Yet another interesting progression in the market at the weekend with Auction Clearance rates still sitting up in the 80% range and median prices for property sold up again. There is smudges of positive and negative feedback about the market in the media publications including the increased rumble from the ‘disruptors’ to the industry. In … More Real Estate Market Commentary 27th AUGUST
Well, I have seen an article suggesting that the Saturday just gone was the best set of Auctions we have had in August, ever. At 84% Clearance Rate, that is no surprise. The amount of property going to Auction is a bit lower however, which may be a contributing factor. The lower stock levels are … More Real Estate Market Commentary 20th AUGUST
It would seem my little hunch was right. I mean, anything can change in 24 hours, but it seemed to quiet for the Auction rates to start sliding anytime soon and now the media are having a field day with ‘low stock levels’ but Spring is coming soon – sooner, I think. There were originally … More Real Estate Market Commentary 13TH AUGUST
I don’t want to speak too soon, but it feels like Spring. The sun is rising earlier, grass is starting to grow and the Auction clearance rate is almost up at 80%. Recent news of the RBA’s decision to cut the official cash rate even lower to 1.50% definitely spurred the market on slightly, see … More Real Estate Market Commentary AUGUST 6TH
This could be an interesting week with a number of different figures being released that may impact the property market in a positive way. The Reserve banks meeting is tipped at a 64% likeliness of a rate cut to 1.50% but either way I don’t think an announcement to stay at 1.75% will be a … More Real Estate Market Commentary 20th JULY
Amid speculation that the RBA will drop the official cash rate again at the next meeting, buyers confidence levels are spiking slightly. However, this could also be the product of low stock levels and fear of constant rising prices also. Sydney, and most of the East coast of Australia was pummeled by strong winds and … More Real Estate Market Commentary
Almost a month into the new financial year and well into Winter and we are still looking at Auction Clearance Rates above 75%. While stock levels are reported to be a lower (than this time last year) there is an obvious trend that is continuing in buyer sentiment. A look at the ASX 30 day … More Real Estate Market Commentary 16TH JULY
It has been a good winter so far, with regards to the property market, we have certainly bucked the slow Winter trend – I think three years in a row now. Buyers have hung around and new buyers have joined the ranks, subsequently vendors have jumped onto the wagon and it looks like we may … More Real Estate Market Commentary 9th JULY
From first glance it would seem as though the market is still continuing to move forward at full steam. In fact, after much research, it would be the same assessment. Despite interruptions such as rain, winter, school holidays, long-weekends and the Federal Election (which could alter the market significantly) and the quiet changes to policy … More UPPER NORTH SHORE SNAPSHOT: FIRST 2 QUARTERS 2016
The cold is here, the School holidays are upon us, there were Millions of people pre-occupied with the Federal Election on Saturday and still, we had a 74% Auction Clearance Rate. There is not much else to update this week as we all wait with bated breath to see whether Certain changes come in depending … More Real Estate Market Commentary 2nd JULY
Thomas Merriman 