BY Mal James 2nd October 2010
The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
BY James Buyer Advocates 24th July 2010
Bayside this week had a clearance rate of 7 from the 11 monitored properties this week – or 63%. This was up on the 40% to 50% of the last few weeks in May, but it was on a smaller turnover.
Bidderman, our demand indicator, was 1.3 bidders per auction – which is still lowish if [...]
BY Mal James 17th July 2010
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%.
Our Demand Indicator Bidderman was 2.2. Hmmm – an interesting increase but it was off a very low turnover.
Today’s Highlights
1) Bidders were present at 18 of the 22 auctions we covered – and at three auctions there were 6+bidders
23 [...]
BY Mal James 17th July 2010
This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
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 [...]
BY James Buyer Advocates 22nd May 2010
Eight bought at auction and 12 passed in (10 on a vendor bid) – that’s a James $Million+ clearance rate of 40%. Having said that, 7 $M+ homes were sold mid-week in Bayside so the market isn’t in hibernation.
As more $3M+ auctions fail and vendors ask the question `why spend $30,000 on a failed auction [...]
BY James Buyer Advocates 8th May 2010
Discussions this week with Robin Parker of RT Edgar Real Estate included the firm’s initiative to disclose the reserve price at the commencement of the campaign of 12 Cowper Street, Brighton. Throughout the campaign, Rowan Thompson (the auctioneer), advised prospective buyers that property would be on the market at $1,425,000. Buyers were informed and [...]
BY Mal James 1st May 2010
Six out of seven in Brighton East were bought at auction today but at expected levels, not ridiculous prices. The highlight for me being that after a flurry of $2m offerings in previous weeks; you can still find some reasonable $1m to $1.5m buying in Carrington, Grant, Griffin, Rogers, Plunket and Margaret Streets as evidenced [...]
BY James Buyer Advocates 24th April 2010
A quieter week in terms of numbers, given the Anzac long weekend, and results were as expected. Some sold strongly, some passed in, some sold after. The ‘golden triangle’ in Black Rock continued to sell, with Nick Johnstone of JP Dixon selling 16 Glenmore Crescent for $1,820,000 and a well run campaign by Jason Gill [...]
BY James Buyer Advocates 17th April 2010
Strength was seen in quality properties today, however, there were still a few surprise pass-ins. Well-positioned land with homes of minimal value (some could argue no value) led the way. 4 Arkaringa, Black Rock, was auctioned by Campbell Cooney of Hodges and sold for almost $2,350 sqm (if there is no value in the house). [...]
BY James Buyer Advocates 27th March 2010
Bidderman was 2.5 of the 6 properties we covered in Bayside (and 3 across Melbourne for all the properties we covered over $1,000,000.) Clearance rates were high amongst most Bayside agents. Justin Follett of Kay & Burton advised 100% clearance rate today, whilst Mark Earle of Buxtons Sandringham advised they sold 6 of 8 and [...]
BY James Buyer Advocates 20th March 2010
Another 24 sales over $1,000,000 in Bayside, moving the average for the month to 2.5 per day. It’s 6pm Saturday afternoon, and so far, our research shows 24 of 27 reported properties in Bayside have sold. 19 at auction, 3 before and 1 each by expression of interest and private sale.
Scheduled
Reported
Brighton
14
14
Brighton East
5
5
Hampton
1
1
Sandringham
2
2
Black Rock
2
1
Beaumaris
3
0
27
24
The current clearance [...]
BY James Buyer Advocates 5th December 2009
Just another quiet week (not) in Brighton with 13 reported sales over $1m.
Big increase in Bidderman at auction: 2.6
Some follow up to previous weekend’s passed in auctions – two sold privately during the week; the first at 49 William St, Brighton (Phillip Mellody Buxton), where they seemed to be thinking $3.5m, had a vendor bid of $2.95m last [...]
BY Mal James 24th October 2009
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 [...]
BY James Buyer Advocates 12th September 2009
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 [...]
