BY Mal James 7th September 2019
Today was the second week of the 3-week 100 Auction test and what we saw in the strongest way was the return of the Volcano and the effect it has on the overall psyche of the market.
From the 31 Auctions we covered today 8 or 25% were Volcanoes – meaning 4 or more bidders.
It’s these [...]
BY Mal James 18th May 2019
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, [...]
BY Mal James 22nd November 2014
At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2. After a slight breather last week, it looks like the year [...]
BY Mal James 15th November 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 1.9. Both Clearance Rates and Bidderman are down on the results we saw prior to the Melbourne Cup.
Overall Summary of Melbourne’s Million Dollar-Plus Auctions:
Ducks ($M+ [...]
BY Gina Kantzas 14th June 2014
Apartment Action – What’s it worth?
Most of us would agree that two similar houses in the same street normally sell for about the same price, so why doesn’t this happen with apartments? With the houses, we can see if the land is about the same size and, although the price may vary a bit to [...]
BY Gina Kantzas 31st May 2014
At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.9.
Next weekend there will be a break with the Queen’s Birthday weekend, leaving us only two auction weekends until the June/July school [...]
BY Mal James 30th March 2014
Saturday, March 29:
Market Summary
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]
BY James Buyer Advocates 17th August 2013
Lucky 13
With thirteen properties over the one million dollar mark scheduled for auction in Port Phillip this weekend, there are signs that stock levels seem to be surviving without the need for resuscitation just yet. Mind you, quality will be in the eye of the beholder with some of these offerings.
The stand out was [...]
BY James Buyer Advocates 23rd February 2013
Off-markets out of hibernation
With 64 Armstrong Street Middle Park selling for over $4 million at auction last year, (Michael Szulc of Geoff Cayzer), and an off-market with Michael Coen (Hocking Stuart Albert Park) going for over $6 million, some bigger properties that have been in hibernation for the last two years are finally starting to [...]
BY James Buyer Advocates 16th February 2013
It’s the calm before the storm in Port Phillip, with only four auctions this weekend: two in Port Melbourne, one in Albert Park and one in South Melbourne. Next weekend (Saturday 23, February) will be a Super Saturday, with a large number of auctions across Melbourne and 18 auctions above $1m in Port Phillip in [...]
BY Mal James 27th October 2012
With what was described as the biggest auction weekend in nearly two years, agents were certainly on tenterhooks as to what Saturday would bring. Their fears turned to relief and perhaps even delight, as Greg Hocking from Greg Hocking Holdsworth, David Wood from Hocking Stuart and Kaine Lanyon from Marshall White all reported strong results. [...]
BY Mal James 27th October 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction.
Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad!
Ducks (no bidders):14% Lone Rangers (1 bidder):27% Norms (2 [...]
BY James Buyer Advocates 20th October 2012
This week in Port Phillip two very different properties got the heart fluttering – the first was an old bakery at 201 Liardet Street in Port Melbourne a property managed by Oliver Bruce of Marshall White which over the last two weeks has seen record numbers attend opens.
The second was 71 and 71 A Grey [...]
BY James Buyer Advocates 13th October 2012
This weekend in Port Phillip we saw limited properties on offer, much of which wasn’t quite A grade. While there was reasonable bidding at two of the auctions I covered, there were no volcanoes and two properties were passed in.
History would suggest that those that passed in will sell within the month [...]
BY James Buyer Advocates 28th July 2012
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 [...]
