oc | Sunday 1st November

Market News » inner melbourne


New Decade – New Market

New Decade – New Market
Looking to establish an industry-wide, single style online Auction platform – managed by each agent? It’s Saturday 6.00 pm and this week felt a little more positive in the Inner Melbourne high-end property market. Why? We think we all know we are at a bottom in terms of activity (almost none) – so it can only be up [...]
Government changes mind and a limited market can continue

Government changes mind and a limited market can continue

Property Inspections – Important Update Date: 13 Apr 20 The REIV is pleased to advise that the Consumer Affairs Victoria website  has been updated to reflect what we have always believed to be the correct interpretation of the Stay at Home Directions (No 2) and Restricted Activities Directions (No 3). NOTE: These Directions will be amended and/or extended today for [...]
The Brady Bunch

The Brady Bunch

It’s 6.00 pm on Saturday, 4th April and this week the isolation has given me the ability to have longer, more in-depth and focused conversations with some of the many people I respect in our industry. It has also given the ability for some to wind down and reflect before (re)setting a course after Easter. At the [...]
Pause

Pause

It’s 6.00 pm Saturday and our week has finished a lot better than it has for many others. We genuinely feel for you out there. Today in Inner Melbourne high-end property we are focussing on; What has happened in the market this year What is happening right now Our short and longer-term futures with Inner Melbourne Property. We will do [...]
Virusolatility

Virusolatility

Market Mindset Medical Today’s auctions to complete our 100 auction test – randomly selected yesterday. Our 2020 Opening Market, 100 Auction Test, over 3 weeks across Boroondara, Bayside+Port Phillip and Stonnington had an average clearance rate on the 100 auctions of 66%. Ok, you say but look how it came. Down Up Down. Volatility is the canary sign of impending change. Is [...]
So it was quoted $1.5m and it sold for $2.65m. So it was quoted $5m and it sold for $7.6m.

So it was quoted $1.5m and it sold for $2.65m. So it was quoted $5m and it sold for $7.6m.

Wow – where is the land? No land – these were older apartments! The Melbourne market is changing on certain older-style apartments in certain blocks. In the late 2000 teen years (2015-2019) it is becoming feasible to get good capital growth and a good home on 20 year old plus apartments without actually owning any land. However, [...]
Life is good

Life is good

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 [...]
How bad can it get?

How bad can it get?

From all recent news reports, this year is going to be a “bad one” in property. And by definition, a “bad one” is poor quality or not as hoped for. We’re sorry, but we just don’t see “bad”. We see the market, as we left it in 2018, a superior quality one – more sophisticated and better for [...]
Market moving from regulated to unregulated?

Market moving from regulated to unregulated?

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 [...]
When you’re warm you’re hot and when you’re cold you’re freezing

When you’re warm you’re hot and when you’re cold you’re freezing

Welcome to our $2m-plus auction Early Spring season opener And the first of three weekends of the James 3 Week 100 Auctions Early Spring Market Test, specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes. This time last year, the opening Spring Day was a bit depressing and now it feels like we have just [...]
Yep, its a big drop – how to deal with it!

Yep, its a big drop – how to deal with it!

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 [...]
The Market Roar – where and when

The Market Roar – where and when

At 6.00 pm on Saturday we found the market, as we have found it all year; B and C Graders down – A-Graders mixed. A-Grader, by our definition – right Position, right Property and right Price – good PPP‘s. Overall, the market as we go into winter is still declining in its mood, interspersed with some strong results: such [...]
Decimated Kew. Sellers spent $100k per bidder < 9% under hammer!

Decimated Kew. Sellers spent $100k per bidder < 9% under hammer!

At 6.00pm on Saturday, it’s official – we are continuing to fall – but those falls are becoming more widespread. In the final week of our three week May 100 Auction Test, we can now say that last week’s comments (of a flattening market) look “courageous” on today’s market evidence. The  Clearance Rate for $2m+ Inner Melbourne family homes [...]
Practical Solutions for Younger Homebuyers

Practical Solutions for Younger Homebuyers

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 [...]
The Market has certainly changed direction

The Market has certainly changed direction

It’s 6.00pm Saturday and the James Clearance rate for $2M+ Inner Melbourne family homes, was a drifting down 69% on the 32 auctions we covered today, in the third and final week of our James 100 Auction 3-Week Test (Feb 24, Mar 3 and 17). The 3-week Opening Market Clearance Rate was 67%. James Bidderman, that is bidders per auction, was 1.3 today.  The [...]

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