BY Mal James 10th November 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 61% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
That low Bidderman rate reflects how the market felt this weekend – quiet.
This lack of activity is hardly unexpected given that the Melbourne market is [...]
BY Mal James 27th October 2012
Super Saturday Week Ending 27th October.
The highlight for the week was 3 Bonleigh Avenue Brighton (away from Auctions) – Golden Mile waterfront at $6,500,000 or $8,643 per sqm.
Three things that impress about this Nick Johnstone sale
Nick Johnstone and his team are providing a fresh voice in Brighton real estate and please we just got knocked [...]
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 James Buyer Advocates 11th August 2012
There were more auctions in Boroondara this weekend compared to last weekend (29 versus 21), yet the clearance rate fell away significantly (86% versus 58%). Perhaps this is due to more higher-end properties being auctioned. There were some ‘big’ pass-ins, namely at 14 Molesworth Street Kew, 44 Chrystobel Crescent Hawthorn and 13 Raven Street Kew [...]
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 May 2012
End of Autumn in a nutshell:
Some life at the Top of the Top End with sales over $7m under the hammer at Seacombe Brighton (John Bongiorno) and Mayfield Malvern (Gerald Delany) and through private sale at Domain South Yarra (Andrew Baines) and Hampden Armadale (Jeremy Fox). This follows on from last month’s 5 sales circa [...]
BY Mal James 21st April 2012
Saturday April 21st: 22 South Road Brighton (Peter Hickey) Bought After $3,255,000
James Auction Report: Thought I would come to see the only $3m auction on offer today – that is if it is actually gets $3m+. Auctioneer Mark Earle strides out in front of a crowd of around 60 and launches into a synopsis of [...]
BY Mal James 3rd December 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 46% on the 24 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3.
This Weekend’s Market
It was a weekend that exemplified what 2011 has mostly been about – big enough crowds, and even spirited bidding in some cases, but ultimately a failure by [...]
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 30th April 2011
Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends.
Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
BY Mal James 16th April 2011
With not much on offer this weekend, only one over $3m ( Steve Abbott – 68 Hopetoun Rd, Toorak) and minimum quality at the lower end, my thoughts turned to family, holidays and the Pies. Winter will be a time of continuing opportunity, but as buyers we will have to work hard to find them. [...]
BY Mal James 9th April 2011
Key Points:
A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought.
Although there was a lot on offer – it was a mixed bag quality wise.
If there is such a thing the good home clearance rate index would have shown a better result than the [...]
BY Mal James 31st March 2011
Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
BY Mal James 19th March 2011
Key Points:
Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically.
Nobody bid at the 19 Kingston St Malvern East auction (Iain Carmichael) at $4,250,000 but 2 bidders emerged post auction and fought it out afterwards to a price well in excess of the reserve and well in [...]
BY Mal James 27th November 2010
Week Ending November 27th:
The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
