BY Mal James 7th September 2019
Today was the second week of the 3-week 100 Auction test and what we saw in the strongest way was the return of the Volcano and the effect it has on the overall psyche of the market.
From the 31 Auctions we covered today 8 or 25% were Volcanoes – meaning 4 or more bidders.
It’s these [...]
BY Mal James 8th September 2018
At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8).
Last week our heading was Wipeout – it was a shocking day on the streets (31%) – today (66%) the results are a bounce back to the previous week (61%) [...]
BY Mal James 29th April 2017
It was a quiet-ish day today on market – off market is a different story – the auction biggies for May starting in numbers the week after next.
At that time we will be focusing on James Bidderman (for any movement in demand) and any drop off from overseas buyers.
Has all the talk of late begun to bite?
This [...]
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 14th March 2015
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 [...]
BY James Buyer Advocates 23rd March 2013
Bay View
Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington.
Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
BY Mal James 16th March 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 56% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
Both these stats were down on last week and ducks (no bidder auctions) were up. But given the early REIV Clearance rate was still [...]
BY Mal James 24th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction.
Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market.
$M+ Clearance Rates:
Boroondara – 88% on [...]
BY Mal James 4th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended.
The Weekly Review Bidderman was 1.4 bidders per auction.
Market Summary
The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
BY James Buyer Advocates 28th May 2011
Overall Bayside seems to be going backwards in terms of market dynamics, with the $M+ fringes (ie Beaumaris) having very mixed results
Three vacant blocks of land, high on the Balcombe Rd hill, sold before auction for $1,400,000 each – that’s a total of $4,200,000.
Another Balcombe Rd, Beaumaris property sold before it was due to go [...]
BY James Buyer Advocates 9th April 2011
Key Points:
Clearance Rate for quality homes was stronger than our stats show today
If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled.
Hampton 7 Raynes Park Road with Stephen Wigley [...]
BY Mal James 26th March 2011
At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%.
Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew.
These figures indicate that the [...]
BY Mal James 28th February 2011
Week Ending February 26th: If last week was the season opener for the $1m+ auction market, then this week was the beginning of the $3m+ auction market
BY James Buyer Advocates 26th February 2011
Agent Q & A:“Do you feel there is currently a big difference in the results of sales of lower end ($1m) properties as opposed to those of higher end ($2m+) homes? Yes or no, and why?”
Nick Johnstone, JP Dixon, Brighton:“The strongest market at the moment seems to be the $3m+, while the hardest is the [...]
BY James Buyer Advocates 4th December 2010
Key Points:
We covered 8 auctions in Bayside – not one was bought under the hammer but half sold after auction.
The biggest sale was recorded at 4/23 St Ninians, Brighton (Stewart Lopez of Kay and Burton), which was bought for $4,825,000.
The biggest pass in was at 29 Sussex, Brighton (Greg Costello, RT Edgar), $3,350,000, no bidders
Agent [...]
