The Australian stock market is currently performing at a 12 month low based on the S&P ASX 200 Stock market index and other indicative stocks i.e ASX (ASX limited FPO). As the property market started to slow, namely the Sydney market, the stock market started to rise, and rise rapidly. For the most part of … More Sydney market commentary October 29
https://www.flipsnack.com/raywhiteturramurra/market-snapshot-july-september.html This link will take you to the latest figures for the Upper North Shore market including median sale prices and clearance rates. Thomas Merriman.
They say that we only know when we have hit the bottom of the market when it starts to go up again. … I am wondering whether we are about to see that at this stage. Further to last weeks post, there is still nothing particular that has had a direct impact to the market … More Sydney Market Commentary October 22nd
Interest rates are at an all time low. The official cash rate is on hold. There is a well documented shortage of stock on the market. Property prices have not risen as a whole for 2 quarters. Typical home ownership is recorded as being just over 10 years (RPData) which statistically means that most people … More Sydney Market Commentary October 16th
An exciting ready-made start for the family With its north facing aspect, stylishly updated single level floorplan and generous block all set in a popular locale, this home offers an exciting option for those looking for a ready-made, quality market entry. Brimming with natural light, its elevated at the rear enjoying a leafy district outlook … More 49 Havilah Ave, Wahroonga – SOLD $1,160,000
Lending: At present we are witnessing banks taking longer to approve finance for prospective purchasers, possibly as a result of the ongoing Royal commission. There is speculation that interest rates will rise, albeit at their lowest rate historically, buyers are nervous about this. LVR or Loan to value ratio seems to be a bit more … More Market Commentary September 4th
There was certainly more activity at open homes at the weekend with new buyers hitting the market for Spring. While Auction clearance rates were still down at around the mid 50% mark there were a few recorded stand out Auctions across Sydney selling well above reserve with plenty of active bidding. 8 Exeter Road, Wahroonga … More Sydney Market Commentary September 24
House-like townhouse, stylish and easy care Set amidst a leafy canopy and surrounded by vast wraparound terraces and easy care gardens, this elegant residence delivers a superb buying option. One of only four in the exclusive collection (with entry via Beechworth Road), it delivers a house-like ambience with a private setting and easy flow between … More 1/1224 Pacific Highway, Pymble – SOLD $1,350,000
Well, the prediction data from the big forecasters was wrong, the Sydney market dropped more than they had expected, at 1.2% this quarter rather than 0.9%. However, they are sure to be correct that the yearly prediction is a fall of between 5% and 6%. The good news is, we will know if a few … More Sydney Market Commentary September 18th
Cherished by the same family for twenty three years, this captivating home delivers a superb family retreat with a focus on relaxed liveability and inspired entertaining. The magic is immediate from the superb gardens that surround it, to its stylish contemporary aesthetic. Inside is a haven of light with over-sized rooms and a versatile … More 1 Apollo Avenue, West Pymble – SOLD $1,810,000
Thomas Merriman 