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
The Winter market has survived so far this year, and we should not be surprised, or should we? With tighter restrictions on foreign buyers and and – what should be – an exhausted Sydney market, none of the normal Winter woes seem to have hindered the market at all. In fact, low stock levels and … More AUGUST MARKET COMMENTARY: IS THE MARKET GOING TO PICK UP?
Building opportunity in a beautiful beach suburb near Sydney
I don’t want to speak too soon, but it feels like Spring. The sun is rising earlier, grass is starting to grow and the Auction clearance rate is almost up at 80%. Recent news of the RBA’s decision to cut the official cash rate even lower to 1.50% definitely spurred the market on slightly, see … More Real Estate Market Commentary AUGUST 6TH
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
Amid speculation that the RBA will drop the official cash rate again at the next meeting, buyers confidence levels are spiking slightly. However, this could also be the product of low stock levels and fear of constant rising prices also. Sydney, and most of the East coast of Australia was pummeled by strong winds and … More Real Estate Market Commentary
Almost a month into the new financial year and well into Winter and we are still looking at Auction Clearance Rates above 75%. While stock levels are reported to be a lower (than this time last year) there is an obvious trend that is continuing in buyer sentiment. A look at the ASX 30 day … More Real Estate Market Commentary 16TH JULY
Unique architectural home loaded with potential An inspiring combination of superb architecture, a substantial floor plan and magnificent elevated bushland vistas makes this home an outstanding buying opportunity just brimming with an abundance of potential. Ready for a designer makeover it possesses all the elements to create a very special residence.
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
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Thomas Merriman 