oc | Thursday 12th December

Market News » Armadale


Stonnington Weekly

Stonnington Weekly
This week we anticipated a weak auction day in terms of numbers and quality and indeed, all 3 auctions I reported on today passed-in – see auction reports below. However, there were 3 very ODD Inner Melbourne Auctions – only in Stonnington? Read more in our Market Insight. A sale result of interest was 21 Kerferd St [...]
What is going on at some Inner Melbourne Auctions?

What is going on at some Inner Melbourne Auctions?

At 6pm on Saturday, the James $M+ Clearance Rate was 62% across the 26 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Given the small sample this weekend (50 or so auctions at $m+) and the ‘iffy’ quality of some of the stock, we are not forming any real opinion on [...]
Stonnington Weekly

Stonnington Weekly

This week there was good activity on auction day, in contrast to last week in Stonnington.  The clearance rate increased to 76% and some good agent work was evident. Example: 9 Armadale St Armadale with Michael Armstrong of Kay & Burton. This is a less than A grade home, although it has an A grade position. I went [...]
In August the temperature has risen ever so slightly – warmer at $3m than $6m

In August the temperature has risen ever so slightly – warmer at $3m than $6m

Friday 31st August – 3 from Kay and Burton in Boroondara Camberwell, 60 Broadway, Tim Picken – big land plus tennis court with a home that needed a lot of work. In excess of $4,500,000 Kew, 9 College, Sam Wilkinson, – great internal floor plan – Street and facade Mmmm – Ok. Just under $3,300,000 Canterbury, 31 Chaucer, [...]
Stonnington Weekly

Stonnington Weekly

This week I was asked how are we experiencing the market “out there”? There has been a dearth of family homes on offer in Stonnington and there does not seem to be much new stock coming on. Prospective buyers are there and while some are feeling impatient, most are still prepared to wait for a property [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
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 [...]
Stonnington Weekly

Stonnington Weekly

Mid Year Report: You know what? Three cheers for Stonnington: because if it weren’t for Toorak through to Armadale there wouldn’t have been much to cheer about now at the top in 2012. The $M+ market in Boroondara and Bayside and Port Phillip has been noticeably on the nose in 2012 when it comes to positive trends [...]
The Winter of Waiting?

The Winter of Waiting?

At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
Solid demand on very low numbers is pushing prices past conservative expectations

Solid demand on very low numbers is pushing prices past conservative expectations

Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of  this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
Into Winter hibernation already

Into Winter hibernation already

Week Ending May 28th: Highlights were few and far between but seemed to be a Marshall White auction day in Stonnington. Standout was 46 Elizabeth St Malvern with Justin Long and Rae Tomlinson Camberwell 14 Royal Avenue with Geordie Dixon was bought we believe for just over $3,000,000 Toorak 37 Lansell which has been around for a [...]
A lot of off-markets to look at, but little purchasing being done in the high end.

A lot of off-markets to look at, but little purchasing being done in the high end.

The flier: Toorak 20 Gordon – Matthew Morley of Morleys – On the market at $2,500,000 and bought for $2,925,000 A tale of two homes: I’ve visited, considered and rated both these homes in the 700’s (above average). 30 Sutherland Armadale with Nathan Waterson of Benmac fired up and was bought under the hammer for $5,110,000. [...]
Like previous weeks, not much happening in Stonnington

Like previous weeks, not much happening in Stonnington

Are we in for some Super Saturdays at the end of this month? Justin Long, Marshall White (Armadale): “There are traditionally 4 or 5 very solid auction weekends in May, but with Easter falling so late in the piece, the first 2 weekends have not found favour with vendors. As a result, the 21st and in [...]
Very little to get excited about this weekend

Very little to get excited about this weekend

With not much on offer this weekend, only one over $3m ( Steve Abbott – 68 Hopetoun Rd, Toorak) and minimum quality at the lower end, my thoughts turned to family, holidays and the Pies. Winter will be a time of continuing opportunity, but as buyers we will have to work hard to find them. [...]
The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

Key Points: Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter.  19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]

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