Archive for March, 2008

Auction Etiquette March 26, 2008 No Comments

On the evening of Thursday, 21st March (the start of the Easter long weekend) there were 2 properties I was interested in, going to auction in-rooms at Doltone House. I rang the agency concerned on Thursday to check that both were going ahead (which they were) and since they won’t tell you the order of [...]

Prices Up, Clearance Rates Down March 17, 2008 No Comments

While we have been discussing and obsessing over auction clearance rates, has anyone noticed that property prices are not falling, well at least in our area.
Sales like $1.8mil for a house with “water glimpses” at 54 Water Street, South Caringbah, $1.7mil for a 2 bed apartment at 4/1-3 Tullimbar Rd, Cronulla and $798,000 for 4 [...]

ENOUGH OF THE RATE RISES! March 13, 2008 No Comments

All the talk is about interest rates this week, from the Sunrise morning show to the shop owners in Cronulla, to the Australian Financial Review. Today, Kochie from the Sunrise morning show raced over to the Reserve bank during the show to hand in emails from struggling families who, like the rest of us, are [...]

Saturday 8th March Auction Results March 8, 2008 No Comments

Of today’s 8 auctions in the Cronulla area, three were sold prior with one exceptional result (54 Water Street by Sean Egan for $1.8 mil). Three were passed in, one was cancelled and 23 Smarts Crescent is still to be held. We will adjust these figures as more come to hand. Attendance at auctions and [...]

Autumn Chill to Auction Sales March 1, 2008 No Comments

The sun was shining but the 1st day of autumn certainly had a chilling affect to the auction results. Both mid week auctions passed in and Saturday 1st March saw only 1 property sold at auction, a 2 bedroom apartment in the Tradewinds, in South Cronulla which sold for $620,000. Luckily 3 properties sold prior [...]