oc | Sunday 15th December

Market News » Property


Last auction hurrah before winter sets in

Last auction hurrah before winter sets in
At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 63% on the 27 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Both figures are down on last week. In contrast to last week’s strong results and high number of bidders, we were [...]
Apartments

Apartments

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 [...]
Bidders out in force on a big weekend

Bidders out in force on a big weekend

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 28 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.9. Not only is that higher than we’ve seen in a long, long time (we’ll have to check our records) it is [...]
Bayside Weekly

Bayside Weekly

There were mixed results last weekend, which was also a ‘Super Saturday’.  Bidderman dropped to an average of 1.7 bidders per property and whilst this is not alarming (it is only the fourth weekend we have covered this year that has averaged under 2, and the other three were on lesser quality, low stock weekends), [...]
Super Saturday..Again!

Super Saturday..Again!

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 [...]
How Good Negotiators Deal With Liars

How Good Negotiators Deal With Liars

  Part 2 of a 2 Part Masterclass on Buying Homes through Liars Good Negotiators see lies as actions What is it we are trying to do?  Reach an agreement. Why is the agent lying to us? To reach an agreement – hopefully with us! Lies can be very positive things They can be an attempt by the other side [...]
Some strength but lacking consistency

Some strength but lacking consistency

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no [...]
Negotiating with Liars

Negotiating with Liars

Lies or perceived lies are endemic within the Melbourne Property market. Many dinner party conversations include the “fact” that some real estate buying and selling agents are liars and whether that is true or not is irrelevant, as many people believe it to be so. Lies can be very hurtful and we all want to avoid [...]
A Market of Differing Opinions

A Market of Differing Opinions

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 26% Lone Rangers ($M+ auctions with one bidder) 13% Norms ($M+ auctions with 2 [...]
Market Feels A Bit Quieter at the Top End

Market Feels A Bit Quieter at the Top End

At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 61% on the 23 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2. Given there were very few auctions this weekend because of the Easter campaign interruptions, we are not reading too much into these stats. Overall Summary [...]
Step (Under/Over + Skilled) Quoting – Black or Noble Art?

Step (Under/Over + Skilled) Quoting – Black or Noble Art?

First Published September 2011 – republished September 2012, and again May 2014: Agent Step Quoting is a contentious part of our industry: It’s how selling agents nudge buyers up the staircase towards a price their clients are hoping for. Done badly it can make buyers feel cheated and manipulated and invite accusations of under-quoting. Done [...]
Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow!

Record Midweek Bayside – Wow! If ever you were not that sure about the A-grade home market, just attend a WOW auction with a great agent (Kate Strickland). In Bayside last week (Thursday) new records were set for the suburb at 41 Binnie Street, Brighton East (it was a great home and we were unfortunately the under-bidder – [...]
Apartments

Apartments

Apartment Action Penthouses, sub-penthouses, mid-level apartments, garden apartments and apartments. Are they all just marketing terms or do they really help a buyer understand what is being advertised?  As more and more buyers turn to apartments as a low maintenance or lock n leave option, more and more questions arise as to what they are [...]
Do you have a Negotiation Council working for you?

Do you have a Negotiation Council working for you?

The action is not all Auction-based right now. While by the end of last week we had cleared the decks a little and were down to only four ongoing negotiations, a week later we were back up to eleven ongoing negotiations that were being discussed and picked apart at our twice weekly Negotiation Councils. A number [...]
Chinese Buyers continue to Underpin the Top End of the Market

Chinese Buyers continue to Underpin the Top End of the Market

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 [...]

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