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
Architectural beauty in a pristine setting A special end of cul-de-sac setting adjoining the natural beauty of the Lane Cove National Park is just the start for this exciting property. Created by noted architects Robertson & Hindmarsh in the 60’s for its current owners, it still demonstrates much of its original and daring architectural verve. … More 17 Jugiong Street, West Pymble – SOLD $1,410,000
Across the Upper North Shore market over the past 2 weeks we have seen a dramatic uptick in buyers across all price ranges. Sentiment has been down slightly over the cooler months which is expected in a typical market, we got a little to comfortable over the past 3 or 4 years with busy winters … More Sydney Market Commentary July 24th
We are officially returning to a normal market with a few consecutive months of stable figures, Auctions are sitting around 50% to 60% and price growth has slowed for most segments in the market. As the price growth has slowed, some prices are still above the odds however, it always comes back to the asking … More Sydney market commentary July 9th
This week the clearance rate dropped again but at least we have seen some fluctuation rather than a complete drop off. While we were up around 65% last weekend, we did drop again to about 56% this weekend. There is continued speculation of a rate rise, but no evidence of it happening soon. I guess … More Sydney Market Commentary Saturday June 2
Well, nothing changed last weekend. However, there were definitely more people out in the marketplace and that resulted in some fantastic local Auctions and great inspection numbers at properties across the Upper North Shore. There were originally 665 Auctions scheduled across Sydney with 383 reported to have taken place and 291 sold under the hammer. … More Sydney Market Commentary May 28th
It’s official, the Auction Clearance rate has dropped to its lowest point in recent history at the weekend resting at just 55%. There were 524 properties originally listed for Auction with 321 reported to have taken place and 217 sold under the hammer – as reported. The median sale price of property sold was still … More Sydney Market Commentary May 19th
Typically I would not cite weather, holidays or significant events as a reason for low open home numbers or low Auction clearance rates but as the bigger picture stuff impacts us more and more, it looks like it weighs on the small picture stuff. The weekend of wet wind and cold certainly had an impact … More Sydney market Commentary May 14th
Thomas Merriman 