oc | Tuesday 21st January

Market News » bidderman


Action Again all at the Top of the Top End

Action Again all at the Top of the Top End
At 6pm on Saturday, the James Clearance Rate for $M+ was 54% on the 28 auctions we attended. Yes it was down and in our opinion that was again due to lack of exciting stock rather than lack of demand for good homes. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. You [...]
Parts of the Top of the Top End are spiking right now!

Parts of the Top of the Top End are spiking right now!

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. Another solid weekend, especially for A grade homes. We feel the market is now back to a balanced state and should remain so with these current very low stock levels. The Weekly Review Bidderman, our demand indicator, was [...]
Trading Up? Not a lot of Goodies coming on!

Trading Up? Not a lot of Goodies coming on!

At 6pm on Saturday, the James Clearance Rate for $M+ was 65% on the 26 auctions we attended. Solid result on low numbers. At these stock levels we have moved our market indicator back to balanced, however prices are continuing to ease on a number of lesser quality homes. The Weekly Review Bidderman, our demand indicator, was [...]
The Top of the Top End flared back into life this week!

The Top of the Top End flared back into life this week!

At 6pm on Saturday, the James Clearance Rate for $M+ was 62% on the 26 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction – still indicative of price falls. As it has been for the last few weeks, so it will be for the next few weeks. We are in a [...]
Buyers take the down escalator on price

Buyers take the down escalator on price

At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.2. Neither figure represented the spark many of us wanted to see to fire this market into action. Channel Nine – THE BLOCK Auction Postscript Congratulations to Channel Nine and The Block [...]
Invisible Anchor holds down Prices on Auctions.

Invisible Anchor holds down Prices on Auctions.

At 6pm on Saturday, the James Clearance Rate for $M+ was 60% on the 30 auctions we attended. It was a strong result in light of the market uncertainty, but it was also somewhat to be expected, given that this was a rare high quality weekend with low new stock numbers, and the market at [...]
We all waited with bated breath … AND

We all waited with bated breath … AND

Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker.  And really, what else could you have expected! At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse. The Weekly Review Bidderman, [...]
Good quality stock hard to find in a lacklustre market.

Good quality stock hard to find in a lacklustre market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. That figure is probably inflated due to a lack of quality auctions and very low stock levels, but it does indicate that the quality clearance rate may well be above, rather than below, the Melbourne-wide clearance rate right [...]
Without doubt the market was more positive this week – 80+% in Boroondara

Without doubt the market was more positive this week – 80+% in Boroondara

At 6pm on Saturday, the James Clearance Rate for $M+ was 58% on the 24 auctions we attended.   The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. That was the best performance since our day of surprises a month ago. While one third of the homes passed in with no bidders, thereby virtually [...]
Wheels of supply grinding to a halt – but demand for good homes still out there.

Wheels of supply grinding to a halt – but demand for good homes still out there.

At 6pm on Saturday, the James Clearance Rate for $M+ Inner East and Bayside was 38% on the 26 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1 bidder per auction. These are less than stellar numbers for those looking for comfort in the stats. But to inject a bit of a reality check, [...]
Yes it’s a ‘down’ market, but it’s not like last year.

Yes it’s a ‘down’ market, but it’s not like last year.

At 6pm on Saturday, the James Clearance Rate for $M+ was 41% on the 27 auctions we attended. Auction numbers were typically low for winter, with just 70 homes over a million dollars going to auction in Bayside and Inner East this weekend. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. But that [...]
Buyers are there, and happy to buy when vendors are meeting the market

Buyers are there, and happy to buy when vendors are meeting the market

At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 32 auctions we attended. On one of the bigger $M+ auction days for the year we were back to the low clearance rates we’ve seen in six out of the past eight weeks. Clearly we are still in a buyers’ market. The [...]
A week is a long time in this market. Big Crowds and Big Results this weekend!

A week is a long time in this market. Big Crowds and Big Results this weekend!

At 6pm on Saturday, the James Clearance Rate for $M+ was an amazing 84% on the 37 auctions we attended. You read that correctly, and yep, we weren’t ready for that either. The Weekly Review Bidderman, our demand indicator, was 2.1. Hello where did all you bidders suddenly come from? Market Summary: Some days the market just confounds [...]
Bumper issue – Buying smart – RIGHT NOW!

Bumper issue – Buying smart – RIGHT NOW!

At 6pm on Saturday, the James Clearance Rate for $M+ was 46% on the 27 auctions we attended. By any measurement, and even on a low stock day in terms of numbers and quality, this is not the sign of a vibrant market. The Weekly Review Bidderman, our demand indicator, is 1.1 bidders per auction, continuing the significant [...]
Nervous Bidders are losing the plot – and costing themselves a lot of money.

Nervous Bidders are losing the plot – and costing themselves a lot of money.

At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]

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