oc | Sunday 1st November

Market News » Property


They are Back!

They are Back!
How was your week? To be frank, I have really liked a lot about our Covid-19 time. There has been more time, my mind is clearer and my focus more meaningful. Relationships for me are better and I love my work even more. Executive Summary Its 6.00 pm Saturday – what a week Street Auctions are back Marketnews Multi [...]
Light on the Horizon

Light on the Horizon

This may have been the last of my regular, really long, walks for a while. It’s 6.00 pm Saturday and what a change in outlook this week from last week. We have moved from pause Pre-Easter, to part-time Post-Easter, to full-time from next week. The phones are ringing again, meetings and walk through of homes are happening and [...]
The market can get better, quicker.

The market can get better, quicker.

Walking in the weather this week was mind-clearing and I miss those mountains. It’s 6.00 pm Saturday and it’s been a solid week with the market seemingly turning one small corner, as a few more venture back out. Two sweet little deals over the line (Sam Rigopoulos from Jellis Craig and Mark Konishi from Belle Property), the [...]
2nd half up market – here’s how

2nd half up market – here’s how

Executive Summary: Improve our economic situation immediately at NO ADDITIONAL COST to governments through a property market improvement. 3 key components of actionable demand, as opposed to underlying demand where friction and barriers lie: Belief, Trust and Money 3 property market lubricants – the WD-40 if you like –  that will reduce friction/barriers thereby encouraging underlying demand to move to [...]
New Decade – New Market

New Decade – New Market

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 [...]
Pause

Pause

It’s 6.00 pm Saturday and our week has finished a lot better than it has for many others. We genuinely feel for you out there. Today in Inner Melbourne high-end property we are focussing on; What has happened in the market this year What is happening right now Our short and longer-term futures with Inner Melbourne Property. We will do [...]
Some very strong results. Some very weak results.

Some very strong results. Some very weak results.

The Very Strong 4 bidders – Volcano – $4,322,500 – 23 Duke Street, Kew – Walter Dodich This was a home we were intimately involved in the sale management of from start to finish and it was brilliantly sold by Walter Dodich. He priced it well, marketed it well and auctioned it well. Whilst it got slightly more [...]
Opening Market 2020 – first results surprise

Opening Market 2020 – first results surprise

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 ……. [...]
National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.

National Trust and Council’s Individual Home Heritage Policies – We respectfully disagree.

Opinion This is a response to Kristin Stegley’s (The Age Sep 17th) and the Age editor’s (Sep 3rd) articles. I respect their positions and I respect the opinions expressed. However, I do not support The National Trust and Melbourne Metro Council’s heritage protection orders going onto on individual homes if the owner is in disagreement. Background What is [...]
Life is good

Life is good

G’day Mal James here. I wrote this piece as I wanted to. I have written about how I feel in this market and I’m not asking you to feel the same way. So it’s ok to switch off now rather than wade through my mud, but there are some sprinkles of gold in here by the way! Life is good I love what [...]
How bad can it get?

How bad can it get?

From all recent news reports, this year is going to be a “bad one” in property. And by definition, a “bad one” is poor quality or not as hoped for. We’re sorry, but we just don’t see “bad”. We see the market, as we left it in 2018, a superior quality one – more sophisticated and better for [...]
Seller Advocacy and 11climbers

Seller Advocacy and 11climbers

  As of 2018 $5,000 from each Seller Advocacy job is donated to 11climbers.org. The money donated will go towards alleviating Melbourne Homelessness and increasing the number of life changing surgeries for African young people. The balance of any fees will go to James Buyer Advocates.   Giving is the most selfish thing I do – it gives [...]
Market moving from regulated to unregulated?

Market moving from regulated to unregulated?

At 6.00pm the James Clearance rate for $M+ Inner Melbourne family homes was 50% on the 26 Auctions we covered in the Pre Xmas 100 Auction test today. James Bidderman that is, bidders per auction, was 1.2, indicating the overall market is still easing/falling in price.  Bidderman needs 2 to tango and 3 to party – 1 is the loneliest number if you’re [...]
Oversupply of unwanted and shortage of wanted

Oversupply of unwanted and shortage of wanted

We bid with another 7 bidders in a boardroom auction* last Thursday on the same day AMP predicted a 20% drop We bid with 8 other bidders in May at a public auction in the same week there was a 9% clearance rate in Kew 6 weeks ago we fought for a client $1.5 million above the quote in a fierce bidding [...]
Are You Awake To What Is Really Going On?

Are You Awake To What Is Really Going On?

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, [...]

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