They say that we only know when we have hit the bottom of the market when it starts to go up again. … I am wondering whether we are about to see that at this stage. Further to last weeks post, there is still nothing particular that has had a direct impact to the market … More Sydney Market Commentary October 22nd
Interest rates are at an all time low. The official cash rate is on hold. There is a well documented shortage of stock on the market. Property prices have not risen as a whole for 2 quarters. Typical home ownership is recorded as being just over 10 years (RPData) which statistically means that most people … More Sydney Market Commentary October 16th
An exciting ready-made start for the family With its north facing aspect, stylishly updated single level floorplan and generous block all set in a popular locale, this home offers an exciting option for those looking for a ready-made, quality market entry. Brimming with natural light, its elevated at the rear enjoying a leafy district outlook … More 49 Havilah Ave, Wahroonga – SOLD $1,160,000
Lending: At present we are witnessing banks taking longer to approve finance for prospective purchasers, possibly as a result of the ongoing Royal commission. There is speculation that interest rates will rise, albeit at their lowest rate historically, buyers are nervous about this. LVR or Loan to value ratio seems to be a bit more … More Market Commentary September 4th
Well, the prediction data from the big forecasters was wrong, the Sydney market dropped more than they had expected, at 1.2% this quarter rather than 0.9%. However, they are sure to be correct that the yearly prediction is a fall of between 5% and 6%. The good news is, we will know if a few … More Sydney Market Commentary September 18th
Cherished by the same family for twenty three years, this captivating home delivers a superb family retreat with a focus on relaxed liveability and inspired entertaining. The magic is immediate from the superb gardens that surround it, to its stylish contemporary aesthetic. Inside is a haven of light with over-sized rooms and a versatile … More 1 Apollo Avenue, West Pymble – SOLD $1,810,000
Award-winning contemporary beauty in a tranquil setting This superb residential sanctuary has been designed to encapsulate luxury family living resting on a superb north-east facing 928sqm block in a quiet, sleepy cul-de-sac. Embracing contemporary style, this HIA award winning home delivers substantial, light filled interiors with a superb layout which includes multiple living spaces, a … More 4 Ramsay Avenue, West Pymble – Rented
I read an article that suggested the Sydney buyers were given hope as properties sell below price guide. While we have not seen a lot of evidence on this locally, the main story out of this is that some sellers have compared their home with properties sold as far as 12 months ago. Further, the … More Sydney market Commentary September 3rd
The number of listed Auctions for this time of year doesn’t seem to be overwhelming, however we are definitely getting the feeling there is more to come in the short term. I read an article this morning in the Financial Review regarding vendors hiking their reserve prices on the day of the auction or just … More Sydney market commentary 28th August
The Sydney Auction market seems to be neutral at the moment with clearance rates between 50% and 60%. However, there has been a strong shift toward selling prior, and buyers waiting to negotiate, post Auction. Buyers are always hoping to pick up on any small piece of negative coverage in the media and sellers will … More Sydney Market Commentary August 20
Thomas Merriman 