BY Gina Kantzas 11th October 2014
Apartment Action
Now that the usual winter hibernation is over for the apartments market (for most builders and most bidders) we have seen some good sales for apartments this early Spring – sales of apartments which are set apart from most with some sort of Wow, a big or small emotional factor.
Supply and demand for apartments [...]
BY Mal James 13th September 2014
Week Ending Saturday, September 13:
Market Summary
The Market is splitting as it normally does when adjusting to the Spring Influx of properties.
This week the market has sent buyers and sellers two very clear messages.
If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m range, then you have [...]
BY Gina Kantzas 6th September 2014
Apartment buyers and sellers can act like American grizzly bears. They hibernate for winter then wake and stretch for a little while and then, in Spring, they come out and get down to action.
Now, here we are in September and there have been very few high quality apartment sales over the last few months as [...]
BY Mal James 28th May 2014
Part 2 of a 2 Part Masterclass on Buying Homes through Liars
Good Negotiators see lies as actions
What is it we are trying to do? Reach an agreement.
Why is the agent lying to us? To reach an agreement – hopefully with us!
Lies can be very positive things
They can be an attempt by the other side [...]
BY Mal James 10th May 2014
At 6.00pm Saturday, the James Clearance Rate for Melbourne’s $M+ property was 70% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 1.8.
Overall Summary of Melbourne’s Million Dollar Plus Auctions:
Ducks ($M+ auctions with no bidders) 26%
Lone Rangers ($M+ auctions with one bidder) 13%
Norms ($M+ auctions with 2 [...]
BY Gina Kantzas 6th April 2014
Apartment Action
Penthouses, sub-penthouses, mid-level apartments, garden apartments and apartments. Are they all just marketing terms or do they really help a buyer understand what is being advertised? As more and more buyers turn to apartments as a low maintenance or lock n leave option, more and more questions arise as to what they are [...]
BY Mal James 30th March 2014
Saturday, March 29:
Market Summary
2014 is still motoring very strongly – the lull which we reported of the last few weeks seems to have been nothing more than the next tread (flatter spot) in the rising price staircase which begun in October 2012 and continues now.
This weekend was another Super Saturday with over 150 Auctions in [...]
BY Mal James 12th October 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 70% on the 33 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.4. Both are showing a strong market after the footy break.
Ducks (no bidder auctions) – 20%
Lone Rangers (1 bidder auctions) – 10%
Norms (2-3 bidder auctions) [...]
BY Gina Kantzas 17th August 2013
Stonnington Snapshot
This week our enquiry has predominantly been in the up to mid $1 million range – and what a competitive segment this is, in all parts of Stonnington! We bought a single-fronter in Malvern East at a Boardroom auction on Wednesday (with three active bidders) that had been scheduled for auction on Saturday (Daniel [...]
BY Mal James 1st June 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 77% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9 – back up to bordering on strong!
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 26%
Lone Rangers (1 [...]
BY Mal James 23rd March 2013
Week Ending 23rd March – We are now seeing
The A graders are having multiple bidders – look at the number of volcanoes
The B graders are getting mopped up – check old stock records
The C graders are being considered by those [...]
BY Mal James 2nd March 2013
At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2.
Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
BY Gina Kantzas 24th November 2012
This week around the traps – the men and women at Kay and Burton were out in force on their quiet and off-market sales
Armadale, 14 Myamyn St (Gowan Stubbings – Kay and Burton), this was sold for the mid $3 millions in 2009, and changed hands again during the week for towards the mid $4 [...]
BY Mal James 24th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 75% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction.
Both those stats indicate that the bounce was back in the market this week, after last week’s more subdued market.
$M+ Clearance Rates:
Boroondara – 88% on [...]
BY Mal James 21st November 2012
2012 Summary
The talk was all doom and gloom at the start of 2012 after a bad finish to 2011 by the market. This talk flat lined the Autumn market with basically no action whatsoever, save a surprising burst around Easter with 5 at $10,000,000 changing hands. We went into Winter in a downward spiral with [...]
