The follow up to the long weekend solidifies that the property market is hunkering down for winter and we are in it for the long haul, together. Auction clearance rates remained strong at 78% and the high number of agents and vendors still relying upon Auction as the preferred method of sale continues. There were … More Real Estate Market Commentary 18th JUNE
Well, it is beginning to sound like a cliche’ when talking about the weather potentially being the thing that slows the property market; the colder weather, the wet, the wind, winter in general. It hasn’t seemed to impact it yet and the weekend that was, certainly tested us. With over 9,000 calls made to emergency services, major … More Real Estate Market Commentary 4th JUNE
It feels strange to finally say this, but one of the banks has banned lending to ‘foreign buyers’. I wonder if this is driven by the noise from buyers being ‘pushed out of the market’ or based on their risk mitigation practices, but AMP has now said ‘NO’. It may be expressed as a sympathy … More Real Estate Market Commentary MAY 28th
Another weekend of back-burning on the Upper North Shore, chilled mornings and busy open homes. It was a weekend much like the one before and much like the year before, buyers are looking to buy and by the look of the Auction clearance rates, they’re buying! I don’t have numbers on open homes across the … More Real Estate Market Commentary MAY 14th
Well, would you look at that! Last week, the Auction Clearance Rate was, for the first time – it seemed – this year, below 70% and the frenzy began, media sharks circled, doomsday was upon us. The weekend just gone, well, that was a different story; ‘the boom continues’, ‘no sign of property prices easing’, … More Real Estate Market Commentary APRIL 23RD
Now, as opposed to ‘doom and gloom’ articles, the media has slowly started to accept the ongoing positivity in the market with articles about the strong results NOT being completely negative. Rather than explain them as completely random and unexplainable, the [media] outlets seem to be embracing the results now, as a new ‘clickbait’ that people … More Real Estate Market Commentary APRIL 9
As was expected, there was not a whole lot happening over the Easter long weekend, but the Auction results were still firm. Of the 56 properties listed for Auction, 27 sold and 5 were withdrawn – the preliminary clearance rate is 71% which is consistent with the way things have been travelling this year. The … More Real Estate Market Commentary MARCH 26th
Headlines are a-plenty at the moment regarding the property market, funnily enough, most conflicting with eachother. I have read – in the past few weeks – a number of stories about the ‘Big Short’ in Australian property markets, indicating that the loans that banks have made with buyers will all default at the same time. Also … More Real Estate Market Commentary MARCH 12
I am loathed to continue commentary about this ‘bubble’ as it suggests that either, I am convinced we are in a bubble or that we need to find labels for things that are cyclical. When the market is doing well, it is a bubble, when it is doing poorly, it is a crisis, what I think we … More Real Estate Market Commentary MARCH 5th
Once again, the Sydney market proves to have out-performed all the ‘professional’ speculation from multiple sources and absurd claims in the style of boom busting bubble pop. There was speculation that the start of the year would be a fizzer and that the bubble was growing too big, does that mean people either, don’t care … More Real Estate Market Commentary FEBRUARY 27
Thomas Merriman 