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Bayside Weekly

Bayside Weekly
This week Bayside performed admirably with a 68% clearance rate and 1.5 bidderman – figures similar to the overall $M market. 5 out of the 8 auctions we reported on sold today. There are fewer auctions next week but steady increases in auction numbers for the early weeks of December. A land value sale of note [...]
Port Phillip Weekly

Port Phillip Weekly

Two similar properties went up for auction this week with two very different outcomes. The first was 12 Crimea Street, St Kilda – a grand two-storey Victorian terrace on 611 sqm of land, managed by Simon Gowling of Marshall White, quoting $2.5m plus. The property had been renovated some time ago and was liveable in its [...]
Port Phillip Weekly

Port Phillip Weekly

After the hype of ‘Super Saturday’, stock supply returned this weekend to the kind of levels we have been seeing over the last 18 months, and the James Clearance Rate of 50% for Port Phillip was not what agents would have hoped for. On reflection, Super Saturday was real estate’s equivalent of the Melbourne Cup, [...]
Stonnington Weekly

Stonnington Weekly

This week in Stonnington was a little slower paced than the past few weeks but the energy was not subdued. The clearance rate was 46% and Bidderman was 1.3. Interestingly, of the 8 auctions we covered today, only one was bought under the hammer: 18 Central Park Rd Malvern East with Rae Tomlinson of Marshall [...]
Lack of exciting stock on the market brings on a quieter weekend

Lack of exciting stock on the market brings on a quieter weekend

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 [...]
“The Oxygen of good stock and buyer and seller confidence continues to be given to the market” – Rae Tomlinson of Marshall White. We agree.

“The Oxygen of good stock and buyer and seller confidence continues to be given to the market” – Rae Tomlinson of Marshall White. We agree.

Stonnington Weekly

Stonnington Weekly

This week was all about Super Saturday in Stonnington. But the action actually started after last Saturday’s auctions and the momentum built throughout the week. The clearance rate was 61% today. Of the 12 auctions we reported on, only 2 sold under the hammer. 2 sold after and 3 sold before. My day today started very [...]
Boroondara Weekly

Boroondara Weekly

A busy day (that started off with a near perfect ¾ latte at Porgie and Mr. Jones at 8.30am). At all six auctions I attended, there were good numbers of people (averaging 100), and across the 14 auctions attended by our advocates in Port Phillip, only three were passed in. A great result for the owners [...]
The 6 Auction “Majors”

The 6 Auction “Majors”

Published in the Weekly Review It attracts more anticipation than a Grand Final, and a bigger array of stars than the Cup Carnival. And the results are more telling than the Bathurst 500: that’s what Super Saturday, October 27th represents to the largest array of buyers and sellers on offer this year. This coming weekend was always [...]
Boroondara Weekly

Boroondara Weekly

It was a busy day around the Boroondara auction traps this weekend. Of the 12 auctions we monitored, 9 sold, representing a fairly healthy 75% clearance rate. While the Melbourne-wide Bidderman sat at 1.5, Boroondara Bidderman was slightly higher, at 1.7. We certainly feel the market has lifted; numbers at properties are up, sentiment is [...]
Port Phillip Weekly

Port Phillip Weekly

This week in Port Phillip two very different properties got the heart fluttering – the first was an old bakery at 201 Liardet Street in Port Melbourne a property managed by Oliver Bruce of Marshall White which over the last two weeks has seen record numbers attend opens. The second was 71 and 71 A Grey [...]
Port Phillip Weekly

Port Phillip Weekly

This weekend in Port Phillip we saw limited properties on offer, much of which wasn’t quite A grade. While there was reasonable bidding at two of the auctions I covered, there were no volcanoes and two properties were passed in. History would suggest that those that passed in will sell within the month [...]
Spring’s first big test – Pass is the mark.

Spring’s first big test – Pass is the mark.

At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes. This weekend was the Spring Market’s First Big Test, with [...]
Boroondara Weekly

Boroondara Weekly

It was a quiet day today – and boy it was cold! Just when you think you can put your favourite scarf away for the year, you need to bring it back out! I attended four auctions and while two did sell under the hammer, the other two passed in with no bidding at all. [...]
Stonnington Weekly

Stonnington Weekly

This week there was good activity on auction day, in contrast to last week in Stonnington.  The clearance rate increased to 76% and some good agent work was evident. Example: 9 Armadale St Armadale with Michael Armstrong of Kay & Burton. This is a less than A grade home, although it has an A grade position. I went [...]