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Since we last spoke before Winter – little has changed in the $3m+ market

Since we last spoke before Winter – little has changed in the $3m+ market
$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 [...]
The land was worth less with a nice home on it!

The land was worth less with a nice home on it!

James Market News Lite again. Talk of a quietening market, in a our opinion, is a little premature on what we saw today. Yes, clearance rates are down – but that is normal for this time of the year, as the real quality auction stock doesn’t come out in large numbers until either side of the [...]
泡沫的讨论?

泡沫的讨论?

今天拍卖很少,因此市场新闻也少。 *百万以上的房产清盘率63%(16场拍卖,抽样的数字不大所以数据不一定可靠)。 *竞标人数2.3(16场拍卖,抽样的数字不大所以数据不一定可靠)。 *没有人竞标6% *较少竞标者25% *正常44% *较多竞标者25% 经过传统的七月休假,欢迎回到James市场新闻和James买方代理。半年过去了,在今年的六场房市,我们也已经过了一半了。上半年三场。 1.    复活节以前(也叫新年或二月房市) 2.    复活节以后(也叫五月房市) 3.    冬季,也即将结束 下半年三场: 1.    早春(始于八月中旬) 2.    中春(十月,尽管橄榄球决赛日期的变更可能会有对其有影响) 3.    晚春(墨尔本赛马节以后) 我们刚刚结束了有史以来最为强劲的几场房市。如果在七月休假期间有什么变化的话,我们在九月上旬以前是得不到确切的数据的,因为第一场重要的周末拍卖在8月8日,我们需要通过几个周末来看变化的趋势(如果有的话)。 泡沫的讨论:如果把房市的泡沫定义为房价不合逻辑的增长或房价从长远来看不能持续的话,现在看来,有关泡沫的讨论终于有所缓和,正如大多数新闻提要避免一些评论家所认为的我们没有泡沫。 是的,我们在房价上涨的过程中(始于1900年代——2009年世界金融危机以来有所推进,2012年10月直至圣诞节进一步地加速)。但是价格上涨主要原因是巨大的海外需求,就象世界上说的那样“墨尔本——你是国际房产市场,我们想在这里投资”。
The Market Begins the Big May Run – Hold On!

The Market Begins the Big May Run – Hold On!

Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest) As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
The New Normal

The New Normal

James now Smartphone Optimised for easier reading – click horizontal bars in top left hand corner of  iPhone James Market Summary 6.00 pm Saturday May 23rd $M+ Clearance Rate 79% (29 auctions) Bidderman 2.4 Ducks 10% Lone Rangers 14% Norms 48% Volcanoes 28% $M+ Market remained very strong. Significant drop in Bidderman – Is today a statistical anomaly or market easing or indeed simply more buyers placing more [...]
Volcanoes are changing the landscape – as they do!

Volcanoes are changing the landscape – as they do!

James now Smartphone Optimised for easier reading – click horizontal bars top left hand corner of Iphone $1 million dollars more: So what do you do when across the road – same land size and same house sells late in 2014 for $1,900,000 – why you pay $1 million dollars more when Asian buyers duke it out to [...]
Over Half! Yes over half the auctions today were Volcanoes.

Over Half! Yes over half the auctions today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 92% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 3.4. Market Summary The overall market is clear at the start of the May run. The strongest James Bidderman and James $M+ Clearance Rate combination [...]
The Volume at the Top End is Mindboggling – On and Off Market

The Volume at the Top End is Mindboggling – On and Off Market

$3 million-plus market is now driving markets at the lower levels: The Higher the Asking Price the more Bidders. Our overall Inner Melbourne market is being driven by Overseas Interest (of course not on every home) – we all know that. But what is of further interest is the flow on effect to the lower parts [...]
Easter 2015 James Land Value Guides for Inner Melbourne

Easter 2015 James Land Value Guides for Inner Melbourne

Easter Land Guides G’day and welcome to our special James Report on the changing of Melbourne’s land values in early 2015 (updated from a few weeks ago). We detail below: Melbourne’s Big Land Influences Melbourne’s Land Values Melbourne Land Opportunities Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, [...]
WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.

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+ [...]
Boroondara Weekly

Boroondara Weekly

Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, Brighton, Hawthorn or is it Albert Park? These are very influential suburbs and more expensive than the suburb we think is Melbourne’s most influential land value suburb, but it is not any of these. No, Melbourne’s [...]
OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES

OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES

Media Release OVERSEAS PROPERTY BUYERS CREATING ‘SEISMIC’ CHANGES A Federal Government proposal to charge foreign buyers application fees each time they buy property in Australia is ‘tickling around the edges’ – and it won’t tackle the ‘seismic’ changes in Melbourne’s housing market. Mal James of James Buyer Advocates in Melbourne says 50 to 75 per cent of properties [...]
This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.8. It was hot out there today as predicted – 80% of auctions we covered today had 2 or more bidders. Welcome to the first game of the season – the pre-season [...]
The Top End of Town – November 2014

The Top End of Town – November 2014

Week Ending November 22 The Very Top End of Town in 2014 Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER. In the last month we have purchased 13 [...]
October Top End Market

October Top End Market

Week Ending Saturday, October 25 James Buyer Advocates are busy: Number of auction homes involved in buying this week was well into double figures. Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]