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Bidders out in force on a big weekend

Bidders out in force on a big weekend
At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 28 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.9. Not only is that higher than we’ve seen in a long, long time (we’ll have to check our records) it is [...]
Wow! A Bidderman ‘Volcano’ this weekend, at 2.9 compared to 1.9 two weeks ago. Last weekend was time to plan – this week it’s time to act!

Wow! A Bidderman ‘Volcano’ this weekend, at 2.9 compared to 1.9 two weeks ago. Last weekend was time to plan – this week it’s time to act!

Bayside Weekly

Bayside Weekly

There were mixed results last weekend, which was also a ‘Super Saturday’.  Bidderman dropped to an average of 1.7 bidders per property and whilst this is not alarming (it is only the fourth weekend we have covered this year that has averaged under 2, and the other three were on lesser quality, low stock weekends), [...]
Boroondara Weekly

Boroondara Weekly

Last Super Saturday weekend, did it fly or fizzle? You be the judge on our sample of auctions below. I attended four auctions this weekend, and all four were bought by Chinese buyers. The auctions at Higham Road and Walpole Street were flyers – no doubt about that. Trends: We are seeing more and more Chinese Nationals bidding [...]
Bidderman and Clearance Rates are easing under the weight of stock despite plenty of deals going over the line. We appear to be going into a Winter of Some Uncertainty as to Spring’s Top End Market Direction.

Bidderman and Clearance Rates are easing under the weight of stock despite plenty of deals going over the line. We appear to be going into a Winter of Some Uncertainty as to Spring’s Top End Market Direction.

Market Feels A Bit Quieter at the Top End

Market Feels A Bit Quieter at the Top End

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 61% on the 23 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2. Given there were very few auctions this weekend because of the Easter campaign interruptions, we are not reading too much into these stats. Overall Summary [...]
Second Super Saturday in seven days and the upper auction market burps

Second Super Saturday in seven days and the upper auction market burps

At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45  auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Market Summary On the face of it that was a big drop from last weekend’s “red zone” numbers. We agree – but it should be noted that our [...]
2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!

At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
The Auction Pre-Season has Started!

The Auction Pre-Season has Started!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.8. It’s good to be back and around the auction scene again. The highlight this weekend was that half  the auctions we covered had three [...]
Back in the Red Zone!

Back in the Red Zone!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 79% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. That’s a big rebound from last week. But the stock was very different and we saw a lot less properties above $3 million. It [...]
The $M+ market is splintering down the middle – and this weekend’s stats show this starkly. With a clearance rate down at 53% but Bidderman up at a strong 2.3 bidders per auction,  this market is focusing on the “goodies” and ignoring the “not so goodies.”

The $M+ market is splintering down the middle – and this weekend’s stats show this starkly. With a clearance rate down at 53% but Bidderman up at a strong 2.3 bidders per auction, this market is focusing on the “goodies” and ignoring the “not so goodies.”

Lots of Stock Splintering the Market

Lots of Stock Splintering the Market

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 53% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.3. This market is really splintering down the middle, and this weekend’s stats show this starkly. When you’ve got a clearance rate down to 53%, [...]
Back in the saddle, but a bit of a shocker at the Top End!

Back in the saddle, but a bit of a shocker at the Top End!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 61% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was down to 1.3. An unusual day today, with everything down compared with recent weeks. $3M+ PLUS It was a bit of a shocker weekend for the [...]
Super Saturday this week – Super, Super next week!

Super Saturday this week – Super, Super next week!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9. That’s a slight dip from previous weeks, but understandable given the huge numbers on offer. Let’s see what happens next week. Ducks (no bidder auctions) [...]
Living up to the headlines

Living up to the headlines

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.4. Both are showing a strong market after the footy break. Ducks (no bidder auctions) – 20% Lone Rangers (1 bidder auctions) – 10% Norms (2-3 bidder auctions) [...]

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