oc | Wednesday 26th February

Market News » buyer interest


The Market Begins the Big May Run – Hold On!

The Market Begins the Big May Run – Hold On!
Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest) As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!

At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
Chinese Buyers continue to Underpin the Top End of the Market

Chinese Buyers continue to Underpin the Top End of the Market

Saturday, March 29: Market Summary 2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now. This weekend was another Super Saturday with over 150 Auctions in [...]
Northern Weekly

Northern Weekly

Inner North East Good supply has been limited recently in this region, as seems to be the case across Melbourne. The $1m – $2m segment is experiencing strong buying demand at the moment, but supply is limited to less than a handful of properties. In this segment, 71 The Eyrie in Eaglemont and 15 Marshall St in [...]
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

This year seems to have started where it left off – with a sense of buyers wanting to transact. Stonnington Snapshot Last year we did almost a third of our business for the year in the last 6 weeks of the year. In fact, we worked on deals till Christmas. Of particular interest were a [...]
Bayside Weekly

Bayside Weekly

Bay View Welcome to the first Bayside market wrap for 2013. From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable day on the Boroondara auction streets on Saturday, although it was still a little subdued compared to Super Saturday a few weeks ago. Of the 12 auctions we attended, 9 sold and 3 passed in (75%), which aligns closely with the overall $1m+ market in Boroondara (72%). Some observations: The hammer rate, where [...]
The best pre-negotiation tool may be a coffee

The best pre-negotiation tool may be a coffee

If you feel that a win-win style will work for you; then you need to give a little to get a little before you can finalise a strategy. Prior to starting one on one negotiations, you need a forum for pre-negotiation discussions and I much prefer a coffee to a phone line. Naivety, experience and lack of preparation are not good prerequisites for the sorts of meetings I outline below, so if you don't feel it's you or if you have loose lips then engage a professional.
This is a Market Performing Differently at Different Price Points

This is a Market Performing Differently at Different Price Points

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 59% for the 31 auctions we attended. Bidderman was at 1.5 – a more representative number than last week’s 2.2 we think.  Main Points: A significant, but largely expected, drop in activity and dollar value 3 Longstaff Kew East – sold by Glen Coutinho of Hocking Stuart, had a [...]
The Rules Have Changed

The Rules Have Changed

This is an advertisement for James Buyer Advocates. You may have noticed: the rules on homebuying have changed. This market is no longer the one that was on fire from May 2009 to April 2010. That was a market where you might have been up against five or six bidders at an auction. It may have [...]
A softening maybe on the horizon. In Brighton and Brighton East 4 from 18 were reported as bought today. That’s 22%.

A softening maybe on the horizon. In Brighton and Brighton East 4 from 18 were reported as bought today. That’s 22%.

Discussions this week with Robin Parker of RT Edgar Real Estate included the  firm’s initiative to disclose the reserve price at the commencement of the campaign of 12 Cowper Street, Brighton. Throughout the campaign,  Rowan Thompson (the auctioneer), advised prospective buyers that property would be on the market at $1,425,000.   Buyers were informed and [...]
Concept 104 – 3 Orrong Crescent Camberwell

Concept 104 – 3 Orrong Crescent Camberwell

Here is a property that prospective buyers will be thinking long and hard about – and they need to.  Although livable it is need of serious renovation – the original house / facade must remain as this is protected by a statutory planning department  Heritage Overlay. Golf Links Estate is a much loved [...]
A Story of Courage and Leadership.

A Story of Courage and Leadership.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 83 per cent on the 24 auctions we attended today. The big news is on a very large day for auctions the bidder numbers per auction has actually risen dramatically to 3 per auction despite the interest rate noises. This is substantial [...]
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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