Buy Sell in Volatile Times

Saturday, April 15th, 2023

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Hope you enjoyed your Easter break.

We now enter the post Easter market – M2 – the May market, the year’s second one.

And now we live in volatile times!

Bang! That means right now $millions are on the line for buyers and sellers.

It’s game back on!

Volatility doesn’t just happen on the way down – it also happens on the way up!

When a market is changing, by logic it is volatile, as it’s moving from one phase to another.

Are we moving gears back to our 2016, 2021 powerhouse markets – not sure – one thing I am sure of though, we are moving direction.

Things will begin to happen that are “unexpected” – pass-ins on good homes, huge prices on others….. with some buyers and some sellers missing out completely….. that’s what volatile means – a significant increase in the unexpected.

In 2023M1, the opening market, we did see dramatic change, albeit on low stock and mainly in one council only – Boroondara.

But that council is one that matters and from here recent history has shown that Melbourne will follow it’s lead – Boroondara is not the canary in the goldmine – Boroondara is the goldmine, and the canaries are Aussie-Asian bidding and they’re flapping their feathers.

Momentum has swung around from 5 down markets in a row to a flat market by the Bay and a rising market in the East. The market in M1 was a lot stronger.

Stock Post Easter – stock feels incredibly low for this time of the year and that will definitely add to the volatility, as some home types will have wounded underbidders and other home types no interest at all – new players will find that hard to fathom.

Off-markets will flounder – unless their 4 Duck off-market Test waddles, looks and quacks like a duck. Authority to sell, clear price, contracts and access – are your Ducks lined up and must be present or else you are losing buyers as a seller and wasting your time as a buyer – and that is before either of you start to try and negotiate price. We discuss in detail I next weeks off-market podcast.

Buyers – are back in numbers (for the right PPP’s) – they were MINA (missing in no action) in 2022M3 and 2022M4 – but in 2023M1 they returned – the market god flicked the switch – welcome back or simply for many just welcome.

Family homes are not the same as investments (even though good ones are investments) – they are not driven by the money and stock markets all the time – granted in late 2022 they were. But in 2023 the $2m to $6m market where there are two transactions, a buy and a sell and a money juggle feels like it will be both challenging and profitable for those that get it right and the opposite for those that don’t.

All @ Xmas 2022

Bidderman

1.2 Stock

LOW

Clearance

63%

Stonnington 2023

Bidderman

1.1 Stock

LOW

Clearance

52%

Bayside 2023

Bidderman

1.2 Stock

LOW

Clearance

56%

Boroondara 2023

Bidderman

2 Stock

LOW

Clearance

81%

Make Marshall White Pay!!!

Turn $1 into $4 for someone like Mum

We can all walk past the increasing number of homeless men in the street and think they are not really homeless, or they are undeserving or there are too many or I gave at the office or it’s somebody should do something but……….

Homelessness amongst many middle-aged women (like our or your Mum) is hidden and is increasing NOT decreasing, despite best efforts of many!

It’s gone up 10% and an overall homeless increase of 47 people per 10,000 in Victoria – 2021 Census Launch Housing. Why? Mainly due to domestic violence and costs of living pressures.

Why should you care – you have your own charities – we do to – our focus is child surgeries in Africa – but this is home, this is where we ply our trade and where we live.

And yes, we can all say it’s a government issue or times are tough and all of that is true but…

You can directly do something for, an individual like Irina – on the ground help for women (just like your grandmother or sister or auntie) who want to escape or avoid, couch surfing, emergency accom, boarding homes far away (all hidden from us) – who need a bond or some electricity or something for their children. Read the stories below.

The fund that does this (and we hate wasting money or charity BS and so does Marshall White Foundation) since 2003 through Launch Housing is now called the Parachute Fund and this is the third year Marshall White has agreed to donate $1 for $1 up to $50,000 for what we can raise. Every cent to every client is verified/audited.

This is what our Bayside Council says of Launch in their homeless policy section:

So how good is the Launch Parachute Fund? Well see where your money goes! It’s real. We have put in well over $300,000 since we started and that is well over 300 families.

We wouldn’t do that if were not convinced it was helping.

But with Marshall White Foundation it is much more powerful. Why?

Multiplier maths: If you give $5,000 – it may be only $2,500 approx* (as fully tax deductible) and then Marshall White Foundation matches it – so for $2,500* you are getting $10,000 in donation power and if you challenge a friend to match you then your $2,500 makes a $20,000 difference.

4 times – 8 times the benefit!

So please have those you help, but……. think about donations to the Parachute Fund.

Park your ego next to the homeless person out the front of Coles and give through MWF – we do because we know the homeless fund works AND the multiplier effect

AND it’s now and it’s EASY and it makes a real difference, whilst we all sort this problem.

$200,000 has gone to the Launch Parachute Fund in the last 2 years! Make MW pay we say!!

How to donate and really help middle aged women in your suburb who are homeless!

Go to the Marshall White Foundation – scroll down, click on donate and donate direct. You get a tax-deductible receipt. Click here it’s 3 minutes to do it and hey type in a $1,000 not $10 please! Hurt a little like other Melburnians are – thank you!
For significant donations like say $1,000 or $5,000 – anybody who puts in $5,000 gets a full page in Marketnews or a podcast on whatever they like, or simply a note of thanks privately between now and June 30 (our deadline date). Anyway donate here AND contact mal@james.net.au or matlock@marshallwhite.com.au or james@marshallwhite.com.au – let us know and/or see more about your impact.
JandJ – two our special clients just kicked this year off with $5,000 and that has been matched by MWF – what about those at Kay and Burton or Belle or Jellis Craig or Fletchers or Nelsons or RT Edgar or …. make Marshall White pay I say!!!! please

Donate to Toorak, Brighton and Hawthorn Homeless

2021 and 2022 Parachute Fund for Homeless Women

$ 0

$100,000 target from all Real Estate - To date 2023 is:

$ 0

It's on the rise especially amongst middle aged women

Melbourne Homelessness Addendum

If for personal choice you want to help with Melbourne homeless problem in another way then here are great organisations to volunteer in or donate to:

https://www.sacredheartmission.org/

https://www.homegroundrealestate.com.au/

https://www.salvationarmy.org.au/melbourne614/

https://www.launchhousing.org.au

https://www.bsl.org.au/

There are many more organisations – why so many? Because it’s a real issue!

All councils we do business in have homeless policies – why? Because in Boroondara, Stonnington, Bayside and Port Phillip there are homeless people. Old data – it’s now more.