oc | Thursday 12th December

Market News » bidderman


The market heat is inching back into the red zone!

The market heat is inching back into the red zone!
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 69% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2. In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 27% Lone Rangers (1 bidder auctions) – 11% Norms (2-3 bidder auctions) – [...]
$M+ Market is up 10% on last year – a fairly unanimous opinion.

$M+ Market is up 10% on last year – a fairly unanimous opinion.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 67% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 31% Lone Rangers (1 bidder auctions) – 6% Norms (2-3 bidder auctions) – [...]
There is nothing unhealthy about this current $M+ Inner Melbourne market – we’re seeing a solid Bidderman rate, good clearances, and good prices. The circa 10% drop between May 2010 and May 2012 has been clawed back by the market between October 2012 and today.

There is nothing unhealthy about this current $M+ Inner Melbourne market – we’re seeing a solid Bidderman rate, good clearances, and good prices. The circa 10% drop between May 2010 and May 2012 has been clawed back by the market between October 2012 and today.

A little bit of a lull in exciting homes.

A little bit of a lull in exciting homes.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2. In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 20% Lone Rangers (1 bidder auctions) – 20% Norms (2-3 bidder auctions) [...]
After a super strong finish to the market pre-Easter in terms of stock levels, Bidderman and clearance rates, the big question was: will it continue after Easter? Well, here we are. So what is happening in Inner Melbourne $M+?

After a super strong finish to the market pre-Easter in terms of stock levels, Bidderman and clearance rates, the big question was: will it continue after Easter? Well, here we are. So what is happening in Inner Melbourne $M+?

Back after a spell and it’s steady as she goes

Back after a spell and it’s steady as she goes

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9. Market Summary Welcome back after the Easter break. Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
This market continues to be very, very strong.

This market continues to be very, very strong.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 70% on the 37 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Bidderman is really the best measurement of demand going round and it seems to be steady this year, having risen significantly from last year. It [...]
So what will happen after the Bunny in 2013? We’ve got good stock supply, clearance rates that are consistently around 70%, and a Bidderman rate that is consistently over 2 bidders per auction. These facts tell us we are in an expanding demand market rather than a restricted supply market – so the signs are positive for a sustainable improving Inner Melbourne $M+ home market. But it will be mid-May before we know for sure.

So what will happen after the Bunny in 2013? We’ve got good stock supply, clearance rates that are consistently around 70%, and a Bidderman rate that is consistently over 2 bidders per auction. These facts tell us we are in an expanding demand market rather than a restricted supply market – so the signs are positive for a sustainable improving Inner Melbourne $M+ home market. But it will be mid-May before we know for sure.

Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Stonnington Weekly

Stonnington Weekly

Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate.  This weekend we went even better with a strong 85% clearance rate overall. Of the 8 auctions we covered,  2 were bought before, 2 had no bidders and [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
So how did the market start?

So how did the market start?

At 6.00 pm the James Clearance Rate was 66% and Bidderman, our bidders per auction measurement, was 2.2. Well, here we are knee-deep in the thick of it. This was a borderline Super Saturday, as is early next week, meaning we have around 150 scheduled Million Dollar plus auctions in Inner East and Bayside. We say borderline [...]
Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
The bounce is continuing in the later spring market.

The bounce is continuing in the later spring market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market. $M+ Clearance Rates: Boroondara – 88% on [...]

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