oc | Friday 6th December

Market News » rt edgar


The crowds were out and the Quoting Question hots up.

The crowds were out and the Quoting Question hots up.
It’s 6pm Saturday and the James Clearance Rate stands at 59 per cent on the 27 auctions we attended. Yes, a drop-off from past weeks, but there should be a mop-up over the next week and, if there is, then it’s more of the same in a warming market. Please note James Market News is now translated into Chinese [...]
I know for an outsider it’s hard to believe but the market is getting hotter right now.

I know for an outsider it’s hard to believe but the market is getting hotter right now.

It’s 6pm Saturday and the James $1 million-plus auction clearance rate was over 86% on the 22 auctions we attended. 86% on 22 auctions – hello. It’s hard to believe we are supposedly in a recession. Hard to believe indeed when you’re standing across the room from one of your experienced competitors Chris Koren [...]
Hope you weren’t expecting an easy buy in Toorak today! Clearance rates right up there – prices improving but most still down on this time last year.

Hope you weren’t expecting an easy buy in Toorak today! Clearance rates right up there – prices improving but most still down on this time last year.

At 6pm Saturday, the James Auction $m+ Auction Clearance Rate stands at a strong-for-sellers 78% of the 23 auctions we attended today. Today, four clear messages came out of the results: The market is very fickle at the moment – up one week and down the next. If the market perceives the property is good, there [...]
More homes to buy are being listed by agents on and off market – will the buyer demand be there to match?

More homes to buy are being listed by agents on and off market – will the buyer demand be there to match?

There is definitely more housing stock coming onto the off-market part of the market; however: 1. it’s not across all geographical markets and dollar market levels; and 2. it’s not necessarily the home you must buy; ie the price and quality is mixed. Specific off-market properties that we have heard about, driven by, or looked [...]
Dealing with Agents and Auctions

Dealing with Agents and Auctions

What are you going to do this weekend on a pass in or a vendor’s bid? In 2009 the rules & strategies have changed. Don’t miss out, don’t pay too much. Many buyers turn up to an auction with little planning having been done, other than “I think I will bid up to …” or [...]
A Week of Reflection and Action for Buyers and Sellers

A Week of Reflection and Action for Buyers and Sellers

At 5pm Saturday, the Auction Clearance Rate of James Attended Auctions was 38%. Nothing new here; but the market does have a slight sense of upbeatedness (if there is such a word), as a number of long-running deals and expressions of interest were concluded during the week. 4 Deepdene Place Balwyn – good [...]
Very Classy Residence…

Very Classy Residence…

31 Clowes Street, South Yarra. This is one of the better inner city residences I have been to. Luxuriously appointed kitchen and bathrooms and very nice living spaces. The home was completely refurbished in 2007 by Nicholas Day and absolutely oozes class. We rated this property 638/1000. Positives [...]
What is driving the market?

What is driving the market?

Market News To say the market is experiencing incredibly growth in capital values is an understatement. Last year we reported values increasing by as much as 30% despite what the stats people were saying and there are ever greater increases this year. These large increases as per most of the rest [...]

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