BY Mal James 15th October 2017
This weekend on one of the quieter October Auction Days, we were involved in two auctions – one we bought and one we missed.
We bought 307 Beaconsfield Parade, Middle Park (Simon Gowling), under the hammer with 2 bidders @ $6,370,000.
We missed 40 Berry Street, East Melbourne (Paul Caine), under the hammer with 2 bidders @ $4,550,000.
It was a [...]
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 12th November 2016
Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is 88% on the 26 Auctions we covered today.
James Bidderman, that is, bidders per auction, is 2.8.
Super Strong.
Big numbers of bought befores and look at the Volcanoes 48%. That means every second auction had 4 or more bidders and how about this; there were 15 bidders [...]
BY Mal James 31st January 2016
Welcome back to James Buyers Agents and Advocates 2016. We have started James Market News a little earlier than planned because we are experiencing solid market interest right here and now in January.
SOLID START
We have already been involved in substantial buys and sells this year (2016) and currently have seven homes in negotiation; with a [...]
BY Mal James 28th November 2015
We started 2015 like a runaway train. I remember vividly giving advice on a Kooyongkoot Road property – All I did for three weeks before the auction was apologise to our client as I revised our price estimates up 5%, then another 10% and finally another 10%. The home that in December 2014 I thought would nudge $4,000,000 if [...]
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 28th February 2015
Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating.
4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]
BY James Buyer Advocates 22nd November 2014
Warehouses by Adam Gardner
While the numbers of new public listings is starting to slow down somewhat in the Inner Melbourne areas as Christmas approaches, there are still a number of properties that should garner some interest when they go under the hammer. In fact, the number of warehouse conversions on the market is significant at [...]
BY Mal James 25th October 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE.
Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
BY James Buyer Advocates 11th October 2014
October is shaping up to be one of the the biggest months in Melbourne that we have seen for a while. Greater Melbourne has over 250 $1million plus homes for auction on the 25thd October with around 100 of them to choose from in the Bayside and Port Phillip councils.
November looks set to continue the [...]
BY Mal James 11th October 2014
At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.3. Both Clearance and Bidderman rates are solid as we head into two big auction weekends before the Melbourne Cup.
How good is [...]
BY Mal James 30th March 2014
Saturday, March 29:
Market Summary
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]