BY Gina Kantzas 27th October 2012
This week was all about Super Saturday in Stonnington. But the action actually started after last Saturday’s auctions and the momentum built throughout the week. The clearance rate was 61% today. Of the 12 auctions we reported on, only 2 sold under the hammer. 2 sold after and 3 sold before.
My day today started very [...]
BY Mal James 27th October 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 71% on the 42 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction.
Volcanoes – Of the 42 auctions we covered, there were seven auctions with 4+ bidders. That’s not bad!
Ducks (no bidders):14% Lone Rangers (1 bidder):27% Norms (2 [...]
BY Mal James 16th September 2012
Week Ending September 15th:
This Weekend with only 3 from 7 over $3m reported as selling before 6.00pm, we feel this shows the market is continuing to struggle on more offerings than not at the Top End.
9 Scotsburn Toorak (Justin Long) with 5 bidders fighting it out to $4,220,000 is a good case study. The result [...]
BY Mal James 15th September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes.
This weekend was the Spring Market’s First Big Test, with [...]
BY Gina Kantzas 1st September 2012
This week there was good activity on auction day, in contrast to last week in Stonnington. The clearance rate increased to 76% and some good agent work was evident.
Example: 9 Armadale St Armadale with Michael Armstrong of Kay & Burton.
This is a less than A grade home, although it has an A grade position.
I went [...]
BY Gina Kantzas 25th August 2012
This week saw a mixed bag of results, with good activity seeming to happen during the week than at the Saturday auctions. I saw good crowds at opens on Saturday and stood with big crowds (of 120 people) at the two auctions I attended in Stonnington – Jordan St Malvern & Scott Grove Glen Iris. [...]
BY Mal James 25th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
BY Gina Kantzas 18th August 2012
Not the greatest day for Stonnington, with most of what was on offer attracting little interest. If you look a little deeper there are clear reasons why.
1097 Malvern Road, Toorak – The Road
4 Arkle, Prahran – The Price – This is a good little home and there were two bidders, so the problem for now [...]
BY Mal James 18th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
BY Gina Kantzas 11th August 2012
This week I was asked how are we experiencing the market “out there”?
There has been a dearth of family homes on offer in Stonnington and there does not seem to be much new stock coming on. Prospective buyers are there and while some are feeling impatient, most are still prepared to wait for a property [...]
BY Mal James 16th June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
BY Mal James 31st March 2012
Saturday March 31st: Solid finish to the month – partly as a result of vendors lowering their expectations as they feel the market may get worse before it gets better, partly due to some good stock and partly because buyers can’t really see anything of note on the market after Easter.
But to keep some perspective [...]
BY Mal James 29th February 2012
As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
BY Mal James 29th October 2011
October 29th: Excerpt from October 15th James Marketnews: Want a home with a Tennis Court in Toorak? Got around $6 million dollars? In the last week we visited, assessed and rated: 11 Scotsburn Toorak (Andrew Smith), 10 Montalto Toorak (Mike Gibson) and 25 Scott Glen Iris (Rae Tomlinson). All have tennis courts.
The Question: After [...]
BY Mal James 24th September 2011
Week 4 September 24th: Overall market interest is down this week, best evidenced by the fact we had 30% less Marketnews readers on the Monday of this week than the past two month average (alternatively we may be just getting boring). While some new AFL coaches bobbed up, so have some interesting [...]