BY Mal James 21st March 2020
The Very Strong
4 bidders – Volcano – $4,322,500 – 23 Duke Street, Kew – Walter Dodich
This was a home we were intimately involved in the sale management of from start to finish and it was brilliantly sold by Walter Dodich. He priced it well, marketed it well and auctioned it well.
Whilst it got slightly more [...]
BY Mal James 29th February 2020
What a difference a week makes and who can figure – go figure.
Last week the Inner Melbourne Clearance Rate was 59%. This week, after the biggest economic fall since the GFC, it’s 81%.
Bidderman has gone up from 1.6 to 1.8 on 42 auctions.
Volcanoes have doubled to 20% (last week 10%) and ducks have halved to [...]
BY Mal James 22nd February 2020
G’day and welcome to “The Opening Market 2020”. Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear.
You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
BY Mal James 1st June 2019
May 2019 Market Summary – brighter outlook on very low stock levels
Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1).
Three simple things have come out of the coverage.
One: Everybody expected bad – that’s why there were so few auctions. [...]
BY Mal James 25th May 2019
At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing.
In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep.
Evidence – clearance rates are on the improve and the hammer rate (homes [...]
BY Mal James 18th May 2019
Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.
We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
BY Mal James 25th November 2018
9 am \ Surrey Hills
Day started with a visit to an off-market home in Surrey Hills. This home has been for sale for over a year. Why? Price. To be an A-grade property you need to have all three Ps – good Property (building), good Position (land) at a good Price (market). This home had two out of three.
In [...]
BY Mal James 8th September 2018
At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8).
Last week our heading was Wipeout – it was a shocking day on the streets (31%) – today (66%) the results are a bounce back to the previous week (61%) [...]
BY Mal James 5th August 2018
Today was the clearest spring buying and selling lessons any us, be we buyer or seller or both, will get before Christmas.
With the auction machine still cranking up its engine, we covered a few spring early bird auctions today – eight Top End auctions in total – summary in the Volcanoes and Ducks graphic above – [...]
BY Mal James 24th July 2018
With the key property drivers of the 2000’s:
Migration
Chinese Students
Easy Bank Money
Negative Gearing (Interest only loans)
Lack of Infrastructure
being “attacked” politically from all angles (many would say this is a good thing for our young / community to at least pause and consider), the market is showing signs of and has the potential for major structural change.
Forget [...]
BY Mal James 12th May 2018
At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered.
Bidderman was up a skerrick to 1.6 bidders per auction [...]
BY Mal James 5th May 2018
It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test.
It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
BY Mal James 28th April 2018
A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which sold for $2,750,000, John Morrisby.
Contents:
1. Under the Hammer
2. Is Now a Good Time?
3. Dr. Good Strategy
4. Around the Grounds – Auction Reports
5. Market Fresh – one-liners on 25 Top [...]
BY Mal James 2nd March 2018
Week One:
Value is not a number, it is a feeling.
Price has no emotion, no conjecture, it’s factual.
Price is not value and value is not price.
I buy a number of family homes for people – perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
BY Mal James 17th February 2018
There seems little doubt the market has started a lot better than it finished last year.
However, all is still conjecture until the market has spoken over our 3 week James 100 Auction Market Test which will be conducted on Feb 24, March 3, skip long weekend and then March 17th.
Pre Christmas, the market was as flat as [...]
