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
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 Of the 56 properties listed for Auction, 27 sold and 5 were withdrawn – the preliminary clearance rate is 71% which is consistent with the way things have been travelling this year.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
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
What a massive weekend for Auctions, clearly the market is still buoyant and may continue. … More SYDNEY AUCTION RESULTS –26TH SEPTEMBER SUPER SATURDAY
Sydney woke to the headlines on Sunday morning revealing the lowest Spring Auction Clearance Rates in 3 years, amid claims the ‘Boom market’ has now ended. … More SYDNEY AUCTION RESULTS –19TH SEPTEMBER
In typical Sydney fashion, once the Auction clearance rate dips, sparking signs of the bubble popping, igniting conversation among media types and Real Estate spectators, the Auction rate lifts, ever so slightly. Well, ‘ever so slightly’ with respect to the weekly tradition in this current market. The weekend just gone has put a bit of … More SYDNEY AUCTION RESULTS – 18TH JULY
If you were waiting for a rate cut at the hope that it would continue to stimulate the Real Estate market and were subsequently disappointed when the RBA announced it wasn’t cutting the rate after solid speculation that it would, hold on. Auction Clearance Rates were up at record levels at the weekend, I mentioned … More SYDNEY AUCTION RESULTS – 11TH APRIL
I hope a Happy Easter was had by all, by the look of the Auction Clearance Rates there was joy for Vendors across the Sydney market. With only 34 Auctions originally set to go ahead, only 24 took place with a success of 19 sales. This puts the Clearance Rate at 68%, which is not … More SYDNEY AUCTION RESULTS – 4TH APRIL
Auction Clearance Rates up at a mind-blowing 88% … More SYDNEY AUCTION RESULTS – 28TH MARCH
this market with the increased use of ‘Buyers Advocates’ and ‘Agent Negotiators’ … More Bull; we buy. Bear; we sell.
Thomas Merriman 