It is an indubitable truth now that the Sydney property market has gone ‘off the boil’. While this is a hard admission for a Real Estate agent, it would be idiocy for a buyer to assume that this is the beginning of the end. In fact, Australian, and of course Sydney property on a 10 … More Softening market; who cares?
The nifty fifty mark seems to be the new ordinary in Auction Clearance Rates.
… More SYDNEY AUCTION RESULTS 28TH NOVEMBER + MARKET COMMENTARY
It’s a little like last year now; a bit of a yo-yo of results in the Auctions market. … More SYDNEY AUCTION RESULTS 21st NOVEMBER
I don’t think so. It has been over a week since the market confidence in a rate cut turned from above 10% to below 10%, sitting at 8% currently. This is an indicator of expectations as to whether the Reserve Bank of Australia will drop interest rates to 1.75%. Notably, this morning I was reading … More Interest rate cut?
Once again, the shining light from the latest results is the median sale price; $1,136,000. … More SYDNEY AUCTION RESULTS 14TH NOVEMBER + MARKET COMMENTARY
Market confidence in another rate cut is at a very low, currently tracking at 19% in favour of a rate cute. … More RBA commentary – Market confidence in another rate cut is very low, currently tracking at 19% in favour of a rate cut.
There is no way around it, the Auction Clearance Rate was abysmal on Saturday, but I am sure you have already heard about it, read about it and cried about it by now. The nightmare the media created has continued to sell ‘clicks’ and bring ears and eyes to news streams, and what a success … More SYDNEY AUCTION RESULTS 7TH NOVEMBER + MARKET COMMENTARY
If it is a good buy, it will be a good buy in a bad market or a good market. … More SYDNEY AUCTION RESULTS 31st OCTOBER + MARKET COMMENTARY
most criticism of the current market has been that the growth has halved, not the prices and with growth at double and triple the norm, halving is no issue. … More October market commentary
The number of buyers coming through open homes seems to be a bit ‘touch and go’ at the moment with most agents I am speaking to saying that it is completely unpredictable. Properties such as accessible (price wise) apartments and certain ‘renovators’ are not getting the interest one would expect where properties with a search … More SYDNEY AUCTION RESULTS 24TH OCTOBER
Thomas Merriman 