BY Peter Sinclair 1st June 2013
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 [...]
BY Peter Sinclair 25th May 2013
One auction we were looking forward to this weekend in the inner north-west was 19 Richardson Street in Essendon (Christian Lonzi, Frank Dowling Real Estate – Essendon). This is a grand looking home, although not overly large, but it was well-renovated and had a lovely feeling. It lacked an ensuite and the flats to one [...]
BY Peter Sinclair 27th April 2013
Inner North East
Good supply has been limited recently in this region, as seems to be the case across Melbourne. The $1m – $2m segment is experiencing strong buying demand at the moment, but supply is limited to less than a handful of properties.
In this segment, 71 The Eyrie in Eaglemont and 15 Marshall St in [...]
BY Kristen Hatt 23rd March 2013
Bay View
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 1st March 2013
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 [...]
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 Guy Angwin 24th November 2012
The sale of 29 Albert Street Port Melbourne by Frank Callaghan of Frank Gordon Real Estate this weekend was an indication that there is warmth in the market at around $1 million – particularly when the fundamentals are right with a property, as they were with Albert Street. It is a period home, has good [...]
BY Adam Woledge 25th August 2012
On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim.
This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]
BY Adam Woledge 2nd June 2012
In Boroondara, the auction mood was a little frosty. But in the jewel suburbs of Kew, Hawthorn and Hawthorn East, 8 from 8 scheduled auction properties sold. Of the 8 auctions we attended, 5 sold – so the news overall was not too bad.
Most of the top selling agents continue to get solid results, namely:
Scott [...]
BY Mal James 29th March 2012
We’re in a tricky market pre Easter 2012. One minute there’s spark of life, the next the puff has gone. As a buyer you may be feeling a little confused. How can I buy well in this market?
First, let’s think about what buying well means. If you think it means a guaranteed market outcome, forget [...]
BY Mal James 6th July 2011
What’s more important in buying a home – the deal or the feel? In this market most buyers are focused on the deal. But if I can give the guys out there one piece of advice more profound that any Tibetan wisdom and more important than a receipt at tax time – there is a [...]
BY Mal James 22nd June 2011
The big talk on the property market is auction clearance rates: the fact they are well below last year (true) and that they are perhaps even lower than what agents are claiming (maybe).
Last year auction clearance rates across Melbourne were regularly in the 70s percentage-wise. This year they are in the 50s – so it [...]
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 Mal James 30th April 2011
Volume: Has a lot changed in Million Dollar Melbourne between April 2010 and April 2011? Well, yes and no. April 2010 had around the same number of REIV reported $1m+ sales (maybe a 10% variance with the chance of late reported April 2011 sales to bring the April 2010 and April 2011 numbers closer together) [...]
BY Kristen Hatt 16th April 2011
Quiet day for us all this weekend at the million dollar level. Has been a great year for buyers so far, long may it continue. Have a safe and happy Easter and enjoy the time with your family – Kristen.
John Clarkson, Hocking Stuart, Brighton: “Certainly buyers will not feel as dominant post Easter due to [...]
BY Kristen Hatt 9th April 2011
Key Points:
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 Mal James 19th March 2011
Key Points:
Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically.
Nobody bid at the 19 Kingston St Malvern East auction (Iain Carmichael) at $4,250,000 but 2 bidders emerged post auction and fought it out afterwards to a price well in excess of the reserve and well in [...]
BY Kristen Hatt 19th March 2011
Key Points:
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 [...]
BY Guy Angwin 19th March 2011
Key Points:
Port Phillip the star performer today and especially solid in that early one million bracket
Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below
Agent Q & A:“What is your take on the Economist’s article that Australian [...]
BY Kristen Hatt 4th December 2010
Key Points:
We covered 8 auctions in Bayside – not one was bought under the hammer but half sold after auction.
The biggest sale was recorded at 4/23 St Ninians, Brighton (Stewart Lopez of Kay and Burton), which was bought for $4,825,000.
The biggest pass in was at 29 Sussex, Brighton (Greg Costello, RT Edgar), $3,350,000, no bidders
Agent [...]
