oc | Friday 6th December

Market News » jellis craig


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 [...]
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 [...]
We all waited with bated breath … AND

We all waited with bated breath … AND

Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker.  And really, what else could you have expected! At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse. The Weekly Review Bidderman, [...]
Glen Iris and Malvern strong this week

Glen Iris and Malvern strong this week

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s [...]
8 of the 9 James rated homes sold at auction today

8 of the 9 James rated homes sold at auction today

Key Points: Bigger crowd numbers out there today. I attended 5 auctions  and there were  3 bidders at 4 of these. Partly prices have altered (for the better) and partly due to better stock on the market today. There will be even better offerings next weekend – May 28. Buyer advocates out in some force. Some bidding for [...]
Quiet auction weekend in leafy Boroondara

Quiet auction weekend in leafy Boroondara

Are we in for some Super Saturdays at the end of this month? Glen Coutinho, Hocking Stuart (Hawthorn): “Yes, some super Saturdays are coming. The Easter break had a lot of homes starting late, the first campaign date start was the end of April. So the end of May auction weeks will be big.”
Like previous weeks, not much happening in Stonnington

Like previous weeks, not much happening in Stonnington

Are we in for some Super Saturdays at the end of this month? Justin Long, Marshall White (Armadale): “There are traditionally 4 or 5 very solid auction weekends in May, but with Easter falling so late in the piece, the first 2 weekends have not found favour with vendors. As a result, the 21st and in [...]
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 [...]
Uncertain times and new $3m+ stock not as strong as May last year

Uncertain times and new $3m+ stock not as strong as May last year

Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends. Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
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 [...]
The $3m+ market continued to awaken from its previous non-existence – but away from auctions.

The $3m+ market continued to awaken from its previous non-existence – but away from auctions.

To be frank I wasn’t that excited about running around to auctions today (which is very unusual for me). We videoed the 23 Falmouth St, Hawthorn auction with one of my favourite agents Hamish Tostevin and 4 bidders. But after that I cleaned up my paperwork and looked forward to a week [...]
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 [...]
10 from 10 on the auctions we covered

10 from 10 on the auctions we covered

We mainly focus on the better quality homes, however 10 from 10 was still a surprise. This stat varies dramatically from our overall monitored auctions stat of just over 50% – similar to last week. It was a Super Saturday in Boroondara with over 50 auctions at $M+ and over 30 sales reported as being [...]
Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

Key Points: Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
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

Inside James Market News