BY Mal James 25th April 2020
Executive Summary: Improve our economic situation immediately at NO ADDITIONAL COST to governments through a property market improvement.
3 key components of actionable demand, as opposed to underlying demand where friction and barriers lie:
Belief,
Trust and
Money
3 property market lubricants – the WD-40 if you like – that will reduce friction/barriers thereby encouraging underlying demand to move to [...]
BY Mal James 19th September 2019
Opinion
This is a response to Kristin Stegley’s (The Age Sep 17th) and the Age editor’s (Sep 3rd) articles. I respect their positions and I respect the opinions expressed.
However, I do not support The National Trust and Melbourne Metro Council’s heritage protection orders going onto on individual homes if the owner is in disagreement.
Background
What is [...]
BY Mal James 5th August 2016
BY Mal James 21st November 2015
Special Edition – James International Demand Report for Inner Melbourne $M+ housing
Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market.
James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
BY Mal James 30th August 2015
$3m+ is James Buyer Advocates bread and butter. We find the $3m+ market is normally a lot looser than the $1m+ market; meaning results vary more widely. This occurs for two key reasons:
1. Sellers have more flex on whether they will sell or not and often demand big prices and just wait – sometimes they [...]
BY Mal James 18th April 2015
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1.
Market Summary – Market News Lite Version
There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
BY Mal James 14th March 2015
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats.
Overall Summary of Melbourne’s Million Dollar-Plus Auctions:
Ducks ($M+ auctions with no bidders) 15%
Lone Rangers ($M+ [...]
BY Mal James 24th May 2014
At 6.00 pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.7. Both these statistics are still solid but they appear to be flattening.
Overall Summary of Melbourne’s Million Dollar Plus Auctions:
Ducks ($M+ auctions with no [...]
BY James Home Ratings 24th April 2010
As always with the Anzac long weekend the market activity was limited; so its very hard to gauge if any mood change with minimal transactions.
Although no one seems to be on holiday’s in Richmond with 300 people attending the auction at 8 St Phillips Street. The cute double fronted was in high demand, seven bidders emerging [...]
BY Mal James 16th March 2010
This article was written in The Age, Business Day section. http://www.theage.com.au/business/property/the-million-dollarplus-view-20100314-q62r.html
AS BUYER advocates, my colleagues and I attend 30 to 50 auctions a week and 100 or so open for inspections of properties in inner Melbourne’s million-dollar-plus residential market.
We are regularly asked what’s happening in the million-dollar-plus market, what’s driving this market, [...]
BY James Buyer Advocates 28th November 2009
Boroondara is awash with property today and while still a strong day Alastair Craig put it best saying buyers were a little thinner on the ground at each auction than they have been over the last few weeks. Jellis Craig sold 33 out of 42 at auction and he felt that shows [...]
BY Mal James 3rd October 2009
Iain Carmichael is a tough cookie and one of the best, if not the best, auctioneer in Melbourne. We exchange thoughts often and I find that enjoyable. The discussions are always quick, robust and, occasionally, I need a disprin afterwards. But I would never say that Iain gives you anything other [...]
BY James Buyer Advocates 3rd October 2009
For many years, Scott Patterson has been the “pin-up” auctioneer of Hawthorn and surrounds – well, according to the ladies we represent, he is. Scott is the “new face” of Jellis Craig. Our personal dealings with Scott have always been straightforward and, while we have had differences and probably will continue to [...]
BY James Buyer Advocates 3rd October 2009
It took us a little while to get to know David Hart but, once we did, we have found him a straight shooter, an accurate price and market reader and a person you can do deals with. He is actually somebody you can have a good conversation with and, when he does [...]
BY Mal James 3rd October 2009
It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 68 per cent on the 19 auctions we attended today.
In this week’s Market Wraps, we are most appreciative of the time and effort Scott Patterson of Jellis Craig (Boroondara), Iain Carmichael of Bennison Mackinnon (Stonnington) and David Hart of Buxton (Bayside) put [...]
