oc | Monday 19th April

Market News » Another Point of View


There was a real loathing from buyers today as they did what they had to – pay more than eight weeks ago.

There was a real loathing from buyers today as they did what they had to – pay more than eight weeks ago.
It’s 6pm Saturday and we have been to 16 auctions (less than usual because there is a real shortage of $1 million-plus auctions that are worthwhile covering) and the James Clearance rate is 81 per cent. Please note our Chinese translation and Wormy to the right (our price opinion and a general guide [...]
The crowds were out and the Quoting Question hots up.

The crowds were out and the Quoting Question hots up.

It’s 6pm Saturday and the James Clearance Rate stands at 59 per cent on the 27 auctions we attended. Yes, a drop-off from past weeks, but there should be a mop-up over the next week and, if there is, then it’s more of the same in a warming market. Please note James Market News is now translated into Chinese [...]
In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

The James Clearance rate stands at 83 per cent on the 23 auctions of million-dollar-plus properties we attended today. Please note James Market News is now translated into Chinese by Su who now works with us and can be viewed by clicking button to the right of this column. This weekend, we thought you may be interested to read part [...]
It didn’t feel a weaker market but more pass-ins today.

It didn’t feel a weaker market but more pass-ins today.

It’s 6pm and the James Clearance Rate stands at 63% for Melbourne’s million-dollar-plus homes. It’s down from last week, but it’s a stat that doesn’t truly reflect the market right now, as the market hasn’t dropped its intensity of the past few months. All markets reflect human needs, wants and desires. Today’s drop [...]
I know for an outsider it’s hard to believe but the market is getting hotter right now.

I know for an outsider it’s hard to believe but the market is getting hotter right now.

It’s 6pm Saturday and the James $1 million-plus auction clearance rate was over 86% on the 22 auctions we attended. 86% on 22 auctions – hello. It’s hard to believe we are supposedly in a recession. Hard to believe indeed when you’re standing across the room from one of your experienced competitors Chris Koren [...]
The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

It’s 6pm Saturday and the James $1 million-plus clearance rate is 77%. The market seems healthy at present. Today’s Herald Sun said the market had fallen in price and that is correct; however, if there was meant to be an implication that the $1 million-plus market is today dead or in the [...]
Buyer Psychology 101

Buyer Psychology 101

At 6pm Saturday, as we go to press, the James Clearance Rate stands at 50% from the 20 we reviewed and attended. Some interesting results below. This result is slightly weaker than expected after last week’s stronger than expected results and shows how this current $1m+ market is on a stock level edge. More available stock and [...]

Inside James Market News