oc | Monday 9th December

Market News » Kew


Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In
At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
Stock Levels continue to increase, however 32 properties over $1 million bought today

Stock Levels continue to increase, however 32 properties over $1 million bought today

Key Points: Both Jellis Craig and Marshall White report very strong clearance rates into the 80s Stock continues to come onto the pre Easter market – the question is whether the market will be able to sustain this James Tostevin: “Overall a good day, the $3m+ market is hard to read and we are not getting huge numbers [...]
Stable stats belie a fragile market mood

Stable stats belie a fragile market mood

At 6pm on Saturday, the James $M+ Clearance Rate on the 32 auctions we covered was 59%. With two weeks in a row at this level, this is a market coming out of ‘balanced’ and leaning towards “cool’. Bidderman, our demand indicator of average bidders per auction, has continued to decline to 1.3 bidders per [...]
Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Key Points: Clearance Rates are definitely not as good as we are used to in Boroondara but they are still healthy in the mid 60’s and nearly 40 homes over a million were bought this week Stock Surge – Large amounts of $M+ stock are hitting the market for pre Easter campaigns 61 Bellett Camberwell has been on [...]
$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
Big crowds but there is an underlying agent nervousness in Boroondara

Big crowds but there is an underlying agent nervousness in Boroondara

Key Points Big Numbers at almost all auctions – a crowd of 300 reported at 15 Stephens St Balwyn North Agents are concerned about the market – definitely not upbeat as a whole Lots of new stock on the market this week – Pre Easter has the potential to be a whole new market to this early season [...]
$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 [...]
Season Opener: February 19th

Season Opener: February 19th

Welcome to Million Dollar Melbourne in 2011 With the Auction Season Opener hitting us between the eyes on February 19, we know that the big question for buyers, sellers and agents is: What is going to happen in 2011? The feeling in late 2010 was that the market was cooling and we shared that view on price [...]
A fair few pass-ins, but a lot on offer. Thirty over $1 million and four over $3 million were bought

A fair few pass-ins, but a lot on offer. Thirty over $1 million and four over $3 million were bought

Today’s Highlights: Balwyn 32 Stephens, Maurice Di Marzio, Bought under the hammer for $3,800,000 – 4 bidders Balwyn 12 Knutsford, Tim Derham, Bought under the hammer for $3,520,000 – 4 bidders Kew 1 Stawell, Gowan Stubbings, undisclosed Bought after – 2 bidders Kew 3-5 Rimington, Scott Patterson, Bought After above $3,650,000 –  2 bidders Off Market Hawthorn 26 Fordholm, Michael Armstrong, [...]
Up, down and now back up this week. Next week?

Up, down and now back up this week. Next week?

Week Ending November 27th: The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
Clearance Rate dips to 54%

Clearance Rate dips to 54%

Key Points Clearance rate lower than expected 4 out of 5 properties over $2,000,000 passed in A number of no bid auctions which we haven’t seen for some time in Boroondara 6 out of 7 properties in Balwyn North between $1,000,000 and $1,500,000 were bought Price Watch 10 Leslie St Hawthorn with Chloe Quinn of Jellis Craig was bought for at [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
September sees the re-emergence of Melbourne’s $3m+ Market

September sees the re-emergence of Melbourne’s $3m+ Market

September Executive Summary: Demand: Solid and increasing Reported Boughts: 46 Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875 Supply: New Stock Low Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
The $3m+ market is continuing to return to some life

The $3m+ market is continuing to return to some life

Another strong (well stronger than Winter) fortnight for auctions and private sales over $3m. Rather than wax lyrical lets look at some facts. See below for results, reports, ratings and analysis. Full Auction Report: Click here https://www.marketnews.com.au/auction-reviews/8807/42-Wattle_Valley-Road-CANTERBURY Full Auction Report click here: https://www.marketnews.com.au/auction-reviews/8705/24-Somers-Avenue-MALVERN Full Auction Report: Click here https://www.marketnews.com.au/auction-reviews/8829/4-Forrest-Court-TOORAK Full Auction Report click here: http://www.james.net.au/rating/49-Harcourt-Street-HAWTHORN_EAST Full Auction Report click here: https://www.marketnews.com.au/auction-reviews/8670/1-Myamyn-Street-ARMADALE/ Full Rating click here: http://www.james.net.au/rating/6-Head-Street-BRIGHTON Full Video [...]
Some sustained stock levels and clearance rate easing. But Bidderman is still strong.

Some sustained stock levels and clearance rate easing. But Bidderman is still strong.

Key Points: We covered 11 auctions across Boroondara on Saturday. Of those, 4 sold under the hammer, and 4 were bought after. Bidders on all bar one auction. Big crowd increases. The biggest auction of the day was 42 Wattle Valley Rd, Canterbury (Richard Winneke of Jellis Craig), which had an after-auction sale price in excess of $3,400,000 and [...]

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