oc | Friday 24th January

Market News » bidderman


Buyers sit on the fence, hands in pockets.

Buyers sit on the fence, hands in pockets.
At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End. Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
Market Mojo returns – but is it a One Day Wonder?

Market Mojo returns – but is it a One Day Wonder?

At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month. Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
April’s Super Saturday didn’t confirm what was expected. The market was actually stronger today. James $M+ Clearance rate 71% and Bidderman approaching 2. Many “good home” buyers see a lack of Post Easter quality stock coming on and this had a big impact on today’s market.

April’s Super Saturday didn’t confirm what was expected. The market was actually stronger today. James $M+ Clearance rate 71% and Bidderman approaching 2. Many “good home” buyers see a lack of Post Easter quality stock coming on and this had a big impact on today’s market.

It was struggle street out there today (for many sellers).

It was struggle street out there today (for many sellers).

At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
Today the market told the world it was awakening from its Summer slumber. Bidderman approached 2; Clearance Rates were in the warmish 60s. And with stock and quality levels to improve over the next fortnight, one would have to say – we are away and the market has a pulse.

Today the market told the world it was awakening from its Summer slumber. Bidderman approached 2; Clearance Rates were in the warmish 60s. And with stock and quality levels to improve over the next fortnight, one would have to say – we are away and the market has a pulse.

Season Opener: February 19th

Season Opener: February 19th

Welcome to Million Dollar Melbourne in 2011 With the Auction Season Opener hitting us between the eyes on February 19, we know that the big question for buyers, sellers and agents is: What is going to happen in 2011? The feeling in late 2010 was that the market was cooling and we shared that view on price [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
$M+ Glen Eira is picking up where it left off pre-Winter.

$M+ Glen Eira is picking up where it left off pre-Winter.

Given this is our first report back from winter, we are giving you a flavour of what is happening in what is probably, outside of Boroondara, Melbourne’s most dynamic $M+ market. We covered the 5 major Glen Eira auctions yesterday and with an average Bidderman of 2, things have started strongly for Spring. Results: BENTLEIGH 17 Twisden Road $1,460,000 Bought CAULFIELD 87 [...]
Stock is coming on – prices are going where….?

Stock is coming on – prices are going where….?

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer. On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
Good stock is drying up. Price seems to have moved from falling to neutral, however today’s Clearance Rate and Bidderman were not great for some sellers. We may be in balance but we are on an edge.

Good stock is drying up. Price seems to have moved from falling to neutral, however today’s Clearance Rate and Bidderman were not great for some sellers. We may be in balance but we are on an edge.

Good stock is drying up. Price seems to have moved from falling to neutral, however today's Clearance Rate and Bidderman were not great for some sellers. We may be in balance but we are on an edge.

Good stock is drying up. Price seems to have moved from falling to neutral, however today's Clearance Rate and Bidderman were not great for some sellers. We may be in balance but we are on an edge.

We went to 39, $million+ auctions today and 30 either sold before or under the hammer. Almost half of them were over $2 million and we witnessed 2 six million+ sales with multiple bidders. Overall Bidderman was up to a very strong 3 per auction across the board. Five auctions had crowds over of 200 people. Facts speak for themselves; the last fortnight was just a lull until the good homes came on today and as each one did the market spoke very loudly. Buy, buy, buy.

We went to 39, $million+ auctions today and 30 either sold before or under the hammer. Almost half of them were over $2 million and we witnessed 2 six million+ sales with multiple bidders. Overall Bidderman was up to a very strong 3 per auction across the board. Five auctions had crowds over of 200 people. Facts speak for themselves; the last fortnight was just a lull until the good homes came on today and as each one did the market spoke very loudly. Buy, buy, buy.

Today’s conundrum: Strong results and a reduced Bidderman. The million dollar plus market of the last two weeks is different from the last three months and maybe trying to tell us something. A heap of homes bought pre auction around $3million, particularly in Boroondara. 33% of the auctions we attended today had no bidders – that’s one in three – no bidders. Next week should confirm any market change or dispel our comments of easing as greatly exaggerated. A big test –  7 sleeps to go.

Today’s conundrum: Strong results and a reduced Bidderman. The million dollar plus market of the last two weeks is different from the last three months and maybe trying to tell us something. A heap of homes bought pre auction around $3million, particularly in Boroondara. 33% of the auctions we attended today had no bidders – that’s one in three – no bidders. Next week should confirm any market change or dispel our comments of easing as greatly exaggerated. A big test – 7 sleeps to go.

The most quality stock on show for $Million+ Melbourne since November 2009. Bidderman is 2.8; meaning that while there was a buyer for almost everything on sale today there were almost 2 unsatisfied buyers at every auction. On this fact alone prices must continue to rise for the foreseeable future.

The most quality stock on show for $Million+ Melbourne since November 2009. Bidderman is 2.8; meaning that while there was a buyer for almost everything on sale today there were almost 2 unsatisfied buyers at every auction. On this fact alone prices must continue to rise for the foreseeable future.

Compared to last week, there was no doubt that today was a lot tougher for buyers. The bullish seller run of September and October seems to have quickly reignited after last week’s hiatus. Bidderman was at 2.5 bidders per auction.

Compared to last week, there was no doubt that today was a lot tougher for buyers. The bullish seller run of September and October seems to have quickly reignited after last week’s hiatus. Bidderman was at 2.5 bidders per auction.


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