An exciting ready-made start for the family With its north facing aspect, stylishly updated single level floorplan and generous block all set in a popular locale, this home offers an exciting option for those looking for a ready-made, quality market entry. Brimming with natural light, its elevated at the rear enjoying a leafy district outlook … More 49 Havilah Ave, Wahroonga – SOLD $1,160,000
Lending: At present we are witnessing banks taking longer to approve finance for prospective purchasers, possibly as a result of the ongoing Royal commission. There is speculation that interest rates will rise, albeit at their lowest rate historically, buyers are nervous about this. LVR or Loan to value ratio seems to be a bit more … More Market Commentary September 4th
Across the Upper North Shore market over the past 2 weeks we have seen a dramatic uptick in buyers across all price ranges. Sentiment has been down slightly over the cooler months which is expected in a typical market, we got a little to comfortable over the past 3 or 4 years with busy winters … More Sydney Market Commentary July 24th
We are officially returning to a normal market with a few consecutive months of stable figures, Auctions are sitting around 50% to 60% and price growth has slowed for most segments in the market. As the price growth has slowed, some prices are still above the odds however, it always comes back to the asking … More Sydney market commentary July 9th
At the moment, there has been a lot of negativity in the media about the market and a lot of that is due to the tightening of investor lending criteria, lower Auction clearance rates across the Sydney market and speculation that a rate rise would cripple the current marketplace. However, the Upper North Shores core … More Sydney market commentary July 4
This week the clearance rate dropped again but at least we have seen some fluctuation rather than a complete drop off. While we were up around 65% last weekend, we did drop again to about 56% this weekend. There is continued speculation of a rate rise, but no evidence of it happening soon. I guess … More Sydney Market Commentary Saturday June 2
Well, nothing changed last weekend. However, there were definitely more people out in the marketplace and that resulted in some fantastic local Auctions and great inspection numbers at properties across the Upper North Shore. There were originally 665 Auctions scheduled across Sydney with 383 reported to have taken place and 291 sold under the hammer. … More Sydney Market Commentary May 28th
It’s official, the Auction Clearance rate has dropped to its lowest point in recent history at the weekend resting at just 55%. There were 524 properties originally listed for Auction with 321 reported to have taken place and 217 sold under the hammer – as reported. The median sale price of property sold was still … More Sydney Market Commentary May 19th
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
Saturday was supposed to be the biggest Auction day Across Australia with Melbourne leading the way with 1,714 Auctions scheduled and a 64% Clearance rate, which is great. Sydney had 1,106 Auctions with a 64% clearance rate as well, which is very good with the higher amount of property going up. There were however, 698 … More Sydney Auction results 24th March
Thomas Merriman 