SUPER SATURDAY!
Commonly, or, colloquially referred to as ‘Super Saturday’ the weekend that was traditionally receives extensive coverage, scrutiny and fanfare. … and for good reason.
There was reportedly 961 properties scheduled for auction with 645 to take place and 553 properties reported to have cleared at Auction.
The week leading up to Saturdays auctions had people like Dr Andrew Wilson interviewed on TV networks and financial gurus explaining property bubbles and construction scales etc which can be perceived a number of ways. Often the positive commentary can be polarizing especially for first home buyers who have now been official all but shut out of the Sydney market. Conversely, sellers with their tightly crossed fingers are longing for just one more week of exceptional results as their property goes up for Auction.
However, this type of talk always leads to a party pooper, likely a sensible voice concerned with markets susceptible to toppling events such as crashes and bubble pops and ‘black fridays’. The OECD has now started to make its voice heard across the housing market once again, this time with commentary on raising rates. … I’m watching for MARCH 2017.
The Clearance rate; 79%
The Median price at Auction; $1,270,000
Thomas Merriman.
Thomas Merriman 