Lending: At present we are witnessing banks taking longer to approve finance for prospective purchasers, possibly as a result of the ongoing Royal commission. There is speculation that interest rates will rise, albeit at their lowest rate historically, buyers are nervous about this. LVR or Loan to value ratio seems to be a bit more … More Market Commentary September 4th
This week the clearance rate dropped again but at least we have seen some fluctuation rather than a complete drop off. While we were up around 65% last weekend, we did drop again to about 56% this weekend. There is continued speculation of a rate rise, but no evidence of it happening soon. I guess … More Sydney Market Commentary Saturday June 2
Saturday was supposed to be the biggest Auction day Across Australia with Melbourne leading the way with 1,714 Auctions scheduled and a 64% Clearance rate, which is great. Sydney had 1,106 Auctions with a 64% clearance rate as well, which is very good with the higher amount of property going up. There were however, 698 … More Sydney Auction results 24th March
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
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
It is still too early in the year for anybody to be throwing out any solid evidence for the future of the property market in 2016. However, the signs of buyers, slow trickling of property ‘for sale’ entering marketplaces, and the positivity from agents’ discussion over the last fortnight would suggest strong signs. The issue … More Sydney property commentary Saturday 23rd January
Just a quick update on East Coast markets, which I found interesting … More Investing?
Thomas Merriman 