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Market News » clearance rates


Port Phillip Weekly

Port Phillip Weekly
In Port Phillip, the start of 2012 mirrored most of 2011, with stock-shortage being the buzz word amongst agents and buyers. As the year progressed, we saw vendors adjust their expectations as agents finally realised they had to work harder to make vendors understand that the value of their property may have fallen. The interest [...]
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 [...]
Lack of exciting stock on the market brings on a quieter weekend

Lack of exciting stock on the market brings on a quieter weekend

At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. That low Bidderman rate reflects how the market felt this weekend – quiet. This lack of activity is hardly unexpected given that the Melbourne market is [...]
The 6 Auction “Majors”

The 6 Auction “Majors”

Published in the Weekly Review It attracts more anticipation than a Grand Final, and a bigger array of stars than the Cup Carnival. And the results are more telling than the Bathurst 500: that’s what Super Saturday, October 27th represents to the largest array of buyers and sellers on offer this year. This coming weekend was always [...]
Are we boring you? Top end prices are still drifting down, clearance rates are 50/50. However, crowds were out in big numbers, with more than a 100 people at 6 out of 31 auctions. And there were four volcano (4+) auctions. So when the price star, the position star and the property star are aligned – it can still be Whammo.

Are we boring you? Top end prices are still drifting down, clearance rates are 50/50. However, crowds were out in big numbers, with more than a 100 people at 6 out of 31 auctions. And there were four volcano (4+) auctions. So when the price star, the position star and the property star are aligned – it can still be Whammo.

Stonnington Weekly

Stonnington Weekly

Mid Year Report: You know what? Three cheers for Stonnington: because if it weren’t for Toorak through to Armadale there wouldn’t have been much to cheer about now at the top in 2012. The $M+ market in Boroondara and Bayside and Port Phillip has been noticeably on the nose in 2012 when it comes to positive trends [...]
The market still seems a lot cooler than May – but a number of selling agents have been successful this weekend in managing expectations. Accordingly the market responded with better clearance rates.

The market still seems a lot cooler than May – but a number of selling agents have been successful this weekend in managing expectations. Accordingly the market responded with better clearance rates.

So far it’s been a year of low quality stock undermining buyer demand

So far it’s been a year of low quality stock undermining buyer demand

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
Brighton very solid, however down the Bay stays away

Brighton very solid, however down the Bay stays away

Key Points: Clearance Rate for quality homes was stronger than our stats show today If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled. Hampton 7 Raynes Park Road with Stephen Wigley [...]
New stock is limited and being taken up by auction buyers

New stock is limited and being taken up by auction buyers

Key Points: There is not a lot of new stock on offer due to Grand Prix interruptions and now we have Easter approaching so lean times for new offerings. Nothing approaching or over $2m reported as bought in the last week. Damian O’Sullivan, Marshall White, Albert Park: “We feel the market is very balanced at the moment as [...]
Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Key Points: Toorak 17 Lansell with Lisa Jarrett of Abercrombys sold mid week after being on the market since late last year Toorak 16 Cole St with Nicole Gleeson of Kay and Burton sold mid week after being on the market since late last year Agent Q & A: Has the market changed since before Labour Day weekend? Lachlan Fraser-Smith, [...]
Some solid results but the trend is easing down under weight of stock numbers.

Some solid results but the trend is easing down under weight of stock numbers.

Key Points: Boroondara has a lot of stock on the market and waves are continuing to arrive each week – the indicators do clearly show a dampening of market demand under weight of numbers, almost identical to May of last year. However these results do not show the market is significantly dropping or without some [...]
With the Grand Prix – 3 sell out of only 4 key $M+ auctions

With the Grand Prix – 3 sell out of only 4 key $M+ auctions

Agent Q & A: Has the market changed since before Labour Day weekend? Kaine Lanyon, Marshall White, Albert Park: “We haven’t noticed or sensed any change in the market since prior to the Labour Day weekend.  The overall market appears to be quite well balanced. That is, well and fairly priced property is transacting consistently, [...]

Inside James Market News