oc | Sunday 26th January

Market News » million dollars


Young buyers – here is a guaranteed million dollars – no charge.

Young buyers – here is a guaranteed million dollars – no charge.
The Age. Weekly Review, James Buyer Advocates Young Homebuyer series is designed to take homebuyers through the entire homebuying process from the inside. The article series has become the biggest read online series of its type. It has been been published throughout Australia and internationally. It continues on from James Home Ratings – an industry standard in [...]
Port Phillip Weekly

Port Phillip Weekly

After the hype of ‘Super Saturday’, stock supply returned this weekend to the kind of levels we have been seeing over the last 18 months, and the James Clearance Rate of 50% for Port Phillip was not what agents would have hoped for. On reflection, Super Saturday was real estate’s equivalent of the Melbourne Cup, [...]
Port Phillip Weekly

Port Phillip Weekly

This weekend, the clearance rate for the eight properties up for auction in Port Phillip over one million dollars was 83% – solid. Amongst the most interesting auctions this weekend was a basic knock-downable Victorian(STCA) at 48 Kerferd Road Albert Park, sold by John Holdsworth of Greg Hocking Real Estate for $1,205,000, or a respectable $5,355 [...]
Port Phillip

Port Phillip

With such limited stock up for auction in Port Phillip this week and what there was, not actually selling – I have listed some of the more interesting properties that are currently up for private sale. All these properties have previously failed to sell at auction and are either still with the [...]
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 [...]
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 [...]
It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts. The Question: After [...]
The Block broke all the rules in the book

The Block broke all the rules in the book

The Block was great entertainment – but for me it was also the best reality TV show in a decade because it showed the harsh reality of what happens when you break all the rules in the property investment book. I took the opportunity to go through each property a few weeks before the auctions and [...]
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 [...]
10 from 10 on the auctions we covered

10 from 10 on the auctions we covered

We mainly focus on the better quality homes, however 10 from 10 was still a surprise. This stat varies dramatically from our overall monitored auctions stat of just over 50% – similar to last week. It was a Super Saturday in Boroondara with over 50 auctions at $M+ and over 30 sales reported as being [...]
Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

Key Points: Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
Brighton’s $3m+ market moves out of the doldrums – for this week anyway. Longer term the jury is still out!

Brighton’s $3m+ market moves out of the doldrums – for this week anyway. Longer term the jury is still out!

August has seen a bit more noise in the $3m+ market and deals are seemingly back on the agenda at this price level. In Ivanhoe two bidders fought it out for over a million dollars to get to the $4,300,000 result, as the above picture states  – a full $800,000 over a fair and reasonable reserve. [...]
Risk v Reward

Risk v Reward

In much of our homebuying discussion, we often mention the supposed opposing forces of Risk v Reward. We mention them because a lot of homebuyers don’t act with any level of risk v reward consciousness in the homebuying process – in other words, they often make decisions without considering that, for every [...]
Risk v Reward

Risk v Reward

Risk v Reward In much of our homebuying discussion, we often mention the supposed opposing forces of Risk v Reward. We mention them because a lot of homebuyers don’t act with any level of risk v reward consciousness in the homebuying process – in other words, they often make decisions without considering that, for every action, there [...]
Learning Fees

Learning Fees

As we are now firmly into a new market, we thought it time to have a stab at one of the most perplexing concepts confronting inexperienced buyers in high-end real estate  – the “Learning Fee”. The “Learning” Fee is the amount you as a Do-It-Yourself buyer can end up paying extra for the home you buy, [...]

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