oc | Sunday 8th December

Market News » value


Is creating fear the answer, maybe addressing the issues is a better solution.

Is creating fear the answer, maybe addressing the issues is a better solution.
At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement continued its impressive run at 2.4. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 11% Lone Rangers ($M+ auctions with one bidder) [...]
Glen Iris gain a $million – Southbank lose a $million – Simply your decision

Glen Iris gain a $million – Southbank lose a $million – Simply your decision

Over the next two months in James Masterclass (www.james.net.au), in association with THE AGE Domain and The Weekly Review, you will see as a young person how you can make decisions that will put a million dollars into your pocket by doing nothing other than simply making a decision. A good one that is. Recap Week One. 3 [...]
Young buyers – here is a guaranteed million dollars – no charge.

Young buyers – here is a guaranteed million dollars – no charge.

The Age. Weekly Review, James Buyer Advocates Young Homebuyer series is designed to take homebuyers through the entire homebuying process from the inside. The article series has become the biggest read online series of its type. It has been been published throughout Australia and internationally. It continues on from James Home Ratings – an industry standard in [...]
After a few quieter weekends, this one was a major volcanic eruption!

After a few quieter weekends, this one was a major volcanic eruption!

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at a whopping 2.6. Only twice this year can we remember it higher. Sure it’s only one day, and maybe it’s the weather, but [...]
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 [...]
Inner City and Northern Weekly

Inner City and Northern Weekly

Inner City People love these Inner City areas for their condensed urban profile, which is great for convenience and proximity to the city, but brings with it a different type of living. For example, buyers here are prepared to trade off the possibility of noise for the reward of being in the action. Car parking is [...]
Off-markets and the Duck Test

Off-markets and the Duck Test

Off-markets and the Duck Test On the subject of off-markets, we buy a fair number – but we reject an awful lot more than we buy. For the inexperienced buyer, many off-markets are not what they are cracked up to be (by the agents). A number of inexperienced buyers are lured by the romance of an off-market [...]
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 [...]
Apartments

Apartments

Apartment Action – What’s it worth? Most of us would agree that two similar houses in the same street normally sell for about the same price, so why doesn’t this happen with apartments? With the houses, we can see if the land is about the same size and, although the price may vary a bit to [...]
Bayside Weekly

Bayside Weekly

There were mixed results last weekend, which was also a ‘Super Saturday’.  Bidderman dropped to an average of 1.7 bidders per property and whilst this is not alarming (it is only the fourth weekend we have covered this year that has averaged under 2, and the other three were on lesser quality, low stock weekends), [...]
Super Saturday..Again!

Super Saturday..Again!

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 74% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.9. Next weekend there will be a break with the Queen’s Birthday weekend, leaving us only two auction weekends until the June/July school [...]
Negotiating with Liars

Negotiating with Liars

Lies or perceived lies are endemic within the Melbourne Property market. Many dinner party conversations include the “fact” that some real estate buying and selling agents are liars and whether that is true or not is irrelevant, as many people believe it to be so. Lies can be very hurtful and we all want to avoid [...]
Market back on the boil – for now

Market back on the boil – for now

At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. Both measurements are solidly up. Overall Summary of Melbourne’s Million Dollar Plus Auctions: Ducks ($M+ auctions with no bidders) 16% Lone Rangers ($M+ auctions with one [...]
Step (Under/Over + Skilled) Quoting – Black or Noble Art?

Step (Under/Over + Skilled) Quoting – Black or Noble Art?

First Published September 2011 – republished September 2012, and again May 2014: Agent Step Quoting is a contentious part of our industry: It’s how selling agents nudge buyers up the staircase towards a price their clients are hoping for. Done badly it can make buyers feel cheated and manipulated and invite accusations of under-quoting. Done [...]

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