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
The south-eastern capital cities were the beneficiaries of yet another strong weekend at Auction, the only real extraordinary mention goes to the ACT with a jump in clearance rates. For about 6/8 months I have been watching the Canberra district through to Goulburn and watched prices progress upward, albeit slowly. It has gradually built to … More Real Estate Market Commentary 18TH FEBRUARY
It’s official, we are back up and running, Sydney. Donald Trump, interest rates, foreign buyer restrictions, lending criteria changes, negative media coverage. … nothing is stopping us at the moment. It would seem that sheer supply and demand is the main attribute to the continuation of this now, standard, market. There were originally 543 properties scheduled to … More Real Estate Market Commentary FEBRUARY 11TH
Auction reporting this early in the year serves no purpose to speculation for the remainder of the year but it does give comfort to those of us with a vested interest in the market, even if it’s based on faith. It is interesting to see though, that the auction results for the first decent recordings … More Real Estate Market Commentary FEBRUARY 4
Happy New Year! Although we are already a full calendar month into the New Year, the Real Estate year has only really just begun. And,The Chinese New Year. Last weekend was our first weekend back of reported Auctions and this Saturday will see the return, possibly, of loads of listings hitting the web. However, while … More Sydney Market Commentary FEBRUARY 2nd
That’s a wrap. … Well, for auctions anyway. At this stage in the year, most agencies have wrapped up on all scheduled auctions for the year. There may still be a bit of stock on the market with vendors hopeful of a sale over the Christmas period which is unlikely but not unheard of. At … More Real Estate Market Commentary 10TH DECEMBER
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
SUPER SATURDAY! Commonly, or, colloquially referred to as ‘Super Saturday’ the weekend that was traditionally receives extensive coverage, scrutiny and fanfare. … and for good reason. There was reportedly 961 properties scheduled for auction with 645 to take place and 553 properties reported to have cleared at Auction. The week leading up to Saturdays auctions … More Real Estate Market Commentary 26TH NOVEMBER
We are more than half way through November and only have a handful of weeks up our sleeves until Christmas but the elasticity of this property cycle seems to keep proving its strength week after week. There is now real cause for concern for the impending slope in the current property cycle with speculation of … More Real Estate Market Commentary NOVEMBER 19TH
There was certainly no negativity surrounding the weather and it’s impact on the market at the weekend, unless maybe the heat was too much. But I feel like on a whole, the sunshine after the rain was a welcome weather shift for punters at the weekend. Auction results were still strong at 80% which still … More Real Estate Market Commentary 12TH NOVEMBER
Thomas Merriman 