oc | Sunday 15th December

Market News » Sandringham


Bayside Weekly

Bayside Weekly
The $3 million plus market has been alive and kicking this year. Seven properties have been sold in the last eight weeks at this level – almost one per week. 9 Dawson Avenue, Brighton, circa $4 million – Peter Kennett, Hocking Stuart 9 Linday Street, Brighton, high $2 millions – Kate & Rob Strickland, Marshall White 13 Bay [...]
Bayside Weekly

Bayside Weekly

Bay View Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington. Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
Bayside Weekly

Bayside Weekly

Bay View The focus this week seems to be on whether the current interest through open houses would convert into home purchases. Agents, vendors and buyers alike have all been eager to see the results. Talking to selling agents during the week revealed quite a bit of anticipation. According to Campbell Cooney (Hodges), there is pent-up demand [...]
Bayside Weekly

Bayside Weekly

Bay View Welcome to the first Bayside market wrap for 2013. From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
Bayside weekly

Bayside weekly

As this is the final Marketnews for 2012, some highlights below Most memorable Auction; 43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012 Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids  – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
Bayside Weekly

Bayside Weekly

This week was a quiet one in Bayside with low numbers at Opens and even a few agents taking a day off to attend the races. But the hard work had already been done as good new stock levels appeared. The clearance rate was 64% on a total of 12 auctions. Next week there will be [...]
Lack of exciting stock on the market brings on a quieter weekend

Lack of exciting stock on the market brings on a quieter weekend

At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. That low Bidderman rate reflects how the market felt this weekend – quiet. This lack of activity is hardly unexpected given that the Melbourne market is [...]
Did it Suck or did it Sizzle? We think it Sizzled!

Did it Suck or did it Sizzle? We think it Sizzled!

At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad! Ducks (no bidders):14%    Lone Rangers (1 bidder):27%  Norms (2 [...]
Bayside Weekly

Bayside Weekly

This week we saw an increase in our enquiry levels and as the week progressed, we also noticed an increase in mid-week transaction levels. This was after weeks of solid crowd numbers at auctions. Of particular note was the fact that three properties were sold in as many days by the Buxton group (see our Market [...]
Bayside Weekly

Bayside Weekly

This week our discussions were about uncertainty and how it can affect buyer decisions. At the moment there is uncertainty about the new stock levels coming on to the market (we’re hoping for more choice in Spring), there is increasing uncertainty regarding banks’ preparedness to lend (see our Market Insight article); and there may also be [...]
Bayside Weekly

Bayside Weekly

Mid Year Bayside Report The Top of the Top End market right now in Bayside is on life support, as it is barely breathing. This year I can think of only one sale over $5m in Bayside, and that was Marshall White’s $7.77 million sale on Brighton’s Golden Mile last month. Compare this to Stonnington and [...]
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 [...]
How to Value the Top End in this market

How to Value the Top End in this market

Recently we gave a talk to more than a hundred high net worth individuals at the Sandringham Yacht Club for Peter Wilson of Godfrey Pembroke where we involved the participants in a hands-on exercise that introduced them to “valuing” high end homes. There were three steps to the process. First we asked them to give [...]
The chilly weather didn’t keep everyone away – a quiet (but not too quiet) day in Bayside

The chilly weather didn’t keep everyone away – a quiet (but not too quiet) day in Bayside

Are we in for some Super Saturdays at the end of this month? Jenny Dwyer, Hocking Stuart (Sandringham): “The market for the foreseeable future would suggest that a more balanced supply line is occurring at present – the days of “Super Saturday” may have come to an end until the Spring market appears for 2011 (unless [...]
Nervous Bidders are losing the plot – and costing themselves a lot of money.

Nervous Bidders are losing the plot – and costing themselves a lot of money.

At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]

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