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How to buy an Off Market well.

How to buy an Off Market well.
(Our three part series from Market Insight July/August 2016) In the beginning: So you’ve heard about a whisper, a rumour, on the quiet just for you – nobody else knows and its come straight from your new “bestest” friend. Two of the above off markets started exactly like that for us, which we took to the client [...]
Market has started like a fire engine not a delivery truck.

Market has started like a fire engine not a delivery truck.

At 6.00 pm today the Melbourne market of late Winter has made a strong statement, with a James $M+ Clearance Rate of 88% and Bidderman a whopping 3 bidders per auction on the 25 auctions, we bid at or reported on today. The Inner market has started out of the blocks in a hurry – based in part, on [...]
July has been fairly busy away from the auctions!

July has been fairly busy away from the auctions!

Hello and welcome back to James Buyer Advocates Marketnews. A few auctions of note today on very small numbers as the market awakes from its traditional Winter auction slumber.  We have covered 19 in our reporting; Bidderman was 2.4 bidders per auction and the $M+ James Clearance rate was 74% – even though a small sample, we think it’s an [...]
2016’s Opening Market is (…..drum roll)

2016’s Opening Market is (…..drum roll)

2016’s Opening Market is …..drum roll … Pumping…….Strong …….Rocking. There’s no doubt and no other way to really describe it. We’ve had three big auction weekends in a row, with today a virtual Super Saturday and the market has spoken. 2016 has started with a real bang. The only difference between 2016 and 2015 is the [...]
Balwyn Calling – International Asian Demand showing the real signs of easing!

Balwyn Calling – International Asian Demand showing the real signs of easing!

Special Edition – James International Demand Report for Inner Melbourne $M+ housing Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market. James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
Winter 2015 Land Guides

Winter 2015 Land Guides

At James Buyer Advocates we update our land guides in each Suburb precinct and often streets as new information comes in (usually weekly as we are valuing in most precincts on a weekly basis). Each land sale or partial land sale is considered by James Buyer Advocates for: 1) Number of bidders 2) Block characteristics 3) Position 4) Additional unusual known [...]
Its all about the land. Check out James Quarterly Land Values and why it is so important to get the base price right at the initial review stage.

Its all about the land. Check out James Quarterly Land Values and why it is so important to get the base price right at the initial review stage.

The Market Begins the Big May Run – Hold On!

The Market Begins the Big May Run – Hold On!

Inner Melbourne Values $3M Round Up (Start of May and Some Around Easter Sales of Interest) As we kick into May and look back on April you can see the TOP END is still very healthy – sure some are not selling and some are being withdrawn but its not only Saturday Auctions that are getting [...]
50% of the homes are still being bought by local buyers – there are solutions

50% of the homes are still being bought by local buyers – there are solutions

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 72% on the 18 auctions we covered. James Bidderman, our bidders per auction measurement was 3.1. Market Summary – Market News Lite Version There have been auction interruptions all April due to three of the four Saturdays being attached to holidays – two past with Easter [...]
Many Chinese buyers do not listen to selling agents – they form their own opinions on values or get assistance from their friends or buyer advocates (we work for Chinese buyers and Australian buyers from Chinese backgrounds regularly). This is a key message. Many local buyers listen to agents, some of who fill their heads with mush ( inconsequential numbers and circumstance to get them to auctions) and this in turn confuses them if they are inexperienced or naive buyers.

Many Chinese buyers do not listen to selling agents – they form their own opinions on values or get assistance from their friends or buyer advocates (we work for Chinese buyers and Australian buyers from Chinese backgrounds regularly). This is a key message. Many local buyers listen to agents, some of who fill their heads with mush ( inconsequential numbers and circumstance to get them to auctions) and this in turn confuses them if they are inexperienced or naive buyers.

Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

Some Chinese buyers have worked out agent quoting, but many local buyers appear to have not.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 90% on the 30 auctions we covered. James Bidderman, our bidders per auction measurement continues to be through the roof on big stock numbers at 2.9. Hello, did we write 90% on big auction numbers  and Bidderman nearly 3 – is this real? [...]
Easter 2015 James Land Value Guides for Inner Melbourne

Easter 2015 James Land Value Guides for Inner Melbourne

Easter Land Guides G’day and welcome to our special James Report on the changing of Melbourne’s land values in early 2015 (updated from a few weeks ago). We detail below: Melbourne’s Big Land Influences Melbourne’s Land Values Melbourne Land Opportunities Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, [...]
WOW – 50% of the auctions we covered today were Volcanoes.

WOW – 50% of the auctions we covered today were Volcanoes.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was another mind boggling 86% on the 29 auctions we covered. James Bidderman, our bidders per auction measurement was 3.0. These numbers are late 80’s or 2007 sorts of stats. Overall Summary of Melbourne’s Million Dollar-Plus Auctions: Ducks ($M+ auctions with no bidders) 15% Lone Rangers ($M+ [...]
Boroondara Weekly

Boroondara Weekly

Melbourne’s Land Influences Question: Which suburb in Melbourne is having the greatest influence on land values across all of Melbourne? Is it Toorak, Brighton, Hawthorn or is it Albert Park? These are very influential suburbs and more expensive than the suburb we think is Melbourne’s most influential land value suburb, but it is not any of these. No, Melbourne’s [...]
The Top of the Top End has begun with a Volcano Vapour Trail

The Top of the Top End has begun with a Volcano Vapour Trail

Welcome to 2015 $3m plus buyers. Wow what a start. The Top of the Top End has begun with a Volcano Vapour Trail – there is no other way to describe it. Check out the auction results below if you think we are exaggerating. 4 bidders in Middle Park over $5m, 3 bidders at $7m in [...]