Well, it is quite obvious to see what the buyers think of the market at the moment with the highest amount of withdrawn properties I have seen for a while. Before I mention the number, I must also add, that sometimes these properties are withdrawn with conditional offers and other negotiations in play.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
There has been a lot of talk about Autumn and Spring being the new Summer of selling, especially in the Sydney market. Backed up recently by a statement made by Dr Andrew Wilson of Domain, which was reiterated in a Real Estate commercial currently circulating on radio, it seems to be more than anecdotal. Traditionally buyers … More Real Estate Market Commentary MAY 6
The big news at the moment seems to be the ‘lack of stock’ because everybody needs justification as to why the market is either high or rising or about to crash. There is definitely truth in that though, there is a lack of stock but we have had a few years of very active selling, … More Real Estate Market Commentary 10th SEPTEMBER
Despite a lot of negativity spreading like wild-fire throughout most media outlets over the last couple of weeks, the market continues to deliver, almost with a stern level of disobedience. While there has been a lot of speculation over the duration of this ‘boom market’ most of it has been unfounded and predominantly mounted on … More Real Estate Market Commentary APRIL 2
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
Sydney has been producing a lot of Millionaires in this current upward trend in Real Estate prices. … More Sydney is full of Millionaires
Auction clearance rates dip slightly but the market is still strong … More SYDNEY AUCTION RESULTS – 13TH JUNE
Well, common speculation was correct, the RBA has cut rates to a record low at 2% which may push mortgages into the 3’s? This may be due to a number of factors, namely the strength in the property market. However, it is not just people with Real Estate interests that are concerned with the speculation … More Ubiquitous Interest Rates Commentary
As anticipated and as planned, there was not much at the weekend with regard to Auctions across Sydney. Most Real Estate agents didn’t open homes, while some did, and most Real Estate agents also didn’t conduct Auctions. Of those who did conduct Auctions, 33 were reported as taking place and 30 were sold. At a … More SYDNEY AUCTION RESULTS – 25TH APRIL
Auction Clearance Rates up at a mind-blowing 88% … More SYDNEY AUCTION RESULTS – 28TH MARCH
Thomas Merriman 