Well, it is quite obvious to see what the buyers think of the market at the moment with the highest amount of withdrawn properties I have seen for a while. Before I mention the number, I must also add, that sometimes these properties are withdrawn with conditional offers and other negotiations in play. There were … More Sydney Market Commentary – November 25th
The last few years of this ‘boom market’ have displayed for us, a change in the traditional selling market. This has forced us all to adjust from a selling and buying perspective including, what time to sell and buy. What we have seen recently has been a change in seasons for selling, typically Spring or … More Real Estate Market Commentary MARCH 25th
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
This could be an interesting week with a number of different figures being released that may impact the property market in a positive way. The Reserve banks meeting is tipped at a 64% likeliness of a rate cut to 1.50% but either way I don’t think an announcement to stay at 1.75% will be a … More Real Estate Market Commentary 20th JULY
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 Of the 56 properties listed for Auction, 27 sold and 5 were withdrawn – the preliminary clearance rate is 71% which is consistent with the way things have been travelling this year.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
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
It is still too early in the year for anybody to be throwing out any solid evidence for the future of the property market in 2016. However, the signs of buyers, slow trickling of property ‘for sale’ entering marketplaces, and the positivity from agents’ discussion over the last fortnight would suggest strong signs. The issue … More Sydney property commentary Saturday 23rd January
Thomas Merriman 