Market News » Toorak


“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 [...]
October Market Start  / Stonnington Heritage Reversal

October Market Start / Stonnington Heritage Reversal

Contents October Market Start Edition 1. October Market Start 2. Inside James – An incredible story from Malvern East to Tanzania 3. Game Changer – Stonnington Heritage Reversal It (usually) attracts more than a Grand Final, a bigger array of stars than the Cup Carnival – the results are more telling than the Bathurst 500: that’s what Super Saturday, October 28th will represent to [...]
Crucial Concepts Top End

Crucial Concepts Top End

1. Be Picky – Correct Assessment and Positioning is unforgiving and crucial We assess 30 to a 100 homes every week – we buy 2. Initial James Home Rating typical for an EOI – 23 Hill Street Toorak Click below to go to report  2. Its crucial to get the full offering 4 times more homes over $4,000,000 are bought outside the auction hammer [...]
This week’s game changer – read James Masterclass – see what a normal block in Toorak is now worth!

This week’s game changer – read James Masterclass – see what a normal block in Toorak is now worth!

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 Withdrawn 6.6.17 when we became aware of new information and remained so until 17.6.17 when we republished with new information.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 [...]
You think newly zoned land is the same – it’s not – it’s a $700,000 difference.

You think newly zoned land is the same – it’s not – it’s a $700,000 difference.

In James Market News today: Under Quoting – Only 8 more sleeps to go Todays auction action Off Markets Chris Richardson from Access Economics – Opinion Big Changes Part 2 – zoning and $700,000 difference on one block With the Easter break, very few auctions today, most of the activity is off market. We expect it be the same again next week, before we burst [...]
Let’s face a home truth – the elephant in the room – population

Let’s face a home truth – the elephant in the room – population

Ferocious bidding on the right homes – despite this being the largest auction start to a year in Melbourne auction history – the market lapped it up, spat out a few and said ”feed me, feed me, give me more.” At 6.00 pm the James Clearance Rate on Inner Melbourne Homes was close enough to 90% – yep [...]
Welcome to 2017 – Back on the hustings today

Welcome to 2017 – Back on the hustings today

Clockwise visits today – no substitute for foot leather, listening, looking and listening again. 1st Slide Clockwise from top left: Malvern East:$2.5m?  – little cutie – no, not the agent John Manton – the house. Good crowds at the OFI. Hawthorn: $4m? Off -Market or Pre-Market? – good family home. Crowds – Only one! Armadale: $4m? Nice one – listening [...]
How to buy a Top End home well – it’s different!

How to buy a Top End home well – it’s different!

INTRODUCTION If I told you buying a home at the Top End is more about trust than money, would you believe me? Maybe, maybe not. Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End. Towers Road, Toorak (Marcus Chiminello) Bought 2016: James Home Rating 942/1000 Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]
It’s going to be a white (hot) Christmas

It’s going to be a white (hot) Christmas

Welcome to our 2016 Bumper Christmas Edition. In this, our last article for 2016 – the key to good sex, nothing about that American bloke and a segment on how to get $70,000 for free every year. Plenty of positives, but apologies we don’t seem to have any fake news! And to the Inner Melbourne Market. Wow, what a finish [...]
We’ve got No Trumps today

We’ve got No Trumps today

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is 88% on the 26 Auctions we covered today. James Bidderman, that is, bidders per auction, is 2.8. Super Strong. Big numbers of bought befores and look at the Volcanoes 48%. That means every second auction had 4 or more bidders and how about this; there were 15 bidders [...]
Toorak land breaks the barrier of $10,000 per sqm and produces a 5 bidder $9,020,000 auction.  Let’s put that in perspective: Toorak land – yes, it is AAA – but WOW – is now similar in price to Brighton beachfront, Domain and Middle Park.  More perspective: 4 years ago Toorak land was around 60% of the per sqm rate of Brighton beachfront and Middle Park premium. The Big Boy (and Girl) is well and truly back on top.

Toorak land breaks the barrier of $10,000 per sqm and produces a 5 bidder $9,020,000 auction. Let’s put that in perspective: Toorak land – yes, it is AAA – but WOW – is now similar in price to Brighton beachfront, Domain and Middle Park. More perspective: 4 years ago Toorak land was around 60% of the per sqm rate of Brighton beachfront and Middle Park premium. The Big Boy (and Girl) is well and truly back on top.

The Elements, Sniffs and Senses are there – but the buyers Mmmmm.

The Elements, Sniffs and Senses are there – but the buyers Mmmmm.

The BIG question for the next two months before the July winter hiatus is………Price. Will seller expectations match buyer expectations? At auctions the answer appears to be a yes, but away from auctions (off markets) we are not so sure. In our opinion, most market inaction away from auctions is due to sellers. There is no doubt there are [...]
We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

We’re back and the market is still in a forward gear, sans the 2015 Asian overdrive.

The Inner Melbourne market is showing a return to normality as evidenced by a healthy, but not stratospheric clearance rate of 68 today. Having said that, there is a feeling of subdued excitement amongst agents (listing ok for June) and buyers (Bidderman 2.5 on big stock numbers today) as sellers appear to be coming out of hibernation [...]

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