BY James Buyer Advocates 4th September 2010
Key Points:
Of the 10 auctions we attended in Boroondara on Saturday, all but one either sold under the hammer or was bought after auction.
Canterbury 7 from 8 over a million were bought at auction today.
Highlight auction was 49 Harcourt Ave, Hawthorn East, James Tostevin, bought in excess of $7 million.
Weakest areas were Balwyn and [...]
BY James Buyer Advocates 31st July 2010
Key Points
Boroondara still the “healthiest” million dollar market to sell in – although impressive challenge from Stonnington today.
A few upper end quality homes are drifting onto the market – but supply is tight.
Current sales volume is way less than the peak one to two months ago
Agent Comments – This week we asked if the election [...]
BY James Buyer Advocates 24th July 2010
Not much happening today, with one of the quietest non-holiday Boroondara auction weeks I can remember. There were 11 auctions and seven sold. In May we were running at four times this almost every week. Very few private sales either.
Bidderman was irrelevant on such small numbers. The highlights were:
3 Longstaff Kew East – Glen Coutinho [...]
BY Mal James 17th July 2010
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%.
Our Demand Indicator Bidderman was 2.2. Hmmm – an interesting increase but it was off a very low turnover.
Today’s Highlights
1) Bidders were present at 18 of the 22 auctions we covered – and at three auctions there were 6+bidders
23 [...]
BY Mal James 17th July 2010
This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
BY Mal James 17th July 2010
This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
BY Mal James 17th July 2010
This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
BY Mal James 17th July 2010
This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
BY James Buyer Advocates 19th June 2010
As we approach the shortest day of the year, we saw a record number of auctions in Boroondara on Saturday (compared to equivalent weekends in past years). Given the large supply, the market seems to have some resilience. In fact, there is so much going on that many key agents are delaying their traditional mid-year holiday by [...]
BY Mal James 5th June 2010
At 6pm Saturday the James Million-Dollar-Plus Clearance Rate on the 35 auctions we attended was 51%. Our Demand Indicator, Bidderman, was up at 1.7 – still hanging in there.
PRICE CORRECTION
There is no doubt the market has eased, “corrected” – call it what you like. One easy word to understand is “dropped”. On a few properties it [...]
BY James Buyer Advocates 5th June 2010
Today was a watershed day for the Boroondara market – a day when the market could no longer gorge the incredible amount it has been gorging (for the last six months). Today was a real (excuse me, while I burp) I just can’t fit in anymore kind of day. Today the Boroondara market which has been [...]
BY James Buyer Advocates 29th May 2010
In contrast to last week, we saw all 9 properties we covered over $1,000,000 today, sell. Three sold before auction, 3 sold under the hammer and 3 were bought after. That’s a 100% clearance rate and Bidderman was back up to two.
Five of the nine properties had two or more bidders. Richard Jellis of Jellis Craig [...]
BY Mal James 15th May 2010
1) Its 6.00 pm on Saturday and the James Clearance Rate for the 32 auctions we attended was 47%. May of course rise overnight as more results are reported.
2) Bidderman – now at 1.5 and falling. Significant change from a month ago.
3) This weekend is the weakest of the Big 5 auction weekends in May as far [...]
BY Mal James 1st May 2010
Boroondara was solid again and although Bidderman is not at the stellar 3 of a month or so ago – at 2.3 bidders per auction in Boroondara – it is still strong. There was only one sale around the $3m mark this week; so its hard to say the TOP END market is better than [...]
BY Mal James 1st May 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a solid 75 per cent on good stock numbers.
The “frenzy” feel has left the highest of the higher end market for now as the new age businessman and establishment money, who determine the Toorak market, reconsider after
(1) looking at [...]
