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Market News » Elwood


WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Boroondara Weekly

Boroondara Weekly

Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, Brighton, Hawthorn or is it Albert Park? These are very influential suburbs and more expensive than the suburb we think is Melbourne’s most influential land value suburb, but it is not any of these. No, Melbourne’s [...]
The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!

At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
2014 is going out with a bang!

2014 is going out with a bang!

At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2.  After a slight breather last week, it looks like the year [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
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 [...]
A Market of Differing Opinions

A Market of Differing Opinions

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 26% Lone Rangers ($M+ auctions with one bidder) 13% Norms ($M+ auctions with 2 [...]
Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow! If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
Chinese Buyers continue to Underpin the Top End of the Market

Chinese Buyers continue to Underpin the Top End of the Market

Saturday, March 29: Market Summary 2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now. This weekend was another Super Saturday with over 150 Auctions in [...]
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 [...]
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 [...]
An up and down end to 2013

An up and down end to 2013

At 6.00pm on Super Saturday the James Clearance Rate for Melbourne’s $M+ property was 62% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8 – down on last week. Ducks (no bidder auctions) – 24% Lone Rangers (1 bidder auctions) – 18% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ [...]
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 [...]
Port Phillip Weekly

Port Phillip Weekly

Lucky 13 With thirteen properties over the one million dollar mark scheduled for auction in Port Phillip this weekend, there are signs that stock levels seem to be surviving without the need for resuscitation just yet. Mind you, quality will be in the eye of the beholder with some of these offerings. The stand out was [...]
Steady as she goes on low auction stock levels

Steady as she goes on low auction stock levels

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2 Ducks (no bidder auctions) – 25% Lone Rangers (1 bidder auctions) – 9% Norms (2-3 bidder auctions) – 47% Volcanoes (4+ bidder auctions) – 19% A win to [...]

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