oc | Sunday 8th December

Market News » kay and burton


Boroondara Weekly

Boroondara Weekly
As we move well into spring, the large train that is the Melbourne property market is slowly starting to move. Of the six auctions we attended this weekend, five sold and Bidderman was a healthy ‘2’. Boroondara is seeing good numbers of people out looking  – and there are some good properties to look at. While auction numbers [...]
$3m+ off life support. $5m+ looking still looking unwell.

$3m+ off life support. $5m+ looking still looking unwell.

Week Ending September 15th: This Weekend with only 3 from 7 over $3m reported as selling before 6.00pm, we feel this shows the market is continuing to struggle on more offerings than not at the Top End. 9 Scotsburn Toorak (Justin Long) with 5 bidders fighting it out to $4,220,000 is a good case study. The result [...]
Port Phillip Weekly

Port Phillip Weekly

Of the eight properties that were up for sale for over $1 million this weekend in Port Phillip, the hammer rate was 25% at 6pm Saturday 11th August. One of the properties that sold was a rare vacant block of land, measuring 391 sq metres in Albert Park at 17 Hambleton Street. It was auctioned by [...]
Bayside Weekly

Bayside Weekly

Ian Jackson of Kay and Burton moved a couple of biggies this week with an off-market property producing the second biggest number in Bayside this year, as well as another with large land, tennis court and pool at 522 Balcombe Road Black Rock. It had an ask above $3m but got a result below [...]
Port Phillip Weekly

Port Phillip Weekly

Vendors – where are you all? With only two properties listed for auction over $1m in Port Phillip this weekend, there was very little to choose from. According to Alex Schiavo of Kay and Burton Real Estate, we would normally have more stock this time of the year, “but for some reason clients are delaying putting [...]
Stonnington Weekly

Stonnington Weekly

Mid Year Report: You know what? Three cheers for Stonnington: because if it weren’t for Toorak through to Armadale there wouldn’t have been much to cheer about now at the top in 2012. The $M+ market in Boroondara and Bayside and Port Phillip has been noticeably on the nose in 2012 when it comes to positive trends [...]
May ends with the biggest auction of the year – but turnover down going into Winter

May ends with the biggest auction of the year – but turnover down going into Winter

End of Autumn in a nutshell: Some life at the Top of the Top End with sales over $7m under the hammer at Seacombe Brighton (John Bongiorno) and Mayfield Malvern (Gerald Delany) and through private sale at Domain South Yarra (Andrew Baines) and Hampden Armadale (Jeremy Fox). This follows on from last month’s 5 sales circa [...]
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 bubble deflated a long time ago – and 2011, like 2010, has mostly been a Buyers’ Market.

The bubble deflated a long time ago – and 2011, like 2010, has mostly been a Buyers’ Market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 46% on the 24 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3. This Weekend’s Market It was a weekend that exemplified what 2011 has mostly been about – big enough crowds, and even spirited bidding in some cases, but ultimately a failure by [...]
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 [...]
So far it’s been a year of low quality stock undermining buyer demand

So far it’s been a year of low quality stock undermining buyer demand

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
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 [...]
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 [...]

Inside James Market News