This month has been a funny one with properties selling miles above reserve prices across Sydney and the Upper North Shore, record high buyer inspection contrasted by unusually low buyer inspections. There has been typical market speculation, a drop in Auction clearance rate and median sale price across Sydney and growing pressure on banks for … More Real Estate Market Commentary APRIL 22ND
Super Saturday in Sydney with over 1,150 Auctions scheduled to take place on Saturday, everybody was watching with eagerness, buyers, sellers and agents alike. Of the original properties scheduled to go to Auction, 814 were reported to go under the hammer and 700 were reported to have sold with 51 withdrawn for whatever reason. The … More Real Estate Market Commentary APRIL 8TH
Another week above 80%. The Sydney auction clearance rate at the weekend was up again at 81% with 800 properties originally scheduled to go up for auction. There were 562 auctions reported to have taken place with 479 selling under the hammer and 27 properties withdrawn for whatever reason. The Upper North Shore reported a … More Real Estate Market Commentary APRIL 1st
The last few years of this ‘boom market’ have displayed for us, a change in the traditional selling market. This has forced us all to adjust from a selling and buying perspective including, what time to sell and buy. What we have seen recently has been a change in seasons for selling, typically Spring or … More Real Estate Market Commentary MARCH 25th
Auction reporting this early in the year serves no purpose to speculation for the remainder of the year but it does give comfort to those of us with a vested interest in the market, even if it’s based on faith. It is interesting to see though, that the auction results for the first decent recordings … More Real Estate Market Commentary FEBRUARY 4
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
That’s a wrap. … Well, for auctions anyway. At this stage in the year, most agencies have wrapped up on all scheduled auctions for the year. There may still be a bit of stock on the market with vendors hopeful of a sale over the Christmas period which is unlikely but not unheard of. At … More Real Estate Market Commentary 10TH DECEMBER
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
There was certainly no negativity surrounding the weather and it’s impact on the market at the weekend, unless maybe the heat was too much. But I feel like on a whole, the sunshine after the rain was a welcome weather shift for punters at the weekend. Auction results were still strong at 80% which still … More Real Estate Market Commentary 12TH NOVEMBER
The last of the Auction campaigns for 2016 are beginning over the next week or so and with that we are seeing a flurry of buyers also hitting the market. The weekend just gone saw a very large – 792 – number of properties go to Auction. Buyer numbers certainly seem strong, still, at open … More Real Estate Market Commentary OCTOBER 29TH
Thomas Merriman 