Every week I make comment on the Auction Clearance Rates and yet I still feel as though the actual clearance rate is becoming less and less important as the market changes. However, the market changes are not all bad. There were originally 992 Auction scheduled to take place with only 605 going up and 449 … More Sydney Market Commentary – October 28th
The ongoing speculation of a crashing market has lead buyers into a self fulfilling prophecy. There are still plenty of buyers out there, there are still plenty of people ready to buy but it seems they are sitting on their hands as we wait and see what will happen. Ultimately, this may lead to a short … More Real Estate Market Commentary 27TH MAY
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 There were 562 auctions reported to have taken place with 479 selling under the hammer and 27 properties withdrawn for whatever reason.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
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
Another School Holiday weekend with great results for the property market, insofar as Auction results, which is great! There were originally 651 Auction scheduled for the weekend with 466 reportedly taking place and of those, 394 were sold under the hammer. There were also 34 properties withdrawn for whatever reason. The median price of property … More Real Estate Market Commentary 8TH OCTOBER
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
From first glance it would seem as though the market is still continuing to move forward at full steam. In fact, after much research, it would be the same assessment. Despite interruptions such as rain, winter, school holidays, long-weekends and the Federal Election (which could alter the market significantly) and the quiet changes to policy … More UPPER NORTH SHORE SNAPSHOT: FIRST 2 QUARTERS 2016
It’s a little like last year now; a bit of a yo-yo of results in the Auctions market. … More SYDNEY AUCTION RESULTS 21st NOVEMBER
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?
Sydney Upper North Shore median house prices … More What is your suburb doing?
Thomas Merriman 