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Market News » Toorak


WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Boroondara Weekly

Boroondara Weekly

Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, Brighton, Hawthorn or is it Albert Park? These are very influential suburbs and more expensive than the suburb we think is Melbourne’s most influential land value suburb, but it is not any of these. No, Melbourne’s [...]
The Top of the Top End has begun with a Volcano Vapour Trail

The Top of the Top End has begun with a Volcano Vapour Trail

Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating. 4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]
Stonnington Weekly

Stonnington Weekly

11 Maple Grove, TOORAK ‘A sizeable crowd for a sizeable home’, auctioneer Andrew McCann quips. Calling it the best home on the market at present, he advises that this six-bedroom six-bathroom home offers abundant choice. Calling it a ‘lifestyle property’ he opens up the bidding. Immediately a buyers advocate offers $7,000,000. Mr McCann calls for $100,000 [...]
Apartments

Apartments

This week, we have focused on townhouses, as most buyers consider both simultaneously  – at least at the beginning of their search. Making a decision to move to an apartment or a townhouse? Are you asking the right questions? By John Hazen After living in a house on a suburban block for most of their lives [...]
The Top End of Town – November 2014

The Top End of Town – November 2014

Week Ending November 22 The Very Top End of Town in 2014 Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER. In the last month we have purchased 13 [...]
Slight breather today – nearly 50% of auctions with only 1 bidder

Slight breather today – nearly 50% of auctions with only 1 bidder

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 1.9. Both Clearance Rates and Bidderman are down on the results we saw prior to the Melbourne Cup. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ [...]
October Top End Market

October Top End Market

Week Ending Saturday, October 25 James Buyer Advocates are busy: Number of auction homes involved in buying this week was well into double figures. Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
Apartments

Apartments

Apartment Action Now that the usual winter hibernation is over for the apartments market (for most builders and most bidders) we have seen some good sales for apartments this early Spring – sales of apartments which are set apart from most with some sort of Wow, a big or small emotional factor. Supply and demand for apartments [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

Week Ending Saturday, September 13: Market Summary The Market is splitting as it normally does when adjusting to the Spring Influx of properties. This week the market has sent buyers and sellers two very clear messages. If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m  range, then you have [...]
Apartments

Apartments

Apartment buyers and sellers can act like American grizzly bears. They hibernate for winter then wake and stretch for a little while and then, in Spring, they come out and get down to action. Now, here we are in September and there have been very few high quality apartment sales over the last few months as [...]
Inner City and Northern weekly

Inner City and Northern weekly

Has Spring Arrived Early? It felt hot out there today and indeed we felt the build-up during the last week or so. Today we bought 2 at competitive auctions (low $1m’s and low $3m’s) bought at Off-market circa $4m, missed at one of the longest bidding auctions I’ve been to (at the mid $2m’s) and during the [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
The market is back and the signs point to strength

The market is back and the signs point to strength

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. This weekend’s first run of the high end auction market after a good spell in July saw a “strongish” start on limited [...]
Last auction hurrah before winter sets in

Last auction hurrah before winter sets in

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 63% on the 27 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8. Both figures are down on last week. In contrast to last week’s strong results and high number of bidders, we were [...]

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