BY Mal James 22nd February 2020
G’day and welcome to “The Opening Market 2020”. Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear.
You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
BY Mal James 19th October 2019
We live in Volatile times!
And that means right now $Millions are on the line for buyers and sellers on 5 key auction specific strategies.
Volatility doesn’t just happen on the way down – it also happens on the way up!
When a market is changing, by logic it is volatile, as it’s moving from one phase to [...]
BY Mal James 10th August 2019
Well, did you have a good break – we did, thanks for asking!
First big stats and market reads will come at the end of this month, when we begin the Spring 100 Auction Test. Today is a Marketnews Lite – no D&M’s, no stats – just easing ourselves into Spring and looking forward to it.
Auction [...]
BY Mal James 1st June 2019
May 2019 Market Summary – brighter outlook on very low stock levels
Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1).
Three simple things have come out of the coverage.
One: Everybody expected bad – that’s why there were so few auctions. [...]
BY Mal James 25th May 2019
At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing.
In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep.
Evidence – clearance rates are on the improve and the hammer rate (homes [...]
BY Mal James 18th May 2019
Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.
We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
BY Mal James 9th February 2019
Hi my true friend,
It’s 4.00am in the morning and I’ve just been in next door to check on Mum. She buzzed me saying she fell over and needed a hand. She had knocked her head but was basically ok and I helped her up and back into bed. Mum is such a trooper at near 90, [...]
BY Mal James 25th November 2018
9 am \ Surrey Hills
Day started with a visit to an off-market home in Surrey Hills. This home has been for sale for over a year. Why? Price. To be an A-grade property you need to have all three Ps – good Property (building), good Position (land) at a good Price (market). This home had two out of three.
In [...]
BY Mal James 17th November 2018
At 6.00pm the James Clearance rate for $M+ Inner Melbourne family homes was 50% on the 26 Auctions we covered in the Pre Xmas 100 Auction test today.
James Bidderman that is, bidders per auction, was 1.2, indicating the overall market is still easing/falling in price.
Bidderman needs 2 to tango and 3 to party – 1 is the loneliest number if you’re [...]
BY Mal James 27th October 2018
Its 6pm Saturday, week one of our fourth and final 2018, 3-week 100 Auction, Inner Melbourne Family Home, Market Temperature Test. Try saying that a few times! The results above and supporting data below are self-explanatory.
Yes? No? Maybe?
Have you been to an auction, EOI or off-market lately – is it a bit hit and miss?
Not really. In fact, we [...]
BY Mal James 8th September 2018
At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8).
Last week our heading was Wipeout – it was a shocking day on the streets (31%) – today (66%) the results are a bounce back to the previous week (61%) [...]
BY Mal James 11th August 2018
Price has become such an interesting concept in this market.
There feels to be an overall lack of trust and comfort with regards to what price to pay – so whilst many things are different between the market of now (eg still some volcano auctions, 6 bidders sub $2m at 18 Barkly St, Brighton, Alex Schiavo) [...]
BY Mal James 5th August 2018
Today was the clearest spring buying and selling lessons any us, be we buyer or seller or both, will get before Christmas.
With the auction machine still cranking up its engine, we covered a few spring early bird auctions today – eight Top End auctions in total – summary in the Volcanoes and Ducks graphic above – [...]
BY Mal James 12th May 2018
At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered.
Bidderman was up a skerrick to 1.6 bidders per auction [...]
BY Mal James 5th May 2018
It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test.
It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
