BY Mal James 22nd August 2015
Hey, just when you started to think it was getting boring – you may, just may be in for a surprise over the next few weeks.
So what happened this week?
1. Some buyers were still getting smashed by a strong Bidderman on the A-graders (Price, Property or Position)
2. Some buyers paid big numbers on some pass-ins – surely not [...]
BY Mal James 21st March 2015
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 90% on the 30 auctions we covered. James Bidderman, our bidders per auction measurement continues to be through the roof on big stock numbers at 2.9. Hello, did we write 90% on big auction numbers and Bidderman nearly 3 – is this real? [...]
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 28th February 2015
Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating.
4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]
BY Mal James 24th May 2013
Week Ending 18th May
Off-Market Special
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]
BY Mal James 27th October 2012
With what was described as the biggest auction weekend in nearly two years, agents were certainly on tenterhooks as to what Saturday would bring. Their fears turned to relief and perhaps even delight, as Greg Hocking from Greg Hocking Holdsworth, David Wood from Hocking Stuart and Kaine Lanyon from Marshall White all reported strong results. [...]
BY Mal James 27th November 2011
Monday 28th November – 57 Cole Brighton ( Peter Kennett of Hocking Stuart). A family home with some floor plan issues that has been on the market for sometime, has been bought after a few interested parties were gathered together in an Expressions of Interest Campaign and one person popped up over $3,000,000. We rated [...]
BY James Buyer Advocates 2nd April 2011
Key Points:
Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
BY Mal James 2nd April 2011
Key Points:
Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter. 19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
BY Mal James 2nd April 2011
At 6pm on Saturday the James Clearance Rate for the 35 $M+ auctions we covered was an almost icy 46%. Bidderman today remained at a market cooling 1.4 bidders per auction - so we seem to be now firmly in the grip of the Winter chill.
BY James Buyer Advocates 26th February 2011
Key Points
Big Numbers at almost all auctions – a crowd of 300 reported at 15 Stephens St Balwyn North
Agents are concerned about the market – definitely not upbeat as a whole
Lots of new stock on the market this week – Pre Easter has the potential to be a whole new market to this early season [...]
BY Mal James 5th June 2010
At 6pm Saturday the James Million-Dollar-Plus Clearance Rate on the 35 auctions we attended was 51%. Our Demand Indicator, Bidderman, was up at 1.7 – still hanging in there.
PRICE CORRECTION
There is no doubt the market has eased, “corrected” – call it what you like. One easy word to understand is “dropped”. On a few properties it [...]
BY Mal James 5th June 2010
SUPPLY OVERHANG BUILDS
First some stats. Last Saturday’s (May 29) Auction results showed strong evidence of “auction overhang” in Port Phillip where the clearance rate was 32% clearance rate on the 22 auctions we monitored.
Seven days later the reported clearance rate had lifted from 32% to 45%, with only three of the pass-ins and unreporteds reported as having [...]
BY James Buyer Advocates 5th June 2010
A bit of gloom maybe an understatement. We covered 10 properties auctioned in Bayside today over $1,000,000 and saw a clearance rate of zer0! That’s right, nothing was bought under the hammer today. 6 bidders in total, and Park Road, Sandringham had two of them. That’s Bidderman at 0.6.
Properties to pass in today on vendor bids [...]
