oc | Sunday 15th December

Market News » Albert Park


The bounce is continuing in the later spring market.

The bounce is continuing in the later spring market.
At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market. $M+ Clearance Rates: Boroondara – 88% on [...]
Port Phillip Weekly

Port Phillip Weekly

After the hype of ‘Super Saturday’, stock supply returned this weekend to the kind of levels we have been seeing over the last 18 months, and the James Clearance Rate of 50% for Port Phillip was not what agents would have hoped for. On reflection, Super Saturday was real estate’s equivalent of the Melbourne Cup, [...]
Lack of exciting stock on the market brings on a quieter weekend

Lack of exciting stock on the market brings on a quieter weekend

At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. That low Bidderman rate reflects how the market felt this weekend – quiet. This lack of activity is hardly unexpected given that the Melbourne market is [...]
Port Phillip Weekly

Port Phillip Weekly

This week in Port Phillip two very different properties got the heart fluttering – the first was an old bakery at 201 Liardet Street in Port Melbourne a property managed by Oliver Bruce of Marshall White which over the last two weeks has seen record numbers attend opens. The second was 71 and 71 A Grey [...]
Port Phillip Weekly

Port Phillip Weekly

This weekend in Port Phillip we saw limited properties on offer, much of which wasn’t quite A grade. While there was reasonable bidding at two of the auctions I covered, there were no volcanoes and two properties were passed in. History would suggest that those that passed in will sell within the month [...]
Port Phillip Weekly

Port Phillip Weekly

We’re seeing something of a mini burst of activity in Port Phillip, with 12 auctions this weekend and sixteen next week – all over the $1 million mark. These are solid properties without being spectacular and are mostly in the range of $1m to $1.3m. After that, the market takes a breather as the Grand Final [...]
Port Phillip Weekly

Port Phillip Weekly

Of the four auctions I attended in Port Phillip, only one sold under the hammer: 108a Addison Street Elwood. This was a cracker auction, with four bidders all going hell for leather trying to bluff the other bidders out of the process with strong bids. Well done to Matthew Morley of Morley Real Estate for [...]
Port Phillip Weekly

Port Phillip Weekly

This weekend, the clearance rate for the eight properties up for auction in Port Phillip over one million dollars was 83% – solid. Amongst the most interesting auctions this weekend was a basic knock-downable Victorian(STCA) at 48 Kerferd Road Albert Park, sold by John Holdsworth of Greg Hocking Real Estate for $1,205,000, or a respectable $5,355 [...]
Port Phillip

Port Phillip

With such limited stock up for auction in Port Phillip this week and what there was, not actually selling – I have listed some of the more interesting properties that are currently up for private sale. All these properties have previously failed to sell at auction and are either still with the [...]
Port Phillip Weekly

Port Phillip Weekly

The two key properties of the 8 $million plus properties up for auction this weekend in Port Phillip were: 18 Faussett Street, Albert Park, which we had rated well at 673. This Hocking Stuart property, managed by Michael Coen, was a goodie, having been recently renovated to a high standard, with off-street car parking and only [...]
Port Phillip Weekly

Port Phillip Weekly

Vendors – where are you all? With only two properties listed for auction over $1m in Port Phillip this weekend, there was very little to choose from. According to Alex Schiavo of Kay and Burton Real Estate, we would normally have more stock this time of the year, “but for some reason clients are delaying putting [...]
Catch a falling star

Catch a falling star

At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended. The Weekly Review Bidderman was 1.4 bidders per auction. Market Summary The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, auctions have slowed to a drizzle this month and agents have been a little glum as they batten down the hatches until stock levels improve in Spring. John Holdsworth of Greg Hocking Real Estate has indicated there will be an improvement in stock levels come September, however he also feels numbers will [...]
Brushing off the winter cobwebs (sort of)

Brushing off the winter cobwebs (sort of)

At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended. The Weekly Review Bidderman – 1.8 bidders per auction. Market Summary Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
Port Phillip Weekly

Port Phillip Weekly

There were only five $1m plus auctions in Port Phillip this weekend. So I compared it with the same weekends in 2011 and 2010. It turns out there were 13 auctions scheduled for those weekends, representing a decline of about 38%. To get some clarity on where the real estate market is heading I spoke [...]

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