Scheduled Auction numbers at the weekend represented a figure more in line with what we expect for a Spring market when comparing to the past few years’ figures. Surprisingly, the clearance rate was still quite high, not as high as last week, but with a sharp surge in auction numbers the clearance figure remained strong. … More Real Estate Market Commentary 24TH SEPTEMBER
The big news at the moment seems to be the ‘lack of stock’ because everybody needs justification as to why the market is either high or rising or about to crash. There is definitely truth in that though, there is a lack of stock but we have had a few years of very active selling, … More Real Estate Market Commentary 10th SEPTEMBER
Now that we are entering Spring, I think we are all expecting that the market is about to ‘open’, which seems a funny way of thinking about Real Estate now, since Winter has been so good 3 years in a row. We did see a climb in the median sale price on Saturday which is … More Real Estate Market Commentary 3rd SEPTEMBER
Yet another interesting progression in the market at the weekend with Auction Clearance rates still sitting up in the 80% range and median prices for property sold up again. There is smudges of positive and negative feedback about the market in the media publications including the increased rumble from the ‘disruptors’ to the industry. In … More Real Estate Market Commentary 27th AUGUST
Well, I have seen an article suggesting that the Saturday just gone was the best set of Auctions we have had in August, ever. At 84% Clearance Rate, that is no surprise. The amount of property going to Auction is a bit lower however, which may be a contributing factor. The lower stock levels are … More Real Estate Market Commentary 20th AUGUST
It would seem my little hunch was right. I mean, anything can change in 24 hours, but it seemed to quiet for the Auction rates to start sliding anytime soon and now the media are having a field day with ‘low stock levels’ but Spring is coming soon – sooner, I think. There were originally … More Real Estate Market Commentary 13TH AUGUST
This could be an interesting week with a number of different figures being released that may impact the property market in a positive way. The Reserve banks meeting is tipped at a 64% likeliness of a rate cut to 1.50% but either way I don’t think an announcement to stay at 1.75% will be a … More Real Estate Market Commentary 20th JULY
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
The cold is here, the School holidays are upon us, there were Millions of people pre-occupied with the Federal Election on Saturday and still, we had a 74% Auction Clearance Rate. There is not much else to update this week as we all wait with bated breath to see whether Certain changes come in depending … More Real Estate Market Commentary 2nd JULY
Thomas Merriman 