oc | Sunday 15th December

Market News » rt edgar


Market picking up, but still lacking depth

Market picking up, but still lacking depth
At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

In Boroondara, the auction mood was a little frosty. But in the jewel suburbs of Kew, Hawthorn and Hawthorn East, 8 from 8 scheduled auction properties sold. Of the 8 auctions we attended, 5 sold – so the news overall was not too bad. Most of the top selling agents continue to get solid results, namely: Scott [...]
The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter. But to keep some perspective [...]
A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts. The Question: After [...]
There’s a heartbeat in the $3m+ market – and off-market sales are back.

There’s a heartbeat in the $3m+ market – and off-market sales are back.

Week 4 August 27 2011: Not a lot happened at auction in this market this weekend at $3M+, with the exception of 25 Kent Avenue – the action was all last week and it was away from the auctions. Biggest Sale: 25 Kent Ave, Brighton, Leigh Hallamore (Buxton); After auction, $6,400,000, 4 bidders Crowd numbers were high [...]
So far it’s been a year of low quality stock undermining buyer demand

So far it’s been a year of low quality stock undermining buyer demand

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
Buyers sit on the fence, hands in pockets.

Buyers sit on the fence, hands in pockets.

At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End. Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

Key Points: A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought. Although there was a lot on offer – it was a mixed bag quality wise. If there is such a thing the good home clearance rate index would have shown a better result than the [...]
Not a lot of excitement with Grand Prix finishing and Easter starting

Not a lot of excitement with Grand Prix finishing and Easter starting

Agent Q & A : How does current pricing compare with the same time last year? Nick Yannopoulos, RT Edgar, Albert Park: “The intensity at auctions and buyer enquiry has certainly dropped over the last year particularly in the top end of the market. However outstanding homes in premier locations are still going strong as it [...]
Brighton very solid, however down the Bay stays away

Brighton very solid, however down the Bay stays away

Key Points: Clearance Rate for quality homes was stronger than our stats show today If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled. Hampton 7 Raynes Park Road with Stephen Wigley [...]
The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

Key Points: Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter.  19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
It was struggle street out there today (for many sellers).

It was struggle street out there today (for many sellers).

At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

Key Points: Toorak 17 Lansell with Lisa Jarrett of Abercrombys sold mid week after being on the market since late last year Toorak 16 Cole St with Nicole Gleeson of Kay and Burton sold mid week after being on the market since late last year Agent Q & A: Has the market changed since before Labour Day weekend? Lachlan Fraser-Smith, [...]

Inside James Market News