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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 [...]
OMG – We didn’t expect that

OMG – We didn’t expect that

Today was a really good day – it was exciting. It was back to the good ‘ol days and even though 1/2 our business is buying (the other 1/2 is selling management) we really enjoyed it out there today. The good news is; if this keeps up, then the word may get out and we may see [...]
Auction Market back from Winter

Auction Market back from Winter

Well, did you have a good break – we did, thanks for asking! First big stats and market reads will come at the end of this month, when we begin the Spring 100 Auction Test. Today is a Marketnews Lite – no D&M’s, no stats – just easing ourselves into Spring and looking forward to it. Auction [...]
What are we certain about this Winter?

What are we certain about this Winter?

May 2019 Market Summary – brighter outlook on very low stock levels Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1). Three simple things have come out of the coverage. One: Everybody expected bad – that’s why there were so few auctions. [...]
Are we all feeling better now?

Are we all feeling better now?

At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing. In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep. Evidence – clearance rates are on the improve and the hammer rate (homes [...]
Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.  We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
Life is good

Life is good

G’day Mal James here. I wrote this piece as I wanted to. I have written about how I feel in this market and I’m not asking you to feel the same way. So it’s ok to switch off now rather than wade through my mud, but there are some sprinkles of gold in here by the way! Life is good I love what [...]
We are learning to love this market

We are learning to love this market

We love the Inner Melbourne property market right now. We love where it is heading short term and how it will be reacting, possibly in the medium term and almost certainly in the longer term. The current statistics, trends and yes, even the mainstream press, are on the money when they express that the market is experiencing [...]
Is the market a dangerous place?

Is the market a dangerous place?

Everest As you read this, I am preparing to go to Everest. The Himalayas are a life long dream. I think I understand the risks, which include death. Training, equipment and medicines tick, tick and tick. And choosing a guide – that was my most rigorous selection process. Whilst there is an element of luck, I want to avoid whatever serious [...]

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