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It’s 6.00 pm Saturday and our week has finished a lot better than it has for many others. We genuinely feel for you out there. Today in Inner Melbourne high-end property we are focussing on; What has happened in the market this year What is happening right now Our short and longer-term futures with Inner Melbourne Property. We will do [...]
Some very strong results. Some very weak results.

Some very strong results. Some very weak results.

The Very Strong 4 bidders – Volcano – $4,322,500 – 23 Duke Street, Kew – Walter Dodich This was a home we were intimately involved in the sale management of from start to finish and it was brilliantly sold by Walter Dodich. He priced it well, marketed it well and auctioned it well. Whilst it got slightly more [...]
Virusolatility

Virusolatility

Market Mindset Medical Today’s auctions to complete our 100 auction test – randomly selected yesterday. Our 2020 Opening Market, 100 Auction Test, over 3 weeks across Boroondara, Bayside+Port Phillip and Stonnington had an average clearance rate on the 100 auctions of 66%. Ok, you say but look how it came. Down Up Down. Volatility is the canary sign of impending change. Is [...]
Opening Market 2020 – second surprise

Opening Market 2020 – second surprise

What a difference a week makes and who can figure – go figure. Last week the Inner Melbourne Clearance Rate was 59%. This week, after the biggest economic fall since the GFC, it’s 81%. Bidderman has gone up from 1.6 to 1.8 on 42 auctions. Volcanoes have doubled to 20% (last week 10%) and ducks have halved to [...]
Opening Market 2020 – first results surprise

Opening Market 2020 – first results surprise

G’day and welcome to “The Opening Market 2020”.  Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear. You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
Control or Be Controlled

Control or Be Controlled

The 2 G’s! Gina and Geordie at 17a Nevis Street Camberwell Is it still plagiarism when you copy your own work. Please explain the Feb Pep in 2019 2020! The Feb Pep Is a positive vibe from increased numbers of refreshed buyers out in the marketplace and it occurs every February. It’s like the first round of the footy [...]
Welcome 2020

Welcome 2020

Thank you to all those incredible firefighters who protected us all over the summer break. Thank you very much, what a great job you did and are still continuing to do. Short Version (1 minute) Long Version (5 minutes) Community We have some great clients and in 2020 we are actively supporting the community groups and charities our clients [...]
What a down and up year! Volatile!

What a down and up year! Volatile!

Welcome to our final Marketnews in 2019. We have really enjoyed the year, hope you have. This is our Bumper Summer Edition. Big Stat: Today only 1 in 10 auctions were tearaways! ARMADALE, 17 Seymour Avenue. John Manton (Marshall White) Under the Hammer $3,570,000, 6 Bidders GLEN IRIS, 3 Malvern Avenue. Daniel Wheeler (Marshall White) Under the Hammer [...]
THE BLOCK @ 22 POWLETT EAST MELBOURNE

THE BLOCK @ 22 POWLETT EAST MELBOURNE

Yes, it was a Super Saturday but we think the best way to describe it was….. Suspicious Saturday. Why? Individual result volatility remains very high. It’s the biggest strategy issue right now for both buyer and seller. What do you mean Mal? The market simply can’t consume the full amount of stock available right now, especially when buyers can also [...]
Big Duck or Volcano? $Millions on the line for buyers and sellers.

Big Duck or Volcano? $Millions on the line for buyers and sellers.

We live in Volatile times! And that means right now $Millions are on the line for buyers and sellers on 5 key auction specific strategies. 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 [...]
So it was quoted $1.5m and it sold for $2.65m. So it was quoted $5m and it sold for $7.6m.

So it was quoted $1.5m and it sold for $2.65m. So it was quoted $5m and it sold for $7.6m.

Wow – where is the land? No land – these were older apartments! The Melbourne market is changing on certain older-style apartments in certain blocks. In the late 2000 teen years (2015-2019) it is becoming feasible to get good capital growth and a good home on 20 year old plus apartments without actually owning any land. However, [...]
Ducks & Bought Befores & Spring Strategies

Ducks & Bought Befores & Spring Strategies

Spring Summary There is little confusion with the Inner Melbourne Spring market direction right now. The reasons for this sudden, powerful and upward market directional change could be something temporary like an election afterglow, the Early Spring Pep or something more concrete like stock levels or the banks are lending again and the Asian market has returned. [...]
The Volcano is back and the psyche has changed!

The Volcano is back and the psyche has changed!

  Today was the second week of the 3-week 100 Auction test and what we saw in the strongest way was the return of the Volcano and the effect it has on the overall psyche of the market. From the 31 Auctions we covered today 8 or 25% were Volcanoes – meaning 4 or more bidders. It’s these [...]
Market Force or Market Fraud

Market Force or Market Fraud

Start of the 3-week, 100 Auction Test – Spring We reported on 29 auctions today in our start of the Spring 3-week Auction Test. By September 14th, we will have covered 100 randomly selected high-end auctions in Boroondara, Stonnington and Bayside. This sample size has proven to be sufficient to be conclusive; to reflect the trends [...]
This market now is very different from 4 months ago

This market now is very different from 4 months ago

Today we are reporting on 7 auctions on which we either bid, managed the sale, or had some interest in the result, as the final precursor to our 3-week 100 Auction test starting next week. It’s a random selection on a small sample in an incredibly low market (stock wise). Statistically, we would not trust the figures [...]

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