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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 [...]
This market now is very different from 4 months ago

This market now is very different from 4 months ago

Today we are reporting on 7 auctions on which we either bid, managed the sale, or had some interest in the result, as the final precursor to our 3-week 100 Auction test starting next week. It’s a random selection on a small sample in an incredibly low market (stock wise). Statistically, we would not trust the figures [...]
Auction Market back from Winter

Auction Market back from Winter

Well, did you have a good break – we did, thanks for asking! First big stats and market reads will come at the end of this month, when we begin the Spring 100 Auction Test. Today is a Marketnews Lite – no D&M’s, no stats – just easing ourselves into Spring and looking forward to it. Auction [...]
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 Feb Pep

The Feb Pep

Last week we focussed on buying (and thank you for the emails and texts). This week our Market News’s main focus is buy/sell management (the fastest growing real estate market segment). Welcome to the early start of Inner Melbourne Top End 2019 auction markets. We are witnessing the initial rumblings, ahead of the market’s first decent hit-out, which is next Saturday – [...]
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%) [...]
WipeOut

WipeOut

At 6.00pm the James Clearance rate for $M+ Inner Melbourne family homes was 31% on the 35 Auctions we covered today. This was the poorest recorded clearance rate on record (ever). James Bidderman that is, bidders per auction, was 0.7 – a very negative stat for the start of the Spring market. This was the equal poorest recorded Bidderman on record (ever). Last week we stated the market seemed a little [...]
First signs of life

First signs of life

  Today was the clearest spring buying and selling lessons any us, be we buyer or seller or both, will get before Christmas. With the auction machine still cranking up its engine, we covered a few spring early bird auctions today – eight Top End auctions in total – summary in the Volcanoes and Ducks graphic above – [...]
9 Buyers near 9 Million in Glen Iris – Hello Dolly!

9 Buyers near 9 Million in Glen Iris – Hello Dolly!

At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered. Bidderman was up a skerrick to 1.6 bidders per auction [...]
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 [...]

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