Mortgages – Thomas Merriman

Are Sydney’s receding house prices due to a lapse in market sentiment, or a justifiable fear of a prolonged downturn?

November 13, 2018

At present there is a lot of noise about the current state of the Real Estate market in Sydney, with plenty of speculation that the prices have receded, and plenty more that prices will continue to fall for a varying period of time. Usually when the market fluctuates aggressively, as it has recently, we can … More Are Sydney’s receding house prices due to a lapse in market sentiment, or a justifiable fear of a prolonged downturn?

Sydney Market Commentary October 16th

October 16, 2018

Interest rates are at an all time low. The official cash rate is on hold. There is a well documented shortage of stock on the market. Property prices have not risen as a whole for 2 quarters. Typical home ownership is recorded as being just over 10 years (RPData) which statistically means that most people … More Sydney Market Commentary October 16th

49 Havilah Ave, Wahroonga – SOLD $1,160,000

October 12, 2018

An exciting ready-made start for the family With its north facing aspect, stylishly updated single level floorplan and generous block all set in a popular locale, this home offers an exciting option for those looking for a ready-made, quality market entry. Brimming with natural light, its elevated at the rear enjoying a leafy district outlook … More 49 Havilah Ave, Wahroonga – SOLD $1,160,000

Sydney Market Commentary Saturday June 2

June 5, 2018

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

Real Estate Market Commentary FEBRUARY 4

February 10, 2017

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

Real Estate Market Commentary OCTOBER 15TH

October 20, 2016

Quick post; There were originally 673 Auctions scheduled across Sydney at the weekend with 198 taking place and 428 reported to have been sold under the hammer. There were 47 withdrawn for whatever reason. The Clearance rate was still high at 80% and the median was $1,222,500 which is very high. Thomas Merriman.

Real Estate Market Commentary 1ST OCTOBER

October 4, 2016

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

SYDNEY AUCTION RESULTS FEBRUARY 13

February 15, 2016

Well, it is interesting reading all the different publications and Auction recording outlets to see what the results were for the weekend just gone. I know that these agencies require agents to report their sales (on the most part) and report them correctly, this can be why there is some variation the data we look … More SYDNEY AUCTION RESULTS FEBRUARY 13

INTEREST RATES COMMENTARY 4TH FEBRUARY

February 4, 2016

There seems to be a mixed view of the RBA’s choice to keep the official cash rate on hold at 2% after the meeting earlier this week (2nd February). While a lower interest rate would spark commentary about a damaged economy in need of support, a raised rate would be taken poorly by the capital … More INTEREST RATES COMMENTARY 4TH FEBRUARY

Super Mortgage

March 10, 2015

Finding ways to stimulate the already buoyant Real Estate market are not going to assist people in the long, or short, term … More Super Mortgage

Thomas Merriman

Real Estate Agent

Tag: Mortgages