oc | Sunday 15th December

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Northern Weekly

Northern Weekly
Last weekend I attended the auction of 286 Rathdowne Street in Carlton North, which sold for $1,170,000. I actually liked this home, and given the limited land size, I thought it was very cleverly designed and offered some great lifestyle features. Rathdowne St is one of the great boulevards in Melbourne and some seriously good [...]
Northern Weekly

Northern Weekly

There were a couple of strong results in Fitzroy North this weekend. A large crowd turned out for the auction of the double-fronted Victorian at 147 Falconer Street, the property was initially passed in at $2,090,000 and after negotiations failed to meet the reserve price of $2,200,000, the two remaining interested parties resumed a ‘mini [...]
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 [...]
Port Phillip Weekly

Port Phillip Weekly

Gridlock With the Grand Prix on this weekend, normally sleepy Port Phillip is currently clogged up with bollards and crowd controllers directing traffic. Key agents Michael Coen (Hocking Stuart) and Kaine Lanyon (Marshall White) agree that this means there will be little, or no real auction action over the next two weekends with only five auctions [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
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 [...]
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

A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were: 28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton) 3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon) 5 Urquhart Street, Hawthorn (Antony [...]
Boroondara Weekly

Boroondara Weekly

The market felt quite positive today, with most good properties attracting multiple bidders and selling well. The overall Clearance Rate for Boroondara $M+ was a whopping 88%. Two of these were Land Sales, with solid results – 3 Grange Ave Canterbury (Daniel Bradd, Kay and Burton) – 1155m2 south rear with sloping down block, selling for just over $2355/m2 18 [...]
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 [...]
Boroondara Weekly

Boroondara Weekly

It was a quieter day in terms of auction numbers, which is understandable given we were coming off the Melbourne Cup weekend. That said, there were good numbers at opens and auctions we attended. Of the nine auctions we reviewed, two sold before, four sold on the day and three passed in – not bad [...]
Boroondara Weekly

Boroondara Weekly

It was a busy day around the Boroondara auction traps this weekend. Of the 12 auctions we monitored, 9 sold, representing a fairly healthy 75% clearance rate. While the Melbourne-wide Bidderman sat at 1.5, Boroondara Bidderman was slightly higher, at 1.7. We certainly feel the market has lifted; numbers at properties are up, sentiment is [...]
Maybe now is the time to see the glass half full, rather than half empty.

Maybe now is the time to see the glass half full, rather than half empty.

At 6pm on Saturday, the James $M+ Clearance Rate was 61% across the 31 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. While those figures did not represent a noticeable improvement in the stats, we think the market has shifted to a positive note in the last fortnight as you will see [...]
Stonnington Weekly

Stonnington Weekly

This week we saw average sized crowds for an average set of properties and, by the end of the day, there was a 100% clearance rate in Stonnington. All five of the auctions we covered hit the mark in terms of having reserves nearer to the quote range and being suitable to a specific buyer group [...]
Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.

At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]

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