With serious numbers of auctions not starting ’till the end of the month, this week has been about pre markets, off markets and continuing to assess the market temperature.
As you can see throughout this report, we are out and about and reporting from around the grounds, on the streets, about things that are happening.
And things, even at [...]
Hello everybody for 2018!
As is our tradition, it’s a decidedly lightweight first-up Market News, as we ease our way back into the saddle. Giddy-up!
Today was the first serious day of opens and we have started the year with a some impetus having bought two homes already; contrasting with the flat feeling the market left for most buyers late [...]
End of Year Bumper Edition Contents:
Yesterday’s Rout
2017 Year in Review
Younger People’s compassion and tax problem
Around the Grounds
Scotch College’s curious auction strategy
Emotion v $ when deciding on a home
Transparency
The “Reserve” malaise widens
Ralph Carr and Dustin Martin
Thank you’s
2017 – Top 5 Reads at James Market News
Next Edition
It’s never as good as it seems and it’s never as bad as it [...]
Contents
1. Hammer Watch – Quoting / Underquoting
2. Final Word on The Block and “Dummy Bidding”
3. Inside James – Bumper 5 Stories this week:
Don’t buy it – better a missed opportunity than a mistake
Build family wealth over individual wealth
Handing back a fee to a client – and it hurt – hurt a lot.
Pricing Heritage – pricing covenants [...]
The Block Articles in excess of 15,300 reads
The heartbroken buyer, who followed the rules, was the winning bidder only to be cheated out of it. Every Saturday Melbourne buyers ask, what more could they have done. Above the quote, above the reserve, highest bidder, followed the CAV and the auctioneer read out rules and they didn’t [...]
STOP PRESS 9.00PM SUNDAY NIGHT
Congrats to Josh and Elyse, great win on The Block and well done to all the other contestants.
I like watching The Block Grand Finale normally – but
Are you serious Scott, CAV, Frank and Nicole?
Was I watching a real show or Hollywood (where there are no rules)?
If there are no rules, what [...]
At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 72% on the 32 Inner Melbourne $M+ auctions we covered.
Combined with James Bidderman (bidders per auction) @ 1.8 on increasing auction stock numbers.
The Clearance Rates are now matching Bidderman – they are easing and have been doing so since winter.
The stats are becoming consistent – a trend – the beginning [...]
This weekend on one of the quieter October Auction Days, we were involved in two auctions – one we bought and one we missed.
We bought 307 Beaconsfield Parade, Middle Park (Simon Gowling), under the hammer with 2 bidders @ $6,370,000.
We missed 40 Berry Street, East Melbourne (Paul Caine), under the hammer with 2 bidders @ $4,550,000.
It was a [...]
Contents October Market Start Edition
1. October Market Start
2. Inside James – An incredible story from Malvern East to Tanzania
3. Game Changer – Stonnington Heritage Reversal
It (usually) attracts more than a Grand Final,
a bigger array of stars than the Cup Carnival – the results are more telling than the Bathurst 500: that’s what Super Saturday, October 28th will represent to [...]
Spring Summary: To say the market is as strong as six months ago, or this time last year, would be a wrong call.
As an across the board statement, it would be the wrong call, to state or assume the overall Inner Melbourne Family Home market is definitely on the way down, as there is still no [...]
At 6.00pm Saturday the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 81% on the 34 Inner Melbourne $M+ auctions we covered.
Combined with James Bidderman (bidders per auction) @ 1.8 on lowish auction stock numbers.
The Inner Melbourne Top End market is now consistently tracking below 2 bidders per auction in Early Spring. This is a major shift in bidder [...]
At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 81% on the 36 Inner Melbourne $M+ auctions we covered.
Combined with James Bidderman (bidders per auction) @ 1.7 on lowish auction stock numbers.
Is the market on a turn? As we said last week, for the first time in a long while, the ingredients [...]
At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 77% on the 30 Inner Melbourne $M+ auctions we covered
Combined with James Bidderman (bidders per auction) @ 2.2 on lowish auction stock numbers.
Overall not a stellar start to spring; of course far from a shocker either on the above stats – the stock wasn’t that [...]
Let’s look at Underquoting and Patrick Dangerfield – both have been in the news lately.
This week I read an article, it was on underquoting. It worried me where it was going – it read like a showbiz article and not like what we have been seeing with Underquoting since May.
We are seeing that agents have collectively, made massive [...]
The AUCTION MARKET will begin to ramp up over the next few weeks – this week’s James Market Insights are about early indications of the market – which we feel remain strong.
This week in James Insights
Stonnington – we report on 3 Top End auctions and give you a value analysis of each.
Bayside – we cover 2 Winter sold Top [...]
