Saturday was supposed to be the biggest Auction day Across Australia with Melbourne leading the way with 1,714 Auctions scheduled and a 64% Clearance rate, which is great. Sydney had 1,106 Auctions with a 64% clearance rate as well, which is very good with the higher amount of property going up. There were however, 698 … More Sydney Auction results 24th March
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
Auction reporting this early in the year serves no purpose to speculation for the remainder of the year but it does give comfort to those of us with a vested interest in the market, even if it’s based on faith. It is interesting to see though, that the auction results for the first decent recordings … More Real Estate Market Commentary FEBRUARY 4
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
So far this year: The official cash rate is currently sitting at 1.75%, causing interest rates to drop lower, or remain at 4% which has added a bit of heat back into a simmering property market. Buyers have remained steady from last year with a momentary drop in sentiment in December 2015, most of January … More UPPER NORTH SHORE UPDATE JUNE 2016
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 … More Real Estate Market Commentary 4th JUNE
Another strong week of reporting. In short; The Government is still throwing around ‘popular’ solutions for ‘fix’ the housing market. There is still speculation of lower interest rates. Foreign buyers are back in the spotlight. And, Winter has done nothing to cool the property market in Sydney. There was originally 573 Auctions scheduled to take … More Real Estate Market Commentary MAY 21st
Winter is the new Summer, at least in Real Estate, or so it would seem. This year (2016) seems to be taking the same route as last year with regards to the Sydney property market. We started slowly last year and as the weather cooled, the marketing warmed, well, heated. We do have a rate … More Real Estate Market Commentary MAY 7th
Now, as opposed to ‘doom and gloom’ articles, the media has slowly started to accept the ongoing positivity in the market with articles about the strong results NOT being completely negative. Rather than explain them as completely random and unexplainable, the [media] outlets seem to be embracing the results now, as a new ‘clickbait’ that people … More Real Estate Market Commentary APRIL 9
As was expected, there was not a whole lot happening over the Easter long weekend, but the Auction results were still firm. Of the 56 properties listed for Auction, 27 sold and 5 were withdrawn – the preliminary clearance rate is 71% which is consistent with the way things have been travelling this year. The … More Real Estate Market Commentary MARCH 26th
Thomas Merriman 