Another positive review of the Sydney Auction market this week and we revel in Clearance Rates still in the 70’s. A continuation at the weekend of the positive sales results as more and more stock seems to be listed for sale by Auction and subsequently selling at Auction. With Clearance Rates up again at 77% at the … More Real Estate Market Commentary FEBRUARY 20
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
Well, it’s almost predictable, well, nothing is predictable – call me a pessimist. … The Auction Clearance Rate went up at the weekend and the ‘median sale price’ [at Auction] dipped on last years average. I oft commented on the clearance rates’ impact on the median price of property sold at Auction, but I am … More SYDNEY AUCTION RESULTS 6TH FEBRUARY
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
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 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
Thomas Merriman 