oc | Sunday 15th December

Market News » jellis craig


Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In
At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
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 [...]
Stable stats belie a fragile market mood

Stable stats belie a fragile market mood

At 6pm on Saturday, the James $M+ Clearance Rate on the 32 auctions we covered was 59%. With two weeks in a row at this level, this is a market coming out of ‘balanced’ and leaning towards “cool’. Bidderman, our demand indicator of average bidders per auction, has continued to decline to 1.3 bidders per [...]
Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Key Points: Clearance Rates are definitely not as good as we are used to in Boroondara but they are still healthy in the mid 60’s and nearly 40 homes over a million were bought this week Stock Surge – Large amounts of $M+ stock are hitting the market for pre Easter campaigns 61 Bellett Camberwell has been on [...]
Stock Surge Dilutes Bidder Numbers

Stock Surge Dilutes Bidder Numbers

At 6pm on Saturday the James $M+ Clearance Rate on the 32 auctions we covered dipped to 59%. For the second week in a row there were around 150 new $M+ listings in our main coverage area of Bayside and the Inner East. Buyers have firmly said to sellers – “if it ain’t priced right [...]
Big crowds but there is an underlying agent nervousness in Boroondara

Big crowds but there is an underlying agent nervousness in Boroondara

Key Points Big Numbers at almost all auctions – a crowd of 300 reported at 15 Stephens St Balwyn North Agents are concerned about the market – definitely not upbeat as a whole Lots of new stock on the market this week – Pre Easter has the potential to be a whole new market to this early season [...]
$1 m+ market hotting up, but the $3m+ market still underwhelming

$1 m+ market hotting up, but the $3m+ market still underwhelming

At 6.00pm Saturday, the James Clearance Rate for the 31 Million Dollar Plus Auctions we covered was 74%.  The signs are there that the market has started with a hint of warmth about it. Bidderman was at 2, the $M+ Clearance Rate was 74% and this weekend’s Hammer rate was almost one in two. That’s a [...]
Melbourne’s Million Dollar engine room pressed the ignition switch with a spluttering 50% clearance

Melbourne’s Million Dollar engine room pressed the ignition switch with a spluttering 50% clearance

Key Points: Stonnington outperformed Boroondara in terms of clearance rate The top end is not moving with any conviction, and no sales over $3m have been reported to us this year Two big weeks ahead will give a greater indication as to the health of Hawthorn and surrounds. Our thoughts with the numbers at OFI’s  and the [...]
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 [...]
Hottest market is for the $1.2 to $1.6 million double-fronted timber home in need of some work – with a market price tag on it.

Hottest market is for the $1.2 to $1.6 million double-fronted timber home in need of some work – with a market price tag on it.

Key Points: Crowds smaller and less bidders with a clearance rate at 62% – lowish for Boroondara, however there were around 50 auctions over $1 million. Hottest market is for the $1,200,000 to $1,600,000 double fronted timber home in need of some work with a market price tag on it. Scott Patterson MD of Jellis Craig: Clearance Rate [...]
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 [...]
Bounce-back – well a bit anyway. Overall quality below average

Bounce-back – well a bit anyway. Overall quality below average

Key Points: Clearance Rate this week on the almost 50 auctions over $1 million we monitored was 58%. Not the usual we would expect in this area, but a lot better than last week. Stock quality on offer was below average, so this weekend represented a bit of a bounceback. Only three properties priced at more than [...]
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: [...]
Bring it on next week!

Bring it on next week!

Key points: We attended nine auctions in Boroondara. Four were bought under the hammer, three were bought after and two remain unsold 13 Kirkwood Drive, Camberwell (Steven Abbott, Jellis Craig) had six bidders, while 5 Vaughan Ave, Canterbury (Tim Heavyside, Fletchers, bought for $1,901,500) had five. Biggest sale of the day was 27 Grange Rd, Kew (Richard Earle, [...]

Inside James Market News