Well, it is beginning to sound like a cliche’ when talking about the weather potentially being the thing that slows the property market; the colder weather, the wet, the wind, winter in general. It hasn’t seemed to impact it yet and the weekend that was, certainly tested us. With over 9,000 calls made to emergency services, major … More Real Estate Market Commentary 4th 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
Another weekend of back-burning on the Upper North Shore, chilled mornings and busy open homes. It was a weekend much like the one before and much like the year before, buyers are looking to buy and by the look of the Auction clearance rates, they’re buying! I don’t have numbers on open homes across the … More Real Estate Market Commentary MAY 14th
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
In the face of looming speculation of a rate cut, the Auction Clearance Rates continued to perform for us at the weekend. As at the 29th of April, the market is showing a 58% chance of a rate cut from the RBA tomorrow – Tuesday 3rd of April – with positive unemployment figures and steady … More Real Estate Market Commentary APRIL 30th
Well, would you look at that! Last week, the Auction Clearance Rate was, for the first time – it seemed – this year, below 70% and the frenzy began, media sharks circled, doomsday was upon us. The weekend just gone, well, that was a different story; ‘the boom continues’, ‘no sign of property prices easing’, … More Real Estate Market Commentary APRIL 23RD
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
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
I am loathed to continue commentary about this ‘bubble’ as it suggests that either, I am convinced we are in a bubble or that we need to find labels for things that are cyclical. When the market is doing well, it is a bubble, when it is doing poorly, it is a crisis, what I think we … More Real Estate Market Commentary MARCH 5th
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
Thomas Merriman 