Well, it is interesting reading all the different publications and Auction recording outlets to see what the results were for the weekend just gone. I know that these agencies require agents to report their sales (on the most part) and report them correctly, this can be why there is some variation the data we look … More SYDNEY AUCTION RESULTS FEBRUARY 13
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
There seems to be a mixed view of the RBA’s choice to keep the official cash rate on hold at 2% after the meeting earlier this week (2nd February). While a lower interest rate would spark commentary about a damaged economy in need of support, a raised rate would be taken poorly by the capital … More INTEREST RATES COMMENTARY 4TH 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
It is an indubitable truth now that the Sydney property market has gone ‘off the boil’. While this is a hard admission for a Real Estate agent, it would be idiocy for a buyer to assume that this is the beginning of the end. In fact, Australian, and of course Sydney property on a 10 … More Softening market; who cares?
The nifty fifty mark seems to be the new ordinary in Auction Clearance Rates.
… More SYDNEY AUCTION RESULTS 28TH NOVEMBER + MARKET COMMENTARY
I don’t think so. It has been over a week since the market confidence in a rate cut turned from above 10% to below 10%, sitting at 8% currently. This is an indicator of expectations as to whether the Reserve Bank of Australia will drop interest rates to 1.75%. Notably, this morning I was reading … More Interest rate cut?
Once again, the shining light from the latest results is the median sale price; $1,136,000. … More SYDNEY AUCTION RESULTS 14TH NOVEMBER + MARKET COMMENTARY
There is no way around it, the Auction Clearance Rate was abysmal on Saturday, but I am sure you have already heard about it, read about it and cried about it by now. The nightmare the media created has continued to sell ‘clicks’ and bring ears and eyes to news streams, and what a success … More SYDNEY AUCTION RESULTS 7TH NOVEMBER + MARKET COMMENTARY
most criticism of the current market has been that the growth has halved, not the prices and with growth at double and triple the norm, halving is no issue. … More October market commentary
Thomas Merriman 