oc | Tuesday 7th April

Market News » asian buyers


National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.

National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.
Opinion This is a response to Kristin Stegley’s (The Age Sep 17th) and the Age editor’s (Sep 3rd) articles. I respect their positions and I respect the opinions expressed. However, I do not support The National Trust and Melbourne Metro Council’s heritage protection orders going onto on individual homes if the owner is in disagreement. Background What is [...]
Asian buyers have returned, local buyer strength keeps growing and the limited stock continues. Today the winter market direction appears to be clear.

Asian buyers have returned, local buyer strength keeps growing and the limited stock continues. Today the winter market direction appears to be clear.

Balwyn Calling – International Asian Demand showing the real signs of easing!

Balwyn Calling – International Asian Demand showing the real signs of easing!

Special Edition – James International Demand Report for Inner Melbourne $M+ housing Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market. James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
Since we last spoke before Winter – little has changed in the $3m+ market

Since we last spoke before Winter – little has changed in the $3m+ market

$3m+ is James Buyer Advocates bread and butter. We find the $3m+ market is normally a lot looser than the $1m+ market; meaning results vary more widely. This occurs for two key reasons: 1. Sellers have more flex on whether they will sell or not and often demand big prices and just wait – sometimes they [...]
50% of the homes are still being bought by local buyers – there are solutions

50% of the homes are still being bought by local buyers – there are solutions

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1. Market Summary – Market News Lite Version There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Some strength but lacking consistency

Some strength but lacking consistency

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Mixed Bag for Inner Melbourne

Mixed Bag for Inner Melbourne

As always with the Anzac long weekend the market activity was limited; so its very hard to gauge if any mood change with minimal transactions. Although no one seems to be on holiday’s in Richmond with 300 people attending the auction at 8 St Phillips Street. The cute double fronted was in high demand, seven bidders emerging [...]
The million dollar-plus view

The million dollar-plus view

This article was written in The Age, Business Day section. http://www.theage.com.au/business/property/the-million-dollarplus-view-20100314-q62r.html AS BUYER advocates, my colleagues and I attend 30 to 50 auctions a week and 100 or so open for inspections of properties in inner Melbourne’s million-dollar-plus residential market. We are regularly asked what’s happening in the million-dollar-plus market, what’s driving this market, [...]
Hawthorn, Canterbury, Camberwell, Glen Iris, Kew and Hawthorn East

Hawthorn, Canterbury, Camberwell, Glen Iris, Kew and Hawthorn East

Boroondara is awash with property today and while still a strong day Alastair Craig put it best saying buyers were a little thinner on the ground at each auction than they have been over the last few weeks. Jellis Craig sold 33 out of 42 at auction and he felt that shows [...]
Q&A with Bennison Mackinnon’s Director Iain Carmichael

Q&A with Bennison Mackinnon’s Director Iain Carmichael

Iain Carmichael is a tough cookie and one of the best, if not the best, auctioneer in Melbourne. We exchange thoughts often and I find that enjoyable. The discussions are always quick, robust and, occasionally, I need a disprin afterwards. But I would never say that Iain gives you anything other [...]
Q&A with Jellis Craig’s Director Scott Patterson

Q&A with Jellis Craig’s Director Scott Patterson

For many years, Scott Patterson has been the “pin-up” auctioneer of Hawthorn and surrounds – well, according to the ladies we represent, he is. Scott is the “new face” of Jellis Craig. Our personal dealings with Scott have always been straightforward and, while we have had differences and probably will continue to [...]
Q&A with Buxton’s Brighton Director David Hart

Q&A with Buxton’s Brighton Director David Hart

It took us a little while to get to know David Hart but, once we did, we have found him a straight shooter, an accurate price and market reader and a person you can do deals with. He is actually somebody you can have a good conversation with and, when he does [...]
It is time to hit the Button?

It is time to hit the Button?

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 68 per cent on the 19 auctions we attended today. In this week’s Market Wraps, we are most appreciative of the time and effort Scott Patterson of Jellis Craig (Boroondara), Iain Carmichael of Bennison Mackinnon (Stonnington) and David Hart of Buxton (Bayside) put [...]
Looks like this could be the market until Christmas!

Looks like this could be the market until Christmas!

It’s 7pm on Saturday and our James Clearance Rate is 82 per cent on the 22 auctions we attended and reported on. Need we say any more – the market continues its strength and subsequent price rising, despite being in an increasing stock level environment. Flashback: our report from 22 November 2008: Today, only two [...]

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