Well, it seems to be going on for too long to be a false rally, the Auction Clearance Rates were supposed to – by speculation – peak and trough quite quickly this year. In fact, most rhetoric was surrounding the market ‘crashing’ with people even forming financial opinions against the market, by way of option-trading … More Real Estate Market Commentary MARCH 19
Headlines are a-plenty at the moment regarding the property market, funnily enough, most conflicting with eachother. I have read – in the past few weeks – a number of stories about the ‘Big Short’ in Australian property markets, indicating that the loans that banks have made with buyers will all default at the same time. Also … More Real Estate Market Commentary MARCH 12
I am loathed to continue commentary about this ‘bubble’ as it suggests that either, I am convinced we are in a bubble or that we need to find labels for things that are cyclical. When the market is doing well, it is a bubble, when it is doing poorly, it is a crisis, what I think we … More Real Estate Market Commentary MARCH 5th
Once again, the Sydney market proves to have out-performed all the ‘professional’ speculation from multiple sources and absurd claims in the style of boom busting bubble pop. There was speculation that the start of the year would be a fizzer and that the bubble was growing too big, does that mean people either, don’t care … More Real Estate Market Commentary FEBRUARY 27
Another positive review of the Sydney Auction market this week and we revel in Clearance Rates still in the 70’s. A continuation at the weekend of the positive sales results as more and more stock seems to be listed for sale by Auction and subsequently selling at Auction. With Clearance Rates up again at 77% at the … More Real Estate Market Commentary FEBRUARY 20
Well, it is interesting reading all the different publications and Auction recording outlets to see what the results were for the weekend just gone. I know that these agencies require agents to report their sales (on the most part) and report them correctly, this can be why there is some variation the data we look … More SYDNEY AUCTION RESULTS FEBRUARY 13
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
Thomas Merriman 