oc | Wednesday 26th February

Market News » quality property


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 [...]
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 [...]
Interested in Expressing Interest?

Interested in Expressing Interest?

With the break in traffic due to last week’s long weekend, how did we finish up this weekend after the shaky Second Super Saturday a fortnight ago? At 6.00pm Saturday the James Clearance Rate for Melbourne’s $M+ property was 66% on the 35 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7 Overall Summary [...]
Market Is Transacting

Market Is Transacting

At 6.00 pm on 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 1.5, which over the last three weeks has been a bit up and down. Ducks (no bidder auctions) – 28% Lone Rangers (1 bidder auctions) – 19% Norms [...]
Stonnington Weekly

Stonnington Weekly

As this is the final Marketnews for 2012, some highlights below Most memorable auction; 3 Royal Crescent Armadale (Mark Wridgway) on 16th June 2012 With the two bidders at 50 paces, mobile phones in hand, the crowd of 80 soon took sides including some cheering of the bidders and a feeling of battle soon emerged.  Auctioneer Mark Wridgway [...]
Boroondara Weekly

Boroondara Weekly

A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were: 28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton) 3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon) 5 Urquhart Street, Hawthorn (Antony [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, the start of 2012 mirrored most of 2011, with stock-shortage being the buzz word amongst agents and buyers. As the year progressed, we saw vendors adjust their expectations as agents finally realised they had to work harder to make vendors understand that the value of their property may have fallen. The interest [...]
No real big guns on offer at auction today – lacklustre

No real big guns on offer at auction today – lacklustre

Key Points Fall in Clearance Rate today Stock offering not as good as October 23rd Very little new stock in this week owing to Melbourne Cup in 4 weeks A lot of off market on offer $3m+ homes have come on in big numbers compared to winter Biggest sale 5 Glassford St, Armadale, Justin Long, Marshall White, Under the Hammer $2,350,000 “Good [...]
The 4 key risks in Off-plan purchases

The 4 key risks in Off-plan purchases

Some people think buying off the plan is an easy way to buy property and a fast way to make money. You put down 10 per cent now or, in some cases, as low as 5 per cent, with the balance payable in six, 12 or 24 months. This gives you additional time to save and the [...]
There are long term opportunities out there for those that are sensible and unclouded by fear

There are long term opportunities out there for those that are sensible and unclouded by fear

It’s 5.00 pm Saturday and the auction clearance rates are very, very average for Million Dollar Melbourne. But let’s leave the analysts and doomsayers to themselves; let’s remember we own or are buying quality property and that has not dropped like a Nikkei or a Dow or an All Ords and unless people [...]
Market Update Summary

Market Update Summary

Dear reader, We thought it appropriate to put out a note now, rather than wait till our next newsletter. The upper end housing market is moving in interesting times. Market�Update Summary • Off market purchases are increasing. • Number of pass-ins are increasing. • Number of buyers per auction are decreasing. • Clearance rates are decreasing. • Runaway unexpected results are decreasing. • Fringe [...]

Inside James Market News