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Market News » Stonnington


Stonnington Weekly

Stonnington Weekly
  Stonnington Snapshot Not much auction action in Stonnington today but there were big crowds at Opens again. Next week we have a small increase in numbers up to 30 auctions but then there is a huge increase in numbers the following week. 40 plus auctions over $1m is considered a big day but on Super Saturday [...]
Stonnington Weekly

Stonnington Weekly

  Stonnington Snapshot Mid-week attendances at Opens was slow again this week for the second week in a row. Was it purely because buyers have seen all the current stock? The Grand Final puts a halt to most activity (and many schools started holidays today) so the the next wave of new properties should all have hit [...]
Stonnington Weekly

Stonnington Weekly

Inner City A general lack of stock characterises most of the Inner suburbs at the moment, and although Carlton and Carlton North, for example, are traditionally tightly held areas,  many agents saying that the number of listings is down over this time last year. Jason Sharpe of Woodards, articulated this statement late last week when we inspected [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Today was the last auction day of Winter 2014. And after a month of 5 auction weekends in August, today was the culmination of the intense market ride we have experienced since the start of this third selling quarter. At midday today the market heat reached its crescendo and then it quickly subsided. We ended [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot After last week’s low number of auctions we had 25 auctions to keep a track of this week. The next two Saturdays see 29 and 31 auctions respectively, so activity seems to be heating up. Half the auctions slated for September 13 centre on Armadale and Prahran so that could be a good guide [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot: With only 14 auctions in million dollar plus Stonnington this week and 2 selling during the week, I advised most clients to have the weekend off from property thinking. Patience is the first thing needed to not make a buying mistake because in property, time will more often create a bigger gap in growth [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot At our first week back auction reporting for this new market, Melbourne’s overall $Million dollar plus Bidderman was strong at 2.2. That was last week and Stonnington had slim pickings with only 8 auctions. Today we have 22 auctions.  We see a bumpy ride ahead in August in terms of volume.  We dip down [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Welcome to the New Market! Happy New Market Year! That’s the greeting I’ve received as I have met agents at Opens after the long winter break.  The feeling around the traps is of a new beginning.  Almost all agents have stated that numbers at Opens have been very well attended.  Talking with John Morrisby, [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot As we report for the last time this financial year, and before most agents head off for their traditional winter break in preparation for the busier half of the year, we thought we should leave you with our summary of the April/June quarter, as we saw it … April/June After Easter and the school [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot With no Market News over the long weekend our Stonnington team inspected additional opens and plenty of off-markets instead. Some addresses had good numbers through, although there is no doubt that supply is leveling off now. And as usual at this time of year, negotiations are proving more difficult. Buyers look to the future, [...]
Stonnington Weekly

Stonnington Weekly

It was another Super Saturday today. Another during a record year for the number of Super Saturdays in Melbourne’s Million Dollar plus home market. After 18 months of steady growth (with continuous demand and supply levels) the four months of this year’s selling season (February to May)  has felt like the intensity of a usual [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Last weekend (17th May) the clearance rate for all the auctions we covered was a strong 76%. Stonnington was even more bullish with all of those we covered selling on the day. Although, we did note that many agents were talking of a quieter month in terms of listings in June. Despite the messages [...]
Negotiating with Liars

Negotiating with Liars

Lies or perceived lies are endemic within the Melbourne Property market. Many dinner party conversations include the “fact” that some real estate buying and selling agents are liars and whether that is true or not is irrelevant, as many people believe it to be so. Lies can be very hurtful and we all want to avoid [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Last week, we mentioned some hesitation about where the market was heading since Easter. But this week we are left with little doubt that strong demand exists. More and more confident vendors are listing their properties quietly (Off-market) to capture the demand. Or will these tests turn into more listings for June or perhaps [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot What a difference a week can make! Unlike the busy crowds we saw during the cold and rain of recent weeks, this week’s mid-week opens were quiet and we had plenty of time to talk with buyers and agents alike. Is it that all the new stock was inspected during the preceding two weeks [...]

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