BY James Buyer Advocates 10th August 2013
We had been looking forward to the auction of 155 Clarke Street Northcote (Luke Sacco, Nelson Alexander), a home we rated 659/1000 and one of the strongest looking properties I’ve seen for a while. I was quite taken by this property with its link to the past, yet well renovated for the future. However, unlike the [...]
BY James Buyer Advocates 22nd June 2013
Last weekend I attended the auction of 286 Rathdowne Street in Carlton North, which sold for $1,170,000. I actually liked this home, and given the limited land size, I thought it was very cleverly designed and offered some great lifestyle features. Rathdowne St is one of the great boulevards in Melbourne and some seriously good [...]
BY Mal James 25th May 2013
At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.8.
In terms of bidder demand at auctions, the breakdown was:
◦Ducks (no bidder auctions) – 26%
◦Lone Rangers (1 bidder auctions) – 16%
◦Norms (2-3 bidder auctions) – 32%
◦Volcanoes [...]
BY Mal James 24th May 2013
Week Ending 18th May
Off-Market Special
This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector.
Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
BY James Buyer Advocates 11th May 2013
There were a couple of strong results in Fitzroy North this weekend. A large crowd turned out for the auction of the double-fronted Victorian at 147 Falconer Street, the property was initially passed in at $2,090,000 and after negotiations failed to meet the reserve price of $2,200,000, the two remaining interested parties resumed a ‘mini [...]
BY James Buyer Advocates 27th April 2013
Inner North East
Good supply has been limited recently in this region, as seems to be the case across Melbourne. The $1m – $2m segment is experiencing strong buying demand at the moment, but supply is limited to less than a handful of properties.
In this segment, 71 The Eyrie in Eaglemont and 15 Marshall St in [...]
BY James Buyer Advocates 16th March 2013
Bay View
There were over 20 auctions on in Bayside again this weekend. But even while other areas of Melbourne continued to see strong clearance rates (Boroondara 77% for February 23 and March 2; and Stonnington 78% and 85% respectively), Bayside clearance rates on March 2 were down considerably on the previous weekend. Only 44% of the [...]
BY James Buyer Advocates 16th March 2013
While it was nice to take a breather last week, the property market in million-dollar-plus Melbourne certainly looks to be rolling on in a positive way.
Some recent sales of interest:
25 Redmond Street, Kew (James Tostevin, Marshall White) – This sold strongly before auction for around the $2.9m mark. Bought for land value only, and working [...]
BY James Buyer Advocates 2nd March 2013
The Clearance Rate for Port Phillip this weekend was 65% on 27 auctions, a solid result.
Auction of the weekend was at 78 Ruskin Street, Elwood, with Kaine Lanyon of Marshall White. This was a ripper of a small period home with nothing to spend that rated well at 719. The big upside [...]
BY James Buyer Advocates 2nd March 2013
Bay View
This week, buyers and sellers alike have been eager to see whether the market would back up last week’s clearance rates. Nine fewer homes were up for auction this weekend, but that’s still 20 auctions over $1,000,000. Some of these were bigger properties that have been on the market for over 12 months – [...]
BY James Buyer Advocates 2nd March 2013
The big pass-ins of the weekend were 238 McKean Street, Fitzroy North (Antony Woodley of Collins Simms), on a vendor bid of $3.25m, and 29 Wilsons Street, Princes Hill with Glen Bartlett of Woodward’s on a genuine bid $3.5m.
Both these properties were outstanding period homes, with McKean Street rating 705 and [...]
BY Mal James 2nd March 2013
At 6.00 pm the James Clearance Rate for Melbournes $M+ was 65% and The Weekly Review Bidderman, our bidders per auction measurement, was a solid 2.2.
Last weekend we reported a strong start for our first Super Saturday, with Bidderman a very healthy 2.2 bidders per auction on big numbers of stock on offer with almost everywhere [...]
BY Mal James 22nd February 2013
East Melbourne, 120 Powlett, Arch Staver, Under the Hammer, $5,155,000 – 4 bidders
There was a festive air along Powlett Street this morning as real estate punters strolled in and out of historic homes open for inspection in this proud and peaceful pocket of Melbourne. With a crowd of 150 gathering under magnificent trees on the [...]
BY James Buyer Advocates 1st December 2012
A bit of a dip today in the Boroondara property market today: of the 11 auctions we attended 7 sold and the clearance overall was 68%. There were however some standout results and these were:
28 Chrystobel Crescent, Hawthorn (Scott Patterson, Kay and Burton)
3 Martin Road, Glen Iris (Lachie Fraser-Smith, Bennison Mackinnon)
5 Urquhart Street, Hawthorn (Antony [...]
BY Gina Kantzas 1st December 2012
As this is the final Marketnews for 2012, some highlights below
Most memorable Auction;
43 Seacombe Grove Brighton (Barb Gregory) on 26th May 2012
Three bidders fought it out for absolute Brighton waterfront at this auction beginning with rapid fire $100,000 bids – Auctioneer Jack Bongiorno kept the pace until it was bought under the hammer for $7,770,000. [...]
