Saturday, September 11th 2010
Port Phillip - Weekly | Archives
Port Phillip continues to start Spring like a tortoise.
BY Adam Woledge 4th September 2010
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Key Points:
We focused on Albert Park today and there were reasonable bidder numbers across several auctions. However, Port Phillip has still started Spring very slowly.
Prices had been falling during Winter and the factors are there for that to continue; especially if any sort of Spring stock level surge is not met by a corresponding increase in bidder numbers – our [...]
No exaggeration to say it was an auction train wreck today. The saving grace was low stock quality.
BY Mal James 28th August 2010
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Key Points:
None of the auctions we covered in Port Phillip were bought under the hammer this weekend.
As of 7pm, only one had been bought post auction.
Across five auctions, there were only two bidders in total.
On a positive note, 3 out of 3 townhouses/apartments sold at auction around a $million
Analysis: This was Spring’s first test [...]
Ticking along and in better shape than lower Bayside for market fundamentals.
BY Mal James 14th August 2010
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Key Points
Albert Park and surrounds still in hibernation with minimal activity – however 5 out of 7 auctions sold.
Not as much new stock coming on as in other areas. See graph below
BidderBuzz Auction: Oliver Bruce aka “Ollie” – 7 Nimmo St Albert Park. 3 bidders
James Auction Report: Auctioneer Oliver Bruce opened on a vendor [...]
Being an Auctioneer in Albert Park is a casual job. Sell houses in Summer and Hot Pies in Winter.
BY Mal James 7th August 2010
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Key Points
41 sales for the month of July – only one over $3m.
Albert and Middle Park combined reported only six $M+ sales in July
Two BidderBuzz Auctions – both with four bidders and both bought under the hammer in the $1.4 millions. 367 Dorcas St with Gerald Betts and 6 Tribe St with Geoff Cayzer.
Agent Comments re [...]
Port Phillip – The home of the single fronted and Greg Hocking, who is back playing with a different team.
BY Kristen Hatt 31st July 2010
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Key Points
Market continues to be very quiet on low stock turnover but this as expected this time of the year in Port Phillip.
Biggest sale was in Elwood – 4 Pozieres Avenue - Leonard Persichetti - TBM – $2,345,000 – 3 bidders
Five single fronted period homes went to the market today. They sold between mid $900,000’s and mid $1,200,000’s
Albert Park [...]
10 sales over $1 million this week – it’s a lot less than May, but still some action
BY Mal James 24th July 2010
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From Port Melbourne to St Kilda things are very much normal for this time of the year. Something – but not much - is happening. These are Bayside suburbs and sales here are very seasonally orientated.
Of the five auctions we covered this week, three passed in, one sold under the hammer and one after auction. Bidderman [...]
C’mon let’s get on with it – there are homes to buy!
BY Mal James 17th July 2010
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This week we have combined the council wraps. There is little to report within specific council areas, and for those who normally just read one wrap we hope you will benefit from looking at some data graphs across the council areas that confirm what we have been saying so far this year.
Hopefully, this will help you as [...]
Somebody gave Port Phillip an Auction Pep Pill and we think we know why!
BY David McMillan AAPI 19th June 2010
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Of the 10 auctions we attended, three were bought before auction, three were bought under the hammer and four were passed in (with one bought after). Our demand indicator Bidderman was at 1.5 bidders per auction. So out of 10, seven were bought. That seems a big improvement on the last few weeks. We have [...]
Overhang is the issue, but new stock numbers are dwindling so a rebalance is possible.
BY Mal James 5th June 2010
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SUPPLY OVERHANG BUILDS
First some stats. Last Saturday’s (May 29) Auction results showed strong evidence of “auction overhang” in Port Phillip where the clearance rate was 32% clearance rate on the 22 auctions we monitored.
Seven days later the reported clearance rate had lifted from 32% to 45%, with only three of the pass-ins and unreporteds reported as having [...]
The Auction Method is under real pressure. Vendors will be asking for new ideas soon as another week of low clearances hits Port Phillip
BY Mal James 29th May 2010
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With Bidderman less than 1 – meaning more auctions than bidders – it may be time for a change of scenery for Port Phillip auctioneers unless things turn very quickly or they can come up with some new ideas. And the post auction sales are not happening either according to reported REIV results, so a [...]
Port Phillip Market Intelligence
1.5
4th September
Today's results online after 5pm
1.5
4th September
72%
Our Top 5 Home Ratings This Week
James Home Ratings is an online tool to make property decisions easier, quicker and more accurate. James Home Ratings examines pieces of information about a home and matches them against an established patented buying criteria.
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Adam's Architecture
LIFE ON THE HILL...
BY Adam Woledge
Share Peppin Street sits up nicely on the hill, a stone throw or two from Camberwell Junction. No. 3 is currently on the market, ...
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Buyer Masterclass
NEGOTIATION IS ALL IN THE MIND(SET)...
BY Mal James
In a previous Buyer Masterclass we talked about the fact that more buyers are asking questions at auctions, especially the “is it on the market?” ...
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