oc | Thursday 12th December

Market News » kay and burton


Most of those that were hot were red hot – but there are buying opportunities

Most of those that were hot were red hot – but there are buying opportunities
It’s 6.00 pm Saturday and the James $m+ Clearance Rate on the on the 30 $m+ properties we attended today, was a credible but not stellar 63 per cent. Detailed Analysis in all Market Wraps below Market Insight Boroondara – awash with $m+ property and forthcoming auctions. Stonnington – Armadale hotter than hot – [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Leaving out Glen Iris – talked about that in Boroondara wrap – we saw 24 $m campaigns this week with a seller disconcerting 10 passed in at auction. That is a clearance rate of 58% and the main reason the overall James Clearance Rate is as weak as it is today. Why? Price is why? Many vendors [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Around 15 $m+ properties sold at auction today, with the highest reported sale price at 18 Winifred Cres Toorak which sold for $4.21 million. Gerald Delany and Clive Nettlefold of Kay and Burton. Good job, considering most others at this level failed to sell today. Although stronger this week, sellers didn’t have it all [...]
Last week just looked like a blip for sellers – strong today for the right home!

Last week just looked like a blip for sellers – strong today for the right home!

It is 6pm Saturday and the James Auction Clearance Rate on the 22 $1 million-plus properties we attended and reported on today was a very strong 86 per cent. Last week was subdued but today was not – bang! Seemingly on the way back, in most instances, to where we left off pre-Melbourne Cup. Women are [...]
South Yarra, Prahran, Toorak, Armadale, Malvern and Malvern East

South Yarra, Prahran, Toorak, Armadale, Malvern and Malvern East

Little to report on the $m front interest after a huge October for most Stonnington agents. Plenty of choice over the next 3 weeks with 24 and 29 Auctions $1m auctions planned for the last 2 weeks in November. Private Sales 36 Heyington Place Toorak was sold by Tom Staughton and Mike Gibson of Kay and Burton. Assuming a complete [...]
Beaumaris, Brighton to Port Melbourne – Along the Bay.

Beaumaris, Brighton to Port Melbourne – Along the Bay.

Bayside was the leader this week in $m+ plus action: Some examples 6 Grosvenor St Brighton – down near the bay just off the Golden Mile sold for $2.8m or just shy of $3000 per sq metre if you place no value in the house. We think there is some value in the [...]
In the trenches: report on million-dollar Melbourne

In the trenches: report on million-dollar Melbourne

It is 6pm Saturday and the James Auction Clearance Rate on the 32 $1m+ properties we attended and reported on today was 72 per cent. The REIV’s clearance rate was declared at 82 per cent but they are missing around 200 auction results and our guess is the clearance rate has dropped below 80 per [...]
There is a very solid $4m+ market redeveloping

There is a very solid $4m+ market redeveloping

Lots of homes to report on. In not the best part of Brighton East – 20 Letchworth Avenue – which is down towards Moorabbin; saw a block of land sale by Andrew Urquhart of JP Dixon of just over a million or $1500+ per sq metre. While down that way Jacquie Maggs [...]
A Story of Courage and Leadership.

A Story of Courage and Leadership.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 83 per cent on the 24 auctions we attended today. The big news is on a very large day for auctions the bidder numbers per auction has actually risen dramatically to 3 per auction despite the interest rate noises. This is substantial [...]
Well done Bennison Mackinnon

Well done Bennison Mackinnon

Well done, Iain Carmichael. Well done, Richard Mackinnon. Well done to all directors of Bennison Mackinnon Armadale. Have you noticed a change in the air in Stonnington, have you noticed the new hot Armadale company to sell your home through? Bennison Mackinnon. They have taken a stance on buyer respect and it seems [...]
Bidderman did not miss a beat today – still at 2.3 bidders per auction.

Bidderman did not miss a beat today – still at 2.3 bidders per auction.

It is 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 74 per cent on the 19 auctions we attended and reported on today. What effect did the interest rates have this weekend? Nil. The only thing we noticed was a few more bought befores, maybe meaning a couple of nervous vendors. We saw 51 [...]
Q&A with Jellis Craig’s Director Scott Patterson

Q&A with Jellis Craig’s Director Scott Patterson

For many years, Scott Patterson has been the “pin-up” auctioneer of Hawthorn and surrounds – well, according to the ladies we represent, he is. Scott is the “new face” of Jellis Craig. Our personal dealings with Scott have always been straightforward and, while we have had differences and probably will continue to [...]
It is time to hit the Button?

It is time to hit the Button?

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 68 per cent on the 19 auctions we attended today. In this week’s Market Wraps, we are most appreciative of the time and effort Scott Patterson of Jellis Craig (Boroondara), Iain Carmichael of Bennison Mackinnon (Stonnington) and David Hart of Buxton (Bayside) put [...]
Camberwell, Kew, Hawthorn, Canterbury, Hawthorn East, Surrey Hills and Glen Iris

Camberwell, Kew, Hawthorn, Canterbury, Hawthorn East, Surrey Hills and Glen Iris

Boroondara continued it’s strength and perhaps moved up another notch. Alastair Craig of Jellis Craig said today was a very strong market day and we have to agree with him. 79a Harcourt Hawthorn East (Rathmines Precinct) and north facing rear gave us another clear indication of land values. Bulldozer home on 523 [...]
Covering Beaumaris through Brighton to Port Melbourne in $1m+ homes

Covering Beaumaris through Brighton to Port Melbourne in $1m+ homes

A few mixed results in Bayside again today, but mid-week JP Dixon got away a big apartment sale in the Sandown St Golden Mile complex at just under $4 million. That is almost $20 million-worth of apartment and townhouse sales in a week and a bit for Brighton’s big end of town. Some [...]

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