oc | Sunday 15th December

Market News » justin long


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 [...]
There’s a heartbeat in the $3m+ market – and off-market sales are back.

There’s a heartbeat in the $3m+ market – and off-market sales are back.

Week 4 August 27 2011: Not a lot happened at auction in this market this weekend at $3M+, with the exception of 25 Kent Avenue – the action was all last week and it was away from the auctions. Biggest Sale: 25 Kent Ave, Brighton, Leigh Hallamore (Buxton); After auction, $6,400,000, 4 bidders Crowd numbers were high [...]
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, [...]
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 [...]
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 [...]
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 [...]
It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

Key Points: A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought. Although there was a lot on offer – it was a mixed bag quality wise. If there is such a thing the good home clearance rate index would have shown a better result than the [...]
The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

Key Points: Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter.  19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
It was struggle street out there today (for many sellers).

It was struggle street out there today (for many sellers).

At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
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
At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

Key Points: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically. Nobody bid at the 19 Kingston St Malvern East auction (Iain Carmichael) at $4,250,000 but 2 bidders emerged post auction and fought it out afterwards to a price well in excess of the reserve and well in [...]
Where the big action was this weekend – 7 sales over $3m this week – 70% Clearance Rate.

Where the big action was this weekend – 7 sales over $3m this week – 70% Clearance Rate.

Key Points: It’s all about the bigger deals this week: Malvern 19 Hamilton – Justin Long – At Auction – $4,357,000 Malvern 66 Claremont – Iain Carmichael – At Auction – $3,700,000 Toorak 9 Ross – Justin Long – Auction – over $3,600,000 Toorak – 3 Teringa – Andrew(s) McCann and Macmillan of Benmac – post last weeks auction [...]
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 [...]
$3M+ market February market was a bit flat  – except for Brighton

$3M+ market February market was a bit flat – except for Brighton

Week Ending February 26th: If last week was the season opener for the $1m+ auction market, then this week was the beginning of the $3m+ auction market
$3M+ market stumbles at 2011's first hurdle – except for Brighton

$3M+ market stumbles at 2011's first hurdle – except for Brighton

Week Ending February 26th: If last week was the season opener for the $1m+ auction market, then this week was the beginning of the $3m+ auction market and the main focus for this weekend’s report. We don’t have all this weekend’s numbers in yet, so it’s hard to call, but it [...]

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