oc | Sunday 15th December

Market News » Suburbs


We are still seeing at least one Million-plus home bought every ninety minutes in Melbourne

We are still seeing at least one Million-plus home bought every ninety minutes in Melbourne
Volume: Has a lot changed in Million Dollar Melbourne between April 2010 and April 2011? Well, yes and no. April 2010 had around the same number of REIV reported $1m+ sales (maybe a 10% variance with the chance of late reported April 2011 sales to bring the April 2010 and April 2011 numbers closer together) [...]
Thinking about a break rather than bidding

Thinking about a break rather than bidding

Quiet day for us all this weekend at the million dollar level. Has been a great year for buyers so far, long may it continue. Have a safe and happy Easter and enjoy the time with your family – Kristen. John Clarkson, Hocking Stuart, Brighton: “Certainly buyers will not feel as dominant post Easter due to [...]
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 [...]
At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

At 64% the fickle Stonnington is holding its own at auction – however a number of big ones are not getting sold through other methods of sale

Key Points: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically. Nobody bid at the 19 Kingston St Malvern East auction (Iain Carmichael) at $4,250,000 but 2 bidders emerged post auction and fought it out afterwards to a price well in excess of the reserve and well in [...]
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 [...]
Very solid with 13 from 17 being bought today or 76% Clearance

Very solid with 13 from 17 being bought today or 76% Clearance

Key Points: Port Phillip the star performer today and especially solid in that early one million bracket Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below Agent Q & A:“What is your take on the Economist’s article that Australian [...]
Finishing Spring stronger than it started.

Finishing Spring stronger than it started.

Key Points: We covered 8 auctions in Bayside – not one was bought under the hammer but half sold after auction. The biggest sale was recorded at 4/23 St Ninians, Brighton (Stewart Lopez of Kay and Burton), which was bought for $4,825,000. The biggest pass in was at 29 Sussex, Brighton (Greg Costello, RT Edgar), $3,350,000, no bidders Agent [...]
Three more home shopping weeks till Christmas

Three more home shopping weeks till Christmas

Agent Q & A: In terms of real estate, what has happened this year and what do you expect will happen next year? Tom Kurtschenko, Barry Plant, Eltham: 2010: “Early in 2010 we witnessed unprecedented growth in the local markets with strong buyer demand for all types of property.  Particularly the lower and middle end of [...]
Bounce-back – well a bit anyway. Overall quality below average

Bounce-back – well a bit anyway. Overall quality below average

Key Points: Clearance Rate this week on the almost 50 auctions over $1 million we monitored was 58%. Not the usual we would expect in this area, but a lot better than last week. Stock quality on offer was below average, so this weekend represented a bit of a bounceback. Only three properties priced at more than [...]
Property vs Shares

Property vs Shares

You may have seen an advertisement recently talking about the benefits of Shares Vs Property. Essentially the advertisement comes to the conclusion that “shares can work harder than property only with a lot less work”. The ad compares the results of investing $31,000 in 1993 either in a diverse range of Australian Shares or used as a [...]
Clearance Rate dips to 54%

Clearance Rate dips to 54%

Key Points Clearance rate lower than expected 4 out of 5 properties over $2,000,000 passed in A number of no bid auctions which we haven’t seen for some time in Boroondara 6 out of 7 properties in Balwyn North between $1,000,000 and $1,500,000 were bought Price Watch 10 Leslie St Hawthorn with Chloe Quinn of Jellis Craig was bought for at [...]
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.
SMSFs and the Power of Leverage

SMSFs and the Power of Leverage

In our last article we talked about the possible tax benefits when investing in property through a self managed super fund (SMSF). While taxation is undoubtedly an issue, and holding your investments within the most appropriate tax environments is vital to ensuring you maintain your wealth, today’s article will focus on one of the most [...]
Mixed Bag – 55% Clearance Rate but still 13 properties over a million bought in the week

Mixed Bag – 55% Clearance Rate but still 13 properties over a million bought in the week

Of the 5 homes we reported on today, 3 passed in and the other 2 were bought under the hammer. Yes inconsistent, like your footy team winning a big match and then next week losing to a lower team. Not sure where we are going in Glen Eira. Yes prices are easing under the strain of [...]
The Truth about BOOM! Suburbs

The Truth about BOOM! Suburbs

There is always a great deal of talk about “Boom” suburbs! The media love it, some so-called property experts love it, and it is a hot topic at dinner parties. “Where are property prices going to BOOM next? ” The word “boom” creates a buzz and gets everyone’s attention Unfortunately, a ” boom suburb ” can be like a [...]

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