BY Mal James 16th June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
BY Mal James 21st April 2012
Saturday April 21st: 22 South Road Brighton (Peter Hickey) Bought After $3,255,000
James Auction Report: Thought I would come to see the only $3m auction on offer today – that is if it is actually gets $3m+. Auctioneer Mark Earle strides out in front of a crowd of around 60 and launches into a synopsis of [...]
BY Mal James 31st March 2012
Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter.
But to keep some perspective [...]
BY Mal James 27th November 2011
Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
BY Mal James 29th October 2011
October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts.
The Question: After [...]
BY Mal James 24th September 2011
Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]
BY Mal James 6th August 2011
Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker. And really, what else could you have expected!
At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse.
The Weekly Review Bidderman, [...]
BY Mal James 2nd July 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
BY Mal James 30th April 2011
Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends.
Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
BY Mal James 16th April 2011
At 6pm on Saturday the James Clearance rate for $M+ was 57% on the 30 auctions we attended. That was well down on last week’s cameo of excitement, but understandable giving the quality change between this week and last week at the Top End.
Bidderman, our demand indicator, was 1.5 bidders per auction. However the quality [...]
BY Mal James 16th April 2011
With not much on offer this weekend, only one over $3m ( Steve Abbott – 68 Hopetoun Rd, Toorak) and minimum quality at the lower end, my thoughts turned to family, holidays and the Pies. Winter will be a time of continuing opportunity, but as buyers we will have to work hard to find them. [...]
BY Mal James 9th April 2011
At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month.
Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
BY Mal James 9th April 2011
Key Points:
A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought.
Although there was a lot on offer – it was a mixed bag quality wise.
If there is such a thing the good home clearance rate index would have shown a better result than the [...]
BY Mal James 2nd April 2011
Key Points:
Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter. 19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
BY Mal James 2nd April 2011
At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
