oc | Friday 6th December

Market News » Hawthorn


Market Spike or Stepping Stone to a new Peak?

Market Spike or Stepping Stone to a new Peak?
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. In terms of bidder demand at auctions, the breakdown was: ◦Ducks (no bidder auctions) – 26% ◦Lone Rangers (1 bidder auctions) – 16% ◦Norms (2-3 bidder auctions) – 32% ◦Volcanoes [...]
This price segment is starting to rise

This price segment is starting to rise

Week Ending 18th May Off-Market Special This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector. Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
Back after a spell and it’s steady as she goes

Back after a spell and it’s steady as she goes

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9. Market Summary Welcome back after the Easter break. Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
It’s official: the Top End is moving, with 40+ buys this month

It’s official: the Top End is moving, with 40+ buys this month

Week Ending 23rd March – We are now seeing The A graders are having multiple bidders – look at the number of volcanoes The B graders are getting mopped up – check old stock records The C graders are being considered by those [...]
Boroondara Weekly

Boroondara Weekly

While it was nice to take a breather last week, the property market in million-dollar-plus Melbourne certainly looks to be rolling on in a positive way. Some recent sales of interest: 25 Redmond Street, Kew (James Tostevin, Marshall White) – This sold strongly before auction for around the $2.9m mark. Bought for land value only, and working [...]
Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Boroondara Weekly

Boroondara Weekly

There is a good feel to the market right now. Buyers are positive and vendors also seem to be on board and prepared to meet the market. Along with this, the media is mainly positive about the market, which always helps. I must say some properties that I felt would struggle (e.g. those with compromised [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
Boroondara Weekly

Boroondara Weekly

After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
Boroondara Weekly

Boroondara Weekly

Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee. Last [...]
Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
Boroondara Weekly

Boroondara Weekly

A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were: 28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton) 3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon) 5 Urquhart Street, Hawthorn (Antony [...]
Boroondara Weekly

Boroondara Weekly

The market felt quite positive today, with most good properties attracting multiple bidders and selling well. The overall Clearance Rate for Boroondara $M+ was a whopping 88%. Two of these were Land Sales, with solid results – 3 Grange Ave Canterbury (Daniel Bradd, Kay and Burton) – 1155m2 south rear with sloping down block, selling for just over $2355/m2 18 [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable day on the Boroondara auction streets on Saturday, although it was still a little subdued compared to Super Saturday a few weeks ago. Of the 12 auctions we attended, 9 sold and 3 passed in (75%), which aligns closely with the overall $1m+ market in Boroondara (72%). Some observations: The hammer rate, where [...]
Boroondara Weekly

Boroondara Weekly

It was a quieter day in terms of auction numbers, which is understandable given we were coming off the Melbourne Cup weekend. That said, there were good numbers at opens and auctions we attended. Of the nine auctions we reviewed, two sold before, four sold on the day and three passed in – not bad [...]

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