Once again, in spite of negative coverage of late in the media, the Auction clearance rate, median sale price and property market continues strongly. There were 880 properties scheduled to go to auction at the weekend, which is high, with 608 reported to have taken place and 512 sold under the hammer. There were 58 … More Real Estate Market Commentary MAY 20TH
Once again most media outlets with Real Estate commentary are making note of the continuing high clearance rates at auction across Sydney and the trend upward of prices of property sold. I feel that we are getting nearer to a negative news cycle about property but for now the stories seem to be capitalising purely … More Real Estate Market Commentary 25TH FEBRUARY
The south-eastern capital cities were the beneficiaries of yet another strong weekend at Auction, the only real extraordinary mention goes to the ACT with a jump in clearance rates. For about 6/8 months I have been watching the Canberra district through to Goulburn and watched prices progress upward, albeit slowly. It has gradually built to … More Real Estate Market Commentary 18TH FEBRUARY
It’s official, we are back up and running, Sydney. Donald Trump, interest rates, foreign buyer restrictions, lending criteria changes, negative media coverage. … nothing is stopping us at the moment. It would seem that sheer supply and demand is the main attribute to the continuation of this now, standard, market. There were originally 543 properties scheduled to … More Real Estate Market Commentary FEBRUARY 11TH
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
Long weekend; lower stock being taken to Auction, lower clearance rates and lower median sale price. … Normally. Although the figures were slightly down which is to be expected around a long weekend, we still saw some strong results. There were originally 263 properties scheduled to go to Auction with 187 reported to have taken … More Real Estate Market Commentary 1ST OCTOBER
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
From first glance it would seem as though the market is still continuing to move forward at full steam. In fact, after much research, it would be the same assessment. Despite interruptions such as rain, winter, school holidays, long-weekends and the Federal Election (which could alter the market significantly) and the quiet changes to policy … More UPPER NORTH SHORE SNAPSHOT: FIRST 2 QUARTERS 2016
The follow up to the long weekend solidifies that the property market is hunkering down for winter and we are in it for the long haul, together. Auction clearance rates remained strong at 78% and the high number of agents and vendors still relying upon Auction as the preferred method of sale continues. There were … More Real Estate Market Commentary 18th JUNE
It feels strange to finally say this, but one of the banks has banned lending to ‘foreign buyers’. I wonder if this is driven by the noise from buyers being ‘pushed out of the market’ or based on their risk mitigation practices, but AMP has now said ‘NO’. It may be expressed as a sympathy … More Real Estate Market Commentary MAY 28th
Thomas Merriman 