Well, it’s almost predictable, well, nothing is predictable – call me a pessimist. … The Auction Clearance Rate went up at the weekend and the ‘median sale price’ [at Auction] dipped on last years average. I oft commented on the clearance rates’ impact on the median price of property sold at Auction, but I am … More SYDNEY AUCTION RESULTS 6TH FEBRUARY
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
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
At least we are seeing a sign of consistency, for the first time in this ‘boom market’; Auction Clearance Rates were steady at 58% at the weekend. We must take the good from what we have seen lately, which is; despite a drop of around 20-25% in Auction Clearance Rates we have seen continual growth … More SYDNEY AUCTION RESULTS 5TH DECEMBER + MARKET COMMENTARY
It’s a little like last year now; a bit of a yo-yo of results in the Auctions market. … More SYDNEY AUCTION RESULTS 21st NOVEMBER
Once again, the shining light from the latest results is the median sale price; $1,136,000. … More SYDNEY AUCTION RESULTS 14TH NOVEMBER + MARKET COMMENTARY
If it is a good buy, it will be a good buy in a bad market or a good market. … More SYDNEY AUCTION RESULTS 31st OCTOBER + MARKET COMMENTARY
most criticism of the current market has been that the growth has halved, not the prices and with growth at double and triple the norm, halving is no issue. … More October market commentary
The number of buyers coming through open homes seems to be a bit ‘touch and go’ at the moment with most agents I am speaking to saying that it is completely unpredictable. Properties such as accessible (price wise) apartments and certain ‘renovators’ are not getting the interest one would expect where properties with a search … More SYDNEY AUCTION RESULTS 24TH OCTOBER
Thomas Merriman 