oc | Monday 20th January

Market News » Land


Bayside Weekly

Bayside Weekly
In Bayside, in certain pockets, things are happening. North Brighton is moving and it’s making sense. 11 Foote Brighton – Trudy Biggin – 750 sqm of land in North Brighton near the beach sold this week, for $2,200,000 or around $3,000 per sqm metre. Coincidentally the same price as was paid 2 years ago. [...]
Maybe now is the time to see the glass half full, rather than half empty.

Maybe now is the time to see the glass half full, rather than half empty.

At 6pm on Saturday, the James $M+ Clearance Rate was 61% across the 31 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. While those figures did not represent a noticeable improvement in the stats, we think the market has shifted to a positive note in the last fortnight as you will see [...]
Boroondara Weekly

Boroondara Weekly

As we move well into spring, the large train that is the Melbourne property market is slowly starting to move. Of the six auctions we attended this weekend, five sold and Bidderman was a healthy ‘2’. Boroondara is seeing good numbers of people out looking  – and there are some good properties to look at. While auction numbers [...]
To some “Bank Vals” are important, to others not so!

To some “Bank Vals” are important, to others not so!

Upper end home values in general and Bayside in particular are being “raked over the coals” by the banks at the moment – not to put too fine a point on things. Directives implied or specific have come from the banking bosses that the Top End, an in particular Bayside, is a little “fruity” for now [...]
$3m+ off life support. $5m+ looking still looking unwell.

$3m+ off life support. $5m+ looking still looking unwell.

Week Ending September 15th: This Weekend with only 3 from 7 over $3m reported as selling before 6.00pm, we feel this shows the market is continuing to struggle on more offerings than not at the Top End. 9 Scotsburn Toorak (Justin Long) with 5 bidders fighting it out to $4,220,000 is a good case study. The result [...]
Bayside Weekly

Bayside Weekly

Bayside Valuations Bayside upper end home values are being “worked over the coals” by the banks at the moment – not to put too fine a point on things. This can be a positive and sensible thing for banks to do in light of the information they have. They actually are acting prudently (which is good for [...]
Boroondara Weekly

Boroondara Weekly

After an OK beginning to the Spring market that matched the OK weather, results this weekend were not too bad.
Port Phillip Weekly

Port Phillip Weekly

We’re seeing something of a mini burst of activity in Port Phillip, with 12 auctions this weekend and sixteen next week – all over the $1 million mark. These are solid properties without being spectacular and are mostly in the range of $1m to $1.3m. After that, the market takes a breather as the Grand Final [...]
Stonnington Weekly

Stonnington Weekly

$2 million Stonnington townhouses With last week’s Huntingtower Road Armadale being famous for its Up bid, it was easy to gloss over the fact that 5 bidders wanted a single level downsizer’s home – even though the eventual buyer was a younger couple. Today at 2/2 Somers Avenue Malvern (Kevin O’Brien of Jellis [...]
Sold Under the Hammer. No its not, even when you think it is.

Sold Under the Hammer. No its not, even when you think it is.

It’s on the market at $1,550,000, it’s sold under the hammer at auction for $1,990,000. Only it is not. Three times this year we have bought properties for LESS than what the home either cost, was sold under the hammer or was passed-in at auction. Hawthorn East: In the first instance we bought a home in Hawthorn [...]
Port Phillip Weekly

Port Phillip Weekly

Of the four auctions I attended in Port Phillip, only one sold under the hammer: 108a Addison Street Elwood. This was a cracker auction, with four bidders all going hell for leather trying to bluff the other bidders out of the process with strong bids. Well done to Matthew Morley of Morley Real Estate for [...]
Bayside Weekly

Bayside Weekly

This week we saw an increase in our enquiry levels and as the week progressed, we also noticed an increase in mid-week transaction levels. This was after weeks of solid crowd numbers at auctions. Of particular note was the fact that three properties were sold in as many days by the Buxton group (see our Market [...]
Boroondara Weekly

Boroondara Weekly

First day of spring and, although the pickings were a little slim out there, we did see some spirited bidding at many auctions and the sentiment overall seemed positive. Of the eight auctions we attended, six sold, and two passed in. Of the four auctions I attended, all four sold. It must be said though that, [...]
Bayside Weekly

Bayside Weekly

This week I was made aware of more off-markets than new ones coming up.  It seems that some vendors are happy to sell at their price (often before they buy another) and without risking the effort of a public campaign. One off-market family home is in the Castlefield Estate – Steve Wigley (Hodges) There continues to [...]
Boroondara Weekly

Boroondara Weekly

On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim. This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]

Inside James Market News