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May ends on another Super Saturday

May ends on another Super Saturday
Week Ending, Saturday, May 31 A String of Super Saturdays In the last 18 months or so, there has been continuous growth in the market, with steady demand and supply levels. Today was the second Super Saturday in seven days, with 176 auctions above the $1 million mark, after last weeks 145 or so.  That comes after a [...]
Back in the saddle, but a bit of a shocker at the Top End!

Back in the saddle, but a bit of a shocker at the Top End!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 61% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was down to 1.3. An unusual day today, with everything down compared with recent weeks. $3M+ PLUS It was a bit of a shocker weekend for the [...]
Brushing off the winter cobwebs (sort of)

Brushing off the winter cobwebs (sort of)

At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended. The Weekly Review Bidderman – 1.8 bidders per auction. Market Summary Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
Nervous Bidders are losing the plot – and costing themselves a lot of money.

Nervous Bidders are losing the plot – and costing themselves a lot of money.

At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
Buyers sit on the fence, hands in pockets.

Buyers sit on the fence, hands in pockets.

At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End. Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
Market Mojo returns – but is it a One Day Wonder?

Market Mojo returns – but is it a One Day Wonder?

At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month. Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
Million Dollar Melbourne quiet in March

Million Dollar Melbourne quiet in March

Key Point: The Top End outside Inner East and Bayside is mainly in that $1.5m to $2.2m range and the action this month has been relatively thin on the ground with many agents reporting a lot of homes for sale but with little movement generally. Agent Q & A: Has the market changed since before Labour Day [...]
Small numbers to report first day back, so let’s wait and see before drawing any conclusions for the rest of Melbourne

Small numbers to report first day back, so let’s wait and see before drawing any conclusions for the rest of Melbourne

Agent Q & A: How have you found non-auction sales so far this year? David Oster, Jellis Craig, Ivanhoe:“I’ve found non- auction sales still a little grey. Not as much transparency or buyer  comments such as “why hasn’t it gone to auction?”or “when did it pass in?” Whereas at auctions, we have found that they may have only one [...]
Up, down and now back up this week. Next week?

Up, down and now back up this week. Next week?

Week Ending November 27th: The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
A big sale in Ivanhoe at 9 Nyorie Crt

A big sale in Ivanhoe at 9 Nyorie Crt

    Around the Grounds: Parkville, 543 Royal Pde, Craig Shearn (Jellis Craig); “The auction of this Royal Parade home had all the makings of an entertaining event, with a picturesque location, a lively crowd in attendance and just the right amount of sunshine in which those gathered could bask. Auctioneer Craig Shearn competed valiantly [...]
In the “Burbs” there is a “Bur(b)geoning” Million Dollar Market

In the “Burbs” there is a “Bur(b)geoning” Million Dollar Market

Key Points: Mixed bag around the grounds with an overall clearance rate of 58% Across Melbourne there were 143 reported sales over a million dollars yesterday Biggest auction was 16 Brooke, Eaglemont, with Damien Carter of Miles. On a quote of mid to high $2 million it was bought for just over mid $3 million Agent Q & A: [...]
Million Dollar Melbourne was not flying this weekend

Million Dollar Melbourne was not flying this weekend

Key Points Ascot Vale, 13 Fisher – Ray White – With views over the Maribyrnong River, this was bought for $2,000,000. Land value $2,000+ per sq metre 8 buys over $1m in Caulfield and Elsternwick this week, including in the heart of the Bagel belt – 31 Aroona with Rochelle Butt of TBM at $2,511,000 Templestowe, 70B Newmans [...]
Still fairly solid outside Inner East and Bayside @ $1m

Still fairly solid outside Inner East and Bayside @ $1m

Biggest Clifton Hill 12 North Terrace Steve Earl of Harringtons was bought at auction for $4,115,000 Around the grounds Alphington 6 Bennett: Peter Egan Nelson Alexander: Passed In for $1,000,000: No Bidders It could only be described as scenes from an unfortunate comedy skit – one I’m sure auctioneer Peter Egan had not foreseen when commencing the auction of [...]
September sees the re-emergence of Melbourne’s $3m+ Market

September sees the re-emergence of Melbourne’s $3m+ Market

September Executive Summary: Demand: Solid and increasing Reported Boughts: 46 Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875 Supply: New Stock Low Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
The market is on low stock alert. We need more.

The market is on low stock alert. We need more.

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was an almost hard to believe 88% for the 33 auctions we attended. Bidderman, our Demand Indicator, was steady at 1.8 bidders per auction. This is a level we would call solid. Market Supply was 77 monitored $M+ Auctions (100 is a strong weekend). Market Price seems to be firming [...]

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