oc | Sunday 15th December

Market News » malvern


Are Vendors Getting Ahead of Themselves? South Yarra and Toorak were almost bidder free today.

Are Vendors Getting Ahead of Themselves? South Yarra and Toorak were almost bidder free today.
Of the 11 Stonnington auctions we attended today, four properties sold under the hammer, one before with the balance passed in (one of those six has since been reported as sold). Of the pass ins, five were passed in with no bids (apart from a vendor bid). So are vendors getting ahead of themselves? Let’s first look at what [...]
$2m+ is leveling quickly as buyers become more discerning on price; but $1m+ remains full steam ahead on almost anything!

$2m+ is leveling quickly as buyers become more discerning on price; but $1m+ remains full steam ahead on almost anything!

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a solid  75 per cent on good stock numbers. The “frenzy” feel has left the highest of the higher end market for now as the new age businessman and establishment money, who determine the Toorak market, reconsider after (1)    looking at [...]
A Quiet Auction Day in Stonnington

A Quiet Auction Day in Stonnington

Not many highlights today as the supply of quality properties was limited and buyers may be waiting for  the promised stronger offerings in May. At the upper end, results were mixed, with an attractive Gillespie townhouse on Walsh Street passing in at $4,820,000 after a vendor bid of $4,800,000 in front of a quiet crowd. Another [...]
The story was not today – it was as expected. The $M+ story was in the last few  weeks since the pre Easter Super Saturday. At least 170 homes have been bought over $1m in Melbourne. Some examples: Balwyn (5); Brighton (7); Caulfield (11); Docklands (3); Eaglemont, Elsternwick and Elwood (4 each); Hawthorn East (5); Malvern (5); McKinnon (3); Melbourne (5) and how about Mounts Eliza and Martha (6 between them); Surrey Hills (4) and Williamstown (4). This is Melbourne’s Market Mood right now.

The story was not today – it was as expected. The $M+ story was in the last few weeks since the pre Easter Super Saturday. At least 170 homes have been bought over $1m in Melbourne. Some examples: Balwyn (5); Brighton (7); Caulfield (11); Docklands (3); Eaglemont, Elsternwick and Elwood (4 each); Hawthorn East (5); Malvern (5); McKinnon (3); Melbourne (5) and how about Mounts Eliza and Martha (6 between them); Surrey Hills (4) and Williamstown (4). This is Melbourne’s Market Mood right now.

Glen Eira – Continues Moving on Up

Glen Eira – Continues Moving on Up

Unless you have been in a cave you would know that property prices in Glen Eira have been increasing for some time now. However in the past two weeks, after the Easter break,  million dollar prices have been common as common as Bagels in Glenhuntly Road; as common as Gary Peer signs on Bambra Road [...]
Only thing dropping in Stonnington is the Toorak median price statistic – but we haven’t seen too many prices dropping though. Confusing!

Only thing dropping in Stonnington is the Toorak median price statistic – but we haven’t seen too many prices dropping though. Confusing!

I remember when I was at university, one of my text books was “ How to Lie with Statistics”. Well if you read this morning’s press you will have seen that house prices in Toorak were reported  to have dropped by just over 7% in the first quarter of this year. However, it’s hard to [...]
Is Help On the Way? We hope so, but don’t think it’s coming in a hurry!

Is Help On the Way? We hope so, but don’t think it’s coming in a hurry!

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 38 Auctions we attended today was 74%; basically no change on the 77% ( pre Easter Super Saturday -March 27). Bidderman was down from to 3 to 2.3 bidders per auction but that is still very strong all things considered (stock quality and Easter holidays). Market Mood Today was [...]
Stonnington Wrap – A week is a long time in Real Estate

Stonnington Wrap – A week is a long time in Real Estate

The doom-sayers will be quiet for a while after some very good results in the area this week. Of the 10 auctions we attended this Saturday, 8 sold under the hammer while 2 were passed in. The outstanding results were 16 Mercer Rd Armadale ( where some additional capital will be required to renovate) which saw [...]
In the words of Oscar Wilde any talk of the market’s death was greatly exaggerated. Wow what an incredibly powerful market day for $million+ homes and this was local not overseas buying strength.

In the words of Oscar Wilde any talk of the market’s death was greatly exaggerated. Wow what an incredibly powerful market day for $million+ homes and this was local not overseas buying strength.

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 39 Auctions we attended today was 77 per cent and we have no late REIV results so could be higher. Bidderman was well up at 3 bidders per auction and any talk from us of the last two weeks looking a bit soft has been well and [...]
Slower in South Yarra and Toorak

Slower in South Yarra and Toorak

If the vendor and/or the vendor’s agent get a touch  aggressive concerning the price of a property in this market, the property is more likely to be passed in – and the only way to sell it is to meet the market. Andrew McCann of Ben Mac stills believes there is plenty of demand out [...]
Stock Quality was down. Significant drop in Bidderman and Clearance Rates at Today’s $m+ Auctions. A hiccup or the start of a rebalancing? It’s only one day so stay tuned!

Stock Quality was down. Significant drop in Bidderman and Clearance Rates at Today’s $m+ Auctions. A hiccup or the start of a rebalancing? It’s only one day so stay tuned!

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate from the 31 Auctions we attended today was 61 per cent. Wow that was a bit of a surprise! Please note we thought the quality of the homes on offer was not as high as the last two weeks in February or the upcoming March 27th auction [...]
Mixed in Toorak and South Yarra

Mixed in Toorak and South Yarra

Not a whole lot on offer today and certainly minimal quality for the most part. Something old, something new. What sells? Well this week it was something old. Two good old sales were: 140 Kooyong Road with Iain Carmichael of Bennison Mackinnon (James Rating 691/1000) which sold for a bullish $4.04 million after being on the [...]
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Contact Us

James Buyer Advocates James Buyer Advocates welcomes your comments and questions. For any enquiry, please contact us by phone or email. Our contact details are provided below. Telephone: 03 9804 3133  (international +61 3 9804 3133) Email: enquiry@james.net.au
Today we go on a tour of 50 of Melbourne’s $Million+ Auctions. In 2010, this is what is really happening in Melbourne!

Today we go on a tour of 50 of Melbourne’s $Million+ Auctions. In 2010, this is what is really happening in Melbourne!

It is 6pm and the James Million Dollar+ Clearance rate from the 47 Auctions we attended today was 83 per cent. This week, we are focusing purely on the market, as it is the first major quality offering since late 2009. Next week is Labour Day (no Market News) and then it’s only three weekends of [...]
Stonnington Still Shining

Stonnington Still Shining

When a relatively small townhouse on Clendon Rd (17B) sells for $190,000  more than it was sold for 9 months ago ($1.81million vs $1.62million) you can safely say that the market continues to be very strong. How Strong? Well, on this example, the annualized  increase is close to 15% and there were 3 bidders chasing [...]

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