Sunday Blog

One of our first purchases of the year was for a young investor-client with a budget of circa $600,000. When we started our journey in late 2016 our strategy focused on well located townhouses whilst concurrently keeping our eye out for opportunities in Sunshine and surrounds for houses on full blocks. Not surprisingly, the median…

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Yesterday’s 11am auction at Yarraville’s Free Street was our first official auction bidding assignment for the year. The three bedroom, modernised old house in the heart of the Yarraville Village on this quiet and hidden away little dead-end street had caught our client’s eye for more than one good reason. The proximity to work, generous…

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Back in October I had the pleasure of working with a fantastic duo who had targeted Brunswick houses with possibilities and potential for their investment strategy. Aside from their sheer drive and energy, their draw card was their professional experience; accounting and drafting. Being able to look into the possibilities, consider design options, understanding town…

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After a very busy 2016 Spring selling season which drifted well into December, house-buyers could be forgiven for wondering when the market conditions would ease for them. Auctions were generally well attended and properties highly contested; and it’s fair to say that even with higher stock levels in late November and December, houses on the market…

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We’ve had some really exciting assignments this year, from welcoming Sydney investors to our fabulous city, to fighting it out for beautiful homes at auction. We’ve witnessed out-performance capital growth in many postcodes, particularly the inner north, north-west and inner west. One defining aspect of 2016 was the sheer competition for houses at auction. Our…

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On the last auction weekend of 2016 we attended four auctions for our clients. One in particular was in Watt Street Spotswood, and this property was one of only two which we vied for during the entire year. Sadly we were the under-bidders. But there is a good explanation as to why properties in Spotswood…

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This weekend was a successful one for quite a few of our clients. Our auction success rate record 75%; a record for 2016 for us. Was it chance? Good luck? Or a reflection of  pre-Christmas market conditions? Buyer activity is slowing down now as people are preparing for Christmas, or away at end-of-year parties. Some of…

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Yesterday in Victoria 1438 properties went under the hammer and as at last night, just over 75% of them had sold. By any measure that is a strong clearance rate and a very large number of auctions for one Saturday. We bid at six auctions ourselves, yet didn’t secure a single property. What could we…

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Today marked the fourth last weekend of 2016 and buyer motivation was evident in many suburbs despite the strong number of properties auctioned today. We had our record number of auctions ever, and the ones we missed  were not near-misses. They flew past reserve. So what was it that enabled these stronger-than-anticipated results? Missing out in Albion,…

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This weekend marks the start of the final leg for 2016 Melbourne auctions. With only four possible auction Saturdays left, we can anticipate that new auction listings for December will  make their last foray onto our alerts searches in the coming week. By this time next week, we will have every auction listing on our…

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