Excitement may have been short lived or premature with last weeks auction results with a slight dip in Clearance rates this week. However, there were a few less auctions. We are currently in the lead up to Spring and the amount of properties getting read to hit the market shortly is starting to increase, from … More Market Commentary August 19th
It has been well documented today that the weekend Auction results across Sydney are the highest in two months. This will probably be attributed to the warmer weather we are having but is more than likely because there is a bit more stock hitting the market. We are also starting to see people mobilising for … More Market Commentary – August 12th
The privilege of owning a home has become a closer reality for some people looking for homes across Sydney with the announcement of the stamp duty concessions for First-home-buyers. However I don’t believe there is too much of this that will register on the radar in the Upper North Shore. The reason that this is … More Sydney Market Commentary July 1st
There has been a lot of talk about Autumn and Spring being the new Summer of selling, especially in the Sydney market. Backed up recently by a statement made by Dr Andrew Wilson of Domain, which was reiterated in a Real Estate commercial currently circulating on radio, it seems to be more than anecdotal. Traditionally buyers … More Real Estate Market Commentary MAY 6
I have read a lot of criticism directed at the Sydney Property Market of late, well the East-Australian market, but more notably, Sydney. This was boiling up to the point of a bubble pop, which recently became the new narrative from property commentators signalling to us that the bubble had popped after 4 weeks of … More Real Estate Market Commentary APRIL 29
This month has been a funny one with properties selling miles above reserve prices across Sydney and the Upper North Shore, record high buyer inspection contrasted by unusually low buyer inspections. There has been typical market speculation, a drop in Auction clearance rate and median sale price across Sydney and growing pressure on banks for … More Real Estate Market Commentary APRIL 22ND
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Super Saturday in Sydney with over 1,150 Auctions scheduled to take place on Saturday, everybody was watching with eagerness, buyers, sellers and agents alike. Of the original properties scheduled to go to Auction, 814 were reported to go under the hammer and 700 were reported to have sold with 51 withdrawn for whatever reason. The … More Real Estate Market Commentary APRIL 8TH
Another week above 80%. The Sydney auction clearance rate at the weekend was up again at 81% with 800 properties originally scheduled to go up for auction. There were 562 auctions reported to have taken place with 479 selling under the hammer and 27 properties withdrawn for whatever reason. The Upper North Shore reported a … More Real Estate Market Commentary APRIL 1st
The last few years of this ‘boom market’ have displayed for us, a change in the traditional selling market. This has forced us all to adjust from a selling and buying perspective including, what time to sell and buy. What we have seen recently has been a change in seasons for selling, typically Spring or … More Real Estate Market Commentary MARCH 25th
Thomas Merriman 