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Market News » surrey hills


Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.
Key Points: Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
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.
Still rockin’ along – bidders at all auctions

Still rockin’ along – bidders at all auctions

Key Points: Balwyn 23 Bevan, Richard James & William Chen. Quote $3,300,000 to $3,600,000. James Home Rating 742/1000. Bought After Auction Around $3,500,000. Bidderman 1. James Video Auction:  https://www.marketnews.com.au/video/?vid=316 Hawthorn 24 Coppin, Jock Langley. Around $9,000,000 Private Sale. This basic house, on an acre on the river in Hawthorn’s river precinct, has been on the market for well over [...]
Some sustained stock levels and clearance rate easing. But Bidderman is still strong.

Some sustained stock levels and clearance rate easing. But Bidderman is still strong.

Key Points: We covered 11 auctions across Boroondara on Saturday. Of those, 4 sold under the hammer, and 4 were bought after. Bidders on all bar one auction. Big crowd increases. The biggest auction of the day was 42 Wattle Valley Rd, Canterbury (Richard Winneke of Jellis Craig), which had an after-auction sale price in excess of $3,400,000 and [...]
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 [...]
As expected – those that price correctly sell – those that don’t, won’t! However, if you are a buyer this price window doesn’t feel like it has any great permanence.

As expected – those that price correctly sell – those that don’t, won’t! However, if you are a buyer this price window doesn’t feel like it has any great permanence.

As we approach the shortest day of the year, we saw a record number of auctions in Boroondara on Saturday (compared to equivalent weekends in past years). Given the large supply, the market seems to have  some resilience. In fact, there is so much going on that  many key agents are delaying their traditional mid-year holiday by [...]
Under the sheer weight of numbers Melbourne’s jewel has finally succumbed (for the moment?). But Land is still Gold!

Under the sheer weight of numbers Melbourne’s jewel has finally succumbed (for the moment?). But Land is still Gold!

Today was a watershed day for the Boroondara market – a day when the market could no longer gorge the incredible amount it has been gorging (for the last six months). Today was a real (excuse me, while I burp) I just can’t fit in anymore kind of day. Today the Boroondara market which has been [...]
Strong Clearance Rates considering the big numbers of auctions. Yes it has eased, but Bidderman still looks to have some legs.

Strong Clearance Rates considering the big numbers of auctions. Yes it has eased, but Bidderman still looks to have some legs.

In contrast to last week, we saw all 9 properties we covered over $1,000,000 today, sell.   Three sold before auction, 3 sold under the hammer and 3 were bought after.  That’s a 100% clearance rate and Bidderman was back up to two. Five of the nine properties had two or more bidders.  Richard Jellis of Jellis Craig [...]
Buyers you have choice, opportunity and reduced prices! Any complaints?

Buyers you have choice, opportunity and reduced prices! Any complaints?

A solid day today in Boroondara – or so it felt. Of the 8 auctions we covered,  5 sold and 3 passed-in giving a 63% clearance rate. Bidderman was at 1.75 which is still quite good (for what it is worth we did see  8 vendor bids – these are starting to come into play more now as buyer [...]
There does seem to be some East easing. Price that is. Last month land was gold; now bidding buyers are the new gold.

There does seem to be some East easing. Price that is. Last month land was gold; now bidding buyers are the new gold.

Although major Boroondara agencies were reporting around 75-80% clearance rates this seemed incongruous to what we saw. The clearance rate on reported auctions including Glen Iris was 68% down from 75% last week. This we calculated on the 43 reported auctions (we had 53 scheduled in our records).  Of the seven auctions we covered today – only one sold under [...]
The story was not today – it was as expected. The $M+ story was in the last few  weeks since the pre Easter Super Saturday. At least 170 homes have been bought over $1m in Melbourne. Some examples: Balwyn (5); Brighton (7); Caulfield (11); Docklands (3); Eaglemont, Elsternwick and Elwood (4 each); Hawthorn East (5); Malvern (5); McKinnon (3); Melbourne (5) and how about Mounts Eliza and Martha (6 between them); Surrey Hills (4) and Williamstown (4). This is Melbourne’s Market Mood right now.

The story was not today – it was as expected. The $M+ story was in the last few weeks since the pre Easter Super Saturday. At least 170 homes have been bought over $1m in Melbourne. Some examples: Balwyn (5); Brighton (7); Caulfield (11); Docklands (3); Eaglemont, Elsternwick and Elwood (4 each); Hawthorn East (5); Malvern (5); McKinnon (3); Melbourne (5) and how about Mounts Eliza and Martha (6 between them); Surrey Hills (4) and Williamstown (4). This is Melbourne’s Market Mood right now.

Is Help On the Way? We hope so, but don’t think it’s coming in a hurry!

Is Help On the Way? We hope so, but don’t think it’s coming in a hurry!

It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 38 Auctions we attended today was 74%; basically no change on the 77% ( pre Easter Super Saturday -March 27). Bidderman was down from to 3 to 2.3 bidders per auction but that is still very strong all things considered (stock quality and Easter holidays). Market Mood Today was [...]
Bidderman Big in Boroondara

Bidderman Big in Boroondara

Although the sun was not really out, the bidders certainly were, with most properties over $1m selling in Boroondara today. Bidderman was strong at many auctions and there was no shortage of them. Talking to Richard Winneke from Jellis Craig this afternoon, the market, he believes, has gone up at least 10% since the end of [...]

Inside James Market News