oc | Saturday 7th December

Market News » Albert Park


Gerald Betts of Marshall White talks Port Phillip.

Gerald Betts of Marshall White talks Port Phillip.
I have known Gerald a fair while and he is without peer in a number of beachfront high-rises as far as selling goes. He’s very patient, is good at following up and will meet you out of hours. Gerald has many contacts and has sold a number of apartments several times over. If [...]
Commentary and Case Study with Glen Coutinho from Hocking Stuart

Commentary and Case Study with Glen Coutinho from Hocking Stuart

The Boardroom Auction is back on the agenda. There are traps, pitfalls and strategies required with a boardroom auction. However, in many ways, a properly conducted boardroom auction is a transparent way to conduct business. The jury seems to be out on whether or not a boardroom auction is covered by [...]
The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

It’s 6pm Saturday and the James $1 million-plus clearance rate is 77%. The market seems healthy at present. Today’s Herald Sun said the market had fallen in price and that is correct; however, if there was meant to be an implication that the $1 million-plus market is today dead or in the [...]
Buyer Psychology 101

Buyer Psychology 101

At 6pm Saturday, as we go to press, the James Clearance Rate stands at 50% from the 20 we reviewed and attended. Some interesting results below. This result is slightly weaker than expected after last week’s stronger than expected results and shows how this current $1m+ market is on a stock level edge. More available stock and [...]
Interview – Geoff Cayzer, Cayzer Real Estate

Interview – Geoff Cayzer, Cayzer Real Estate

EXECUTIVE SUMMARY Geoff with his silver hair is the most recognisable agent and auctioneer in Albert Park, having been round for decades. He always has a smile on his face and in our opinion genuinely trying to help all he comes into contact with especially his selling clients. His auctioneering style is [...]
Melbourne’s 4 Jewels are now pushing almost all suburbs downwards

Melbourne’s 4 Jewels are now pushing almost all suburbs downwards

At 5pm Saturday, the James-attended auction clearance rate was 28% but we anticipate a few more being sold after auction or overnight, thus showing some minute signs of improved auction activity. It is more vendor-expectation-reduction-related than buyer demand increase, as overall we still found it another difficult week for sellers and [...]
Note to self: Just get into the market!

Note to self: Just get into the market!

The average clearance rate of 63% over the weekend is being held-up by apartment sales. Across metropolitan Melbourne this week, the apartment clearance rate was 76% compared to houses at 58%. What is this telling us? Astute buyers are seeing great buying opportunities in the market place. These buyers may [...]
Auctions attended this week.

Auctions attended this week.

9 St Columbs Street, Hawthorn A great crowd of about 150 people watched auctioneer Scott Patterson from Jellis Craig sell this well located home. Positives are the land size (approx 764sqm), great front and back gardens and the period features. The negatives are the positions of the bathroom and [...]
Cold, wet and grey weekend.

Cold, wet and grey weekend.

I was excited last week with the increase in the clearance rate of 67%. This weekend I was brought back to earth with a clearance rate of 62% from 545 auctions. The cooling of the clearance rate is purely an anomaly, matching the cold, wet and grey weekend. Apart from [...]
Signs suggesting the market is back on track.

Signs suggesting the market is back on track.

There are good signs suggesting the market is back on track. We are back to normal numbers of auctions with 608 this weekend and saw a rise in the clearance rate to 67%. If there wasn’t the threat of interest rate rises and high petrol prices, the market [...]
Apartment and Warehouse Living.

Apartment and Warehouse Living.

There are a myriad of questions and issues to consider when thinking about moving from the prized family home with the typical Aussie large back yard to the more confined spaces offered by the alternative style of apartments or warehouse conversions. From a longer term investment viewpoint, we [...]
Summer 2008 Market Update

Summer 2008 Market Update

What is going to happen in the high-end residential property market after two boom years? In many areas, we have seen 30-50% growth and, before that, 10 or more years of steady growth. Let’s look at some history and look at the world market as a whole. History – Stock Market Last big stock market shock – September 2001 – [...]
What is driving the market?

What is driving the market?

Market News To say the market is experiencing incredibly growth in capital values is an understatement. Last year we reported values increasing by as much as 30% despite what the stats people were saying and there are ever greater increases this year. These large increases as per most of the rest [...]

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