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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 [...]
This week is the first big auction week back for 2014, a Super Saturday in fact (around 150 Million Dollar Plus Auctions in Bayside and the Inner East). Has the mood changed from the good times for buyer (choice) and seller (competition and price) pre Christmas times to a more challenging market? Categorically No!

This week is the first big auction week back for 2014, a Super Saturday in fact (around 150 Million Dollar Plus Auctions in Bayside and the Inner East). Has the mood changed from the good times for buyer (choice) and seller (competition and price) pre Christmas times to a more challenging market? Categorically No!

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 market is not easy for buyers right now in 2014. Yes you have plenty of choice but you also have plenty of competition on some and then no competition, except yourself, on others. To paraphrase Sun Tzu – while you need to be prepared for the fight and at all times prepared to actually fight; the best warriors are the ones that achieve their (clients’) goals with a minimum of bloodshed.

The market is not easy for buyers right now in 2014. Yes you have plenty of choice but you also have plenty of competition on some and then no competition, except yourself, on others. To paraphrase Sun Tzu – while you need to be prepared for the fight and at all times prepared to actually fight; the best warriors are the ones that achieve their (clients’) goals with a minimum of bloodshed.

The market is not easy for buyers right now in 2014. Yes you have plenty of choice but you also have plenty of competition on some and then no competition, except yourself, on others. To paraphrase Sun Tzu – while you need to be prepared for the fight and at all times prepared to actually fight; the best warriors are the ones that achieve their (clients’) goals with a minimum of bloodshed.

The market is not easy for buyers right now in 2014. Yes you have plenty of choice but you also have plenty of competition on some and then no competition, except yourself, on others. To paraphrase Sun Tzu – while you need to be prepared for the fight and at all times prepared to actually fight; the best warriors are the ones that achieve their (clients’) goals with a minimum of bloodshed.

Some strong results away from auction

Some strong results away from auction

Week Ending Saturday, November 30 Biggest Auctions: Port Melbourne, 25 Beach Street, Oliver Bruce (Marshall White), after auction, $5,175,000, 4 bidders Over 80 people poured into the kitchen/living area of 25 Beach street, Port Melbourne today to see Oliver Bruce put the home to auction…(See More in Auction Reports) South Yarra, 17-19 Alexandra Avenue, Tim Derham (Abercromby’s), after auction, [...]
Stonnington Weekly

Stonnington Weekly

Right now just as a stretching buyer has to ask the question: Am I buying a price or am I buying the property, so all sellers are now being asked that perplexing question by the market: are you selling a property or are you selling a price? Big difference in strategies! BUT, and it’s a big [...]
$3m+ market is tracking along well

$3m+ market is tracking along well

Week Ending Saturday, October 26 – Super Saturday! It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything. Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day [...]
Spring has Sprung & Top End Market is Lifting

Spring has Sprung & Top End Market is Lifting

  The first week of September was all about the Federal Election. Auction activity returned to full swing on September 14. There were four auctions in Melbourne over $3m. See details below. Week Ending September 14, 2013 Biggest Auctions: Toorak, 10 Yarradale Road, Tim Derham (Abercromby’s), under hammer, $4,840,000, 4 bidders 80 or so are comfortably gathered in the backyard [...]
This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.

This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 81% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Ducks (no bidder auctions) –18% Lone Rangers (1 bidder auctions) – 13% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ bidder auctions) – 24% Another win to the Norms! Market This [...]
Hasta La Vista Winter!

Hasta La Vista Winter!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 69% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2. Ducks (no bidder auctions) –23% Lone Rangers (1 bidder auctions) – 17% Norms (2-3 bidder auctions) – 46% Volcanoes (4+ bidder auctions) – 14% Another win [...]
At the moment the market is very healthy for most parties. Good prices, good interest and good choices for many A and B graders.  Some B graders and C graders are still not flying out the door – no real surprises there.

At the moment the market is very healthy for most parties. Good prices, good interest and good choices for many A and B graders. Some B graders and C graders are still not flying out the door – no real surprises there.

Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This week our enquiry has predominantly been in the up to mid $1 million range – and what a competitive segment this is, in all parts of Stonnington! We bought a single-fronter in Malvern East at a Boardroom auction on Wednesday (with three active bidders) that had been scheduled for auction on Saturday (Daniel [...]
Northern Weekly

Northern Weekly

We had been looking forward to the auction of 155 Clarke Street Northcote (Luke Sacco, Nelson Alexander), a home we rated 659/1000 and one of the strongest looking properties I’ve seen for a while. I was quite taken by this property with its link to the past, yet well renovated for the future. However, unlike the [...]
Northern Weekly

Northern Weekly

Based on the volume of new properties to hit the market this weekend right across the north-east and inner-north markets, the first Super Saturday of the early spring market in this area may be August 24. Inner North-East Statistically, the first half of 2013 has seen marginally more million dollar plus sales in Ivanhoe, Ivanhoe East and [...]

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