oc | Sunday 15th December

Market News » Sandringham


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 [...]
Amongst the gloom – Brighton early $m+ shone this week with an even dozen $M+ sales.

Amongst the gloom – Brighton early $m+ shone this week with an even dozen $M+ sales.

Key Points: Brighton is like Stonnington at the moment, if it’s good its selling. The market has eased, but unlike last year a number of vendors have responded. However nobody says things are moving upwards yet. What are stock levels going to be like Post Easter – will the significant overhang be taken up, removing [...]
Big Drop in Clearance Rates into the low 40’s admittedly on low quality

Big Drop in Clearance Rates into the low 40’s admittedly on low quality

Key Points: The level of market softness outside the heart of Brighton surprised most Brighton 29 St Ninians: Passed in on a vendor bid of $7,300,000. Brighton 18A Martin: Passed In for $3,300,000. 1 bidder. On a buying note the Golden Mile in Brighton is still alive and well with Regina Schmidt and Brian Devlin from Buxton getting 2 [...]
Hampton’s Golden Triangle is Melbourne’s Hottest Estate right now

Hampton’s Golden Triangle is Melbourne’s Hottest Estate right now

Highlights: Hampton’s Golden Triangle continues to perform very strongly with 3 Lorraine Hampton (Nick Johnstone of JP Dixon) over $3,000,000; 23 The Avenue Hampton (David Hart of Buxton) $2,350,000 and fringe there but actually Brighton Beach – 10 Menzies Brighton (Sam Paynter of Hodges) $2,600,000. These, the three buys at this level we reported a few [...]
Bayside steady in anticipation of higher stock levels next weekend

Bayside steady in anticipation of higher stock levels next weekend

Key Points: We saw a steady clearance rate of 53% on the 17 auctions reported above $1-million dollars. Like the rest of Inner Melbourne, activity before and after auction was prevalent, as we only saw 1 property sell under the hammer out of the 6 we monitored. Next weekend will be a mini test with [...]
How to Find Out Market Value

How to Find Out Market Value

While the value you place on a property is ultimately the most important factor in influencing what you are prepared to pay, you also want to know its market value. But how do you know what that is? Is there some secret market value formula? No there is no single definitive “sticker price” market value figure [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
Top End Bayside had a stellar week in private sales but Lower End was mostly on the nose at auction.

Top End Bayside had a stellar week in private sales but Lower End was mostly on the nose at auction.

Key Points: We attended nine auctions across Bayside this weekend. Of those, only two were bought under the hammer. While Brighton was very average at auction today, it was the stellar performer for stales (long term unsolds) over $3m+ this week. Behind closed doors at Kay and Burton, there was plenty of action. We have a special report for you [...]
Stock is coming on – prices are going where….?

Stock is coming on – prices are going where….?

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer. On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
Two-faced Bayside. Under $2m – action. Over $2m – still a bit sleepy.

Two-faced Bayside. Under $2m – action. Over $2m – still a bit sleepy.

Bayside this week had a clearance rate of 7 from the 11 monitored properties this week – or 63%. This was up on the 40% to 50% of the last few weeks in May, but it was on a smaller turnover. Bidderman, our demand indicator, was 1.3 bidders per auction – which is still lowish if [...]
The Private Sale Clearance Rate in $M+ Melbourne was around 1 in 4 over last 6 weeks. However at auctions this weekend it was ‘even-stevens’ between Buyers and Sellers. Bidderman 2.2

The Private Sale Clearance Rate in $M+ Melbourne was around 1 in 4 over last 6 weeks. However at auctions this weekend it was ‘even-stevens’ between Buyers and Sellers. Bidderman 2.2

At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%. Our Demand Indicator Bidderman was 2.2.  Hmmm – an interesting increase but it was off a very low turnover. Today’s Highlights 1)      Bidders were present at 18 of the 22 auctions we covered –  and at three auctions there were 6+bidders 23 [...]
A bit of gloom (for sellers) if you’re auctioning in Bayside and we’re not talking about the weather

A bit of gloom (for sellers) if you’re auctioning in Bayside and we’re not talking about the weather

A bit of gloom maybe an understatement.  We covered 10 properties auctioned in Bayside today over $1,000,000 and saw a clearance rate of  zer0!  That’s right, nothing was bought under the hammer today.   6 bidders in total, and Park Road, Sandringham had two of them.   That’s Bidderman at 0.6.  Properties to pass in today on vendor bids  [...]
Wanted – bidders over $2,000,000 in Bayside – anyone interested? However still 17 sales over $1million this week.

Wanted – bidders over $2,000,000 in Bayside – anyone interested? However still 17 sales over $1million this week.

Of the 9 properties we covered in Bayside today, 6 passed in.  Ten bidders for the 9 properties, although  Leigh Hallimore of Buxtons did have three of the ten bidders at 41 Lynch Crescent, Brighton.  Bidderman was at 1.1 for Bayside. 7 Grosvenor Street, Brighton (Nick Johnstone of JP Dixon), 960sqm and north facing rear, near the [...]
A mixed day in Bayside. Black Rock and Beaumaris luke warm. Brighton mixed. Brighton East hot!

A mixed day in Bayside. Black Rock and Beaumaris luke warm. Brighton mixed. Brighton East hot!

Six out of seven in Brighton East were bought at auction today but at expected levels, not ridiculous prices. The highlight for me being that after a flurry of $2m offerings in previous weeks; you can still find some reasonable $1m to $1.5m buying in Carrington, Grant, Griffin, Rogers, Plunket and Margaret Streets as evidenced [...]
Almost Sleepy Hollow Today (as expected)

Almost Sleepy Hollow Today (as expected)

A quieter week in terms of numbers, given the Anzac  long weekend, and results were as expected.  Some sold strongly, some passed in, some sold after.  The ‘golden triangle’ in Black Rock continued to sell, with Nick Johnstone of JP Dixon selling 16 Glenmore Crescent for $1,820,000 and a well run campaign by Jason Gill [...]

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