Just a quick note to update regarding sale prices for property sales disclosed on the Upper North Shore in May. … Wahroonga total: $28,173,400 sold at a median of $1,565,188 Turramurra/Warrawee total: $28,204,000 sold at a median of $1,566,888 Pymble/West Pymble total: $15,967,500 sold at a median of $1,774,166 St Ives total: $35,994,888 sold at … More SALE PRICES, LATELY
It feels strange to finally say this, but one of the banks has banned lending to ‘foreign buyers’. I wonder if this is driven by the noise from buyers being ‘pushed out of the market’ or based on their risk mitigation practices, but AMP has now said ‘NO’. It may be expressed as a sympathy … More Real Estate Market Commentary MAY 28th
Another strong week of reporting. In short; The Government is still throwing around ‘popular’ solutions for ‘fix’ the housing market. There is still speculation of lower interest rates. Foreign buyers are back in the spotlight. And, Winter has done nothing to cool the property market in Sydney. There was originally 573 Auctions scheduled to take … More Real Estate Market Commentary MAY 21st
Another weekend of back-burning on the Upper North Shore, chilled mornings and busy open homes. It was a weekend much like the one before and much like the year before, buyers are looking to buy and by the look of the Auction clearance rates, they’re buying! I don’t have numbers on open homes across the … More Real Estate Market Commentary MAY 14th
Yesterday, 9th May 2016, the Cash Rate futures (June 2016 Contract), that economists use as an indicator to speculate the chance of cash rate rises/cuts by the RBA, were trading at 98.315. This would suggest that there is a 34% chance at this stage of another rate cut, bringing the official cash rate down to … More 0% ?
Winter is the new Summer, at least in Real Estate, or so it would seem. This year (2016) seems to be taking the same route as last year with regards to the Sydney property market. We started slowly last year and as the weather cooled, the marketing warmed, well, heated. We do have a rate … More Real Estate Market Commentary MAY 7th
In the face of looming speculation of a rate cut, the Auction Clearance Rates continued to perform for us at the weekend. As at the 29th of April, the market is showing a 58% chance of a rate cut from the RBA tomorrow – Tuesday 3rd of April – with positive unemployment figures and steady … More Real Estate Market Commentary APRIL 30th
Well, would you look at that! Last week, the Auction Clearance Rate was, for the first time – it seemed – this year, below 70% and the frenzy began, media sharks circled, doomsday was upon us. The weekend just gone, well, that was a different story; ‘the boom continues’, ‘no sign of property prices easing’, … More Real Estate Market Commentary APRIL 23RD
It looks like we have finally seen a drop in Clearance Rates worth noting; below 70% we fell. This may be the change in weather, the school holidays beginning, the lack of stock (ironically) or THE END OF THE BUBBLE – dare I say. Typically around a public holiday, school holidays or festive holidays we … More Real Estate Market Commentary APRIL 16
Now, as opposed to ‘doom and gloom’ articles, the media has slowly started to accept the ongoing positivity in the market with articles about the strong results NOT being completely negative. Rather than explain them as completely random and unexplainable, the [media] outlets seem to be embracing the results now, as a new ‘clickbait’ that people … More Real Estate Market Commentary APRIL 9
Thomas Merriman 