oc | Thursday 12th December

Market News » Kew


The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!
At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
2014 is going out with a bang!

2014 is going out with a bang!

At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2.  After a slight breather last week, it looks like the year [...]
The Top End of Town – November 2014

The Top End of Town – November 2014

Week Ending November 22 The Very Top End of Town in 2014 Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER. In the last month we have purchased 13 [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE. Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

Week Ending Saturday, September 13: Market Summary The Market is splitting as it normally does when adjusting to the Spring Influx of properties. This week the market has sent buyers and sellers two very clear messages. If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m  range, then you have [...]
May ends on another Super Saturday

May ends on another Super Saturday

Week Ending, Saturday, May 31 A String of Super Saturdays In the last 18 months or so, there has been continuous growth in the market, with steady demand and supply levels. Today was the second Super Saturday in seven days, with 176 auctions above the $1 million mark, after last weeks 145 or so.  That comes after a [...]
Some strength but lacking consistency

Some strength but lacking consistency

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
A Market of Differing Opinions

A Market of Differing Opinions

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 26% Lone Rangers ($M+ auctions with one bidder) 13% Norms ($M+ auctions with 2 [...]
Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow! If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
Chinese Buyers continue to Underpin the Top End of the Market

Chinese Buyers continue to Underpin the Top End of the Market

Saturday, March 29: Market Summary 2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now. This weekend was another Super Saturday with over 150 Auctions in [...]
Market Continues to Alter its Trajectory

Market Continues to Alter its Trajectory

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 68% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2 Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 23% Lone Rangers ($M+ auctions with one bidder) 17% Norms ($M+ auctions with 2 [...]
Second Super Saturday in seven days and the upper auction market burps

Second Super Saturday in seven days and the upper auction market burps

At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45  auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Market Summary On the face of it that was a big drop from last weekend’s “red zone” numbers. We agree – but it should be noted that our [...]
2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!

At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
The Auction Pre-Season has Started!

The Auction Pre-Season has Started!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.8. It’s good to be back and around the auction scene again. The highlight this weekend was that half  the auctions we covered had three [...]
Northern Weekly

Northern Weekly

It’s been an interesting year in the Inner North, especially in the second half of the year following in the traditional mid-year hiatus. This year had the Federal Election added in to the mix, and this played on the minds of potential sellers as they held out for a political outcome before listing. All the [...]

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