BY Mal James 20th April 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9.
Welcome back after the Easter break.
Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
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 Mal James 12th February 2011
Welcome to Million Dollar Melbourne in 2011
With the Auction Season Opener hitting us between the eyes on February 19, we know that the big question for buyers, sellers and agents is: What is going to happen in 2011?
The feeling in late 2010 was that the market was cooling and we shared that view on price [...]
BY Mal James 2nd October 2010
The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
BY Mal James 14th August 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer.
On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
BY Mal James 31st July 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 49% for the 37 auctions we attended. By 8pm it was 62% (seemingly a balanced result between buyer and seller).
Bidderman, our Demand Indicator, was at 1.6 – a level we feel continues to be a good representation of current demand: borderline – a market that may be [...]
BY Kristen Hatt 24th July 2010
Bayside this week had a clearance rate of 7 from the 11 monitored properties this week – or 63%. This was up on the 40% to 50% of the last few weeks in May, but it was on a smaller turnover.
Bidderman, our demand indicator, was 1.3 bidders per auction – which is still lowish if [...]
BY Mal James 17th July 2010
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%.
Our Demand Indicator Bidderman was 2.2. Hmmm – an interesting increase but it was off a very low turnover.
1) Bidders were present at 18 of the 22 auctions we covered – and at three auctions there were 6+bidders
BY Mal James 5th June 2010
SUPPLY OVERHANG BUILDS
First some stats. Last Saturday’s (May 29) Auction results showed strong evidence of “auction overhang” in Port Phillip where the clearance rate was 32% clearance rate on the 22 auctions we monitored.
Seven days later the reported clearance rate had lifted from 32% to 45%, with only three of the pass-ins and unreporteds reported as having [...]
BY Mal James 29th May 2010
It’s 6pm Saturday and the James million-dollar-plus Clearance Rate on the 41 auctions we attended today was 61%.
Bidderman is 1.7 and it seems to have found a momentary level of some strength on large numbers of auctions.
We monitored 174 $million sales across 56 Melbourne suburbs.
Overall Clearance rate is 60% for those 174 auctions and in [...]
BY Mal James 1st May 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a solid 75 per cent on good stock numbers.
The “frenzy” feel has left the highest of the higher end market for now as the new age businessman and establishment money, who determine the Toorak market, reconsider after
(1) looking at [...]
BY Mal James 16th August 2008
Continuing on from our comments last week about the increasing overhang of unsold properties. Of the 80 pass-ins (at around a million and above) we examined between April and now less than ½ have since sold after an auction pass in.
The current unsold pass in and private sale hangover and the [...]
BY Mal James 24th May 2008
Negotiation Practice 101…
Hope your house hunting is going well.
Over the coming weeks you may well notice stock numbers dropping dramatically. There are two reasons for this; we are heading into winter which traditionally is a quieter time of year (some vendors don’t like to sell at this [...]