Typically I would not cite weather, holidays or significant events as a reason for low open home numbers or low Auction clearance rates but as the bigger picture stuff impacts us more and more, it looks like it weighs on the small picture stuff. The weekend of wet wind and cold certainly had an impact … More Sydney market Commentary May 14th
Private single level living amongst the treetops Fresh and inviting and embraced by gorgeous leafy surrounds, this easy-living home rests at the end of a family friendly cul-de-sac. Sweeping across a generous single level floorplan, this home is perfect for entertaining. The large open plan granite kitchen and dining area open to an alfresco terrace … More 22a Ramsay Avenue, West Pymble – SOLD – Undisclosed amount
Well, we have definitely passed the tougher part of the Winter market with Sydney’s ‘warmest July weekend’ set to hit this weekend and stock number and sale prices looking up. There were an average amount of properties scheduled for auction last weekend at 479 with 331 reported to have taken place and 275 reported to … More Sydney Market Commentary July 22nd
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
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
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
September was a big month in Sydney for property sales with the continuation of the high market, prices have remained high and stock has continued to turn over at a solid rate. Auction clearance results peaked for the year at close to 90% depending on which publication one trusts, be it RPData or APM etc. … More SEPTEMBER, WRAPPED UP
Scheduled Auction numbers at the weekend represented a figure more in line with what we expect for a Spring market when comparing to the past few years’ figures. Surprisingly, the clearance rate was still quite high, not as high as last week, but with a sharp surge in auction numbers the clearance figure remained strong. … More Real Estate Market Commentary 24TH SEPTEMBER
Thomas Merriman 