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The Top of the Top End has begun with a Volcano Vapour Trail

The Top of the Top End has begun with a Volcano Vapour Trail
Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating. 4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]
Apartments

Apartments

This week, we have focused on townhouses, as most buyers consider both simultaneously  – at least at the beginning of their search. Making a decision to move to an apartment or a townhouse? Are you asking the right questions? By John Hazen After living in a house on a suburban block for most of their lives [...]
The Top End of Town – November 2014

The Top End of Town – November 2014

Week Ending November 22 The Very Top End of Town in 2014 Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER. In the last month we have purchased 13 [...]
October Top End Market

October Top End Market

Week Ending Saturday, October 25 James Buyer Advocates are busy: Number of auction homes involved in buying this week was well into double figures. Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

Week Ending Saturday, September 13: Market Summary The Market is splitting as it normally does when adjusting to the Spring Influx of properties. This week the market has sent buyers and sellers two very clear messages. If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m  range, then you have [...]
Inner City and Northern weekly

Inner City and Northern weekly

Has Spring Arrived Early? It felt hot out there today and indeed we felt the build-up during the last week or so. Today we bought 2 at competitive auctions (low $1m’s and low $3m’s) bought at Off-market circa $4m, missed at one of the longest bidding auctions I’ve been to (at the mid $2m’s) and during the [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
Auctions quieten down over winter – it will now be about off-markets and private sales

Auctions quieten down over winter – it will now be about off-markets and private sales

Week Ending Saturday, June 21 As we head into the winter break, it’s worth reflecting on how the market has performed so far this year. What we saw this weekend was a continuation of an extraordinarily up and down year.  We’ve had a slew of Super Saturdays, weekends when it looked like the market had gone [...]
May ends on another Super Saturday

May ends on another Super Saturday

Week Ending, Saturday, May 31 A String of Super Saturdays In the last 18 months or so, there has been continuous growth in the market, with steady demand and supply levels. Today was the second Super Saturday in seven days, with 176 auctions above the $1 million mark, after last weeks 145 or so.  That comes after a [...]
Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow! If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
Market Continues to Alter its Trajectory

Market Continues to Alter its Trajectory

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 68% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2 Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 23% Lone Rangers ($M+ auctions with one bidder) 17% Norms ($M+ auctions with 2 [...]
Second Super Saturday in seven days and the upper auction market burps

Second Super Saturday in seven days and the upper auction market burps

At 6.00 pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 45  auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Market Summary On the face of it that was a big drop from last weekend’s “red zone” numbers. We agree – but it should be noted that our [...]
2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!

At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
The Auction Pre-Season has Started!

The Auction Pre-Season has Started!

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 73% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.8. It’s good to be back and around the auction scene again. The highlight this weekend was that half  the auctions we covered had three [...]
$3m+ market is tracking along well

$3m+ market is tracking along well

Week Ending Saturday, October 26 – Super Saturday! It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything. Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day [...]

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