oc | Sunday 15th December

Market News » Hawthorn


Boroondara Weekly

Boroondara Weekly
It was a reasonable weekend in Boroondara, with a 71% clearance rate. This is not too bad when you consider our Melbourne $1m plus overall clearance rate was 50%. Of the 12 auctions we attended, 6 sold on the day and a further 2 sold before. The Tostevin brothers (and their team) at Marshall White would [...]
The Banks are starting to pull the market strings!

The Banks are starting to pull the market strings!

At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.  Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
Boroondara Weekly

Boroondara Weekly

There were more auctions in Boroondara this weekend compared to last weekend (29 versus 21), yet the clearance rate fell away significantly (86% versus 58%). Perhaps this is due to more higher-end properties being auctioned. There were some ‘big’ pass-ins, namely at 14 Molesworth Street Kew, 44 Chrystobel Crescent Hawthorn and 13 Raven Street Kew [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable weekend in Boroondara and the 86% clearance rate certainly indicates that good properties will attract good competition, and that even those that are not so good will sell, as long as they priced correctly. Numbers have been very good at most opens and auctions but, then again, the pickings [...]
Catch a falling star

Catch a falling star

At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended. The Weekly Review Bidderman was 1.4 bidders per auction. Market Summary The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
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 [...]
First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

In Boroondara, the auction mood was a little frosty. But in the jewel suburbs of Kew, Hawthorn and Hawthorn East, 8 from 8 scheduled auction properties sold. Of the 8 auctions we attended, 5 sold – so the news overall was not too bad. Most of the top selling agents continue to get solid results, namely: Scott [...]
April may be quiet in terms of turnover, but not in terms of quality with three $10M+ transactions so far

April may be quiet in terms of turnover, but not in terms of quality with three $10M+ transactions so far

Saturday April 21st: 22 South Road Brighton (Peter Hickey) Bought After $3,255,000 James Auction Report: Thought I would come to see the only $3m auction on offer today – that is if it is actually gets $3m+.  Auctioneer Mark Earle strides out in front of a crowd of around 60 and launches into a synopsis of [...]
The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter. But to keep some perspective [...]
By any measure it was a slow start to 2012 at the upper level!

By any measure it was a slow start to 2012 at the upper level!

As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts. The Question: After [...]
Solid demand on very low numbers is pushing prices past conservative expectations

Solid demand on very low numbers is pushing prices past conservative expectations

Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of  this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
The Block broke all the rules in the book

The Block broke all the rules in the book

The Block was great entertainment – but for me it was also the best reality TV show in a decade because it showed the harsh reality of what happens when you break all the rules in the property investment book. I took the opportunity to go through each property a few weeks before the auctions and [...]

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