oc | Sunday 8th December

Market News » Land


Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Boroondara Weekly

Boroondara Weekly

There is a good feel to the market right now. Buyers are positive and vendors also seem to be on board and prepared to meet the market. Along with this, the media is mainly positive about the market, which always helps. I must say some properties that I felt would struggle (e.g. those with compromised [...]
Bayside Weekly

Bayside Weekly

Bay View This week, buyers and sellers alike have been eager to see whether the market would back up last week’s clearance rates. Nine fewer homes were up for auction this weekend, but that’s still 20 auctions over $1,000,000. Some of these were bigger properties that have been on the market for over 12 months – [...]
Stonnington Weekly

Stonnington Weekly

Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate.  This weekend we went even better with a strong 85% clearance rate overall. Of the 8 auctions we covered,  2 were bought before, 2 had no bidders and [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
Bayside Weekly

Bayside Weekly

Bay View The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation. According to Campbell Cooney (Hodges), there is pent-up demand [...]
Boroondara Weekly

Boroondara Weekly

After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
Northern Weekly

Northern Weekly

Two top homes I looked at two sensational properties last week in Princes Hill (Carlton North). The first was 29 Wilson Street, a property managed by Glenn Bartlett of Woodards Real Estate, and which is up for auction on March 2 at 1.00pm. Built in 1897, Avely is on 830 sqm of land (huge land for the [...]
The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
Stonnington Weekly

Stonnington Weekly

This year seems to have started where it left off – with a sense of buyers wanting to transact. Stonnington Snapshot Last year we did almost a third of our business for the year in the last 6 weeks of the year. In fact, we worked on deals till Christmas. Of particular interest were a [...]
Bayside Weekly

Bayside Weekly

Bay View Welcome to the first Bayside market wrap for 2013. From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
Boroondara Weekly

Boroondara Weekly

Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee. Last [...]
Northern Weekly

Northern Weekly

Two top homes I looked at two sensational properties last week in Princes Hill (Carlton North). The first was 29 Wilson Street, a property managed by Glenn Bartlett of Woodards Real Estate, and which is up for auction on March 2 at 1.00pm. Built in 1897, Avely is on 830 sqm of land (huge land for the [...]
Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Season Opener: February 16 – a quiet start to the year, but there are a couple of big weeks around the corner

Hey, isn’t it good to be back in amongst it in 2013! So far the anecdotal evidence is indicating the market is starting with a bit of a bang. Enquiry is up, the number of buyers through most opens is up, agents’ mood is up (compared to this time last year) and some of the [...]
Bayside Weekly

Bayside Weekly

This week in Bayside there was action in terms of sales, although open numbers still seemed mediocre. Crowd numbers at auctions today were average, but bidder numbers seemed consistently stronger – in particular at land value auction sales: 37 Margarita St Hampton (Frank Hellier) had 5 bidders 101 Dendy St Brighton (Halli Moore and David Hart) had [...]

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