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
Once again, the Sydney market proves to have out-performed all the ‘professional’ speculation from multiple sources and absurd claims in the style of boom busting bubble pop. There was speculation that the start of the year would be a fizzer and that the bubble was growing too big, does that mean people either, don’t care … More Real Estate Market Commentary FEBRUARY 27
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 still too early in the year for anybody to be throwing out any solid evidence for the future of the property market in 2016. However, the signs of buyers, slow trickling of property ‘for sale’ entering marketplaces, and the positivity from agents’ discussion over the last fortnight would suggest strong signs. The issue … More Sydney property commentary Saturday 23rd January
Happy New Year Well, the new year is here, in terms of the calendar, not necessarily ‘the market’ however, I have been receiving strong enquiry from interested buyers and sellers already. While we all wait in anticipation of what the year may hold in terms of market conditions and house prices in 2016, media outlets … More New Year Market Commentary
At least we are seeing a sign of consistency, for the first time in this ‘boom market’; Auction Clearance Rates were steady at 58% at the weekend. We must take the good from what we have seen lately, which is; despite a drop of around 20-25% in Auction Clearance Rates we have seen continual growth … More SYDNEY AUCTION RESULTS 5TH DECEMBER + MARKET COMMENTARY
Thomas Merriman 