BY Mal James 18th April 2020
Looking to establish an industry-wide, single style online Auction platform – managed by each agent?
It’s Saturday 6.00 pm and this week felt a little more positive in the Inner Melbourne high-end property market.
Why?
We think we all know we are at a bottom in terms of activity (almost none) – so it can only be up [...]
BY Mal James 29th February 2020
What a difference a week makes and who can figure – go figure.
Last week the Inner Melbourne Clearance Rate was 59%. This week, after the biggest economic fall since the GFC, it’s 81%.
Bidderman has gone up from 1.6 to 1.8 on 42 auctions.
Volcanoes have doubled to 20% (last week 10%) and ducks have halved to [...]
BY Mal James 22nd February 2020
G’day and welcome to “The Opening Market 2020”. Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear.
You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
BY Mal James 19th October 2019
We live in Volatile times!
And that means right now $Millions are on the line for buyers and sellers on 5 key auction specific strategies.
Volatility doesn’t just happen on the way down – it also happens on the way up!
When a market is changing, by logic it is volatile, as it’s moving from one phase to [...]
BY Mal James 7th September 2019
Today was the second week of the 3-week 100 Auction test and what we saw in the strongest way was the return of the Volcano and the effect it has on the overall psyche of the market.
From the 31 Auctions we covered today 8 or 25% were Volcanoes – meaning 4 or more bidders.
It’s these [...]
BY Mal James 10th August 2019
Well, did you have a good break – we did, thanks for asking!
First big stats and market reads will come at the end of this month, when we begin the Spring 100 Auction Test. Today is a Marketnews Lite – no D&M’s, no stats – just easing ourselves into Spring and looking forward to it.
Auction [...]
BY Mal James 18th June 2019
Estate Agents are solving homelessness just like people solved polio, road toll and guns
Well done Kay and Burton, Marshall White,
Jellis Craig, Fletchers, Nick Johnstone,
Greg Hocking and Buxton
28,000 Melburnians are homeless – how many is that?
For every working Melbourne agent, there are two homeless people? OMG! Evidence
Good news: Estate Agents REDUCED 253 evictions with early intervention phone calls
253 [...]
BY Mal James 1st June 2019
May 2019 Market Summary – brighter outlook on very low stock levels
Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1).
Three simple things have come out of the coverage.
One: Everybody expected bad – that’s why there were so few auctions. [...]
BY Mal James 25th May 2019
At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing.
In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep.
Evidence – clearance rates are on the improve and the hammer rate (homes [...]
BY Mal James 18th May 2019
Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.
We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
BY Mal James 16th February 2019
Last week we focussed on buying (and thank you for the emails and texts). This week our Market News’s main focus is buy/sell management (the fastest growing real estate market segment).
Welcome to the early start of Inner Melbourne Top End 2019 auction markets.
We are witnessing the initial rumblings, ahead of the market’s first decent hit-out, which is next Saturday – [...]
BY Mal James 25th November 2018
9 am \ Surrey Hills
Day started with a visit to an off-market home in Surrey Hills. This home has been for sale for over a year. Why? Price. To be an A-grade property you need to have all three Ps – good Property (building), good Position (land) at a good Price (market). This home had two out of three.
In [...]
BY Mal James 27th October 2018
Its 6pm Saturday, week one of our fourth and final 2018, 3-week 100 Auction, Inner Melbourne Family Home, Market Temperature Test. Try saying that a few times! The results above and supporting data below are self-explanatory.
Yes? No? Maybe?
Have you been to an auction, EOI or off-market lately – is it a bit hit and miss?
Not really. In fact, we [...]
BY Mal James 13th October 2018
This is the first of two articles about what is really happening in our markets.
We live in exciting times in the business, in the emotion of and in the life of Melbourne Top End real estate.
Is it a dawn or is it a midnight?
Who knows but it is one of the more interesting times we have seen, [...]
BY Mal James 8th September 2018
At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8).
Last week our heading was Wipeout – it was a shocking day on the streets (31%) – today (66%) the results are a bounce back to the previous week (61%) [...]
