BY Mal James 23rd November 2019
Welcome to our final Marketnews in 2019. We have really enjoyed the year, hope you have. This is our Bumper Summer Edition.
Big Stat: Today only 1 in 10 auctions were tearaways!
ARMADALE, 17 Seymour Avenue. John Manton (Marshall White) Under the Hammer $3,570,000, 6 Bidders
GLEN IRIS, 3 Malvern Avenue. Daniel Wheeler (Marshall White) Under the Hammer [...]
BY Mal James 14th September 2019
Spring Summary
There is little confusion with the Inner Melbourne Spring market direction right now.
The reasons for this sudden, powerful and upward market directional change could be something temporary like an election afterglow, the Early Spring Pep or something more concrete like stock levels or the banks are lending again and the Asian market has returned. [...]
BY Mal James 4th May 2019
G’day
Mal James here. I wrote this piece as I wanted to. I have written about how I feel in this market and I’m not asking you to feel the same way.
So it’s ok to switch off now rather than wade through my mud, but there are some sprinkles of gold in here by the way!
Life is good
I love what [...]
BY Mal James 23rd February 2019
It’s Saturday 6.00pm and the results are in for the first key auction week for 2019 and also the first key measuring week for the James 100 Auction test (100 randomly chosen homes over 3 weekends Feb 23, Mar 2 & 23).
Today we covered 36 Auctions across Bayside (Bayside + Port Phillip); Stonnington and Boroondara.
And [...]
BY Mal James 11th December 2018
As of 2018 $5,000 from each Seller Advocacy job is donated to 11climbers.org. The money donated will go towards alleviating Melbourne Homelessness and increasing the number of life changing surgeries for African young people. The balance of any fees will go to James Buyer Advocates.
Giving is the most selfish thing I do – it gives [...]
BY Mal James 1st September 2018
The market has changed and so have we at James Advocates.
When 67% of homes are not selling at an auction.
When you spend $30,000 on advertising for a failed auction and all that’s achieved is
you’ve told everybody what your home is not worth.
When the market has changed but your selling agent hasn’t, isn’t it time to [...]
BY Mal James 27th August 2018
Divorce, the Children and a Better Way.
This is an ongoing part of our multi-generational living series.
If the unhelpful events of Canberra of this past week have reminded us of anything – it is that the sum of divided individuals is far less than the value of a united group.
It’s exactly what happens in a divorce when it comes [...]
BY Mal James 28th July 2018
Welcome to the early beginnings of the Melbourne Spring buying and selling market.
Auctions start in a few weeks time.
This weekend’s James Market Insight, is the first in a series of three, about how you can best manage yourself in what’s to come.
Why manage yourself?
One: If you cannot manage yourself, then you dramatically increase your chances of [...]
BY Mal James 21st April 2018
At James Buyer Advocates we are looking to help younger homebuyers where we can.
We now believe in a PAUSE in rapid population growth through immigration (family reunions excepted) from 2020 to 2025/2030?
Why? We would like to see our community have a discussion and consider infrastructure solutions to better house our young people, who already live here.
When our community thinks it’s right to [...]
BY Mal James 3rd March 2018
It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a drifting down 62% on the 34 auctions we covered today, in the second week of our James 100 Auction 3-Week Test. Last week it was 68%.
James Bidderman, that is bidders per auction, was 1.6, which continues the significant drop of the last four months and represents around a [...]
BY Mal James 10th February 2018
With serious numbers of auctions not starting ’till the end of the month, this week has been about pre markets, off markets and continuing to assess the market temperature.
As you can see throughout this report, we are out and about and reporting from around the grounds, on the streets, about things that are happening.
And things, even at [...]
BY Mal James 21st October 2017
At 6.00pm Saturday, the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 72% on the 32 Inner Melbourne $M+ auctions we covered.
Combined with James Bidderman (bidders per auction) @ 1.8 on increasing auction stock numbers.
The Clearance Rates are now matching Bidderman – they are easing and have been doing so since winter.
The stats are becoming consistent – a trend – the beginning [...]
BY Mal James 12th August 2017
Let’s look at Underquoting and Patrick Dangerfield – both have been in the news lately.
This week I read an article, it was on underquoting. It worried me where it was going – it read like a showbiz article and not like what we have been seeing with Underquoting since May.
We are seeing that agents have collectively, made massive [...]
BY Mal James 27th May 2017
What is the market really doing?
We get asked this question daily so we decided to conduct a 3-Week, 100 Auction Report challenge during the month of May.
Well, there were no surprises! All three measurements showed that the Inner Melbourne market is in what we call “boom times”, but now, since 2008, increasingly what we call [...]
BY Mal James 27th May 2017
This week in James Market News: (click on contents)
1. Market Commentary
2. May 3-Week Auction Challenge – Results are in…
3. Bayside and Inner East Auction Action
4. 2017 James Half Year Summary
5. Land Prices – 2010 – 2017
6. Negotiation Corner – Narrowed Focus
7. Inside James – and Off Markets
8. Younger Homebuyers – [...]
