oc | Friday 6th December

Market News » Kew


Boroondara marches on!

Boroondara marches on!
After a week or two off for serious buyers and sellers, the market in Boroondara keeps on keeping on, with clearance rates for most agencies around the 85 per cent-plus mark. The weather in Melbourne was perfect today – perhaps the last breath of summer – and there were good people numbers at  auctions and at [...]
The March 27 Auction Test  – a Jellis Craig Record and the whole Boroondara Market passes with flying colours

The March 27 Auction Test – a Jellis Craig Record and the whole Boroondara Market passes with flying colours

A big day in Boroondara today – all the key agencies operating at capacity  – and the clearance rates were strong to match the big auction numbers. Bidderman was well over three for the seven auctions we attended and all of these auctions sold and sold strongly. James Tostevin (Marshall White) had a strong day – 7 [...]
The Million dollar plus market still has some very strong results; but we are seeing a slight easing of demand continuing on the overpriced or less than perfect.

The Million dollar plus market still has some very strong results; but we are seeing a slight easing of demand continuing on the overpriced or less than perfect.

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 27 Auctions we attended today was 65 per cent. Bidderman remained steady at 2 bidders per auction. However 1 in 3 of the auctions we attended today had no bidders. 33% of auctions (on OK James rated homes) had no bidders under the hammer today!! If you look [...]
Boroondara had a strong week. No market turn obvious today.

Boroondara had a strong week. No market turn obvious today.

Strong day in Boroondara today for good properties, with many homes selling under the hammer and selling strongly. However not all auction results have been reported.   Scheduled Reported Ashburton 1 1 Balwyn 8 6 Balwyn North 7 6 Camberwell 7 7 Canterbury 1 1 Glen Iris 4 4 Hawthorn 4 4 Hawthorn East 9 4 Kew 14 7 Kew East 3 3   58 43 Some of the auctions that we attended – 8 Moorhouse Street Camberwell (Heather Elder, Marshall White). Sold for $1,997,000 – 4 bidders 14 Lyndhurst Crescent Hawthorn (Peter Batrouney, [...]
The million dollar-plus view

The million dollar-plus view

This article was written in The Age, Business Day section. http://www.theage.com.au/business/property/the-million-dollarplus-view-20100314-q62r.html AS BUYER advocates, my colleagues and I attend 30 to 50 auctions a week and 100 or so open for inspections of properties in inner Melbourne’s million-dollar-plus residential market. We are regularly asked what’s happening in the million-dollar-plus market, what’s driving this market, [...]
Boroondara for sellers; perfect one weekend, tough the next! Nobody could say there is an immediate stock shortage with 150 (million dollar) auctions in the next fortnight.

Boroondara for sellers; perfect one weekend, tough the next! Nobody could say there is an immediate stock shortage with 150 (million dollar) auctions in the next fortnight.

Interesting day in Boroondara today, with a few properties flying out the door with 5 or more bidders and also a number passing in quietly without much crowd interest. Scott Patterson from Jellis Craig thought the market was patchy – yet probably understandable. Scott thought the company’s clearance rate probably dropped back to around 70% today. This was [...]
Today we go on a tour of 50 of Melbourne’s $Million+ Auctions. In 2010, this is what is really happening in Melbourne!

Today we go on a tour of 50 of Melbourne’s $Million+ Auctions. In 2010, this is what is really happening in Melbourne!

It is 6pm and the James Million Dollar+ Clearance rate from the 47 Auctions we attended today was 83 per cent. This week, we are focusing purely on the market, as it is the first major quality offering since late 2009. Next week is Labour Day (no Market News) and then it’s only three weekends of [...]
2010 is going to be your year of the good decision

2010 is going to be your year of the good decision

It’s 6pm and the James million-dollar-plus clearance rate is 83% on the 30 auctions we attended. Bidderman was 3.0 per auction with only 4 from 30 auctions attracting no Bidderman and 7 from 30 auctions attracting Bidderman 6 or more. The highlight of today’s auctions was a $7 million sale at 14 Scotsburn Grove Toorak selling [...]
Hawthorn, Canterbury, Camberwell, Glen Iris, Kew, Hawthorn East

Hawthorn, Canterbury, Camberwell, Glen Iris, Kew, Hawthorn East

33 houses reported for sale today under $1.8m and only 2 passed in. Bidderman 1.6 Balwyn was interesting today with 9 reported auctions and 4 pass-ins but drill down on the stats a bit more and you see anything under $2m sold and everything over $2m passed in. Drill down again and those pass-ins were all double storey [...]
Strong but a little patchy – probably some vendor price issues

Strong but a little patchy – probably some vendor price issues

It is 6pm Saturday and the James Auction Clearance Rate on the 26 $1 million-plus properties we attended and reported on today was 69 per cent. Three Cheers for Greg Costello and Evelyn Papadopoulos of RT Edgar Brighton. Today they auctioned a flat in Holyrood St Hampton with a publicly declared and advertised reserve. And [...]
Hawthorn, Canterbury, Camberwell, Glen Iris, Kew and Hawthorn East

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

Where the market liked the property they went at it hard. Bidderman 3 Boroondara’s reported $m+ clearance rate on all suburbs except Glen Iris was 77% on 26 auctions. The highlights being the big 3 over 3 by Jellis Craig. Dean St Kew ($3.99m), Wattle Valley Rd Canterbury ($3.65m) and Stoke St Kew [...]
Hawthorn, Canterbury, Camberwell, Glen Iris, Kew and Hawthorn East

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

Boroondara had the most auction activity today, both in number of auctions and number of bidders. Also plenty of choice over the next three weeks with 48 and 61 million-dollar-plus auctions planned for the last weeks in November. The Celia Street Glen Iris story: One interesting result: same-sized blocks (642 sqm to 675 sqm), same sorts [...]
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 [...]
Not as many bidders as Stonnington but still strong.

Not as many bidders as Stonnington but still strong.

We looked at 27 campaigns over a million in Boroondara this week – 27 and of those 22 sold. When talking with James Connell of Marshall White he said of his company’s weekend results in Boroondara and Stonnington, 8 sold before hand; 20 sold at auction and 3 passed in. That [...]
Solid to Strong Weekend across Kew to Camberwell

Solid to Strong Weekend across Kew to Camberwell

19 Sales and Pass-Ins of interest over a million in Boroondara (not including Glen Iris) this week with 17 being sold. We were interested in land values in Kew, Balwyn and Ashburton and an old favourite finally sold in the Reid Estate. 50 Fellows St Kew – Peter and Trish Dixon of [...]

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