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Basically the little that was put up – SOLD.

Basically the little that was put up – SOLD.
My Week: An interesting week for me visiting homes in Brighton, Caulfield, McKinnon, Elsternwick, Elwood, Middle Park, Albert Park, Toorak, Clifton Hill, Abbotsford, Collingwood, South Yarra and Prahran- the life a traveling investment property negotiator. The standout property for me was 250 Kooyong Road Toorak. Designed 30 years ago by architect Kevin Borland, this two level [...]
The Block broke all the rules in the book

The Block broke all the rules in the book

The Block was great entertainment – but for me it was also the best reality TV show in a decade because it showed the harsh reality of what happens when you break all the rules in the property investment book. I took the opportunity to go through each property a few weeks before the auctions and [...]
So far it’s been a year of low quality stock undermining buyer demand

So far it’s been a year of low quality stock undermining buyer demand

At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
Nothing much happening – as expected for this time of year

Nothing much happening – as expected for this time of year

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Less than a handful of buyers bid on a very low auction day in $M+ Bayside

Less than a handful of buyers bid on a very low auction day in $M+ Bayside

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Strong day in Port Phillip with 67% clearance rate at $M+ auctions

Strong day in Port Phillip with 67% clearance rate at $M+ auctions

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact [...]
A very low stock day in Boroondara with only half selling under the hammer

A very low stock day in Boroondara with only half selling under the hammer

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact [...]
Stonnington almost identical to Boroondara – a very low stock day and around 50/50 on boughts/pass-ins

Stonnington almost identical to Boroondara – a very low stock day and around 50/50 on boughts/pass-ins

James Private Client Briefings contain far greater and more client specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne. For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective contact Gina on [...]
Nervous Bidders are losing the plot – and costing themselves a lot of money.

Nervous Bidders are losing the plot – and costing themselves a lot of money.

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 [...]
Uncertain times and new $3m+ stock not as strong as May last year

Uncertain times and new $3m+ stock not as strong as May last year

Week Ending 30th April: Back from a week or two off, this market now, has a fairly clear run till Christmas, with a only brief breaks for a couple of holiday weekends. Over the next four to six weeks we should see more choice and some reasonable activity (although not expected anywhere near [...]
Double-fronter or two storey, single-fronted cottage?

Double-fronter or two storey, single-fronted cottage?

  Should you buy a double-fronted house or a single-fronted cottage with upstairs extension? You might think there’s no contest, especially when it comes to a Victorian style  house. Why would you buy a house the width of a single room plus hallway, when you could have a nice wide house with two cheerful windows either side [...]
Market Mojo returns – but is it a One Day Wonder?

Market Mojo returns – but is it a One Day Wonder?

At 6pm on Saturday the James Clearance rate for $M+ was 71% on the 34 auctions we attended. WOW – 71%, a big change from last month. Bidderman, our demand indicator of bidders per auction, was at 1.8. So on our biggest $M+ auction weekend so far this year, when you would expect buyers [...]
It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

Key Points: A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought. Although there was a lot on offer – it was a mixed bag quality wise. If there is such a thing the good home clearance rate index would have shown a better result than the [...]
New stock is limited and being taken up by auction buyers

New stock is limited and being taken up by auction buyers

Key Points: There is not a lot of new stock on offer due to Grand Prix interruptions and now we have Easter approaching so lean times for new offerings. Nothing approaching or over $2m reported as bought in the last week. Damian O’Sullivan, Marshall White, Albert Park: “We feel the market is very balanced at the moment as [...]
The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

Key Points: Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter.  19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]