Another week above 80%. The Sydney auction clearance rate at the weekend was up again at 81% with 800 properties originally scheduled to go up for auction. There were 562 auctions reported to have taken place with 479 selling under the hammer and 27 properties withdrawn for whatever reason. The Upper North Shore reported a … More Real Estate Market Commentary APRIL 1st
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
September was a big month in Sydney for property sales with the continuation of the high market, prices have remained high and stock has continued to turn over at a solid rate. Auction clearance results peaked for the year at close to 90% depending on which publication one trusts, be it RPData or APM etc. … More SEPTEMBER, WRAPPED UP
Amid speculation that the RBA will drop the official cash rate again at the next meeting, buyers confidence levels are spiking slightly. However, this could also be the product of low stock levels and fear of constant rising prices also. Sydney, and most of the East coast of Australia was pummeled by strong winds and … More Real Estate Market Commentary
Yesterday, 9th May 2016, the Cash Rate futures (June 2016 Contract), that economists use as an indicator to speculate the chance of cash rate rises/cuts by the RBA, were trading at 98.315. This would suggest that there is a 34% chance at this stage of another rate cut, bringing the official cash rate down to … More 0% ?
In the face of looming speculation of a rate cut, the Auction Clearance Rates continued to perform for us at the weekend. As at the 29th of April, the market is showing a 58% chance of a rate cut from the RBA tomorrow – Tuesday 3rd of April – with positive unemployment figures and steady … More Real Estate Market Commentary APRIL 30th
It looks like we have finally seen a drop in Clearance Rates worth noting; below 70% we fell. This may be the change in weather, the school holidays beginning, the lack of stock (ironically) or THE END OF THE BUBBLE – dare I say. Typically around a public holiday, school holidays or festive holidays we … More Real Estate Market Commentary APRIL 16
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
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
Thomas Merriman 