Each year starts off with typically none (or very few) properties being auctioned. This is because most real estate agents like to run four-week auction marketing campaigns in the lead-up to the auction itself. However, by mid to late February, there will be a flurry of auctions as sellers and agents try to get off the […]
North Shore Agents ‘cautiously optimistic’
Saturday marked the opening of the spring property season – even though technically we are still a few days away from spring. With school holidays generally starting on the 24th of September, properties earmarked for Auction with a standard 4 week Auction marketing campaigns either launched this past weekend or will launch next Saturday. This past […]
The Block Unravelled
Over 3 million viewers tuned in on Sunday night to watch the finale of The Block 2011, a renovation show pitting four couples against one another. Prior to the finale, Josh and Jenna seemed to be the favourites to win with 37 Cameron Street. And when they got to choose to be first off the […]
Winter Property Update
The property market has weakened in 2011 with RP Data figures showing a quarterly decline of 2.2% nationally for the March quarter. For Sydney we registered a decline of 1.1%. More specifically, Sydney auction clearance rates have hovered around the 52-58% mark in the past few months. Selling & buying Properties are still selling. It […]
Market confidence is back
March 5 was a busy day for Auctions. My colleagues and I were at 9 Auctions on Saturday. 5 properties were sold under the hammer. 1 was sold immediately after Auction, and 3 were passed in. Now that autumn is officially here, it seems as though the market has finally woken up after a long […]
A tiered market
Auction results were still patchy in Sydney this past weekend. There are definitely buyers out there and many agents have been reporting good numbers at Opens. Clearance for last Saturday actually stood at 65% (well up from late-2010 and early-2011 numbers); but we are seeing most of the transactions in the lower price brackets (and […]
2011 off to a patchy start
Today is the first ‘full’ day of Auctions for 2011. There were of course Auctions in the past couple of weeks as well, however those properties would not have had the benefit of a full 4 weeks marketing campaign which is the norm. I was at 8 Auctions today across 5 suburbs in Sydney: 3 sold […]
Prime land always an attraction
A clue that a house is probably beyond salvage is when the online ad only has 1 picture of the front or the back of the property. Such was the case for 15 Woodside Avenue in Lindfield on Sydney’s Upper North Shore. This 2 bedroom full brick house on 887 m2 of land and only […]
Breathtaking views… at a breathtaking price!
On Saturday, a 1 bedroom / 1 bathroom unit with no parking was sold at McMahons Point for $715,000. The living area had spectacular views of the water and the bedroom also had views – of the Harbour Bridge. The complex of only 6 Units is on waterfront with ownership of a jetty as well. […]
Young home buyers out in force
As real estate agents, we are always asked how the property market is doing. Unfortunately, there is never one single answer that covers all of Sydney. The most accurate answer we can give is that “it depends”. The property market is travelling at a different pace across different suburbs and also across different price brackets. […]