BY James Buyer Advocates 13th November 2010
Biggest Sale: Elwood, 18 Addison St, Kaine Lanyon (BenMac); Under the hammer, $1,540,000, 3 bidders
“After a slow build up, 18 Addison Street, Elwood had three bidders all keen to make this high rating property their next home. Auctioneer Kaine Lanyon worked hard to dodge the showers and keep the interest of the widely dispersed crowd all [...]
BY Mal James 13th November 2010
Key Points:
Of the 7 Stonnington auctions we attended, only two were bought under the hammer and one after auction – but overall not a lot on offer
Off Market and $3m+:
32 Linlithgow, Toorak (Jeremy Fox of RT Edgar) was the biggest sale of the day (see report below)
5 Beech St, Malvern East (Iain Carmichael of Benmac), [...]
BY James Home Ratings 13th November 2010
Key Points:
Six bidders each at two hot auctions at just under $1 million at 21 Riddell, Elsternwick with Kaine Lanyon of Benmac and 46 Campbell, Coburg with Duncan McPherson of Nelson Alexander
Biggest auction sale was at 1&3 The Vaucluse, Richmond with Gerry Cantwell from Jeffrey Wilson, selling for well over $2,000,000 or around $3,500 [...]
BY James Buyer Advocates 13th November 2010
Key Points:
Clearance Rate this week on the almost 50 auctions over $1 million we monitored was 58%. Not the usual we would expect in this area, but a lot better than last week.
Stock quality on offer was below average, so this weekend represented a bit of a bounceback. Only three properties priced at more than [...]
BY Mal James 10th November 2010
Last week we pointed out that valuing a home is a bit like different vegetable soup recipes. Everybody has a different way of doing it. However, in the end the most important opinion of value is yours.
But that doesn’t mean you should ignore what the rest of the market (the majority of other informed buyers [...]
BY Mal James 6th November 2010
The James $M+ Hammer rate was 23% for the 31 auctions we attended. That means for every 10 auctions that were bought under the hammer, 30 were not. By 6.00 pm a few more properties that had passed in at auction changed hands and the James $M+ Clearance rate had risen to 45% on the [...]
BY James Buyer Advocates 6th November 2010
Key Points:
The worst clearance rate day for Boroondara this year at 34%, but overall the stock on offer was uninspiring
We covered 10 auctions in Boroondara, with only one selling under the hammer – a big difference to previous weeks
Only four bidders across all 10 auctions – three of those at 18 Currajong, Camberwell (Maurice di [...]
BY Mal James 6th November 2010
Key Points:
The big issue of the last two weeks week is what is happening in wash up after the Toorak – Malvern debacle on Super Saturday.
To recap on Super Saturday’s result: In Stonnington, of the nine auctions we witnessed on Super Saturday, none sold under the hammer, and the final Clearance Rate was 46%. Bayside’s [...]
BY James Buyer Advocates 6th November 2010
Key Points:
We attended seven Bayside auctions, with only one selling under the hammer
In Bayside since Super Saturday we’ve seen some good activity, especially in Brighton. This graph (click on to enlarge) shows the clean-up of unsold stock in the last two weeks.
We believe the 50% clearance rate figure for Bayside is being dragged [...]
BY James Buyer Advocates 6th November 2010
Key Point
Poorest $M+ Clearance Rate for the Year
Four $M+ Buys in Eltham and three in Lower Plenty, including the riverfronted 109 Sweeneys Lane that was sold mid week by Graham Morrison for around $2.5 million.
Around the Grounds:
Williamstown, 26 Hanmer: Adrian Butera (Compton & Green) After Auction, $1,350,000, 1 bidder
“With the sun shining gloriously and the [...]
BY James Buyer Advocates 6th November 2010
Key Point
There were three bidders at both hammer auctions and none at the two pass ins.
Biggest Sale: Elwood 45 Dickens St: Jason Scillio (Kay & Burton) Under the Hammer, $3,535,000, 3 bidders
“A large crowd gathered in the front garden of this magnificent property to hear Jason Scillio provide a well prepared preamble prior to inviting [...]
BY Mal James 26th October 2010
With Super Saturday done and dusted, and the primary focus of the real estate industry now on which of Bart’s ponies has the best chance in the Cup, we can return to our series on worth, price and values.
A fortnight ago we talked about how a home’s worth can mean different things to different people. [...]
BY Mal James 23rd October 2010
At 6pm on Saturday, the James $M+ clearance rate was 55% for the 49 auctions we attended. Bidderman, our Demand Indicator, was at 1.3 per auction.
So where is the market really at on Super Saturday? Who passed the test and who didn’t? And what we can expect in the run home till Christmas?
In summary, Super [...]
BY James Buyer Advocates 16th October 2010
Key points:
We attended nine auctions in Boroondara. Four were bought under the hammer, three were bought after and two remain unsold
13 Kirkwood Drive, Camberwell (Steven Abbott, Jellis Craig) had six bidders, while 5 Vaughan Ave, Canterbury (Tim Heavyside, Fletchers, bought for $1,901,500) had five.
Biggest sale of the day was 27 Grange Rd, Kew (Richard Earle, [...]
BY Mal James 16th October 2010
Key Points:
Of the eight Stonnington auctions we attended, only two were bought under the hammer – 19 Karma Ave, Malvern East (Karl Fitch, Noel Jones), for $1,241,000, and 1 Nareeb Crt, Toorak, (Jeremy Fox, RT Edgar), for $2,710,000.
Karma Ave had five bidders, but there were only five bidders in total across the remaining seven [...]
