oc | Friday 6th December

Market News » nelson alexander


Are we all feeling better now?

Are we all feeling better now?
At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing. In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep. Evidence – clearance rates are on the improve and the hammer rate (homes [...]
Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.  We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
The land was worth less with a nice home on it!

The land was worth less with a nice home on it!

James Market News Lite again. Talk of a quietening market, in a our opinion, is a little premature on what we saw today. Yes, clearance rates are down – but that is normal for this time of the year, as the real quality auction stock doesn’t come out in large numbers until either side of the [...]
Young Homebuyers Issues & Solutions

Young Homebuyers Issues & Solutions

年轻购房者的问题和解决方案 Young Homebuyers Issues & Solutions James 市场总结 James Market Summary * 在惯例的七月冬季,墨尔本房产市场拍卖数量刮起了一股下降之风。看一下右方我们拍卖房产的图表—-很多人正开始暂停拍卖。 * 竞标者数量今天有所下降,然而房产质量本月有明显松动。 * 流拍较我们近期看到的要多,这是房产质量征兆的一部分,这同样也反应了卖主预期与市场博弈的情况。 * 在我们参加的27场拍卖中,81%的拍卖有2-6位竞标者,只要市场按这个力度走,这是个非常非常坚实的结果。 * 总的来讲,我们今天看到的,不多。市场的成交在心理上受到了媒体讨论的影响(这并不是抱怨——我们需要有这种讨论),虽然过一个周末长假,房产质量有所降低,但还是有了坚实的结果。 * 另外,欢迎回到James市场新闻(本周与下周将是大专题)。欢迎年轻的购房者在下两周分享我们的专题文章,然后在7月份学校假期期间市场新闻会暂停,James购房中介仍对客户开放。 The Inner Melbourne Market is beginning its wind down into the traditional July Winter break. Look at our forward auction stock graphs to the right – most are beginning to shut up shop. Bidderman was down today, however stock quality has also noticeably eased this [...]
WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Inner & Northern Weekly

Inner & Northern Weekly

Warehouses by Adam Gardner While the numbers of new public listings is starting to slow down somewhat in the Inner Melbourne areas as Christmas approaches, there are still a number of properties that should garner some interest when they go under the hammer. In fact, the number of warehouse conversions on the market is significant at [...]
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 [...]
Inner and Northern Weekly

Inner and Northern Weekly

  Inner City 417 Canning Street Carlton North sold today with 2 bidders for not much under $3,000,000 in a fairly solid market statement on the value of a major land proposition. As we mentioned last week, there are currently 2 other similar propositions (albeit with their own unique characteristics) at 918 and 973 Drummond Street which [...]
Inner City and Northern Weekly

Inner City and Northern Weekly

Fitzroy has three unusually large major renovation propositions on the market right now in 918 Drummond Street http://www.james.net.au/rating/918-Drummond-Street-CARLTON_NORTH (Nicholas West, Nelson Alexander) and 973 Drummond Street http://www.james.net.au/rating/973-Drummond-Street-CARLTON_NORTH (Alan Cove, Biggin & Scott) and 417 Canning Street, Carlton North http://www.james.net.au/rating/417-Canning-Street-CARLTON_NORTH (Nelson Alexander, Peter Stephens) All three have big blocks and a lot of space to use, but probably require [...]
Northern Weekly

Northern Weekly

It’s been an interesting year in the Inner North, especially in the second half of the year following in the traditional mid-year hiatus. This year had the Federal Election added in to the mix, and this played on the minds of potential sellers as they held out for a political outcome before listing. All the [...]
Northern Weekly

Northern Weekly

East Melbourne Terraces A couple of weeks ago we witnessed 160 Powlett Street, East Melbourne going under the hammer for around $1,500,000. There were nine bidders in total and it leaves you wondering where the other eight bidders are looking now. Apartments can be found for this sort of price in East Melbourne, but houses pop up [...]
This Market Is Building!

This Market Is Building!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 35 auctions we covered. The market had a solid number of offerings, so this represented a good cross-section of what quality homes are doing right now.  The Weekly Review Bidderman, our bidders per auction measurement, was 2.2, up from last [...]
Northern Weekly

Northern Weekly

We had been looking forward to the auction of 155 Clarke Street Northcote (Luke Sacco, Nelson Alexander), a home we rated 659/1000 and one of the strongest looking properties I’ve seen for a while. I was quite taken by this property with its link to the past, yet well renovated for the future. However, unlike the [...]
Northern Weekly

Northern Weekly

Note: Statistically, this weekend’s numbers are too small to give an accurate summary of the market. How’s the market? That’s a question we as advocates are asked many times each day. The answer can of course change almost as frequently as Melbourne’s weather. But in the north, for the moment, I must say I haven’t seen [...]
Northern Weekly

Northern Weekly

Last weekend I attended the auction of 286 Rathdowne Street in Carlton North, which sold for $1,170,000. I actually liked this home, and given the limited land size, I thought it was very cleverly designed and offered some great lifestyle features. Rathdowne St is one of the great boulevards in Melbourne and some seriously good [...]

Inside James Market News