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2014 is going out with a bang!

2014 is going out with a bang!
At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2.  After a slight breather last week, it looks like the year [...]
The Top End of Town – November 2014

The Top End of Town – November 2014

Week Ending November 22 The Very Top End of Town in 2014 Strong, very strong. In fact ultra strong finish to the year and so much is happening behind the scenes – off market. To date this year we have bought more off markets than in any other year EVER. In the last month we have purchased 13 [...]
October Top End Market

October Top End Market

Week Ending Saturday, October 25 James Buyer Advocates are busy: Number of auction homes involved in buying this week was well into double figures. Our mid week activity securing homes BEFORE AUCTION for clients was intense. At the time of writing we had bought before in Toorak (Michael Armstrong), Mont Albert North (Mark Read) and Glen Iris (Paul [...]
Apartments

Apartments

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 [...]
Stock, Stock, Stock and it’s Good!

Stock, Stock, Stock and it’s Good!

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 66% on the 32 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.3. Both Clearance and Bidderman rates are solid as we head into two big auction weekends before the Melbourne Cup. How good is [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

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 [...]
Apartments

Apartments

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 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot After last week’s low number of auctions we had 25 auctions to keep a track of this week. The next two Saturdays see 29 and 31 auctions respectively, so activity seems to be heating up. Half the auctions slated for September 13 centre on Armadale and Prahran so that could be a good guide [...]
After a few quieter weekends, this one was a major volcanic eruption!

After a few quieter weekends, this one was a major volcanic eruption!

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 at a whopping 2.6. Only twice this year can we remember it higher. Sure it’s only one day, and maybe it’s the weather, but [...]
Inner City and Northern weekly

Inner City and Northern weekly

Has Spring Arrived Early? It felt hot out there today and indeed we felt the build-up during the last week or so. Today we bought 2 at competitive auctions (low $1m’s and low $3m’s) bought at Off-market circa $4m, missed at one of the longest bidding auctions I’ve been to (at the mid $2m’s) and during the [...]
Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

Auction stock still low, but there’s a reasonable amount of ‘oomph’ out there in the market.

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.1. Another strong result. We are still on low auction stock, but there is still a reasonable amount of oomph in the [...]
The market is back and the signs point to strength

The market is back and the signs point to strength

At 6.00 pm on  Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 26 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.2. This weekend’s first run of the high end auction market after a good spell in July saw a “strongish” start on limited [...]
Auctions quieten down over winter – it will now be about off-markets and private sales

Auctions quieten down over winter – it will now be about off-markets and private sales

Week Ending Saturday, June 21 As we head into the winter break, it’s worth reflecting on how the market has performed so far this year. What we saw this weekend was a continuation of an extraordinarily up and down year.  We’ve had a slew of Super Saturdays, weekends when it looked like the market had gone [...]
Apartments

Apartments

Apartment Action – What’s it worth? Most of us would agree that two similar houses in the same street normally sell for about the same price, so why doesn’t this happen with apartments? With the houses, we can see if the land is about the same size and, although the price may vary a bit to [...]
Bidders out in force on a big weekend

Bidders out in force on a big weekend

At 6.00 pm on Super Saturday, the James Clearance Rate for Melbourne’s $M+ property was 79% on the 28 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was at 2.9. Not only is that higher than we’ve seen in a long, long time (we’ll have to check our records) it is [...]

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