BY James Buyer Advocates 3rd August 2013
The stock shortage continues, with only four properties over $1 million going to auction in Port Phillip this weekend. There were six originally scheduled for this weekend, but two were snapped up before auction. They were 346 Canterbury Road, St Kilda West (Gerald Betts, R.T.Edgar) and 103 Harold Street, Middle Park (Michael Szulc, Cayzer Real [...]
BY James Buyer Advocates 27th July 2013
Note: Statistically, this weekend’s numbers are too small to give an accurate summary of the market.
Despite low stock levels and the lack of quality properties for sale this weekend, it was interesting to see the results of a couple of properties sold in Canterbury Road. 271 Canterbury Road St Kilda West (Karl Gillon, Buxton Real [...]
BY James Buyer Advocates 22nd June 2013
With this being the last solid weekend of auctions before the school holidays and the winter hibernation, there were 17 properties for sale in Port Phillip over $1 million. Amongst these were three standout homes, not so much because of their price but rather their quality.
The first is 85 St Vincent Place, Albert Park (Michael [...]
BY James Buyer Advocates 15th June 2013
Winter is here and the property market goes into hibernation for the next six weeks, with most of the key agents leaving the country in search of warmer pastures. Some agents leave in June and others in July, so there is no real pattern to it. Either way they believe there are less deals to [...]
BY James Buyer Advocates 1st June 2013
For the last month I have been like a young boy waiting for Christmas – except it wasn’t Christmas presents I was waiting for, but the sale of 113 Erskine Street, Middle Park.
What made this sale so exciting was that it represented a very rare land sale, as the existing dwelling will probably be demolished [...]
BY James Buyer Advocates 25th May 2013
The big story of this weekend is not a whizzbang auction or a stunning unrenovated Victorian mansion shooting the lights out. It is rather about sales before auction. Of the 38 $1 million dollar plus auctions we covered this weekend, six properties (or 15.7%) were bought before auction. In Port Phillip there were 17 [...]
BY Mal James 24th May 2013
Week Ending 18th May
Off-Market Special
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY James Buyer Advocates 18th May 2013
PORT PHILLIP
With the buzz surrounding the sale of 93 Richardson Street two weeks ago, now being replaced with the question of how long Mark Neeld will remain as coach of Melbourne, there was only a small flicker of interest in this weekend’s auction of 115 Richardson Street, Albert Park (Geoff Cayzer, Geoff [...]
BY Mal James 18th May 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 75% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.6 – which is down somewhat on this year’s average.
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 31%
Lone [...]
BY James Buyer Advocates 11th May 2013
The biggest sale in Port Phillip this weekend was the auction of 49 York Street St Kilda West ( Michael Paproth, Marshall White Real Estate). Michael opened with a vendor bid of $2.8m – a fair enough start given the quote was $2.9m plus, declared the property on the market at $3.41m and sold it [...]
BY James Buyer Advocates 4th May 2013
After all the excitement surrounding the sales in St Vincent Place over the last three weekends, I didn’t expect my heart rate to go into the red zone this weekend. Well it did, with the sale of 93 Richardson Street Albert (Greg Hocking, Greg Hocking Holdsworth). This was a really pretty [...]
BY Mal James 4th May 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 67% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 31%
Lone Rangers (1 bidder auctions) – 6%
Norms (2-3 bidder auctions) – [...]
BY James Buyer Advocates 27th April 2013
PORT PHILLIP
With over 600 people attending the auctions of 73 and 75 St Vincent Place Albert Park last weekend and the weekend before, it was no surprise to see another large crowd of over 250 attending this weekend’s auction of 77 St Vincent Place (Michael Szulc and Geoff Cayzer of Cayzer Real Estate).
Considered the [...]
BY Mal James 27th April 2013
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 2.2.
In terms of bidder demand at auctions, the breakdown was:
Ducks (no bidder auctions) – 20%
Lone Rangers (1 bidder auctions) – 20%
Norms (2-3 bidder auctions) [...]
BY James Buyer Advocates 20th April 2013
With the Grand Prix, Easter and the school holidays over, it seems some normality is finally starting to return to the Port Phillip property scene. The warmth in the market we have been speaking about since the end of last year is showing signs of gaining further momentum.
This weekend we saw an 86% clearance rates across [...]
