Price Paradoxes in a Lifting Market
MAL’S MID-YEAR MARKET SUMMARY
A few real stories. A few real signs. And a real market (almost).
Last night — at the end of one of our busiest weeks in months — we missed out on a home in Malvern East for a client.
It had sat for yonks, overpriced.
But now, with a price drop?
Gone. Multiple bidders. Competitive….the discount in the end was not that much
Exciting Winter and Spring Ahead?
MAL’S MID-YEAR MARKET SUMMARY
A few real stories. A few real signs. And a real market (almost).
The Haves & The Have Nots… Bidders That Is
An improving market — currently disguised by the statistics of the haves (bidders) vs the have-nots (interest).
No Overall Election Bounce Yet – Still A Slog for Many
We covered 33 Auctions today as Week 1 of our 100 Auction Top End Test 2025M2. Bidderman 1.3 and Clearance 61%
How Much is Toorak Worth?
This Week in Melbourne Real Estate – A Market in Motion?
Let’s start with Toorak — reportedly down over 25% in 2024 (according to last week’s press).
Melbourne Land, Building and Renovation Values 2025
Our Price Burger model isn’t only about market timing — but market context does matter. And the graphs and data we’re seeing right now tell a clear story: many buyers are overpaying, and many sellers aren’t selling — because they haven’t fully grasped the market reality.
Trumpy Trump, Melbourne Property & You
What would happen if Donald Trump and Mal James walked into a room and gave you advice on buying a home?
OOO
Because the job people pay me for is the 3 O’s:
• Opinions
• Options
• And ultimately… Outcomes
And while people want more, it’s not more opinions, or even more options.
It’s more outcome.
Where’s the Special Sauce: Big Mac Mystery
YES. But Mal my house didn’t sell or hasn’t attracted any interest and yet you said the market is a lot better!
That’s correct my friend. Look at the graphic above. We are just turning a corner and those that are selling are at market not 10 to 20% above market. We are nowhere near 2021 yt!, but we are seemingly chortling back in that direction!
Volatility Confirms the Turn?
Have I gone too early?
Looking at today’s results, that’s a fair question to ask. Clearances (61%), Bidderman (1.5) — back into the no so brilliant range on the 33 auctions we covered today.
It’s a bird, it’s a plane, no it’s SuperMarket
We covered 39 Auctions today as part of our 100 Auction Test to begin 2025M1. She’s Strong!
Yep Its Turning
And to start – all I can say is WOW.
What a change in mood,
What a change in outlook,
What a change in early February results between 2024 and 2025.
Make (Lose) an Additional $3M on Your Heritage Project
Do the maths and play the percentages. A great buyer agent with period home experience costs 1-2% of your purchase price. Your renovation could cost anywhere from 20% to 150% of that purchase price. That’s up to 130 times the cost of good advice.
Welcome TOP END 2025
Real Estate Top End: Welcome to 2025!
The first serious open numbers are rolling in, and many agents in Melbourne are reporting big numbers. Of course, we agents tend to be optimistic about our potential earnings – it’s in our DNA!
Letter to Santa. Been Naughty or Noice? > $100m in ’24
With Santa starting his engines, we look back upon our year and we also ask some of the best going around their opinion on how they found 2024 and what they think of early 2025 will bring.
Top End 2024
Second last for the year as we wind into Santa – this week a real page turner click on this to see what happened in 2024.
I’m Getting Out & Getting On
Last night culminated in another no-exception deal. Our client bought a great home pre-auction, one she really wanted, and Rae made us pay, as she almost invariably does, by lining up some stiff competition out of nowhere.
Style v Substance
Bayside is back with the mantle of our worst Top End market and why many are still being recommended to go to auction right now is unfathomable in the make sense department, especially when the seller is spending $10,000 to $20,000 to fail
Buyers Don’t Believe in Bayside’s Big Brands
Buyers Don’t Believe in Bayside’s Big Brands
How can Bayside’s auction clearance rate be below 50% so often, with fewer bidders per auction than auctions themselves, yet major brand agents still claim their branding makes a difference?
Some Fight in the East
Spring results show the market is still falling! Price is the absolute brand on the home. It used to be Heritage, then twas reno’s, now its price that scares
