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The Future is So Bright

As we begin our Year in Review – 2024 feels super exciting

This has been a wonderful year in my life, in my property dealings and made me even more incredibly positive about the future of humans.

I sincerely hope you have had the same kind of year and I know many of you have.

Life’s highs are about emotions and why I love buying and selling property, almost never investments, almost always for a family to live in… because I feel the emotion, and it makes me feel alive.

Collaboration Innovation Trust

In the intricate dance of off-market and EOI negotiations the extra sauce combo of collaboration, innovation, and trust is not just beneficial but often crucial in achieving outcomes that are favorable for you, the buyer, seller and/or even the agent.

OMG! Boroondara Councillors

Are you serious councillors, or is this a misprint in The Age (Adam Carey Nov 14)

“Boroondara (all 11 councillors) said it opposed the government’s decision to give residents the freedom to build secondary homes – or granny flats – on their properties without a planning permit, raising concerns about neighbourhood character, amenity and car parking.”

Councillors, have you got no children, no humanity, no economically challenged workers?  Do you ever leave your castles and see what is happening in the real world to families, to renters, to those we all rely on in the community who don’t earn 500K a year.

$30m of No Compromises

As we travel through our fourth and final market of the year – the pre Santa 2023M4 – and in a week where Sim, Gina and Mal quietly completed $30million in transactions – although none at auction, little coverage on the internet and no mainstream media – we thought it could be interesting for us to put forward some thoughts on how we see negotiations.

2023M4 – Lava is Flowing

The market was so frosty last week I was starting to think we may be in for another down market at 2023M4.

Hey what do I know about Melbourne real estate…….talk of interest rises, wars and many other not so nice things and today on a Super Saturday:

BANG, the market lifts and Big Time!

AI

In Brighton yesterday, hosting a couple of my fav and super smart students from Blockchain Innovation class RMIT – Austern (Malaysia) Beatrice (Canada) Kelly (China)

Melbourne’s Suez Canal

Now, in October, we find ourselves in Melbourne Property’s own version of the Suez Canal.

The only consistent time of the year when so much needs to squeeze into a very short time space, as we exit the September footy and school holiday interruptions and approach the interruptions of the November Melbourne Cup holiday week preluding the run to Santa.

Market has changed again

Spring 2023: Melbourne’s housing market sees decreased auction transparency with only 20% selling under the hammer. Prices slightly retreat, particularly for non-premium homes. Inner East remains a hotspot due to Aussie Asian demand, while Bayside and Stonnington face challenges. Market volatility is evident.

Done in 4 hours

They saw it for the first time at 10:00 am yesterday and by 2:00 pm, after a rigorous diligence process including legals, building inspections, and valuations, it was theirs.

Same House Same Agent 50% up in 3 years

3 Chrystobel Crescent Hawthorn (Grace Park). Sold under the hammer today by Desiree Wakim for $7,400,000 – 2 bidders – no change in the home from 2020 when it sold for $4,850,000 with the same agent

How To Start a Reno Well

With the July/August Market feeling very different to the June Market, the next 100 auction test beginning August 26 will be compulsory viewing for all those buying and selling who have money on their mind.

Hawthorn Volcano @ $8m

Today Gina, Mal and the team at James Buy Sell bought for clients a very special home at auction, 25 Hawthorn Grove Hawthorn. Price Quote was $6,800,000 to $7,300,000. On Market at $7,500,000. Sold $8,020,000. 4 Bidders. Crowd over 100.

Below are our James Buy Sell rating, provenance, and due diligence, some correspondence, valuations, and thoughts the day before and on the day of the auction.

Weekly Cycles can be 10% of Price

Stay tuned to Marketnews and find out what the market is really doing NOW – not what it was doing historically, several months ago.

Getting it right is 10%!

Renovation Fairytales

In the past month, we have successfully completed five stunning renovations in Elwood, Brighton, and Glen Iris—all of them under $500,000.

Advice Given (Winter Stories)

CEO Simone Clarke out today with Zali Reynolds at a James Buy Sell Multi-agent off market in Glen Iris. Good numbers through this home so far on the back of a great result Simone managed (multi-agent, off market) at Bella Vista Glen Iris in late June.

Mostly Positive

We ended this week with three buy-sell transactions, exceeding $20 million in total. Notably, two of these were off-market deals, and all three involved multiple agents, with two in Kew and one in Toorak. As we head into the mid-year break, this week stands out as a positive period in both the calendar and financial year.

Volatility v Consistency

The market is experiencing consistent growth across all sectors, although not always apparent or uniform. Nevertheless, prices are on the rise.

May M2 has spoken

Overall the market has spoken and it is up but volatile. With a huge difference between the Inner East and the rest of the Top End auction suburbs

$4m in 2 years

Normally we say nothing – privacy – but somebody else splashed it all over the papers. In 2021 we bought for our client. This week sold for a $4m gross profit in 2 years. Same home, same agent. In fact same clients we acted for on another $4m+ profit Toorak home previously. That’s a +20% uplift as the Toorak market dropped 10%.