Thomas Merriman

Firstly, Auction clearance rates across Sydney have risen 4 weeks in a row resting now at just over 60% which is a positive sign for sellers. A falling auction rate can be capitalised on by buyers driving negative sentiment through the market.  Domain data suggests that most properties are selling 6.7% below their original listed price, so while we are seeing … More Market Wrap

Firstly, Every time the market is performing well it is interesting to observe people’s response, buyers and sellers both act as if the market will never pull back and growth will continue forever. Buyer’s panic buy as they are concerned that they will be closed out of the market forever as prices rise and seller’s hold on … More Current market condition report | Price slide 1.5% in 2022