oc | Sunday 15th December

Market News » Sandringham


Covering Albert Park, St Kilda, Elwood, Brighton, Hampton and Sandringham $1m+ homes

Covering Albert Park, St Kilda, Elwood, Brighton, Hampton and Sandringham $1m+ homes
Hocking Stuart’s Peter Kennett stated he had four auctions today and 18 bidders in total. Let Hocking Stuart’s Barb Gregory tell us about the story of the lady in Sydney who, on Saturday morning, was eating porridge when she had a thought about 10 Murph y St Brighton. This is a home she [...]
Let there be Light

Let there be Light

Two properties that we visited and rated this week are 14 Greville Street Prahran & 11 Keats Street Sandringham. These homes are located in two very different parts of Melbourne, but both properties are renovated period homes with a great feel, well suited to the area demographics (Prahran is mainly singles and [...]
Agent auction quoting seems OK for now. But some individuals are still pushing the boundaries.

Agent auction quoting seems OK for now. But some individuals are still pushing the boundaries.

We thought it would be timely to take a snapshot of how we are finding selling agents’ quotes. In a rising market, it’s easy to fall back on old habits; however, we think, on yesterday’s results, that most of the major companies are making an attempt to improve their auction quoting standards. Now, before you think we [...]
Buyer Psychology 101

Buyer Psychology 101

At 6pm Saturday, as we go to press, the James Clearance Rate stands at 50% from the 20 we reviewed and attended. Some interesting results below. This result is slightly weaker than expected after last week’s stronger than expected results and shows how this current $1m+ market is on a stock level edge. More available stock and [...]
Interview: Scott Hamilton of Buxton

Interview: Scott Hamilton of Buxton

EXECUTIVE SUMMARY Scott is Sandringham’s quiet achiever. Respected by many, including his rivals, Scott gets a number of deals over the line quietly and without much fuss. In fact, I’m not sure we know as successful an agent with such a low profile. We like Scott because he gets in his car and meets [...]
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 [...]
Note to self: Buy an original home and reap the rewards!

Note to self: Buy an original home and reap the rewards!

Weekend one of the school holidays and as expected a very slow auction weekend at the top end of town. Across the board, the lowest number of auctions for this year was on offer with 395 and a good clearance rate of 66%. It is also important to look at [...]
The Showman, The Footballer and The Bayside Agent..  A Tale of Three Auctions…

The Showman, The Footballer and The Bayside Agent.. A Tale of Three Auctions…

With 596 private sales during the week, agents are still ‘mopping-up’ and this is a good sign for the market. The topsy turvy clearance rate (up from last weekend from 62% to 65% for 477 auctions this weekend).  It’s school holidays currently and this has a softening [...]
There continues to be very little quality stock offered in the million dollar plus end of the market as sellers who have had the sell (ie must meet the market) have sold.

There continues to be very little quality stock offered in the million dollar plus end of the market as sellers who have had the sell (ie must meet the market) have sold.

The significant drop in prices during March and April forced many potential buyers and sellers to re-evaluate their needs. Those reassessments resulted in inaction now being evidenced by the small numbers the market is seeing on offer. Winter is traditionally a quieter time, we all feel like [...]
Signs suggesting the market is back on track.

Signs suggesting the market is back on track.

There are good signs suggesting the market is back on track. We are back to normal numbers of auctions with 608 this weekend and saw a rise in the clearance rate to 67%. If there wasn’t the threat of interest rate rises and high petrol prices, the market [...]
AUCTIONS WE ATTENDED THIS WEEKEND

AUCTIONS WE ATTENDED THIS WEEKEND

15 St Johns Avenue, Camberwell. This is a very impressive,newly built period style home with no expense spared on inclusions. Auctioneer Jeremy Desmier from Fletchers in Canterbury conducted a very good auction, squeezing every last penny out of the four participating bidders. Bidding opened with a vendor bid [...]
Market continuing to stabilise at all price levels.

Market continuing to stabilise at all price levels.

15 St Johns Avenue, Camberwell. This is a very impressive,newly built period style home with no expense spared on inclusions. Auctioneer Jeremy Desmier from Fletchers in Canterbury conducted a very good auction, squeezing every last penny out of the four participating bidders. Bidding opened with a vendor bid [...]
Auctions attended this weekend.

Auctions attended this weekend.

As we have been stating for some time and was again confirmed this week, the market is still continuing to fall in the order of 10 to 20% for most homes in inner Melbourne since February. Reading recent stats from the various authorities the fall has been greater [...]
In Search of Home Sweet Home.

In Search of Home Sweet Home.

Not much to report on the auction front this weekend due to the Anzac Long Weekend. There were some strong results for good properties particularly bayside in Hampton and Sandringham. For example 2 Ocean Street, Hampton click here for rating. The home was fully renovated in a fantastic [...]
Buyers Checklist

Buyers Checklist

Like all good Boy Scouts and Girl Guides it’s important to be prepared. Before you start scouring through agent websites and trudging through open for inspections in search of your dream home, please complete the following, after all you are about to spend a very large sum of money! You must have the following in place; Firstly, [...]

Inside James Market News