oc | Friday 6th December

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Stonnington Weekly

Stonnington Weekly
With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%. Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Boroondara Weekly

Boroondara Weekly

There is a good feel to the market right now. Buyers are positive and vendors also seem to be on board and prepared to meet the market. Along with this, the media is mainly positive about the market, which always helps. I must say some properties that I felt would struggle (e.g. those with compromised [...]
Stonnington Weekly

Stonnington Weekly

Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate.  This weekend we went even better with a strong 85% clearance rate overall. Of the 8 auctions we covered,  2 were bought before, 2 had no bidders and [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
Boroondara Weekly

Boroondara Weekly

Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee. Last [...]
Boroondara Weekly

Boroondara Weekly

The market felt quite positive today, with most good properties attracting multiple bidders and selling well. The overall Clearance Rate for Boroondara $M+ was a whopping 88%. Two of these were Land Sales, with solid results – 3 Grange Ave Canterbury (Daniel Bradd, Kay and Burton) – 1155m2 south rear with sloping down block, selling for just over $2355/m2 18 [...]
Stonnington Weekly

Stonnington Weekly

This week around the traps – the men and women at Kay and Burton were out in force on their quiet and off-market sales Armadale, 14 Myamyn St (Gowan Stubbings – Kay and Burton), this was sold for the mid $3 millions in 2009, and changed hands again during the week for towards the mid $4 [...]
Stonnington Weekly

Stonnington Weekly

This week seemed fairly quiet across the board in terms of crowd numbers at Opens and at auctions. Agents were not too enthusiastic about new listings for December and those that I spoke with, were talking up vendors wanting to wait until February to list their properties for sale. Today the clearance rate for Stonnington was [...]
Boroondara Weekly

Boroondara Weekly

After an OK beginning to the Spring market that matched the OK weather, results this weekend were not too bad.
Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.

At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]
In August the temperature has risen ever so slightly – warmer at $3m than $6m

In August the temperature has risen ever so slightly – warmer at $3m than $6m

Friday 31st August – 3 from Kay and Burton in Boroondara Camberwell, 60 Broadway, Tim Picken – big land plus tennis court with a home that needed a lot of work. In excess of $4,500,000 Kew, 9 College, Sam Wilkinson, – great internal floor plan – Street and facade Mmmm – Ok. Just under $3,300,000 Canterbury, 31 Chaucer, [...]
Boroondara Weekly

Boroondara Weekly

On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim. This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]

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