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Market News » malvern east


National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.

National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.
Opinion This is a response to Kristin Stegley’s (The Age Sep 17th) and the Age editor’s (Sep 3rd) articles. I respect their positions and I respect the opinions expressed. However, I do not support The National Trust and Melbourne Metro Council’s heritage protection orders going onto on individual homes if the owner is in disagreement. Background What is [...]
Market Force or Market Fraud

Market Force or Market Fraud

Start of the 3-week, 100 Auction Test – Spring We reported on 29 auctions today in our start of the Spring 3-week Auction Test. By September 14th, we will have covered 100 randomly selected high-end auctions in Boroondara, Stonnington and Bayside. This sample size has proven to be sufficient to be conclusive; to reflect the trends [...]
What are we certain about this Winter?

What are we certain about this Winter?

May 2019 Market Summary – brighter outlook on very low stock levels Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1). Three simple things have come out of the coverage. One: Everybody expected bad – that’s why there were so few auctions. [...]
Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.  We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
The lesson(s) of 2018

The lesson(s) of 2018

9 am \ Surrey Hills Day started with a visit to an off-market home in Surrey Hills. This home has been for sale for over a year. Why? Price. To be an A-grade property you need to have all three Ps – good Property (building), good Position (land) at a good Price (market). This home had two out of three. In [...]
Is this the real Inner Melbourne market right now?

Is this the real Inner Melbourne market right now?

Below are three homes we visited for clients, but didn’t bid on. We chose them in advance to cover at auction this weekend, from about 50 we had rated. One in each area, one with each key agency, and all in the circa $3 million range. We thought it could be a little taster until next week’s continuing 100 Auction [...]
Big picture bleak, closer examination brighter!

Big picture bleak, closer examination brighter!

Its 6pm Saturday, week one of our fourth and final 2018, 3-week 100 Auction, Inner Melbourne Family Home, Market Temperature Test. Try saying that a few times! The results above and supporting data below are self-explanatory. Yes? No? Maybe? Have you been to an auction, EOI or off-market lately – is it a bit hit and miss? Not really. In fact, we [...]
It’s official, we have a new No. 1!

It’s official, we have a new No. 1!

At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8). Last week our heading was Wipeout – it was a shocking day on the streets (31%) –  today (66%) the results are a bounce back to the previous week (61%) [...]
Cash is Why

Cash is Why

It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test. It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
Is now a good time? 6% bought under the hammer today!

Is now a good time? 6% bought under the hammer today!

A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which  sold for $2,750,000, John Morrisby. Contents: 1. Under the Hammer 2. Is Now a Good Time? 3. Dr. Good Strategy 4. Around the Grounds – Auction Reports 5. Market Fresh – one-liners on 25 Top [...]
Values versus Pricing at the Highest End

Values versus Pricing at the Highest End

Week One: Value is not a number, it is a feeling. Price has no emotion, no conjecture, it’s factual. Price is not value and value is not price. I buy a number of family homes for people –  perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
All the signs point to a solid opening season

All the signs point to a solid opening season

There seems little doubt the market has started a lot better than it finished last year. However, all is still conjecture until the market has spoken over our 3 week James 100 Auction Market Test which will be conducted on Feb 24, March 3, skip long weekend and then March 17th. Pre Christmas, the market was as flat as [...]
Scotch College’s buying tactics – Dustin Martin and Ralph Carr

Scotch College’s buying tactics – Dustin Martin and Ralph Carr

End of Year Bumper Edition Contents: Yesterday’s Rout 2017 Year in Review Younger People’s compassion and tax problem Around the Grounds Scotch College’s curious auction strategy Emotion v $ when deciding on a home Transparency The “Reserve” malaise widens Ralph Carr and Dustin Martin Thank you’s 2017 – Top 5 Reads at James Market News Next Edition It’s never as good as it seems and it’s never as bad as it [...]
The Market continues to fragment – a clear sign of easing

The Market continues to fragment – a clear sign of easing

At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results: Family Home Clearance Rate of  72% on the 32 Inner Melbourne $M+ auctions we covered. Combined with James Bidderman (bidders per auction) @ 1.8 on increasing auction stock numbers. The Clearance Rates are now matching Bidderman – they are easing and have been doing so since winter. The stats are becoming consistent – a trend – the beginning [...]
More chance of a rise than a fall ……………

More chance of a rise than a fall ……………

It was a quiet-ish day today on market – off market is a different story – the auction biggies for May starting in numbers the week after next. At that time we will be focusing on James Bidderman (for any movement in demand) and any drop off from overseas buyers. Has all the talk of late begun to bite? This [...]

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