Key Points: You can only buy what’s on offer, and a 61% clearance rate in last year’s Stonnington terms was a solid start The market was only tested in the lower echelons of price and seems unlikely to really be tested at $3m+ for some time as there appears to be minimal action in this price [...]

Key Points: Stonnington outperformed Boroondara in terms of clearance rate The top end is not moving with any conviction, and no sales over $3m have been reported to us this year Two big weeks ahead will give a greater indication as to the health of Hawthorn and surrounds. Our thoughts with the numbers at OFI’s  and the [...]

Key Points: A big day auction-wise in Port Phillip with more than 20 $m+ properties up for grabs. We reported on seven – four of those were bought under the hammer and one shortly after auction. The biggest sale was at 107 Richardson St, Albert Park (Oliver Bruce, BenMac) which sold under the hammer for $2,322,000, with 5 [...]

Today’s Highlights: Balwyn 32 Stephens, Maurice Di Marzio, Bought under the hammer for $3,800,000 – 4 bidders Balwyn 12 Knutsford, Tim Derham, Bought under the hammer for $3,520,000 – 4 bidders Kew 1 Stawell, Gowan Stubbings, undisclosed Bought after – 2 bidders Kew 3-5 Rimington, Scott Patterson, Bought After above $3,650,000 –  2 bidders Off Market Hawthorn 26 Fordholm, Michael Armstrong, [...]

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 [...]

Key Points: Crowds smaller and less bidders with a clearance rate at 62% – lowish for Boroondara, however there were around 50 auctions over $1 million. Hottest market is for the $1,200,000 to $1,600,000 double fronted timber home in need of some work with a market price tag on it. Scott Patterson MD of Jellis Craig: Clearance Rate [...]

Highlights: Hampton’s Golden Triangle continues to perform very strongly with 3 Lorraine Hampton (Nick Johnstone of JP Dixon) over $3,000,000; 23 The Avenue Hampton (David Hart of Buxton) $2,350,000 and fringe there but actually Brighton Beach – 10 Menzies Brighton (Sam Paynter of Hodges) $2,600,000. These, the three buys at this level we reported a few [...]

Agent Q & A: In terms of real estate, what has happened this year and what do you expect will happen next year? Tom Kurtschenko, Barry Plant, Eltham: 2010: “Early in 2010 we witnessed unprecedented growth in the local markets with strong buyer demand for all types of property.  Particularly the lower and middle end of [...]

Key Points: Mixed bag around the grounds with an overall clearance rate of 58% Across Melbourne there were 143 reported sales over a million dollars yesterday Biggest auction was 16 Brooke, Eaglemont, with Damien Carter of Miles. On a quote of mid to high $2 million it was bought for just over mid $3 million Agent Q & A: [...]

Key Points Ascot Vale, 13 Fisher – Ray White – With views over the Maribyrnong River, this was bought for $2,000,000. Land value $2,000+ per sq metre 8 buys over $1m in Caulfield and Elsternwick this week, including in the heart of the Bagel belt – 31 Aroona with Rochelle Butt of TBM at $2,511,000 Templestowe, 70B Newmans [...]

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.

The rest of $M Melbourne Melbourne slipped a cog this weekend with a 64% clearance rate on 25 $M+ reported auctions – a fair way down from last week’s stellar 83% on our 30 monitored $M+ auctions. Some Highlights In Yarra (Richmond to Fitzroy) there were six properties up for auction at around a $million, and six were bought Elsternwick 9 [...]

Key Points: We covered 11 auctions across Boroondara on Saturday. Of those, 4 sold under the hammer, and 4 were bought after. Bidders on all bar one auction. Big crowd increases. The biggest auction of the day was 42 Wattle Valley Rd, Canterbury (Richard Winneke of Jellis Craig), which had an after-auction sale price in excess of $3,400,000 and [...]

At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 65% for the 43 auctions we attended. Of those, 15 were bought under the hammer. Auction numbers were up across the board, but results were very mixed. Fringe $M+ areas such as Moonee Ponds, Bentleigh and Eaglemont performed very well, but Bayside put in an all too familiar poor [...]

Key Points: We covered nine auctions, three bought under the hammer, 2 post auction and 4 passed in Jellis Craig had an 80% Clearance Rate today Big numbers of $M+ auctions today – 42 monitored Bidderman is over 2 on a day when we monitored over 40 $M+ auctions in Boroondara. That’s “strongish.” Surprisingly Camberwell only 4 from 10 [...]