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
It’s official, the Auction Clearance rate has dropped to its lowest point in recent history at the weekend resting at just 55%. There were 524 properties originally listed for Auction with 321 reported to have taken place and 217 sold under the hammer – as reported. The median sale price of property sold was still … More Sydney Market Commentary May 19th
Market There is a lot of media scrutiny around the ‘Spring market’ not being as bouncy as usual with Auction clearance rates lower than last years and the urgency in the market disappearing – and – On the whole, this criticism of the market is true. However, isolating the Auction Clearance Rates from the overall … More Sydney Market Commentary – October 14th
The shock of winter has set in and the realisation that this shock is not enough to completely rattle the Sydney Real Estate market has well and truly set back in. We are still in the middle of school holidays, it is still cold but the need to sell and want to buy aren’t disappearing … More Sydney Market Commentary – 8th July
The first weekend of Auctions since the release of the new budget and it would seem that things are ticking along quite nicely. There were a lot of properties listed to go to Auction at the weekend and clearance rates were only slightly lower than this time last year. I would hazard a guess that … More Real Estate Market Commentary MAY 13TH
Once again most media outlets with Real Estate commentary are making note of the continuing high clearance rates at auction across Sydney and the trend upward of prices of property sold. I feel that we are getting nearer to a negative news cycle about property but for now the stories seem to be capitalising purely … More Real Estate Market Commentary 25TH FEBRUARY
Whether or not the slight rise in some banks interest rates and the possibility of continued rate rise has a direct impact on sales, it definitely has an emotional impact on people reading about it. Auction clearance rates were slightly down at the weekend to 76% and the median sale price at auction was at … More Real Estate Market Commentary DECEMBER 3RD
September was a big month in Sydney for property sales with the continuation of the high market, prices have remained high and stock has continued to turn over at a solid rate. Auction clearance results peaked for the year at close to 90% depending on which publication one trusts, be it RPData or APM etc. … More SEPTEMBER, WRAPPED UP
Long weekend; lower stock being taken to Auction, lower clearance rates and lower median sale price. … Normally. Although the figures were slightly down which is to be expected around a long weekend, we still saw some strong results. There were originally 263 properties scheduled to go to Auction with 187 reported to have taken … More Real Estate Market Commentary 1ST OCTOBER
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
Thomas Merriman 