oc | Friday 6th December

Market News » Property


More strategic pass-ins and bought afters today

More strategic pass-ins and bought afters today
At 6.00pm Saturday, the James Million $+ Inner Melbourne Clearance rate was 85% – with a noticeable difference of more pass-ins and bought after’s. It’s safe to say, that in some cases, these were strategic pass-ins to a bidder which agents had singled out for special treatment. We say that, because Bidderman was still a healthy 2.55 [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
2016’s Opening Market is (…..drum roll)

2016’s Opening Market is (…..drum roll)

2016’s Opening Market is …..drum roll … Pumping…….Strong …….Rocking. There’s no doubt and no other way to really describe it. We’ve had three big auction weekends in a row, with today a virtual Super Saturday and the market has spoken. 2016 has started with a real bang. The only difference between 2016 and 2015 is the [...]
G’day 2016!  The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

G’day 2016! The Peninsula, Melbourne OFI’s and James has started more positively than the newspaper headlines.

Welcome back to James Buyers Agents and Advocates 2016. We have started James Market News a little earlier than planned because we are experiencing solid market interest right here and now in January. SOLID START We have already been involved in substantial buys and sells this year (2016) and currently have seven homes in negotiation; with a [...]
Started 2015 like a runaway train – finished 2015 like an express

Started 2015 like a runaway train – finished 2015 like an express

We started 2015 like a runaway train. I remember vividly giving advice on a Kooyongkoot Road property – All I did for three weeks before the auction was apologise to our client as I revised our price estimates up 5%, then another 10% and finally another 10%. The home that in December 2014 I thought would nudge $4,000,000 if [...]
Balwyn Calling – International Asian Demand showing the real signs of easing!

Balwyn Calling – International Asian Demand showing the real signs of easing!

Special Edition – James International Demand Report for Inner Melbourne $M+ housing Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market. James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
News of my death may be greatly exaggerated

News of my death may be greatly exaggerated

The market is not as bullish, as urgent, or as downright insane as it was from February to May, even June of this year. Is this really a true statement? In many cases we are 20% above the start of the year. Is the market’s outward intensity less about dollars and bidding and more about that, we [...]
In a nutshell the Super Saturday market was a little unconvincing today.

In a nutshell the Super Saturday market was a little unconvincing today.

It is important to note that we deliberately focused on the high-end today, as it is the canary in the gold mine. The Top End is where you will see the change (if any) first, as this current market is a Top End driven market. The Top End traditionally has the least depth of any [...]
It’s good to know our stockmarket experts can predict the future property market so accurately. Phew!

It’s good to know our stockmarket experts can predict the future property market so accurately. Phew!

Understand the effect “Chinese Buyers” have on your market and learn strategies to deal with it

Understand the effect “Chinese Buyers” have on your market and learn strategies to deal with it

    The Chinese Phenomenon – Case Studies References: 1) Here is a link to a sample of 500 (Five hundred) homes we have bought recently – you decide if we are qualified to make the comments we are making http://www.james.net.au/homeratings/houses_bought.php?token=LJbnmFauW3 2) Here is a link to the 5000 (Five thousand) auctions we have reported on – you decide if we [...]
Since we last spoke before Winter – little has changed in the $3m+ market

Since we last spoke before Winter – little has changed in the $3m+ market

$3m+ is James Buyer Advocates bread and butter. We find the $3m+ market is normally a lot looser than the $1m+ market; meaning results vary more widely. This occurs for two key reasons: 1. Sellers have more flex on whether they will sell or not and often demand big prices and just wait – sometimes they [...]
The Rise of the Duck

The Rise of the Duck

Hey, just when you started to think it was getting boring – you may, just may be in for a surprise over the next few weeks. So what happened this week? 1. Some buyers were still getting smashed by a strong Bidderman on the A-graders (Price, Property or Position) 2. Some buyers paid big numbers on some pass-ins – surely not [...]
Winter 2015 Land Guides

Winter 2015 Land Guides

At James Buyer Advocates we update our land guides in each Suburb precinct and often streets as new information comes in (usually weekly as we are valuing in most precincts on a weekly basis). Each land sale or partial land sale is considered by James Buyer Advocates for: 1) Number of bidders 2) Block characteristics 3) Position 4) Additional unusual known [...]
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 [...]

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