If the long weekend seemed long and slow, in Real Estate terms – it probably was.
With only 253 Auctions listed and 174 reported the numbers seemed to be a little bit lower across the Sydney Market at the long-weekend. Notwithstanding the low level of Auctions taking place, the weekend saw a jump in clearance rate to 83% with 156 properties selling, which is comforting.
For some, the long weekend is never long enough but for others, it is an ironically inconvenient reprieve in sales campaigning.
Figures after the weekend suggest that employment advertising is up and the unemployment rate is down, figures of which seem to be documented with speculation, yet economists and statisticians maintain a confident view of the jobs market.
Further with consumer confidence, we see that the Australian dollar is falling against the greenback which may help to maintain a stable Australian economy and we’ll wait with bated breath to see what it does to interest rates.
Thomas Merriman.
Thomas Merriman 