oc | Sunday 15th December

Market News » malvern


Is anybody home?

Is anybody home?
Key Points: What little action there is – is for the most part away from auctions (expected and traditional for this time of the year) Toorak 252 Walsh – Jeremy Fox – off market around $8,000,000 Toorak 320A Walsh – Peter Kudelka – quiet sale just under $2,900,000 Toorak Ross St  – Andrew Sahar also of Kay and [...]
Like previous weeks, not much happening in Stonnington

Like previous weeks, not much happening in Stonnington

Are we in for some Super Saturdays at the end of this month? Justin Long, Marshall White (Armadale): “There are traditionally 4 or 5 very solid auction weekends in May, but with Easter falling so late in the piece, the first 2 weekends have not found favour with vendors. As a result, the 21st and in [...]
Nervous Bidders are losing the plot – and costing themselves a lot of money.

Nervous Bidders are losing the plot – and costing themselves a lot of money.

At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
Uncertain times and new $3m+ stock not as strong as May last year

Uncertain times and new $3m+ stock not as strong as May last year

Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends. Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
Buyers sit on the fence, hands in pockets.

Buyers sit on the fence, hands in pockets.

At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End. Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
Very little to get excited about this weekend

Very little to get excited about this weekend

With not much on offer this weekend, only one over $3m ( Steve Abbott – 68 Hopetoun Rd, Toorak) and minimum quality at the lower end, my thoughts turned to family, holidays and the Pies. Winter will be a time of continuing opportunity, but as buyers we will have to work hard to find them. [...]
Market Mojo returns – but is it a One Day Wonder?

Market Mojo returns – but is it a One Day Wonder?

At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month. Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

Key Points: A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought. Although there was a lot on offer – it was a mixed bag quality wise. If there is such a thing the good home clearance rate index would have shown a better result than the [...]
It was struggle street out there today (for many sellers).

It was struggle street out there today (for many sellers).

At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Key Points: Toorak 17 Lansell with Lisa Jarrett of Abercrombys sold mid week after being on the market since late last year Toorak 16 Cole St with Nicole Gleeson of Kay and Burton sold mid week after being on the market since late last year Agent Q & A: Has the market changed since before Labour Day weekend? Lachlan Fraser-Smith, [...]
At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

Key Points: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically. Nobody bid at the 19 Kingston St Malvern East auction (Iain Carmichael) at $4,250,000 but 2 bidders emerged post auction and fought it out afterwards to a price well in excess of the reserve and well in [...]
Where the big action was this weekend – 7 sales over $3m this week – 70% Clearance Rate.

Where the big action was this weekend – 7 sales over $3m this week – 70% Clearance Rate.

Key Points: It’s all about the bigger deals this week: Malvern 19 Hamilton – Justin Long – At Auction – $4,357,000 Malvern 66 Claremont – Iain Carmichael – At Auction – $3,700,000 Toorak 9 Ross – Justin Long – Auction – over $3,600,000 Toorak – 3 Teringa – Andrew(s) McCann and Macmillan of Benmac – post last weeks auction [...]
Stock Surge Dilutes Bidder Numbers

Stock Surge Dilutes Bidder Numbers

At 6pm on Saturday the James $M+ Clearance Rate on the 32 auctions we covered dipped to 59%. For the second week in a row there were around 150 new $M+ listings in our main coverage area of Bayside and the Inner East. Buyers have firmly said to sellers – “if it ain’t priced right [...]

Inside James Market News