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Stonnington Weekly

Stonnington Weekly
Last weekend was the first test of the market and Stonnington passed with almost an “A” grade (in the old school standards), with a healthy 78% clearance rate.  This weekend we went even better with a strong 85% clearance rate overall. Of the 8 auctions we covered,  2 were bought before, 2 had no bidders and [...]
Depth of demand holds up on another weekend of big numbers.

Depth of demand holds up on another weekend of big numbers.

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 [...]
Boroondara Weekly

Boroondara Weekly

After a reasonable start, on February 16, how will the market respond to larger auction numbers? February 23 represented our first Super Saturday of 2013, with 147 auctions for properties over $1,000,000. The results were strong today for Boroondara in the $1m plus market. Bidderman remained firm at 2.2 and the hammer rate a very [...]
Stonnington Weekly

Stonnington Weekly

This year seems to have started where it left off – with a sense of buyers wanting to transact. Stonnington Snapshot Last year we did almost a third of our business for the year in the last 6 weeks of the year. In fact, we worked on deals till Christmas. Of particular interest were a [...]
Bayside Weekly

Bayside Weekly

Bay View Welcome to the first Bayside market wrap for 2013. From what I’ve seen so far this year there seems to be a positive vibe in the air – agents are optimistic, buyers more plentiful and we are starting to see some good new stock hit the market. For families this means some good choices emerging [...]
Boroondara Weekly

Boroondara Weekly

Well, it’s great to be back! It’s great to be looking at properties again and great to be enjoying good Melbourne coffee! I went to most of my favourite haunts in the past fortnight, including Liar Liar, Porgies + Mr. Jones, Ora, and Axil, and all are still on the mark and producing excellent coffee. Last [...]
Stonnington Weekly

Stonnington Weekly

As this is the final Marketnews for 2012, some highlights below Most memorable auction; 3 Royal Crescent Armadale (Mark Wridgway) on 16th June 2012 With the two bidders at 50 paces, mobile phones in hand, the crowd of 80 soon took sides including some cheering of the bidders and a feeling of battle soon emerged.  Auctioneer Mark Wridgway [...]
Boroondara Weekly

Boroondara Weekly

A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were: 28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton) 3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon) 5 Urquhart Street, Hawthorn (Antony [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, the start of 2012 mirrored most of 2011, with stock-shortage being the buzz word amongst agents and buyers. As the year progressed, we saw vendors adjust their expectations as agents finally realised they had to work harder to make vendors understand that the value of their property may have fallen. The interest [...]
Overall a Good Finish to the Year 2012!

Overall a Good Finish to the Year 2012!

At 6pm on Saturday, the James Clearance Rate for $M+ was 58% on the 31 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 2 bidders per auction. Today was back to a little quieter in terms of clearance rates, but there were some very strong results in terms of bidder numbers. Overall [...]
Port Phillip Weekly

Port Phillip Weekly

The sale of 29 Albert Street Port Melbourne by Frank Callaghan of Frank Gordon Real Estate this weekend was an indication that there is warmth in the market at around $1 million – particularly when the fundamentals are right with a property, as they were with Albert Street. It is a period home, has good [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
The bounce is continuing in the later spring market.

The bounce is continuing in the later spring market.

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 [...]
Boroondara Weekly

Boroondara Weekly

It was a reasonable day on the Boroondara auction streets on Saturday, although it was still a little subdued compared to Super Saturday a few weeks ago. Of the 12 auctions we attended, 9 sold and 3 passed in (75%), which aligns closely with the overall $1m+ market in Boroondara (72%). Some observations: The hammer rate, where [...]
Stonnington Weekly

Stonnington Weekly

This week seemed fairly quiet across the board in terms of crowd numbers at Opens and at auctions. Agents were not too enthusiastic about new listings for December and those that I spoke with, were talking up vendors wanting to wait until February to list their properties for sale. Today the clearance rate for Stonnington was [...]

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