oc | Thursday 12th December

Market News » marshall white


Bayside Weekly

Bayside Weekly
This week I was made aware of more off-markets than new ones coming up.  It seems that some vendors are happy to sell at their price (often before they buy another) and without risking the effort of a public campaign. One off-market family home is in the Castlefield Estate – Steve Wigley (Hodges) There continues to [...]
The Double H Price Disease – History & Hope

The Double H Price Disease – History & Hope

At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
Bayside Weekly

Bayside Weekly

This week our discussions were about uncertainty and how it can affect buyer decisions. At the moment there is uncertainty about the new stock levels coming on to the market (we’re hoping for more choice in Spring), there is increasing uncertainty regarding banks’ preparedness to lend (see our Market Insight article); and there may also be [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable weekend in Boroondara, with a 71% clearance rate. This is not too bad when you consider our Melbourne $1m plus overall clearance rate was 50%. Of the 12 auctions we attended, 6 sold on the day and a further 2 sold before. The Tostevin brothers (and their team) at Marshall White would [...]
Port Phillip Weekly

Port Phillip Weekly

The two key properties of the 8 $million plus properties up for auction this weekend in Port Phillip were: 18 Faussett Street, Albert Park, which we had rated well at 673. This Hocking Stuart property, managed by Michael Coen, was a goodie, having been recently renovated to a high standard, with off-street car parking and only [...]
The Banks are starting to pull the market strings!

The Banks are starting to pull the market strings!

At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.  Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
Boroondara Weekly

Boroondara Weekly

There were more auctions in Boroondara this weekend compared to last weekend (29 versus 21), yet the clearance rate fell away significantly (86% versus 58%). Perhaps this is due to more higher-end properties being auctioned. There were some ‘big’ pass-ins, namely at 14 Molesworth Street Kew, 44 Chrystobel Crescent Hawthorn and 13 Raven Street Kew [...]
Port Phillip Weekly

Port Phillip Weekly

Of the eight properties that were up for sale for over $1 million this weekend in Port Phillip, the hammer rate was 25% at 6pm Saturday 11th August. One of the properties that sold was a rare vacant block of land, measuring 391 sq metres in Albert Park at 17 Hambleton Street. It was auctioned by [...]
Stonnington Weekly

Stonnington Weekly

This week I was asked how are we experiencing the market “out there”? There has been a dearth of family homes on offer in Stonnington and there does not seem to be much new stock coming on. Prospective buyers are there and while some are feeling impatient, most are still prepared to wait for a property [...]
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
Catch a falling star

Catch a falling star

At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended. The Weekly Review Bidderman was 1.4 bidders per auction. Market Summary The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, auctions have slowed to a drizzle this month and agents have been a little glum as they batten down the hatches until stock levels improve in Spring. John Holdsworth of Greg Hocking Real Estate has indicated there will be an improvement in stock levels come September, however he also feels numbers will [...]
Brushing off the winter cobwebs (sort of)

Brushing off the winter cobwebs (sort of)

At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended. The Weekly Review Bidderman – 1.8 bidders per auction. Market Summary Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
Bayside Weekly

Bayside Weekly

Mid Year Bayside Report The Top of the Top End market right now in Bayside is on life support, as it is barely breathing. This year I can think of only one sale over $5m in Bayside, and that was Marshall White’s $7.77 million sale on Brighton’s Golden Mile last month. Compare this to Stonnington and [...]
Boroondara Weekly

Boroondara Weekly

Saturday was a reasonable auction day in Boroondara, with the million-dollar-plus market bouncing back with a clearance rate overall of 71% and Bidderman at 1.5  – compared to last week at 45% and 1.4 respectively. I couldn’t say however that there were any runaway prices here. The result was mainly due to vendor adjustment to the [...]

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