BY Mal James 10th November 2012
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 [...]
BY Mal James 27th October 2012
Super Saturday Week Ending 27th October.
The highlight for the week was 3 Bonleigh Avenue Brighton (away from Auctions) – Golden Mile waterfront at $6,500,000 or $8,643 per sqm.
Three things that impress about this Nick Johnstone sale
Nick Johnstone and his team are providing a fresh voice in Brighton real estate and please we just got knocked [...]
BY Mal James 22nd October 2012
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 [...]
BY Mal James 20th October 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 61% across the 31 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction.
While those figures did not represent a noticeable improvement in the stats, we think the market has shifted to a positive note in the last fortnight as you will see [...]
BY Mal James 16th September 2012
Week Ending September 15th:
This Weekend with only 3 from 7 over $3m reported as selling before 6.00pm, we feel this shows the market is continuing to struggle on more offerings than not at the Top End.
9 Scotsburn Toorak (Justin Long) with 5 bidders fighting it out to $4,220,000 is a good case study. The result [...]
BY Gina Kantzas 15th September 2012
$2 million Stonnington townhouses
With last week’s Huntingtower Road Armadale being famous for its Up bid, it was easy to gloss over the fact that 5 bidders wanted a single level downsizer’s home – even though the eventual buyer was a younger couple. Today at 2/2 Somers Avenue Malvern (Kevin O’Brien of Jellis [...]
BY Mal James 15th September 2012
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 [...]
BY Mal James 1st September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 75% – yep that’s 75% across the 28 auctions we attended. The Weekly Review Bidderman was 2 bidders per auction.
WOW, what a difference a week makes! Sure, it may be a statistical anomaly and the sample is small – but it’s the first day of [...]
BY Mal James 31st August 2012
Friday 31st August – 3 from Kay and Burton in Boroondara
Camberwell, 60 Broadway, Tim Picken – big land plus tennis court with a home that needed a lot of work. In excess of $4,500,000
Kew, 9 College, Sam Wilkinson, – great internal floor plan – Street and facade Mmmm – Ok. Just under $3,300,000
Canterbury, 31 Chaucer, [...]
BY Gina Kantzas 25th August 2012
This week saw a mixed bag of results, with good activity seeming to happen during the week than at the Saturday auctions. I saw good crowds at opens on Saturday and stood with big crowds (of 120 people) at the two auctions I attended in Stonnington – Jordan St Malvern & Scott Grove Glen Iris. [...]
BY Mal James 25th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
BY Mal James 18th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
BY Mal James 11th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended.
The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
BY Mal James 23rd June 2012
Mid Year Report:
You know what? Three cheers for Stonnington: because if it weren’t for Toorak through to Armadale there wouldn’t have been much to cheer about now at the top in 2012.
The $M+ market in Boroondara and Bayside and Port Phillip has been noticeably on the nose in 2012 when it comes to positive trends [...]
BY Gina Kantzas 23rd June 2012
Mid Year Bayside Report
The Top of the Top End market right now in Bayside is on life support, as it is barely breathing. This year I can think of only one sale over $5m in Bayside, and that was Marshall White’s $7.77 million sale on Brighton’s Golden Mile last month. Compare this to Stonnington and [...]