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
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’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
What is the average property price in Sydney’s Upper North Shore? … More SYDNEY AUCTION RESULTS – 28TH FEBRUARY
The heat is certainly still in the market. The conversations that I have been having with agents on Sydney’s Upper North Shore so far this year have been positive with good buyer interest. Group numbers through open homes have been strong and the ‘tyre kickers’ or ‘speculative buyers’ are certainly out in force as well. There will … More SYDNEY AUCTION RESULTS – 31st JANUARY
The Sydney market, for months now has been a sellers market, widely covered by the media, property information sources and outspoken agents, but are we seeing a slight change in the current climate of the property market in Sydney? Auction clearance percentages were well into the 80’s and soaring, buyers were hand over fist at … More SYDNEY AUCTION RESULTS – 6TH DECEMBER
The buzz and hype of disappointed buyers seems to have left the media, for the time being. Maybe there is confidence back in the individual as the reality of a stable, albeit growing, property market has finally cemented itself in the heads of prospective buyers – not used as a deterrent. On a professional level, the open … More SYDNEY AUCTION RESULTS – 18th OCTOBER
Another great weekend in Sydney’s steady and strong Real Estate market saw Auction clearance rates teetering around the 80% mark, still. A hot and humid spring Saturday in Sydney saw a total of 533 Properties go to Auction out of a total 747 originally listed. The surprising thing is that the hammer dropped on a … More SYDNEY AUCTION RESULTS – 11TH OCTOBER
Although it is premature, and remiss, especially as a Real Estate Agent, to predict some sort of global crash, in any market, it is certainly a popular speculation with the American stock market wrap this morning (Australian time) – All American fed global markets closed down. We have all heard stories from people who bought property in the … More Bull Market?
Thomas Merriman 