James Buy Sell Market News with Off Markets every Monday
Bidders – aren’t we a fickle lot. Well, we are right now and hence our headline – non-stick.
You know, like an egg or for you vegans a piece of tofu that slides off your brand-new fry pan as soon as there’s a little tilt – trouble for sellers is many buyers are missing the toast and going straight to the floor if they don’t like the price.
One thing is for sure, the market is operating incredibly efficiently with a higher clearance rate and lower demand per auction. Well done agents – who are putting deals together under pressure.
There are many buyers and sellers in Melbourne, puzzled by the property game right now – and today’s results will not give any more comfort to them.
Market results were a lot better today than last week; with a clearance/agreement rate on price between buyers and sellers @ 76% on the 30 auctions we covered today.
I was really surprised at the Buzz today – with few exceptions, it was like a ghost town. This was so different to the last few weeks.
On the eve of M3 – the Spring market – we feel change is in the air.
Right now, the direction of the Top End market on A-graders is strong and possibly up.
All the talk is about Price and the Market. We investigate what makes up price and its not just the macro market. Price comes from 3 market taps = Macro + Micro + Individual
All the talk is about Price and the Market. We investigate what makes up price and its not just the macro market. Price comes from 3 market taps = Macro + Micro + Individual
