BY Mal James 2nd March 2018
Week One:
Value is not a number, it is a feeling.
Price has no emotion, no conjecture, it’s factual.
Price is not value and value is not price.
I buy a number of family homes for people – perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
BY Mal James 24th February 2018
Welcome to our $2m plus auction season opener and the first weekend of our three weekend, James 100 Auctions Market Test; specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes.
It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a middle of the road 68% on the 34 Auctions we covered today.
James Bidderman, that [...]
BY Mal James 17th February 2018
There seems little doubt the market has started a lot better than it finished last year.
However, all is still conjecture until the market has spoken over our 3 week James 100 Auction Market Test which will be conducted on Feb 24, March 3, skip long weekend and then March 17th.
Pre Christmas, the market was as flat as [...]
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 18th November 2017
Contents
1. Hammer Watch – Quoting / Underquoting
2. Final Word on The Block and “Dummy Bidding”
3. Inside James – Bumper 5 Stories this week:
Don’t buy it – better a missed opportunity than a mistake
Build family wealth over individual wealth
Handing back a fee to a client – and it hurt – hurt a lot.
Pricing Heritage – pricing covenants [...]
BY Mal James 17th September 2017
Stonnington’s own residents are being heavily impacted by Stonnington’s “one-off, one-out (random)” Heritage Strategy.
It’s the “one-off, one-out” that is the key.
It’s the implementation of strategy, not the overall policy, that is hurting the Stonnington Community.
Welcome to the third of three articles on a Heritage War happening in your neighbourhood.
Your real enemy is your council’s Heritage Strategy; not [...]
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 29th July 2017
G’day and welcome back to James Market News. Hope you all had a break from the Melbourne winter!
My break was with my youngest daughter, Maddie, in the Top End at Fitzroy Crossing, Kakadu and Kooljaman, Cape Leveque. Aboriginal people know a lot more about land and its value than many of us “new migrants”.
Hard to believe it’s been [...]
BY Mal James 3rd June 2017
NOTE 17.6.17: This article was confirmed and published 3.6.17. Withdrawn 6.6.17 when we became aware of new information and remained so until 17.6.17 when we republished with new information.
This story is now different from the original article published in good faith, however a lot of the gist of it remains true – except that the winning bidder of [...]
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 13th May 2017
Happy Mothers Day to all our Mums – the real home decision makers.
This week in James Market News:
Market Commentary – Three-week Challenge of 100 reported auctions
Auction Action – 33 auction results
Inside James – buy-then-sell service and Mal’s auction observations
At 6.00pm Saturday, the overall Inner Melbourne market results were solid, if you just look at the Clearance [...]
BY Mal James 6th May 2017
WOW, what a week in Inner Melbourne!
Last Friday we had one active negotiation and by yesterday, we had eight.
This is contrary to the talk of a tanking market so in our opinion piece this week, we examine closely the “evidence” used by The Australian to support their ‘Housing prices to drop 7%’ headline. You be [...]
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 22nd April 2017
In James Market News today:
Under Quoting – Only 8 more sleeps to go
Todays auction action
Off Markets
Chris Richardson from Access Economics – Opinion
Big Changes Part 2 – zoning and $700,000 difference on one block
With the Easter break, very few auctions today, most of the activity is off market.
We expect it be the same again next week, before we burst [...]
BY Mal James 25th March 2017
It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 78% on the 23 Auctions we covered this weekend.
Bidderman was back hovering where it has been for several years now – at 2.7 bidders per auction and on big auction numbers – meaning whilst 151 bidders bought, there were still another 313 bidders [...]
