oc | Thursday 23rd January

Market News » value


70% clearance rate on solid auction numbers – strong and steady

70% clearance rate on solid auction numbers – strong and steady
Well, the Boroondara auctioneers and campaign agents certainly earned their keep yesterday in the hot and blustery conditions that are fairly typical of late summer Melbourne weather. Of the 10 auctions we reviewed, 6 sold and, overall, the $1m clearance rate was around the 70% mark, which is reasonable one would say, given the weight [...]
No mystery here, agent pricing continues to be too high – 46%

No mystery here, agent pricing continues to be too high – 46%

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Transactions are mainly forced rather than joyous ones, but they are happening – with Sandringham the best Top End performer this week (away from auctions) – 64%

Transactions are mainly forced rather than joyous ones, but they are happening – with Sandringham the best Top End performer this week (away from auctions) – 64%

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Bayside – Low levels and mostly unexciting stock so 56% is an even result.

Bayside – Low levels and mostly unexciting stock so 56% is an even result.

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Actually that’s pretty impressive – 83% clearance

Actually that’s pretty impressive – 83% clearance

The auction market in Boroondara today was a bit like taking your first steps into the ocean – measured and tentative. While the clearance rate turned out to be quite impressive with the auctions we visited – 83% is strong in any language – the bidders were few and far between. In total 7 bidders [...]
Solid start on low numbers  – 75% clearance

Solid start on low numbers – 75% clearance

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Whoops! Seems someone forgot to tell buyers auctions had started again – 20%

Whoops! Seems someone forgot to tell buyers auctions had started again – 20%

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
As it has been for much of the latter part of 2011 – a failure to connect the parties!

As it has been for much of the latter part of 2011 – a failure to connect the parties!

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Finishing the year out of puff!

Finishing the year out of puff!

Patchy results yesterday, with most auctions either passing in or had limited bidding. It certainly seems to be a testing time for selling agents and, for buyers, there seem to be many options. Of the eight auctions we attended, five sold on the day yesterday.  I did note that a few properties that have been [...]
As it has been for most of the year – limited excitement

As it has been for most of the year – limited excitement

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Not a lot of good stuff on offer – beginning the wind down to Christmas

Not a lot of good stuff on offer – beginning the wind down to Christmas

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
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 [...]
Island in a storm – vendors must be listening to their agents again – surprisingly strong number at 67%

Island in a storm – vendors must be listening to their agents again – surprisingly strong number at 67%

  This week was… hold that thought for a moment please. It was good to be back in Stonnington today despite the need to navigate around the slippery tram tracks in the rain. As usual during these past couple of months, the auctions I witnessed were well attended with friendly neighbourhood conversation amongst the crowds and [...]
Bayside – High end Brighton is not happening (outside the Golden Mile) and because of the continuing number of pass-ins, buyers are increasingly nervous – what is the right price – is it a bit less or a lot less – 35%

Bayside – High end Brighton is not happening (outside the Golden Mile) and because of the continuing number of pass-ins, buyers are increasingly nervous – what is the right price – is it a bit less or a lot less – 35%

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]
Under weight of stock numbers Boroondara continues to ease – 43%

Under weight of stock numbers Boroondara continues to ease – 43%

James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect [...]

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