BY Mal James 10th May 2020
This may have been the last of my regular, really long, walks for a while.
It’s 6.00 pm Saturday and what a change in outlook this week from last week.
We have moved from pause Pre-Easter, to part-time Post-Easter, to full-time from next week.
The phones are ringing again, meetings and walk through of homes are happening and [...]
BY James Buyer Advocates 1st April 2017
It’s James Market News Lite on this special day, today.
Today it was hard to believe what we saw, all over the Inner Melbourne auction scene.
It was incredible.
Overseas bidders from China were not actually putting offers in on homes, without FIRB approval and a number of negative gearing buyers who owned between 10 and 20 homes, had decided to [...]
BY Mal James 20th February 2016
(Above and below) 160 people witnessed this architectural masterpiece (working from a low base to a state of brilliance – Steve Domoney Architecture) sell under the hammer for $4,160,000. James Tostevin and 3 bidders. Google our James Home Rating – 2a Harcourt Street, Hawthorn East to read our detailed thoughts.
Excuse me what did I read above, James Bidderman 3, James [...]
BY Mal James 7th August 2014
Off-markets and the Duck Test
On the subject of off-markets, we buy a fair number – but we reject an awful lot more than we buy.
For the inexperienced buyer, many off-markets are not what they are cracked up to be (by the agents). A number of inexperienced buyers are lured by the romance of an off-market [...]
BY Mal James 2nd August 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2.
This weekend’s first run of the high end auction market after a good spell in July saw a “strongish” start on limited [...]
BY Mal James 19th September 2012
Upper end home values in general and Bayside in particular are being “raked over the coals” by the banks at the moment – not to put too fine a point on things.
Directives implied or specific have come from the banking bosses that the Top End, an in particular Bayside, is a little “fruity” for now [...]
BY Mal James 24th September 2011
Recently we gave a talk to more than a hundred high net worth individuals at the Sandringham Yacht Club for Peter Wilson of Godfrey Pembroke where we involved the participants in a hands-on exercise that introduced them to “valuing” high end homes.
There were three steps to the process. First we asked them to give their [...]
BY Mal James 29th August 2011
The Block was great entertainment – but for me it was also the best reality TV show in a decade because it showed the harsh reality of what happens when you break all the rules in the property investment book.
I took the opportunity to go through each property a few weeks before the auctions and [...]
BY Mal James 30th September 2010
September Executive Summary:
Demand: Solid and increasing
Reported Boughts: 46
Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875
Supply: New Stock Low
Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
BY Mal James 8th September 2010
Different cultures have different values and different interpretations of what appear to be the same thing. Just as business people need to find the most appropriate way to interact with, and do business with, people of other cultures, so too do home buyers have to find the right way to deal with selling agents.
BY Mal James 14th August 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer.
On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
BY Mal James 24th June 2010
As we are now firmly into a new market, we thought it time to have a stab at one of the most perplexing concepts confronting inexperienced buyers in high-end real estate – the “Learning Fee”.
The “Learning” Fee is the amount you as a Do-It-Yourself buyer can end up paying extra for the home you buy, [...]
BY Mal James 8th May 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a limp 58%.
Bidderman continues to slide in all price ranges except Inner Melbourne lower $M+.
The Mood is Subdued for the most part across the $2m+ board. When we say Subdued and cooling we mean prices are leveling even [...]
BY Mal James 20th March 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 27 Auctions we attended today was 65 per cent.
Bidderman remained steady at 2 bidders per auction. However 1 in 3 of the auctions we attended today had no bidders. 33% of auctions (on OK James rated homes) had no bidders under the hammer today!!
If you look [...]
BY Mal James 17th October 2009
It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 83 per cent on the 24 auctions we attended today.
The big news is on a very large day for auctions the bidder numbers per auction has actually risen dramatically to 3 per auction despite the interest rate noises. This is substantial [...]
