The weekend was a typical example of a long-weekend in Real Estate, lesser amounts of property taken to Auction and slightly lower clearance rates of property that was. However, there was still 284 properties listed to go to Auction with 182 going up and 143 selling under the hammer. There were 21 properties withdrawn for … More Real Estate Market Commentary JUNE 11th
Well, it seems to be going on for too long to be a false rally, the Auction Clearance Rates were supposed to – by speculation – peak and trough quite quickly this year. In fact, most rhetoric was surrounding the market ‘crashing’ with people even forming financial opinions against the market, by way of option-trading … More Real Estate Market Commentary MARCH 19
Well, it’s almost predictable, well, nothing is predictable – call me a pessimist. … The Auction Clearance Rate went up at the weekend and the ‘median sale price’ [at Auction] dipped on last years average. I oft commented on the clearance rates’ impact on the median price of property sold at Auction, but I am … More SYDNEY AUCTION RESULTS 6TH FEBRUARY
It feels strange reporting Auction Clearance Rates so early in the year and it is almost a strange reality to accept that they are so low, already. However, I must exclaim, we are not really in ‘full swing’ yet, with only 30 Auctions reported to have taken place across Sydney. Of those 30 Auctions, 16 … More SYDNEY AUCTION RESULTS 30th JANUARY
It is an indubitable truth now that the Sydney property market has gone ‘off the boil’. While this is a hard admission for a Real Estate agent, it would be idiocy for a buyer to assume that this is the beginning of the end. In fact, Australian, and of course Sydney property on a 10 … More Softening market; who cares?
The nifty fifty mark seems to be the new ordinary in Auction Clearance Rates.
… More SYDNEY AUCTION RESULTS 28TH NOVEMBER + MARKET COMMENTARY
It’s a little like last year now; a bit of a yo-yo of results in the Auctions market. … More SYDNEY AUCTION RESULTS 21st NOVEMBER
The number of buyers coming through open homes seems to be a bit ‘touch and go’ at the moment with most agents I am speaking to saying that it is completely unpredictable. Properties such as accessible (price wise) apartments and certain ‘renovators’ are not getting the interest one would expect where properties with a search … More SYDNEY AUCTION RESULTS 24TH OCTOBER
What a massive weekend for Auctions, clearly the market is still buoyant and may continue. … More SYDNEY AUCTION RESULTS –26TH SEPTEMBER SUPER SATURDAY
Sydney woke to the headlines on Sunday morning revealing the lowest Spring Auction Clearance Rates in 3 years, amid claims the ‘Boom market’ has now ended. … More SYDNEY AUCTION RESULTS –19TH SEPTEMBER
Thomas Merriman 