oc | Sunday 15th December

Market News » Toorak


Spring has Sprung & Top End Market is Lifting

Spring has Sprung & Top End Market is Lifting
  The first week of September was all about the Federal Election. Auction activity returned to full swing on September 14. There were four auctions in Melbourne over $3m. See details below. Week Ending September 14, 2013 Biggest Auctions: Toorak, 10 Yarradale Road, Tim Derham (Abercromby’s), under hammer, $4,840,000, 4 bidders 80 or so are comfortably gathered in the backyard [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This week our enquiry has predominantly been in the up to mid $1 million range – and what a competitive segment this is, in all parts of Stonnington! We bought a single-fronter in Malvern East at a Boardroom auction on Wednesday (with three active bidders) that had been scheduled for auction on Saturday (Daniel [...]
A dozen properties bought-before – that’s a change!

A dozen properties bought-before – that’s a change!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 77% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9 – back up to bordering on strong! In terms of bidder demand at auctions, the breakdown was: Ducks (no bidder auctions) – 26% Lone Rangers (1 [...]
This price segment is starting to rise

This price segment is starting to rise

Week Ending 18th May Off-Market Special This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector. Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
Stonnington Weekly

Stonnington Weekly

With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%. Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
It’s official: the Top End is moving, with 40+ buys this month

It’s official: the Top End is moving, with 40+ buys this month

Week Ending 23rd March – We are now seeing The A graders are having multiple bidders – look at the number of volcanoes The B graders are getting mopped up – check old stock records The C graders are being considered by those [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
Lets look at the $3m+ – how is it going?

Lets look at the $3m+ – how is it going?

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8. Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2. Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot This weekend has been the first real test of the market this year, with a solid number of $1 million plus homes bought to auction in Stonnington. But it’s been more about auction numbers rather than quality of choice. We’ve been seeing mostly low level quality stock and lower priced stock, and the good [...]
The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

The market feels OK for now and last year’s positiveness seems to have continued. But stay tuned, it’s early 2013 days.

East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
Stonnington Weekly

Stonnington Weekly

This year seems to have started where it left off – with a sense of buyers wanting to transact. Stonnington Snapshot Last year we did almost a third of our business for the year in the last 6 weeks of the year. In fact, we worked on deals till Christmas. Of particular interest were a [...]
Stonnington Weekly

Stonnington Weekly

This week around the traps – the men and women at Kay and Burton were out in force on their quiet and off-market sales Armadale, 14 Myamyn St (Gowan Stubbings – Kay and Burton), this was sold for the mid $3 millions in 2009, and changed hands again during the week for towards the mid $4 [...]
The bounce is continuing in the later spring market.

The bounce is continuing in the later spring market.

At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market. $M+ Clearance Rates: Boroondara – 88% on [...]
As we leave 2012 the Top End is officially off life support!

As we leave 2012 the Top End is officially off life support!

2012 Summary The talk was all doom and gloom at the start of 2012 after a bad finish to 2011 by the market. This talk flat lined the Autumn market with basically no action whatsoever, save a surprising burst around Easter with 5 at $10,000,000 changing hands. We went into Winter in a downward spiral with [...]

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