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
Whether or not the slight rise in some banks interest rates and the possibility of continued rate rise has a direct impact on sales, it definitely has an emotional impact on people reading about it. Auction clearance rates were slightly down at the weekend to 76% and the median sale price at auction was at … More Real Estate Market Commentary DECEMBER 3RD
SUPER SATURDAY! Commonly, or, colloquially referred to as ‘Super Saturday’ the weekend that was traditionally receives extensive coverage, scrutiny and fanfare. … and for good reason. There was reportedly 961 properties scheduled for auction with 645 to take place and 553 properties reported to have cleared at Auction. The week leading up to Saturdays auctions … More Real Estate Market Commentary 26TH NOVEMBER
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
I don’t want to speak too soon, but it feels like Spring. The sun is rising earlier, grass is starting to grow and the Auction clearance rate is almost up at 80%. Recent news of the RBA’s decision to cut the official cash rate even lower to 1.50% definitely spurred the market on slightly, see … More Real Estate Market Commentary AUGUST 6TH
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
It has been a good winter so far, with regards to the property market, we have certainly bucked the slow Winter trend – I think three years in a row now. Buyers have hung around and new buyers have joined the ranks, subsequently vendors have jumped onto the wagon and it looks like we may … More Real Estate Market Commentary 9th JULY
BREXIT SCHMEXIT! While almost $70B was wiped from the ASX after the announcement of the Brits voting to leave the EU there was wide and valid speculation about the impact on property. However, we still saw really strong Auction Clearance Rates over the weekend. There was a large amount of property withdrawn, 55, for whatever … More Real Estate Market Commentary 25th JUNE
So far this year: The official cash rate is currently sitting at 1.75%, causing interest rates to drop lower, or remain at 4% which has added a bit of heat back into a simmering property market. Buyers have remained steady from last year with a momentary drop in sentiment in December 2015, most of January … More UPPER NORTH SHORE UPDATE JUNE 2016
The weekend was a typical example of a long-weekend in Real Estate, lesser amounts of property taken to Auction and slightly lower clearance rates of property that was. However, there was still 284 properties listed to go to Auction with 182 going up and 143 selling under the hammer. There were 21 properties withdrawn for … More Real Estate Market Commentary JUNE 11th
Thomas Merriman 