oc | Thursday 23rd January

Market News » Clarity


In the words of Oscar Wilde any talk of the market’s death was greatly exaggerated. Wow what an incredibly powerful market day for $million+ homes and this was local not overseas buying strength.

In the words of Oscar Wilde any talk of the market’s death was greatly exaggerated. Wow what an incredibly powerful market day for $million+ homes and this was local not overseas buying strength.
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 39 Auctions we attended today was 77 per cent and we have no late REIV results so could be higher. Bidderman was well up at 3 bidders per auction and any talk from us of the last two weeks looking a bit soft has been well and [...]
Subdued today – but let’s wait and see over the next three weeks.

Subdued today – but let’s wait and see over the next three weeks.

It is 6pm Saturday and the James Auction Clearance Rate on the 20 $1 million-plus properties we attended and reported on today was 55 per cent. If you exclude the three sold befores, then, at auction, we saw a 23 per cent clearance rate under the hammer. Wormie the Price Worm is to the right and [...]
Property science and laws

Property science and laws

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 84 per cent on the 25 auctions we attended today. The market today (Saturday) was again very, very strong. In fact, this is one of our biggest ever clearance rates for $1m+ homes. This, despite stock increasing and interest rate talk. Still [...]
The market may be changing but you still need to bid to buy.

The market may be changing but you still need to bid to buy.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 66 per cent on the 18 auctions we attended. The market is gyrating and still full of some incredibly strong sellers’ results but we feel it could be turning, or at least altering the incline of its recent ascent. Why? Stock levels are definitely [...]
Nobody ever truly buys at market – if market is the buyers common view

Nobody ever truly buys at market – if market is the buyers common view

It's Saturday at 6.00 pm and the James Clearance Rate for $m+ auctions is 70% on the 20 auctions we attended. While there were some incredibly strong results, we are still looking to see if there is any relief in sight. Auction crowd numbers are easing (a smidge). Bidderman in November/December last year was 0.8 per auction; then May and June of this year Bidderman was over 3.2 bidders per auction and today Bidderman was at 2 bidders per auction on million dollar plus properties. Although there were a number of 4 bidder auctions there were also a number of 1 bidder auctions. Granted no surprise pass-ins but it is something to monitor.
Price should not be a noun; it should be a verb. Price is a living, breathing thing.

Price should not be a noun; it should be a verb. Price is a living, breathing thing.

It’s 6pm and the James Clearance Rate for million-dollar-plus homes is another 70 per cent on the 20 auctions we attended today and will rise overnight. The picture above is of the guiding hand of James Connell from Marshall White as he works the crowd at today’s 2 Selwyn Court Toorak auction. Is that [...]
How to Buy the Right Property

How to Buy the Right Property

Our Fundamentals Buying the right property is a science. And an art. There are a lot of factors which affect whether or not you get a good deal when buying property. For those who love the Art vs Science arguments, let’s say there is an art to finding, matching and negotiating a property. That is [...]
9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

Three really grand offerings on the market. If you had around $10 million which would you buy?  In other words how do they compare? We rated this property 771/1000 this one 756/1000 and this one 408/1000 First and foremost buying any property well is about going through a process. Clarifying Your Needs Find – [...]

Inside James Market News