oc | Wednesday 20th November

Market News » Property


National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.

National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.
Opinion This is a response to Kristin Stegley’s (The Age Sep 17th) and the Age editor’s (Sep 3rd) articles. I respect their positions and I respect the opinions expressed. However, I do not support The National Trust and Melbourne Metro Council’s heritage protection orders going onto on individual homes if the owner is in disagreement. Background What is [...]
Life is good

Life is good

G’day Mal James here. I wrote this piece as I wanted to. I have written about how I feel in this market and I’m not asking you to feel the same way. So it’s ok to switch off now rather than wade through my mud, but there are some sprinkles of gold in here by the way! Life is good I love what [...]
How bad can it get?

How bad can it get?

From all recent news reports, this year is going to be a “bad one” in property. And by definition, a “bad one” is poor quality or not as hoped for. We’re sorry, but we just don’t see “bad”. We see the market, as we left it in 2018, a superior quality one – more sophisticated and better for [...]
Seller Advocacy and 11climbers

Seller Advocacy and 11climbers

  As of 2018 $5,000 from each Seller Advocacy job is donated to 11climbers.org. The money donated will go towards alleviating Melbourne Homelessness and increasing the number of life changing surgeries for African young people. The balance of any fees will go to James Buyer Advocates.   Giving is the most selfish thing I do – it gives [...]
Market moving from regulated to unregulated?

Market moving from regulated to unregulated?

At 6.00pm the James Clearance rate for $M+ Inner Melbourne family homes was 50% on the 26 Auctions we covered in the Pre Xmas 100 Auction test today. James Bidderman that is, bidders per auction, was 1.2, indicating the overall market is still easing/falling in price.  Bidderman needs 2 to tango and 3 to party – 1 is the loneliest number if you’re [...]
Oversupply of unwanted and shortage of wanted

Oversupply of unwanted and shortage of wanted

We bid with another 7 bidders in a boardroom auction* last Thursday on the same day AMP predicted a 20% drop We bid with 8 other bidders in May at a public auction in the same week there was a 9% clearance rate in Kew 6 weeks ago we fought for a client $1.5 million above the quote in a fierce bidding [...]
Are You Awake To What Is Really Going On?

Are You Awake To What Is Really Going On?

This is the first of two articles about what is really happening in our markets. We live in exciting times in the business, in the emotion of and in the life of Melbourne Top End real estate. Is it a dawn or is it a midnight? Who knows but it is one of the more interesting times we have seen, [...]
Divorce – there is a better way

Divorce – there is a better way

Divorce, the Children and a Better Way. This is an ongoing part of our multi-generational living series. If the unhelpful events of Canberra of this past week have reminded us of anything – it is that the sum of divided individuals is far less than the value of a united group. It’s exactly what happens in a divorce when it comes [...]
When you’re warm you’re hot and when you’re cold you’re freezing

When you’re warm you’re hot and when you’re cold you’re freezing

Welcome to our $2m-plus auction Early Spring season opener And the first of three weekends of the James 3 Week 100 Auctions Early Spring Market Test, specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes. This time last year, the opening Spring Day was a bit depressing and now it feels like we have just [...]
Price Uncertainty is the New Black

Price Uncertainty is the New Black

Price has become such an interesting concept in this market. There feels to be an overall lack of trust and comfort with regards to what price to pay – so whilst many things are different between the market of now (eg still some volcano auctions, 6 bidders sub $2m at 18 Barkly St, Brighton, Alex Schiavo)  [...]
Yep, its a big drop – how to deal with it!

Yep, its a big drop – how to deal with it!

Welcome to the early beginnings of the Melbourne Spring buying and selling market. Auctions start in a few weeks time. This weekend’s James Market Insight, is the first in a series of three, about how you can best manage yourself in what’s to come. Why manage yourself? One: If you cannot manage yourself, then you dramatically increase your chances of [...]
State of the Spring Market

State of the Spring Market

  With the key property drivers of the 2000’s: Migration Chinese Students Easy Bank Money Negative Gearing (Interest only loans) Lack of Infrastructure being “attacked” politically from all angles (many would say this is a good thing for our young / community to at least pause and consider), the market is showing signs of and has the potential for major structural change. Forget [...]
The Market Roar – where and when

The Market Roar – where and when

At 6.00 pm on Saturday we found the market, as we have found it all year; B and C Graders down – A-Graders mixed. A-Grader, by our definition – right Position, right Property and right Price – good PPP‘s. Overall, the market as we go into winter is still declining in its mood, interspersed with some strong results: such [...]
Cash is Why

Cash is Why

It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test. It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
Is now a good time? 6% bought under the hammer today!

Is now a good time? 6% bought under the hammer today!

A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which  sold for $2,750,000, John Morrisby. Contents: 1. Under the Hammer 2. Is Now a Good Time? 3. Dr. Good Strategy 4. Around the Grounds – Auction Reports 5. Market Fresh – one-liners on 25 Top [...]

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