Stockpickers & Agentpickers
James Buy Sell Market News with Off Markets every Monday
Saturday October 12: Full marketnews.com.au next week – start the 100 Auction pre Xmas test. Just a few new tidbits below!
Melbourne's Top End pre Xmas Market Begins Oct 19th
Bayside Report
Boroondara Report
$20million Hawthorn Grove looking to buy?
Full James Home Rating available: Mal 0408 107 988
Stockpickers & Agentpickers
Mal James
Buy Sell Agent
0408 107 988
mal@james.net.au
Our clients came to us in a buy-sell situation a few months ago. They were not referred, we hadn’t met them before, and they were readers of marketnews.com.au
Due to the difficult Boroondara market, we recommended a multi-agent approach and a quiet off-market campaign. We also recommended touch-ups of a single internal colour, new carpet, and some minor furniture improvements.
There were no public internet costs.
M&R listened and acted – even though the below “Compare The Pair” near neighbour sold after we first met.
We interviewed a number of agents and worked in collaboration with one in particular, Annabelle Feng from RT Edgar. Over lunch we learnt a lot about each other and her background in China, early here in CBD real estate and now. Annabelle is an impressive woman, an impressive person and an impressive agent.
We ran what was ultimately a six-week off-market, one-bid campaign. That was done through an excellent collaboration on strategy between Annabelle, our smart clients (M&R), and ourselves at James Buy Sell.
Compare the Pair
On Market Auction Agent
Same Location & Same Market (NOW)
Same Land Size (1115sqm)
No Heritage - Similar Floor plan issues
Same Agent Quotes $5m to $5.5m
Significant up-front internet costs
Massive Auction - 432 Bids
SOLD $5.811m public
Off Market Multi-Agent
Same Location & Same Market (NOW)
Same Land Size (1115sqm)
No Heritage - Similar Floor plan issues
Same Agent Quotes $5m to $5.5m
No up-front internet costs
Super Quiet - 1 Bid
SOLD well over $6m private
Are you capable of thinking differently and saving?
Stockpickers
Mal James
Buy Sell Agent
0408 107 988
mal@james.net.au
ChatGPT 4.0 Question:
We are in a down market for Melbourne’s Top End family homes. What would Warren Buffett and Peter Lynch do applying their stock market strategies, and whilst there, what would Mal James of James Buy Sell and marketnews.com.au do?
ChatGPT 4.0 Answer: (in it’s entirety and unedited)
In a down market for Melbourne’s top-end family homes, Warren Buffett, Peter Lynch, and Mal James would approach the situation differently, leveraging their unique philosophies:
Warren Buffett:
- Be Fearful When Others Are Greedy and Greedy When Others Are Fearful – Buffett would see the down market as an opportunity to buy premium family homes at lower prices. He values long-term investments and would only purchase if the homes are fundamentally sound, located in good areas, and available at a discount to their intrinsic value.
- Focus on Quality – He would emphasise purchasing properties in prime locations with durable appeal, considering them similar to blue-chip stocks that hold their value over time.
Peter Lynch:
- Buy What You Understand – Lynch would recommend investing in homes or areas you know well, much like his advice for stocks. He encourages buying undervalued assets with strong long-term prospects.
- Don’t Try to Time the Market – Rather than waiting for perfect conditions, Lynch would advise buying when you see a good opportunity, focusing on individual deals rather than market-wide trends.
Mal James (James Buy Sell):
- Focus on the Fundamentals – Mal James would likely suggest focusing on the quality and desirability of the home rather than being swayed by the broader market downturn. He emphasises off-market transactions and using local knowledge to secure undervalued properties.
- Long-Term Value – Like Buffett, Mal James encourages patience, looking for properties with strong long-term value. He would recommend navigating the market carefully and using this moment to secure premium homes at reduced prices.
