BY Mal James 30th September 2010
September Executive Summary:
Demand: Solid and increasing
Reported Boughts: 46
Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875
Supply: New Stock Low
Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
BY Mal James 24th July 2010
In Stonnington this weekend we monitored 14 properties, of which 8 were reported as bought before, at or after auction.
Bidderman was a surprising 2.3 – surprisingly good given the stock quality
This gives a clearance rate of 57%. For the corresponding week in May of this year we monitored 18 properties at auction at which 12 [...]
BY James Buyer Advocates 27th February 2010
When a relatively small townhouse on Clendon Rd (17B) sells for $190,000 more than it was sold for 9 months ago ($1.81million vs $1.62million) you can safely say that the market continues to be very strong. How Strong? Well, on this example, the annualized increase is close to 15% and there were 3 bidders chasing [...]
BY Mal James 30th May 2009
The million-dollar-plus market is looking reasonably stable in Stonnington on low stock levels.
63 Albany Toorak (Coonara) with Kay and Burton is back on the market again and it will be interesting to see what happens. It sold early last year through Marshall White’s Marcus Chiminello for a reported $8 million. Since that [...]
BY Mal James 19th July 2008
31 Clowes Street, South Yarra.
This is one of the better inner city residences I have been to. Luxuriously appointed kitchen and bathrooms and very nice living spaces. The home was completely refurbished in 2007 by Nicholas Day and absolutely oozes class. We rated this property 638/1000.
Positives [...]
