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Market News » Suburbs


2014 First Super Saturday – The Early Birds are out in force!

2014 First Super Saturday – The Early Birds are out in force!
At 6.00 pm Saturday and the James Clearance Rate for Melbourne’s $M+ property was 71% on the 42 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.6. All three of those numbers are exceptionally strong – there is no other way to read them! This weekend was the first big [...]
Port Phillip Weekly

Port Phillip Weekly

Parking Mad The old timers of 100 years ago could never have anticipated that their old dunny lanes would take on such a different use n the future. The lanes that once allowed the dunnyman (or night soil man) to clear waste in the times prior to modern plumbing, now provide access for vehicles to be [...]
Lots of Stock Splintering the Market

Lots of Stock Splintering the Market

At 6.00pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 53% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.3. This market is really splintering down the middle, and this weekend’s stats show this starkly. When you’ve got a clearance rate down to 53%, [...]
Hasta La Vista Winter!

Hasta La Vista Winter!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 69% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2. Ducks (no bidder auctions) –23% Lone Rangers (1 bidder auctions) – 17% Norms (2-3 bidder auctions) – 46% Volcanoes (4+ bidder auctions) – 14% Another win [...]
Northern Weekly

Northern Weekly

We had been looking forward to the auction of 155 Clarke Street Northcote (Luke Sacco, Nelson Alexander), a home we rated 659/1000 and one of the strongest looking properties I’ve seen for a while. I was quite taken by this property with its link to the past, yet well renovated for the future. However, unlike the [...]
Steady as she goes on low auction stock levels

Steady as she goes on low auction stock levels

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2 Ducks (no bidder auctions) – 25% Lone Rangers (1 bidder auctions) – 9% Norms (2-3 bidder auctions) – 47% Volcanoes (4+ bidder auctions) – 19% A win to [...]
Northern Weekly

Northern Weekly

Note: Statistically, this weekend’s numbers are too small to give an accurate summary of the market. How’s the market? That’s a question we as advocates are asked many times each day. The answer can of course change almost as frequently as Melbourne’s weather. But in the north, for the moment, I must say I haven’t seen [...]
Northern Weekly

Northern Weekly

Auctions of interest this weekend – 261 Amess Street, Carlton North sold for $2,320,000 under the hammer with three bidders. This was a double-fronted, double-storey terrace (James Keenan, Nelson Alexander) that we  rated at 561/1000. This was a good result given that the last two auctions of similar properties we have attended (18 Rowe Street and 60 [...]
Northern Weekly

Northern Weekly

One auction we were looking forward to this weekend in the inner north-west was 19 Richardson Street in Essendon (Christian Lonzi, Frank Dowling Real Estate – Essendon). This is a grand looking home, although not overly large, but it was well-renovated and had a lovely feeling. It lacked an ensuite and the flats to one [...]
Northern Weekly

Northern Weekly

Inner North East Good supply has been limited recently in this region, as seems to be the case across Melbourne. The $1m – $2m segment is experiencing strong buying demand at the moment, but supply is limited to less than a handful of properties. In this segment, 71 The Eyrie in Eaglemont and 15 Marshall St in [...]
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 [...]
Port Phillip Weekly

Port Phillip Weekly

The sale of 29 Albert Street Port Melbourne by Frank Callaghan of Frank Gordon Real Estate this weekend was an indication that there is warmth in the market at around $1 million – particularly when the fundamentals are right with a property, as they were with Albert Street. It is a period home, has good [...]
Boroondara Weekly

Boroondara Weekly

On Saturday I attended four auctions in Boroondara and all four sold – yet only one of these was under the hammer. In a word, the market is very ‘mixed’ right now and with the Grand Final only five weeks away, pickings remain slim. This week I attended the Jellis Craig 2012 Client Seminar (thanks to [...]
First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

First winter weekend – the mood is frosty but the results remain solid for the best in Boroondara

In Boroondara, the auction mood was a little frosty. But in the jewel suburbs of Kew, Hawthorn and Hawthorn East, 8 from 8 scheduled auction properties sold. Of the 8 auctions we attended, 5 sold – so the news overall was not too bad. Most of the top selling agents continue to get solid results, namely: Scott [...]
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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