Once again, in spite of negative coverage of late in the media, the Auction clearance rate, median sale price and property market continues strongly. There were 880 properties scheduled to go to auction at the weekend, which is high, with 608 reported to have taken place and 512 sold under the hammer. There were 58 … More Real Estate Market Commentary MAY 20TH
The first weekend of Auctions since the release of the new budget and it would seem that things are ticking along quite nicely. There were a lot of properties listed to go to Auction at the weekend and clearance rates were only slightly lower than this time last year. I would hazard a guess that … More Real Estate Market Commentary MAY 13TH
There has been a lot of talk about Autumn and Spring being the new Summer of selling, especially in the Sydney market. Backed up recently by a statement made by Dr Andrew Wilson of Domain, which was reiterated in a Real Estate commercial currently circulating on radio, it seems to be more than anecdotal. Traditionally buyers … More Real Estate Market Commentary MAY 6
I have read a lot of criticism directed at the Sydney Property Market of late, well the East-Australian market, but more notably, Sydney. This was boiling up to the point of a bubble pop, which recently became the new narrative from property commentators signalling to us that the bubble had popped after 4 weeks of … More Real Estate Market Commentary APRIL 29
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
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
We are more than half way through November and only have a handful of weeks up our sleeves until Christmas but the elasticity of this property cycle seems to keep proving its strength week after week. There is now real cause for concern for the impending slope in the current property cycle with speculation of … More Real Estate Market Commentary NOVEMBER 19TH
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
Spring has no arrived, albeit late, the sunny weather seemed to force the buyers out in numbers to open homes across the Upper North Shore at the weekend. This new influx of buyers is timely with Auction numbers starting to spike, Sydney had 831 properties listed for Auction at the weekend. We are certainly in … More Real Estate Market Commentary 5TH 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 