There seems to be a mixed view of the RBA’s choice to keep the official cash rate on hold at 2% after the meeting earlier this week (2nd February). While a lower interest rate would spark commentary about a damaged economy in need of support, a raised rate would be taken poorly by the capital … More INTEREST RATES COMMENTARY 4TH FEBRUARY
It feels strange reporting Auction Clearance Rates so early in the year and it is almost a strange reality to accept that they are so low, already. However, I must exclaim, we are not really in ‘full swing’ yet, with only 30 Auctions reported to have taken place across Sydney. Of those 30 Auctions, 16 … More SYDNEY AUCTION RESULTS 30th JANUARY
It is still too early in the year for anybody to be throwing out any solid evidence for the future of the property market in 2016. However, the signs of buyers, slow trickling of property ‘for sale’ entering marketplaces, and the positivity from agents’ discussion over the last fortnight would suggest strong signs. The issue … More Sydney property commentary Saturday 23rd January
Happy New Year Well, the new year is here, in terms of the calendar, not necessarily ‘the market’ however, I have been receiving strong enquiry from interested buyers and sellers already. While we all wait in anticipation of what the year may hold in terms of market conditions and house prices in 2016, media outlets … More New Year Market Commentary
I don’t think so. It has been over a week since the market confidence in a rate cut turned from above 10% to below 10%, sitting at 8% currently. This is an indicator of expectations as to whether the Reserve Bank of Australia will drop interest rates to 1.75%. Notably, this morning I was reading … More Interest rate cut?
Yet another strong weekend at Auctions around Sydney, almost in spite of what the media coverage is suggesting. … More SYDNEY AUCTION RESULTS – 10TH OCTOBER & Commentary
We’ve all been waiting for it to happen, and it has happened; The Auction Clearance Rates dropped below 80%. … More SYDNEY AUCTION RESULTS – 1ST AUGUST
There will come a day, there will come a day when I sit down to write this post and Auction clearance rates have plummeted … More SYDNEY AUCTION RESULTS – 23rd MAY
There has been a lot of talk, over the past week especially, in regard to the rising ‘median’ property prices in Sydney, being speculation that it will tip the $1M mark. However, the median price for property cleared at Auction has been, for the most part, above $1M for the majority of 2015. Property prices … More SYDNEY AUCTION RESULTS – 16TH MAY
There was always going to be a lot of interest surrounding the Auctions across Sydney on May 2 being the weekend after a long ANZAC weekend with no real Auction activity. It would seem that this interest was both agent and buyer based as, depending on which report you read, the Auction clearance rates were … More SYDNEY AUCTION RESULTS – 2ND MAY
Thomas Merriman 