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Market News » Top End


Are we boring you? Top end prices are still drifting down, clearance rates are 50/50. However, crowds were out in big numbers, with more than a 100 people at 6 out of 31 auctions. And there were four volcano (4+) auctions. So when the price star, the position star and the property star are aligned – it can still be Whammo.

Are we boring you? Top end prices are still drifting down, clearance rates are 50/50. However, crowds were out in big numbers, with more than a 100 people at 6 out of 31 auctions. And there were four volcano (4+) auctions. So when the price star, the position star and the property star are aligned – it can still be Whammo.
The Double H Price Disease – History & Hope

The Double H Price Disease – History & Hope

At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
Market picking up, but still lacking depth

Market picking up, but still lacking depth

At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended. The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
Stonnington Weekly

Stonnington Weekly

Mid Year Report: You know what? Three cheers for Stonnington: because if it weren’t for Toorak through to Armadale there wouldn’t have been much to cheer about now at the top in 2012. The $M+ market in Boroondara and Bayside and Port Phillip has been noticeably on the nose in 2012 when it comes to positive trends [...]
Bayside Weekly

Bayside Weekly

Mid Year Bayside Report The Top of the Top End market right now in Bayside is on life support, as it is barely breathing. This year I can think of only one sale over $5m in Bayside, and that was Marshall White’s $7.77 million sale on Brighton’s Golden Mile last month. Compare this to Stonnington and [...]
The Winter of Waiting?

The Winter of Waiting?

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 [...]
May ends with the biggest auction of the year – but turnover down going into Winter

May ends with the biggest auction of the year – but turnover down going into Winter

End of Autumn in a nutshell: Some life at the Top of the Top End with sales over $7m under the hammer at Seacombe Brighton (John Bongiorno) and Mayfield Malvern (Gerald Delany) and through private sale at Domain South Yarra (Andrew Baines) and Hampden Armadale (Jeremy Fox). This follows on from last month’s 5 sales circa [...]
The market continues to perform as a market should. There is interest in many of the Top End homes – as proven by two more homes bought for over $8m this week. It’s just, in many cases, taking a long time for two opinions to become one.

The market continues to perform as a market should. There is interest in many of the Top End homes – as proven by two more homes bought for over $8m this week. It’s just, in many cases, taking a long time for two opinions to become one.

The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

The Top End has definitely picked up (in activity – not price) – after Easter new stock is low

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 [...]
A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

A strong-ish start to the Top End after The Cup – but a lot of stock is now here and more on the way. Getting tougher as the month goes on!

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 [...]
The market mightn’t appear great on paper but quality well-priced Top End properties are still selling well. Those that aren’t, are so far away from a sale it’s not funny. Big price drops are happening for those that price incorrectly and are then finding they have to sell a few weeks later.

The market mightn’t appear great on paper but quality well-priced Top End properties are still selling well. Those that aren’t, are so far away from a sale it’s not funny. Big price drops are happening for those that price incorrectly and are then finding they have to sell a few weeks later.

It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

It’s Expression of Interest Time @ $3m+ – The Tennis Court Mexican Wave is in.

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 [...]
How to Value the Top End in this market

How to Value the Top End in this market

Recently we gave a talk to more than a hundred high net worth individuals at the Sandringham Yacht Club for Peter Wilson of Godfrey Pembroke where we involved the participants in a hands-on exercise that introduced them to “valuing” high end homes. There were three steps to the process. First we asked them to give [...]
Take away the really good Top End properties that are spiking and it continues to be very much a low stock, “nothing” market.

Take away the really good Top End properties that are spiking and it continues to be very much a low stock, “nothing” market.

Part of the Top End market is price spiking and severe quality stock shortage is the cause. However it’s very much a two faced market with A Grade prices hotting up and B Grade prices cooling down. For buyers the big September 2011 questions are: How much will I offer? How strong (if any) will my competition be? Is my target home an A or B grader?

Part of the Top End market is price spiking and severe quality stock shortage is the cause. However it’s very much a two faced market with A Grade prices hotting up and B Grade prices cooling down. For buyers the big September 2011 questions are: How much will I offer? How strong (if any) will my competition be? Is my target home an A or B grader?


Inside James Market News