BY James Buyer Advocates 5th June 2010
Today was a watershed day for the Boroondara market – a day when the market could no longer gorge the incredible amount it has been gorging (for the last six months). Today was a real (excuse me, while I burp) I just can’t fit in anymore kind of day. Today the Boroondara market which has been [...]
BY Mal James 5th June 2010
Stonnington seems to have got itself back into the game with a second “OK, sort of – almost normal” auction week in the 60’s clearance rate wise. We monitored 23 homes of which 15 were bought; that’s a 65% clearance rate (last week 69%). Of the auctions we attended 7 of the 10 were bought.
What’s happening? Price reduction is [...]
BY James Buyer Advocates 3rd June 2010
Nathan Waterson – Focusing on Stonnington
Kristen: Hi Nathan.
Nathan: Hi Kristen. How are you?
Kristen: Good thank you. I’m here today with Nathan Waterson one of the partners at Bennison Mackinnon, he’s been there for five years now. We are just going to have a bit of a chat about the market and what’s [...]
BY Mal James 29th May 2010
It’s 6pm Saturday and the James million-dollar-plus Clearance Rate on the 41 auctions we attended today was 61%.
Bidderman is 1.7 and it seems to have found a momentary level of some strength on large numbers of auctions.
We monitored 174 $million sales across 56 Melbourne suburbs.
Overall Clearance rate is 60% for those 174 auctions and in [...]
BY Mal James 29th May 2010
Stonnington was surprisingly strong with Park St South Yarra (Warwick Anderson of RT Edgar) going well past $3,900,000 on multiple bidding; 81 Clendon Road Toorak (Gerald Delany of Kay and Burton) selling post auction north of $7,350,000 and 64 Burke Road Malvern East selling before for 3,320,000 or $1366 per sqm for main road land.
The [...]
BY Mal James 22nd May 2010
Its 6.00 pm Saturday and the James $Million+ Clearance Rate on the 36 auctions we attended was 64%.
Interestingly, 20 of the auctions initially passed in. Therefore we witnessed an under the hammer clearance rate of 41% – obviously a number were bought almost immediately afterwards.
Bidderman is up from 1.5 last week to 1.8 bidders per auction this [...]
BY Mal James 22nd May 2010
In Toorak and South Yarra it was 50% at auctions today – which actually wasn’t that bad when compared to the last few weeks. Stonnington today had a reported clearance rate including Glen Iris over $1m of 66% (12 from 18). Not a lot to be taken from specific results today except to say that [...]
BY James Buyer Advocates 15th May 2010
I might as well have stayed in bed today and watched the footy. Look at the Stonnington results below of auctions we attended.
Bought Before, Pass-In, Pass-In, Pass-In, Bought Before, Pass-In, Pass-In, Pass-In, Pass-In.
I suppose Gerald, Iain, Justin, Jeremy and Gowan could of slept in as well – lord knows the bidders did.
Good news is at [...]
BY James Buyer Advocates 8th May 2010
We were scheduled to cover 36 auctions in many suburbs this weekend and 5 properties were bought before auction. The number of pre-sales has been slowly increasing recently and may reflect an emerging group of vendors who have become concerned/ realistic about the price to be obtained at the auction.
The price obtained with a pre-auction sale will [...]
BY James Buyer Advocates 1st May 2010
Of the 11 Stonnington auctions we attended today, four properties sold under the hammer, one before with the balance passed in (one of those six has since been reported as sold).
Of the pass ins, five were passed in with no bids (apart from a vendor bid).
So are vendors getting ahead of themselves?
Let’s first look at what [...]
BY Mal James 1st May 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 36 Auctions we attended today was a solid 75 per cent on good stock numbers.
The “frenzy” feel has left the highest of the higher end market for now as the new age businessman and establishment money, who determine the Toorak market, reconsider after
(1) looking at [...]
BY James Buyer Advocates 17th April 2010
I remember when I was at university, one of my text books was “ How to Lie with Statistics”. Well if you read this morning’s press you will have seen that house prices in Toorak were reported to have dropped by just over 7% in the first quarter of this year. However, it’s hard to [...]
BY Mal James 17th April 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 38 Auctions we attended today was 74%; basically no change on the 77% ( pre Easter Super Saturday -March 27).
Bidderman was down from to 3 to 2.3 bidders per auction but that is still very strong all things considered (stock quality and Easter holidays).
Market Mood
Today was [...]
BY James Buyer Advocates 20th March 2010
If the vendor and/or the vendor’s agent get a touch aggressive concerning the price of a property in this market, the property is more likely to be passed in – and the only way to sell it is to meet the market. Andrew McCann of Ben Mac stills believes there is plenty of demand out [...]
BY Mal James 20th March 2010
It is 6pm Saturday and the James Million Dollar-Plus Clearance rate for the 27 Auctions we attended today was 65 per cent.
Bidderman remained steady at 2 bidders per auction. However 1 in 3 of the auctions we attended today had no bidders. 33% of auctions (on OK James rated homes) had no bidders under the hammer today!!
If you look [...]
