 16th February 2013
Welcome to the first Bayside market wrap for 2013.
From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
BY Gina Kantzas 1st December 2012
As this is the final Marketnews for 2012, some highlights below
Most memorable Auction;
43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012
Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
BY Gina Kantzas 10th November 2012
This week was a quiet one in Bayside with low numbers at Opens and even a few agents taking a day off to attend the races. But the hard work had already been done as good new stock levels appeared.
The clearance rate was 64% on a total of 12 auctions. Next week there will be [...]
BY Mal James 10th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
That low Bidderman rate reflects how the market felt this weekend – quiet.
This lack of activity is hardly unexpected given that the Melbourne market is [...]
BY Mal James 27th October 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction.
Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad!
Ducks (no bidders):14% Lone Rangers (1 bidder):27% Norms (2 [...]
BY Gina Kantzas 1st September 2012
This week we saw an increase in our enquiry levels and as the week progressed, we also noticed an increase in mid-week transaction levels. This was after weeks of solid crowd numbers at auctions.
Of particular note was the fact that three properties were sold in as many days by the Buxton group (see our Market [...]
BY Gina Kantzas 18th August 2012
This week our discussions were about uncertainty and how it can affect buyer decisions. At the moment there is uncertainty about the new stock levels coming on to the market (we’re hoping for more choice in Spring), there is increasing uncertainty regarding banks’ preparedness to lend (see our Market Insight article); and there may also be [...]
BY Gina Kantzas 23rd June 2012
Mid Year Bayside Report
The Top of the Top End market right now in Bayside is on life support, as it is barely breathing. This year I can think of only one sale over $5m in Bayside, and that was Marshall White’s $7.77 million sale on Brighton’s Golden Mile last month. Compare this to Stonnington and [...]
BY Mal James 31st March 2012
Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter.
But to keep some perspective [...]
BY Mal James 24th September 2011
Recently we gave a talk to more than a hundred high net worth individuals at the Sandringham Yacht Club for Peter Wilson of Godfrey Pembroke where we involved the participants in a hands-on exercise that introduced them to “valuing” high end homes.
There were three steps to the process. First we asked them to give [...]
BY Mal James 1st June 2011
A key focus for many buyers at the moment is to not pay too much. Fair enough - it’s a healthy focus But if this is the only focus, then as a buyer of a good home or a good investment you may miss out on the main game – to BUY WELL.
Take a golfer [...]
BY Kristen Hatt 7th May 2011
Are we in for some Super Saturdays at the end of this month?
Jenny Dwyer, Hocking Stuart (Sandringham): “The market for the foreseeable future would suggest that a more balanced supply line is occurring at present – the days of “Super Saturday” may have come to an end until the Spring market appears for 2011 (unless [...]
BY Mal James 7th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise
The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
BY Kristen Hatt 9th April 2011
Clearance Rate for quality homes was stronger than our stats show today
If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled.
Hampton 7 Raynes Park Road with Stephen Wigley [...]
BY Kristen Hatt 2nd April 2011
Brighton is like Stonnington at the moment, if it’s good its selling. The market has eased, but unlike last year a number of vendors have responded. However nobody says things are moving upwards yet. What are stock levels going to be like Post Easter – will the significant overhang be taken up, removing [...]
BY Kristen Hatt 19th March 2011
The level of market softness outside the heart of Brighton surprised most
Brighton 29 St Ninians: Passed in on a vendor bid of $7,300,000.
Brighton 18A Martin: Passed In for $3,300,000. 1 bidder.
On a buying note the Golden Mile in Brighton is still alive and well with Regina Schmidt and Brian Devlin from Buxton getting 2 [...]