It feels strange reporting Auction Clearance Rates so early in the year and it is almost a strange reality to accept that they are so low, already. However, I must exclaim, we are not really in ‘full swing’ yet, with only 30 Auctions reported to have taken place across Sydney. Of those 30 Auctions, 16 … More SYDNEY AUCTION RESULTS 30th JANUARY
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
Happy New Year Well, the new year is here, in terms of the calendar, not necessarily ‘the market’ however, I have been receiving strong enquiry from interested buyers and sellers already. While we all wait in anticipation of what the year may hold in terms of market conditions and house prices in 2016, media outlets … More New Year Market Commentary
At least we are seeing a sign of consistency, for the first time in this ‘boom market’; Auction Clearance Rates were steady at 58% at the weekend. We must take the good from what we have seen lately, which is; despite a drop of around 20-25% in Auction Clearance Rates we have seen continual growth … More SYDNEY AUCTION RESULTS 5TH DECEMBER + MARKET COMMENTARY
It is an indubitable truth now that the Sydney property market has gone ‘off the boil’. While this is a hard admission for a Real Estate agent, it would be idiocy for a buyer to assume that this is the beginning of the end. In fact, Australian, and of course Sydney property on a 10 … More Softening market; who cares?
The nifty fifty mark seems to be the new ordinary in Auction Clearance Rates.
… More SYDNEY AUCTION RESULTS 28TH NOVEMBER + MARKET COMMENTARY
It’s a little like last year now; a bit of a yo-yo of results in the Auctions market. … More SYDNEY AUCTION RESULTS 21st NOVEMBER
I don’t think so. It has been over a week since the market confidence in a rate cut turned from above 10% to below 10%, sitting at 8% currently. This is an indicator of expectations as to whether the Reserve Bank of Australia will drop interest rates to 1.75%. Notably, this morning I was reading … More Interest rate cut?
Once again, the shining light from the latest results is the median sale price; $1,136,000. … More SYDNEY AUCTION RESULTS 14TH NOVEMBER + MARKET COMMENTARY
Market confidence in another rate cut is at a very low, currently tracking at 19% in favour of a rate cute. … More RBA commentary – Market confidence in another rate cut is very low, currently tracking at 19% in favour of a rate cut.
Thomas Merriman 