Since 2015 Auction results have been soaring, it is obvious and it has been well covered. Typically, when we have dropped below a certain benchmark it hasn’t been a sustained ‘low’ it generally corrects quite quickly. However, whether it is Winter coinciding with other external factors, we are starting to see a slightly sustained low … More Real Estate Market Commentary – June 17
The first weekend of Auctions since the release of the new budget and it would seem that things are ticking along quite nicely. There were a lot of properties listed to go to Auction at the weekend and clearance rates were only slightly lower than this time last year. I would hazard a guess that … More Real Estate Market Commentary MAY 13TH
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
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
Spring has no arrived, albeit late, the sunny weather seemed to force the buyers out in numbers to open homes across the Upper North Shore at the weekend. This new influx of buyers is timely with Auction numbers starting to spike, Sydney had 831 properties listed for Auction at the weekend. We are certainly in … More Real Estate Market Commentary 5TH NOVEMBER
Another School Holiday weekend with great results for the property market, insofar as Auction results, which is great! There were originally 651 Auction scheduled for the weekend with 466 reportedly taking place and of those, 394 were sold under the hammer. There were also 34 properties withdrawn for whatever reason. The median price of property … More Real Estate Market Commentary 8TH OCTOBER
The big news at the moment seems to be the ‘lack of stock’ because everybody needs justification as to why the market is either high or rising or about to crash. There is definitely truth in that though, there is a lack of stock but we have had a few years of very active selling, … More Real Estate Market Commentary 10th SEPTEMBER
The follow up to the long weekend solidifies that the property market is hunkering down for winter and we are in it for the long haul, together. Auction clearance rates remained strong at 78% and the high number of agents and vendors still relying upon Auction as the preferred method of sale continues. There were … More Real Estate Market Commentary 18th JUNE
The weekend was a typical example of a long-weekend in Real Estate, lesser amounts of property taken to Auction and slightly lower clearance rates of property that was. However, there was still 284 properties listed to go to Auction with 182 going up and 143 selling under the hammer. There were 21 properties withdrawn for … More Real Estate Market Commentary JUNE 11th
Thomas Merriman 