oc | Monday 9th December

Market News » Land


The James Money Bin Competition.

The James Money Bin Competition.
The James Money Bin Competition This year we are looking at trying to help the younger members of the community, make good decisions about buying homes and we want to hear what they have to say. you own property, own the home We have five opportunities to give away $1,000 through out the next few months. The aim of the [...]
Auctions still 2 weeks away – but off markets are happening now!

Auctions still 2 weeks away – but off markets are happening now!

JAMES AUCTION REPORT: 29 Rubens Grove, Canterbury – one of the very rare Top End auctions today. A big crowd of over 130 people gathered on both sides of this street today. Presiding was our Auctioneer Doug McLaughlin. His preamble described a 1920’s home on 1066 sqm in a family friendly street which has already seen most [...]
Welcome to 2017 – Back on the hustings today

Welcome to 2017 – Back on the hustings today

Clockwise visits today – no substitute for foot leather, listening, looking and listening again. 1st Slide Clockwise from top left: Malvern East:$2.5m?  – little cutie – no, not the agent John Manton – the house. Good crowds at the OFI. Hawthorn: $4m? Off -Market or Pre-Market? – good family home. Crowds – Only one! Armadale: $4m? Nice one – listening [...]
How to buy a Top End home well – it’s different!

How to buy a Top End home well – it’s different!

INTRODUCTION If I told you buying a home at the Top End is more about trust than money, would you believe me? Maybe, maybe not. Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End. Towers Road, Toorak (Marcus Chiminello) Bought 2016: James Home Rating 942/1000 Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]
It’s going to be a white (hot) Christmas

It’s going to be a white (hot) Christmas

Welcome to our 2016 Bumper Christmas Edition. In this, our last article for 2016 – the key to good sex, nothing about that American bloke and a segment on how to get $70,000 for free every year. Plenty of positives, but apologies we don’t seem to have any fake news! And to the Inner Melbourne Market. Wow, what a finish [...]
Struggling to see the sense in only considering land + build? Me too!

Struggling to see the sense in only considering land + build? Me too!

Big day today for auctions and, despite the fact that this year we are dealing in more properties away from auction than at auction – as a company we were involved in nine today – I’m zonked. We could not cover as wide a cross section of auctions (only 20) as it was all hands on [...]
Land to build without heritage overlays continues to soar – but really does it make sense? To me – yes, if you must have a new home and less capital growth, and no, if you are happy to spend $1 million less on a period home in need of a reno and better capital growth.

Land to build without heritage overlays continues to soar – but really does it make sense? To me – yes, if you must have a new home and less capital growth, and no, if you are happy to spend $1 million less on a period home in need of a reno and better capital growth.

Toorak land breaks the barrier of $10,000 per sqm and produces a 5 bidder $9,020,000 auction.  Let’s put that in perspective: Toorak land – yes, it is AAA – but WOW – is now similar in price to Brighton beachfront, Domain and Middle Park.  More perspective: 4 years ago Toorak land was around 60% of the per sqm rate of Brighton beachfront and Middle Park premium. The Big Boy (and Girl) is well and truly back on top.

Toorak land breaks the barrier of $10,000 per sqm and produces a 5 bidder $9,020,000 auction. Let’s put that in perspective: Toorak land – yes, it is AAA – but WOW – is now similar in price to Brighton beachfront, Domain and Middle Park. More perspective: 4 years ago Toorak land was around 60% of the per sqm rate of Brighton beachfront and Middle Park premium. The Big Boy (and Girl) is well and truly back on top.

The Market is not all about the Auction

The Market is not all about the Auction

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 74% on the 23 Auctions we covered today – solid. James Bidderman, that is bidders per auction, was 2.3 bidders per auction – also a solid number. Interesting to note the spread across the board, at the Top End, was fairly even between ducks/lone rangers, norms and [...]
What is really happening!

What is really happening!

Rock solid… Prices have flattened out over the past 12 months, which means buyers and sellers have a stable environment to transact at the moment. Tim Heavyside I reckon the market is patchy. There is a nervousness about it. A bit like the start of a marathon race. Buyers are lining up ready to go but are [...]
Downsizers New v Old – A clash of generations!

Downsizers New v Old – A clash of generations!

What is starting to interest us, is the real change in what young people are looking for. Young people are The New Downsizers – even before they’ve upsized. Young people are the new downsizers in expectations, in mortgage commitments – $2m or $3m mortgages for many, are neither desirable nor manageable. Many in the younger generation want to travel, [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
Our current market is drifting, rudderless because it has lost its engine driver – the runaway overseas Chinese market.

Our current market is drifting, rudderless because it has lost its engine driver – the runaway overseas Chinese market.

The results are healthy, but it feels like we are drifting.

The results are healthy, but it feels like we are drifting.

May 2016 is showing we are in a market of increasing uncertainty, albiet a healthy one. We are in a market that is no longer a blanket. It is now increasingly a crocheted rug; meaning although there are holes opening up, there is still strength in the product. The market has been flattening since mid Spring of last year. The [...]

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