BY Mal James 7th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ properties in Melbourne was 55% on the 29 auctions we attended. We covered around half the $M+ auctions this weekend. May is looking very lean for auctions and today was almost a non event auction wise
The Weekly Review Bidderman, our demand indicator, was 1.2 bidders [...]
BY James Buyer Advocates 9th April 2011
Key Points:
Clearance Rate for quality homes was stronger than our stats show today
If you went to auction in Brighton, Brighton East or Hampton today you had a good chance of selling with clearance rates 81% (13 from 16). Further down the bay like Sandringham and Beaumaris really struggled.
Hampton 7 Raynes Park Road with Stephen Wigley [...]
BY James Buyer Advocates 2nd April 2011
Key Points:
Brighton is like Stonnington at the moment, if it’s good its selling. The market has eased, but unlike last year a number of vendors have responded. However nobody says things are moving upwards yet. What are stock levels going to be like Post Easter – will the significant overhang be taken up, removing [...]
BY James Buyer Advocates 19th March 2011
Key Points:
The level of market softness outside the heart of Brighton surprised most
Brighton 29 St Ninians: Passed in on a vendor bid of $7,300,000.
Brighton 18A Martin: Passed In for $3,300,000. 1 bidder.
On a buying note the Golden Mile in Brighton is still alive and well with Regina Schmidt and Brian Devlin from Buxton getting 2 [...]
BY James Buyer Advocates 27th November 2010
Highlights:
Hampton’s Golden Triangle continues to perform very strongly with 3 Lorraine Hampton (Nick Johnstone of JP Dixon) over $3,000,000; 23 The Avenue Hampton (David Hart of Buxton) $2,350,000 and fringe there but actually Brighton Beach – 10 Menzies Brighton (Sam Paynter of Hodges) $2,600,000. These, the three buys at this level we reported a few [...]
BY James Buyer Advocates 20th November 2010
Key Points: We saw a steady clearance rate of 53% on the 17 auctions reported above $1-million dollars. Like the rest of Inner Melbourne, activity before and after auction was prevalent, as we only saw 1 property sell under the hammer out of the 6 we monitored. Next weekend will be a mini test with [...]
BY Mal James 17th November 2010
While the value you place on a property is ultimately the most important factor in influencing what you are prepared to pay, you also want to know its market value. But how do you know what that is? Is there some secret market value formula?
No there is no single definitive “sticker price” market value figure [...]
BY Mal James 2nd October 2010
The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
BY James Buyer Advocates 28th August 2010
Key Points:
We attended nine auctions across Bayside this weekend. Of those, only two were bought under the hammer.
While Brighton was very average at auction today, it was the stellar performer for stales (long term unsolds) over $3m+ this week. Behind closed doors at Kay and Burton, there was plenty of action.
We have a special report for you [...]
BY Mal James 14th August 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer.
On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
BY James Buyer Advocates 24th July 2010
Bayside this week had a clearance rate of 7 from the 11 monitored properties this week – or 63%. This was up on the 40% to 50% of the last few weeks in May, but it was on a smaller turnover.
Bidderman, our demand indicator, was 1.3 bidders per auction – which is still lowish if [...]
BY Mal James 17th July 2010
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%.
Our Demand Indicator Bidderman was 2.2. Hmmm – an interesting increase but it was off a very low turnover.
Today’s Highlights
1) Bidders were present at 18 of the 22 auctions we covered – and at three auctions there were 6+bidders
23 [...]
BY James Buyer Advocates 5th June 2010
A bit of gloom maybe an understatement. We covered 10 properties auctioned in Bayside today over $1,000,000 and saw a clearance rate of zer0! That’s right, nothing was bought under the hammer today. 6 bidders in total, and Park Road, Sandringham had two of them. That’s Bidderman at 0.6.
Properties to pass in today on vendor bids [...]
BY James Buyer Advocates 29th May 2010
Of the 9 properties we covered in Bayside today, 6 passed in. Ten bidders for the 9 properties, although Leigh Hallimore of Buxtons did have three of the ten bidders at 41 Lynch Crescent, Brighton. Bidderman was at 1.1 for Bayside.
7 Grosvenor Street, Brighton (Nick Johnstone of JP Dixon), 960sqm and north facing rear, near the [...]
BY Mal James 1st May 2010
Six out of seven in Brighton East were bought at auction today but at expected levels, not ridiculous prices. The highlight for me being that after a flurry of $2m offerings in previous weeks; you can still find some reasonable $1m to $1.5m buying in Carrington, Grant, Griffin, Rogers, Plunket and Margaret Streets as evidenced [...]
