The ongoing speculation of a crashing market has lead buyers into a self fulfilling prophecy. There are still plenty of buyers out there, there are still plenty of people ready to buy but it seems they are sitting on their hands as we wait and see what will happen. Ultimately, this may lead to a short … More Real Estate Market Commentary 27TH MAY
Once again, in spite of negative coverage of late in the media, the Auction clearance rate, median sale price and property market continues strongly. There were 880 properties scheduled to go to auction at the weekend, which is high, with 608 reported to have taken place and 512 sold under the hammer. There were 58 … More Real Estate Market Commentary MAY 20TH
Whether or not the slight rise in some banks interest rates and the possibility of continued rate rise has a direct impact on sales, it definitely has an emotional impact on people reading about it. Auction clearance rates were slightly down at the weekend to 76% and the median sale price at auction was at … More Real Estate Market Commentary DECEMBER 3RD
SUPER SATURDAY! Commonly, or, colloquially referred to as ‘Super Saturday’ the weekend that was traditionally receives extensive coverage, scrutiny and fanfare. … and for good reason. There was reportedly 961 properties scheduled for auction with 645 to take place and 553 properties reported to have cleared at Auction. The week leading up to Saturdays auctions … More Real Estate Market Commentary 26TH NOVEMBER
The last of the Auction campaigns for 2016 are beginning over the next week or so and with that we are seeing a flurry of buyers also hitting the market. The weekend just gone saw a very large – 792 – number of properties go to Auction. Buyer numbers certainly seem strong, still, at open … More Real Estate Market Commentary OCTOBER 29TH
Quick post; There were originally 673 Auctions scheduled across Sydney at the weekend with 198 taking place and 428 reported to have been sold under the hammer. There were 47 withdrawn for whatever reason. The Clearance rate was still high at 80% and the median was $1,222,500 which is very high. Thomas Merriman.
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 There were also 34 properties withdrawn for whatever reason.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
There is a lot of talk of ‘low stock levels’ at the moment, and considering that normally we are seeing around 6/700 Auctions occur on a Saturday (at this time of year) we still had 567 scheduled – Which isn’t a significant drop. I would also suggest that while the market hasn’t really made a … More Real Estate Market Commentary 17TH SEPTEMBER
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
Now that we are entering Spring, I think we are all expecting that the market is about to ‘open’, which seems a funny way of thinking about Real Estate now, since Winter has been so good 3 years in a row. We did see a climb in the median sale price on Saturday which is … More Real Estate Market Commentary 3rd SEPTEMBER
Thomas Merriman 