Well, nothing changed last weekend. However, there were definitely more people out in the marketplace and that resulted in some fantastic local Auctions and great inspection numbers at properties across the Upper North Shore. There were originally 665 Auctions scheduled across Sydney with 383 reported to have taken place and 291 sold under the hammer. … More Sydney Market Commentary May 28th
Autumn has surprisingly given us a boost of summery weather that has helped keep the positive vibes in the air for a little longer. Last week the official cash rate stayed unchanged at 1.5% with a 0% chance of a change in the short term based on the current futures market prediction. The Auction figures … More Sydney Auction Results – March 10th
Market There is a lot of media scrutiny around the ‘Spring market’ not being as bouncy as usual with Auction clearance rates lower than last years and the urgency in the market disappearing – and – On the whole, this criticism of the market is true. However, isolating the Auction Clearance Rates from the overall … More Sydney Market Commentary – October 14th
The privilege of owning a home has become a closer reality for some people looking for homes across Sydney with the announcement of the stamp duty concessions for First-home-buyers. However I don’t believe there is too much of this that will register on the radar in the Upper North Shore. The reason that this is … More Sydney Market Commentary July 1st
Once again, in spite of negative coverage of late in the media, the Auction clearance rate, median sale price and property market continues strongly. There were 880 properties scheduled to go to auction at the weekend, which is high, with 608 reported to have taken place and 512 sold under the hammer. There were 58 … More Real Estate Market Commentary MAY 20TH
The first weekend of Auctions since the release of the new budget and it would seem that things are ticking along quite nicely. There were a lot of properties listed to go to Auction at the weekend and clearance rates were only slightly lower than this time last year. I would hazard a guess that … More Real Estate Market Commentary MAY 13TH
There has been a lot of talk about Autumn and Spring being the new Summer of selling, especially in the Sydney market. Backed up recently by a statement made by Dr Andrew Wilson of Domain, which was reiterated in a Real Estate commercial currently circulating on radio, it seems to be more than anecdotal. Traditionally buyers … More Real Estate Market Commentary MAY 6
This month has been a funny one with properties selling miles above reserve prices across Sydney and the Upper North Shore, record high buyer inspection contrasted by unusually low buyer inspections. There has been typical market speculation, a drop in Auction clearance rate and median sale price across Sydney and growing pressure on banks for … More Real Estate Market Commentary APRIL 22ND
The south-eastern capital cities were the beneficiaries of yet another strong weekend at Auction, the only real extraordinary mention goes to the ACT with a jump in clearance rates. For about 6/8 months I have been watching the Canberra district through to Goulburn and watched prices progress upward, albeit slowly. It has gradually built to … More Real Estate Market Commentary 18TH FEBRUARY
Happy New Year! Although we are already a full calendar month into the New Year, the Real Estate year has only really just begun. And,The Chinese New Year. Last weekend was our first weekend back of reported Auctions and this Saturday will see the return, possibly, of loads of listings hitting the web. However, while … More Sydney Market Commentary FEBRUARY 2nd
Thomas Merriman 