In contrast to last week, we saw all 9 properties we covered over $1,000,000 today, sell.   Three sold before auction, 3 sold under the hammer and 3 were bought after.  That’s a 100% clearance rate and Bidderman was back up to two. Five of the nine properties had two or more bidders.  Richard Jellis of Jellis Craig [...]

Its 6.00 pm Saturday and the James $Million+ Clearance Rate on the 36 auctions we attended was 64%. Interestingly, 20 of the auctions initially passed in. Therefore we witnessed an under the hammer clearance rate of 41% – obviously a number were bought almost immediately afterwards. Bidderman is up from 1.5 last week to 1.8 bidders per auction this [...]

Strong day in Boroondara today for good properties, with many homes selling under the hammer and selling strongly. However not all auction results have been reported.   Scheduled Reported Ashburton 1 1 Balwyn 8 6 Balwyn North 7 6 Camberwell 7 7 Canterbury 1 1 Glen Iris 4 4 Hawthorn 4 4 Hawthorn East 9 4 Kew 14 7 Kew East 3 3   58 43 Some of the auctions that we attended – 8 Moorhouse Street Camberwell (Heather Elder, Marshall White). Sold for $1,997,000 – 4 bidders 14 Lyndhurst Crescent Hawthorn (Peter Batrouney, [...]

Interesting day in Boroondara today, with a few properties flying out the door with 5 or more bidders and also a number passing in quietly without much crowd interest. Scott Patterson from Jellis Craig thought the market was patchy – yet probably understandable. Scott thought the company’s clearance rate probably dropped back to around 70% today. This was [...]

It is 6pm Saturday and the James Auction Clearance Rate on the 32 $1m+ properties we attended and reported on today was 72 per cent. The REIV’s clearance rate was declared at 82 per cent but they are missing around 200 auction results and our guess is the clearance rate has dropped below 80 per [...]

Approaching 80 per cent of the 18 reported auction results for Bayside this weekend – that is as strong as it has been all year. 25 Orchard Street Brighton – Trudy Biggin of Biggin and Scott James Home Rating and Comments: 577 out of 1000. Land only, or is there some value in this [...]

There is definitely more housing stock coming onto the off-market part of the market; however: 1. it’s not across all geographical markets and dollar market levels; and 2. it’s not necessarily the home you must buy; ie the price and quality is mixed. Specific off-market properties that we have heard about, driven by, or looked [...]

It’s 5pm Saturday and we are looking at a 47% clearance rate on the 19 $1 million-plus auctions we attended and reported on today. Following on from a seven-day clearance rate from last Saturday’s auctions of 64% with Nelson Road South Melbourne, Beaconsfield Parade Middle Park and Inverness Way Balwyn North [...]

At 5pm Saturday, as the James Weekly News Report is being published with live Auction Results from 20 auctions across Inner Million-Dollar Melbourne, we are seeing a slight lift in buyer sentiment from last week. The clearance rate is 50%, or 1 in 2. Footnote by 8.00am Sunday that clearance rate had increased [...]

Weekend one of the school holidays and as expected a very slow auction weekend at the top end of town. Across the board, the lowest number of auctions for this year was on offer with 395 and a good clearance rate of 66%. It is also important to look at [...]