March 29, 2026

Glen Iris: Over $6m. No bids

Real Positive Solutions

Let’s start somewhere unusual.

 

A train ticket.

 

Port Fairy, there and back – where I am going for Easter for 4 days R&R.

 

Direct. Drops me about a hundred metres from the Merrijig Inn – the best bed and breakfast anywhere in the world. Total cost: $20.

 

I will be there at the same time as a car ride. I was looking at $250 in diesel.

 

Sometimes the answer is just sitting there, waiting for you to stop assuming you already know the best way.

 

I have booked to go rock climbing in the Dolomites (Italy) in July, then onto Arctic Sweden to do the Kungsleden – I had booked my ticket via Dubai in January – I’ve kept that – if they cancel no charge, if I do $300.

I have now booked a second one via Singapore as a backup with a cancellation fee of a $100.

 

Rather than no trip (no sale), dangerous flight (lower your price) I have hired a second airline (agent)

 

Sometimes it’s one agent and sometimes you need multi-agent buy/sell options.

What The Market Actually Is

I want to be clear – genuinely, evidence-based, scientifically clear – about where we actually are.

Because if you’re going to make a plan to sell your property, or buy well in this market, you need to start from reality.

 

So here it is.

 

The Numbers

Two weeks ago, we went through the EOI clearance rates for this year.

 

Less than 30% at close.

 

Let that land. Seven out of ten properties, going through a full Expression of Interest campaign, not selling. And that figure wasn’t an anomaly – it matched almost exactly where we were six months prior.

 

So I followed up. Of the 24 properties that hadn’t sold when we last checked? One has since sold. One. In two weeks. A 4% clearance rate on the residual.

 

We are, again, at 30%.

 

Properties are not selling via EOI.

 

So what about auction?

The top end auction market is performing – marginally better.

The Age clearance rates sit in the fifties (which is ice-like anyway) but look more carefully. Because the gap between scheduled auctions and those actually reported to the Age? It runs into the hundreds.

 

Do the simple maths. Divide actual sales reported into scheduled auctions and wow!

 

Think about it. Agents who sell their properties report their results. Of course they do. The ones going silent? They haven’t sold. The unreported auctions are the unsold ones.

 

What It Looks Like On The Ground

A few weeks ago I showed you 15 Georgian homes in the Balwyn market – that specific, tightly held, Australian-Asian buyer market – with no interest for three months.

 

Here’s the update.

 

15 Grey Street. In December they were asking $7.25 million. It has since sold – for the best part of a million dollars less than that.

 

Two doors down, 11 Grey Street. This month I walked through and thought mid $5m felt too high. They’ve since cut the top of the quote hoping for mid $4m.

 

The Simple Summary

If you are at the lower end of the market and priced correctly – you still have a genuinely reasonable chance of selling.

That part of the market is functioning.

 

Everything else? Quirky. Overpriced. Top end. Lifestyle. Coastal. Struggling. Significantly. And in many cases not selling at all.

 

That is the market.

The Market, Live and Unfiltered today

 

Because sometimes the cleanest data…

 

Is what you see with your own eyes.

 

Today, we went to five auctions.

 

  • Different agents
  • Different price points
  • Different pockets of the market

 

A reasonable spread. A fair test.

 

The result?

 

  • Less than one bidder per auction on average.
  • Three had no bids at all.
  • One sold on the street.
  • Three remain unsold.
  • That’s a 40% clearance rate.

 

It aligns almost perfectly with everything we’ve been talking about:

 

  • EOIs clearing sub-30%
  • Auctions effectively in the 40s
  • The majority of properties… not selling

 

But here’s why this matters.

 

This isn’t theory.

 

This isn’t reported data with gaps.

 

This is standing on the street…

 

Watching it unfold in real time.

 

And what you notice isn’t just the numbers.

 

It’s the energy.

 

Or more accurately the lack of it.

 

There’s no urgency.

 

No depth.

 

No sense of competition building.

 

Just isolated moments…

 

Where one buyer might engage.

 

Or none at all.

 

And yet this is where the opportunity sits.

 

Because in a market where:

 

Three out of five auctions don’t even start

The advantage shifts.

 

Decisively.

 

To those who:

 

  • Prepare properly (sell side)
  • Stay patient and disciplined (buy side)
  • And understand that this is not a timing market…

 

But a positioning market.

 

So as we head into Easter pause.

 

Reset.

 

Step away from the noise.

 

But come back with clarity.

 

Because the market isn’t hiding.

 

It’s showing you exactly what it is.

 

And right now…

 

It’s a market where activity is low, but opportunity is high.

Brighton: Over $3m - 2 bidders - Passed In and Sold After

What Do You Do?

 

First.

If you are one of those seven out of ten – if your property is sitting, stalling, not moving – how do you actually sell it? Not how do you feel better about it. Not how do you find an agent who tells you what you want to hear. How do you genuinely, practically, get your property sold in this market?

 

Second.

If you are a buyer – and those seven out of ten unsold properties represent something extraordinary for the right buyer – how do you get to one of them? How do you buy well in a market where the stock is there but the access, the knowledge, the negotiating edge is not evenly distributed?

 

Third.

And this one is the most powerful of all.

 

How do you do both?

 

How do you sell your property – become one of the three out of ten that actually transact — and simultaneously buy one of the seven that aren’t moving? How do you turn this market, which feels for many like a trap, into the single best financial move you’ve made in a decade?

Canterbury: Over $4m. No bids

Use Multi-Agents. Test Off Market. Before Going Public. Before Dropping Price

 

Let’s start with a number.

 

Half a billion dollars.

 

That’s the combined value of the last hundred or so properties we’ve seller advocated through James Buy Sell multi-agent. Just the last hundred.

 

We’ve paid out over $5 million in bonuses to agents outside our company for making the sales. Nearly $50,000 per property, on average.

 

Multi-agent works and works almost all the time. We have currently 1 property for sale off market – 5 new ones prepared last week and 3 more coming onto the off market for price testing soon.

 

We have no properties unsold from full campaigns last year.

 

Properties that sold. Deals that closed.

Kew — $15 million (3 agents). Brighton — $6 million (5 agents). Eaglemont — $9 million (3 agents). Armadale ($4m), Canterbury ($3m), Albert Park ($3m), Glen Iris, Prahran, Richmond, Kew, Hawthorn, Brighton East…..different agents, agencies.

 

You’ve possibly never heard of us. Because we don’t spend your money on our boards, our photos, our brand. Many times you spend very little on advertising at all. We just quietly go about finding agents who can find buyers and paying whoever finds them.

 

That’s the credential. Now let’s talk about your property.

 

Why Isn’t It Selling?

It might be price. It genuinely might be. In this market, with EOI clearance rates sitting below 30%, seven in ten properties unsold at close, price is real and it matters.

 

We won’t pretend otherwise – but many times you were guided as to the wrong price…. It’s not the market, it’s not bad luck…..its the agents system….. there is a solution below.

 

But it also might not be price.

 

It might be that the right buyer simply hasn’t been found yet.

 

And those are two very different problems. One requires you to give something up. The other requires you to reach further. Before you decide which problem you have, it’s worth making sure you’ve actually exhausted the second option.

 

Because there’s a quiet but costly mistake playing out across Melbourne’s high-end market right now. Good properties aren’t selling, not because they lack quality, and not always because the price is wrong but also because they lack exposure to the buyers who would pay the right price.

 

And instead of addressing that, many owners are being guided toward the bluntest of instruments: a price reduction. Ten percent. Then land tax, withholding tax — another five, another ten. Suddenly they’re mentally writing off twenty percent of their asset.

A price drop feels decisive. And worse, irreversible. An agent bonus is neither.

 

The Assumption That Could Be Costing You

 

The traditional model assumes that if a property is listed, buyers will find it.

 

That logic might hold in a booming market, where volume covers inefficiency. But in a selective, quieter environment, it breaks down completely.

All buyers don’t reliably find premium homes. Many are introduced to them. Connected. Guided.

 

We’ve been working with buyers for twenty-five years. More than half the properties our clients have bought – over 1,000 at this level – are on-market properties found by us – James Buyer Advocates. Not by the clients.

 

Not by the algorithm. By us. And off-market? Almost every single one – introduced by us, not the selling agent, not realestate.com.au.

 

When you appoint a single agent, you’re not just hiring representation, you’re unintentionally restricting reach. One network. One set of relationships of the 5 or even 10 networks, 10 sets of relationships.

 

In 2026, that may simply not be enough.

At James Buy Sell we’ve paid out $5million to agents on $½billion of homes sale managed through JAMES SELL ADVOCACY multi-agent on and off market. It works

What Multi-Agent Actually Does

 

Contrast that with a multi-agent approach, where multiple operators are each given the incentive to bring their best buyers forward. The dynamic shifts instantly. Instead of hoping for discovery, you create distribution. Instead of passivity, you generate competition. And you only pay for success.

 

Now ask yourself – why isn’t the agent in the next suburb talking to their buyers about your property? Why isn’t every relevant agent in Melbourne being told about your home?

 

Because they can’t earn anything from it.

And if they are talking about it? Sometimes it’s to bag it, hoping it doesn’t sell so they can pick up the listing.

 

That is a problem you can fix.

 

When multiple agents are empowered to participate, conversations increase. Your property is no longer sitting quietly on a portal; it’s being spoken about. Shared. Advocated.

 

What To Do

In America, buyer agents and seller agents operate on every transaction. It is the standard. Here, we’re still clinging to a model that serves the agent’s exclusivity more than the vendor’s outcome.

 

Why? Because selling agencies in Victoria traditionally won’t share their fee with someone from outside their circle who brings a buyer.

 

We do on every single sale management. No exceptions.

 

Before you go public. Before you spend $30,000 to $50,000 on a campaign that confirms only what your property isn’t worth – we suggest you run a four to six week off-market process. Let’s test the agents. Let’s test the price. Find out who actually has buyers before you burn the campaign.

 

Then open the door. When everyone can earn something, everyone talks.

 

That can’t work Mal?

At James Buy Sell we’ve paid out $5million to agents on $½billion of homes sale managed through JAMES SELL ADVOCACY multi-agent on and off market. It works

Five Things Worth Knowing

 

  1. Buyers don’t always find premium homes they’re often introduced. More than half our facilitated purchases were introduced. Not discovered.
  2. Off-market proves the model. Nearly every off-market transaction involves an agent bringing a buyer. Not the other way around.
  3. Single-agent restricts competition. One network. That’s your entire buyer pool. Its not enough!
  4. Fear of fees is misplaced. Sellers resist paying another one percent – yet readily consider a ten percent price drop. One is conditional on success. The other is a guaranteed loss.
  5. Incentives drive behaviour. Agents prioritise properties where they can earn. We do too. You would.

 

Worst case; it costs you nothing. An extra commission is conditional. A price drop is not.

Mal James — James Buy Sell Multi-agent selling. Off-market first. Multi-Agent second. Sold. Talk to us.

Camberwell: $3m Passed in: No bids

How To Buy Well: Turning the 70% Unsold Into Opportunity

 

So how do you buy well in this market?

 

Because if seven out of ten properties aren’t selling…

 

That’s not just a statistic. That’s an opportunity.

 

Let’s start with balance.

There is absolutely nothing wrong with competing for the 30% that do sell well. In fact, as I said last week, somewhat embarrassingly, we’ve just missed the last four auctions we’ve bid on.

 

The best properties, the ones with great land, great position, strong fundamentals, they still attract competition.

They still sell and they should.

 

So the first rules of buying well are:

  • Don’t compromise on quality just because the market is soft.
  • A bad property bought “cheaply” is still a bad property.
  • Focus on great position, strong land content, and a home that works, without blowing the budget to fix it with a 3 year reno.

 

Those 70% unsold properties are not all flawed.

 

Many are simply overpriced, poorly run campaigns, or haven’t reached the right buyers.

 

And that creates a gap.

 

Between expectation… and reality.

 

That gap is where you operate.

 

But you don’t access it casually.

 

You have to be clear, confident, and prepared to act.

 

There are moments where a home is quoted at $15 million…

You must be prepared to stand behind that view and act on it.

 

A Hawthorn example.

  • A river precinct home guided at $15 million we were asked to buy.
  • Our assessment: closer to $12 million.
  • It has since sold in the low $11 millions.

 

We didn’t buy it.

  • Instead, we bought another property quoted $6–7 million for $8 million (3 bidders).
  • Post-renovation, it will comfortably outperform.

 

Two properties. Two very different outcomes. Driven not by price, but by judgement.

Buying well in the 70% comes down to a few consistent behaviours:

  • Patience
  • Persistence
  • Clarity on value with evidence over emotion.

 

There is nothing wrong with putting forward a price well below expectation…

Agents will push back – even abuse you.

That is perhaps how they see their role.

 

Yours is to hold your ground.

Negotiation in this market isn’t about clever lines.

It’s about discipline over time.

 

And then there’s the bigger play.

 

The trade-up.

Right now, the gap has compressed.

 

  • Your $2 million property may hold…
  • But a $7 million property may now be $5.5–6 million.
  • That’s a $1–2 million shift.
  • Tax-free.

 

This is one of the better upgrade markets we’ve seen.

Hampton: Over $3m. 2 bidders. Sold under the hammer

Buying and Selling Well: Example: The Lifestyle Property Equation

 

Coming into Easter, one part of the market tells the whole story.

 

Lifestyle property.

 

I’ve been at Hepburn Springs in January, Metung at Labour Day, Port Fairy this Easter, Mansfield planned for Kings Birthday. And what I’m seeing across all of it is the same thing.

 

Volumes at a fraction of COVID peaks. Buyer pools almost empty. Properties in certain circumstances worth half of what was paid in 2021. Sorrento and Portsea running at 25% of COVID-peak sales volumes over the same Christmas period. Properties asking $3 million where the reality is closer to $1.8 million and even then, sometimes nobody is coming at any price.

 

This is where the market has shifted the most. And the most brutally.

 

The Timeframe Problem

The biggest mistake right now is thinking in weeks. This is a five-year market. Accept that and your behaviour changes completely.

 

Most people don’t accept it. They list. They wait. They adjust the price. Change agents. Rinse and repeat, until frustration becomes fatigue becomes a poor decision made under real pressure.

 

A far better way starts with one honest question: what are you actually trying to achieve?

If you’re buying will your family actually use it? Two teenagers just starting sport and socialising are not driving two hours to a weekend property. Be honest about that before you commit.

 

If you’re selling the emotional impulse buyer from 2021 is largely gone. Today’s buyer is seeing exactly what you’re seeing. Land tax. Interest rates. Holding costs. They are cautious and they are slow.

 

What James Buy Sell Is Actually Doing

 

In this market we are running structured off-market, multi-agent campaigns for lifestyle properties. We are working multiple agents across different regions simultaneously, because the buyer for a Mornington Peninsula property might be sitting with an agent in Hawthorn, not Sorrento.

 

We are also doing the vendor research on the buy side understanding the seller’s holding pressure, debt levels, time on market, and which agents have actually transacted recently versus simply listed and therefore their urgent desire to sell.

 

That research is where the deals are made.

 

Eaglemont: one buyer, six months of consistent evidence-based engagement. Not aggressive. Not impatient. Just steady, factual, and present. Six months. That negotiation is now done.

Malvern East:  we made our move early, lost it first up, moved straight on. That’s the discipline this market requires. Next.

 

A property asking $3 million trading at $2.2 million is not theoretical. We are seeing it. But only for buyers who stay engaged over long periods, understand the seller’s actual position, and are genuinely prepared to wait and prepared to lose and go again.

 

Buying and Selling at the Same Time – Inner Melbourne or Country

You cannot treat these as separate decisions. They are one equation.

 

Sell poorly and you lose your position before you buy. Buy poorly and you undo everything you gained on the sell.

 

Keep the property available while you hold: Don’t lease and tie up! Do Airbnb, agist, short-term let.

 

When a buyer appears you must be ready immediately.

 

Lock the property away in a long tenancy and you’ve removed yourself from the market entirely.

 

Work both sides simultaneously. Evidence on the sell. Research on the buy. Patience on both.

 

This market will not reward speed – nor will reward poor actions and lack of strategy.

 

But it will reward clarity, patience, and discipline.

 

Happy Easter

 

Mal, Sim, Kathy and Randall

AI & Ratings Policy – Mal James

 

Our Philosophy

 

At James we believe in the intelligent use of AI for analysis, automation and clarity.

 

AI formed part of my Masters completed at RMIT in 2024. Beyond real estate, we also use AI in our Sub-Saharan Child Surgery Program, which employs many people and has helped more than 1,400 children receive life-changing surgery.

 

I have worked as a property advocate for 25 years.

 

During that time:

 

  • The internet changed the industry.

 

  • Mobile phones accelerated it.

 

  • AI is now doing the same.

 

Technology changes tools. It does not replace judgement.

 

How We Use AI in Property Ratings

 

Property Selection

 

  • Properties are chosen by us based on merit and relevance to clients.

 

  • We do not publish homes where we are actively representing a buyer or a seller.

 

Physical Inspection – No AI

 

  • Every rated property is personally inspected by me or Kathy or Sim.

 

  • I have done this for 25 years.

 

  • I attend the property, record a video on site and form my opinion there.

 

  • No AI is used in that process.

 

Written Ratings

 

All opinions and conclusions are my own or ….. Sim or Kathy’s and we follow the James Home Rating Guide book.

 

 

AI is used to:

 

  • Transcribe my video

 

  • Structure and format my words in the copy on the Rating

 

  • Assist with layout and thumbnails

 

 

AI works only from material I have created:

 

  • My spoken transcript

 

  • My Marketnews articles

 

  • My Property Ratings book

 

  • Our internal data

 

 

AI does not create our opinions. It simply organises mine.

 

 

Publishing

 

  • AI assembles a draft webpage.

 

  • Every rating is then reviewed and approved by our team before publication.

 

  • Human oversight remains essential.

 

 

AI & Marketnews Articles

 

All Marketnews ideas and concepts are mine.

 

I often speak my thoughts into AI tools such as Claude or ChatGPT and ask them to summarise using only:

 

  • My spoken ideas

 

  • My previous articles

 

  • My established frameworks

 

 

I then:

 

  • Review carefully

 

  • Edit heavily

 

  • Combine the strongest ideas

 

  • Refine the argument and tone

 

  • What you read is my thinking.

 

  • AI simply helps structure it more clearly.

 

 

Our Standard

 

  • AI improves efficiency and readability.

 

  • It does not replace inspection, independence, negotiation or judgement.

 

  • We remain accountable for every rating and article we publish.

 

 

An Open Invitation

 

If you ever feel something we publish lacks clarity or depth, I welcome the feedback.

 

Technology should enhance trust — not replace it.

 

Warm regards

 

Mal James

0408 107 988

Starting to spread North of the City