Paperturn version MARKET NEWS Year Book 24 revised - Flipbook - Page 6
The Numbers on the Street
Boroondara
2024
Opening Market (M1)
2024
May Market (M2)
2024
Spring Market (M3)
2024
Pre-Xmas (M4)
Bidderman 2
Stock
Average
Clearance 60%
Bidderman 1.3
Stock
Average
Clearance 59%
Bidderman 1.8
Stock
Average
Clearance 66%
BOROONDARA
Bidderman 1.8
Stock
Average
Clearance
61%
Above: 18 Alexandra Avenue, Canterbury. Sold under hammer for $7,350,000 with 5 bidders.
Stonnington
2024
Opening Market (M1)
2024
May Market (M2)
2024
Spring Market (M3)
2024
Pre-Xmas (M4)
Bidderman 0.9
Stock
Average
Clearance 45%
Bidderman 1.6
Stock
Average
Clearance 68%
Bidderman 1.2
Stock
Lots
Clearance 59%
2024
Spring Market (M3)
2024
Pre-Xmas (M4)
Bidderman 1.3
Stock
Average
Clearance 61%
Bidderman 1.3
Stock
Average
Clearance 58%
STONNINGTON
Bidderman 1.3
Stock
Average
Clearance 64%
Bayside
2024
2024
Opening Market (M1) May Market (M2)
BY THE BAY
Bidderman 1.2
Stock
Average
Clearance 73%
Bidderman 1.1
Stock
Average
Clearance 60%
WHAT IS BIDDERMAN? Bidderman is the number of auctions divided by the number of bidders and Melbourne’s most
accurate market predictor that we invented in 2006. A Bidderman less than 1.5 is a tough market. 1.5 to 1.8 is a balanced market
and over 2, it’s rising with 3 on fire. Why? At 2, there is one winning bidder, but there is also a losing wounded underbidder who
will push prices up next time. The more wounded, the harder, the more widespread the push for higher prices.
