oc | Sunday 15th December

Market News » malvern east


Hamish Tostevin of Marshall White Boroondara

Hamish Tostevin of Marshall White Boroondara
EXECUTIVE SUMMARY Nothing fazes Hamish (well, he doesn’t show it). We’ve never seen him lose his cool under pressure. If you need to know something in his specific Boroondara area, then ring Hamish, as he almost always knows the answer. A conservative buyer quoter of homes and a big seller, Hamish is pleasant, friendly [...]
There is a sense of a drop in buyer activity from February – it could be stock quality, it could be the wave.

There is a sense of a drop in buyer activity from February – it could be stock quality, it could be the wave.

At 5pm, the $1 million-plus James Clearance Rate is 35% on the 17 auctions we attended. We had a sense at auctions today that March was looking weaker at $1 million-plus levels than February – but maybe it was the wind and rain. Time will tell. 2009 could be turning out to be the [...]
Yes, finally it’s over, a marathon. After almost an hour of bidding and in front of a crowd of over 200, James Tostevin auctioned 13 Woodlands Ave Camberwell. In the end bought very strongly for $2,552,500 after being on the market at $1,850,000

Yes, finally it’s over, a marathon. After almost an hour of bidding and in front of a crowd of over 200, James Tostevin auctioned 13 Woodlands Ave Camberwell. In the end bought very strongly for $2,552,500 after being on the market at $1,850,000

At 5pm on Saturday, the clearance rate of the 21 auctions we previewed was 58% and sure to go up overnight. Sounds ominous – sorry. The James Tostevin auction featured above was 13 Woodlands Avenue Camberwell. We knew this was going to be huge – the James Q rating was 778 (great [...]
2009 $Million Market 1st Big Test – What is Happening? Big Numbers at Auctions

2009 $Million Market 1st Big Test – What is Happening? Big Numbers at Auctions

On Saturday at 5pm, we have a James clearance rate of 47% on the 19 auctions we attended – by Sunday this has moved to a very strong 79% (our highest in 2 years). On first blush, it doesn’t necessarily say the market is moving ahead positively (for sellers) but, in fairness, [...]
Auction attended this week

Auction attended this week

10 Murchison Street St Kilda East. I rated the home at 598/1000. About 30 people attended the auction on Sunday afternoon in a leafy St Kilda East location. The renovated Californian bungalow, sitting proudly on the street, attracted four bidders (multiple bidders a bit of a rarity [...]
Auctions this weekend

Auctions this weekend

16 Moss Street Prahran. Position AAA+++ in Melbourne real estate and a most fascinating auction. Marshall White’s John Manton began the campaign quoting $1.6m and auctioneer John Bongiorno opened the bidding with a vendor bid of $1.7m. Spirited bidding by two parties was strong with $50,000 bids, down [...]
Buy one or two?

Buy one or two?

A lot of clients ask for advice on spreading their portfolio; not unlike the concept of spreading your investments in the share market to protect you from highs and lows of stock market performance. In our experience, property, when bought well, works a little differently. This is how I [...]
What is driving the market?

What is driving the market?

Market News To say the market is experiencing incredibly growth in capital values is an understatement. Last year we reported values increasing by as much as 30% despite what the stats people were saying and there are ever greater increases this year. These large increases as per most of the rest [...]
Market News March 2006

Market News March 2006

Overall the market for good quality family homes is currently in a spike – this spike is similar to the “good quality home” spike just after the last federal election. By spike we mean sale or purchase results well above the existing upward trend line. Balance this with our opinion that the outer [...]

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