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
Despite a lot of negativity spreading like wild-fire throughout most media outlets over the last couple of weeks, the market continues to deliver, almost with a stern level of disobedience. While there has been a lot of speculation over the duration of this ‘boom market’ most of it has been unfounded and predominantly mounted on … More Real Estate Market Commentary APRIL 2
As was expected, there was not a whole lot happening over the Easter long weekend, but the Auction results were still firm. Of the 56 properties listed for Auction, 27 sold and 5 were withdrawn – the preliminary clearance rate is 71% which is consistent with the way things have been travelling this year. The … More Real Estate Market Commentary MARCH 26th
Well, it seems to be going on for too long to be a false rally, the Auction Clearance Rates were supposed to – by speculation – peak and trough quite quickly this year. In fact, most rhetoric was surrounding the market ‘crashing’ with people even forming financial opinions against the market, by way of option-trading … More Real Estate Market Commentary MARCH 19
Headlines are a-plenty at the moment regarding the property market, funnily enough, most conflicting with eachother. I have read – in the past few weeks – a number of stories about the ‘Big Short’ in Australian property markets, indicating that the loans that banks have made with buyers will all default at the same time. Also … More Real Estate Market Commentary MARCH 12
I am loathed to continue commentary about this ‘bubble’ as it suggests that either, I am convinced we are in a bubble or that we need to find labels for things that are cyclical. When the market is doing well, it is a bubble, when it is doing poorly, it is a crisis, what I think we … More Real Estate Market Commentary MARCH 5th
Well, as was expected, the RBA has kept the official cash rate on hold at 2%. This comes at a time where the Property ‘industry’ is contributing more to the Australian economy than mining, I am unclear on the figures, at least not clear enough to quote them. There has also been growth figures thrown … More RBA CASH RATE COMMENTARY
Thomas Merriman 