Well, it is beginning to sound like a cliche’ when talking about the weather potentially being the thing that slows the property market; the colder weather, the wet, the wind, winter in general. It hasn’t seemed to impact it yet and the weekend that was, certainly tested us.
With over 9,000 calls made to emergency services, major beach-side residences collapsing into the water and many low-lying areas around rivers and creeks being evacuated IN SYDNEY, we still saw solidity across markets at the weekend.
There were 548 properties originally listed to go to Auction with 377 reported to have taken place and 326 being sold under the hammer. There were also 30 withdrawn for whatever reason.
Open homes were wet and buyer numbers were slightly down based on prior weeks but still better than the beginning of the year which is a good sign.
Although new listings weren’t thick on the market before the weekend, there is/was still a good deal of property around.
The Auction Clearance Rate was up at 80% which is, I think, the highest for the year.
Thomas Merriman.
Thomas Merriman 