Mandatory Disclosure on Auctions

With weekend auction results a lead indicator for market sentiment should disclosure of auction results be mandatory? Surely the monetisation of an accurate weekly report is on the agenda? Jonathan Chancellor has weighed in on the holes appearing in this past weeks Sydney and Melbourne results. More…

Ed: According to calculations, and assuming 100 ‘unreported’ auction results had been no-sales, Sydney’s actual clearance rate for this past weekend was around 44%…

 

Sydney Sunshine

The faint muffle of an engine kick-starting or brief splutter of a choked carburetter? Increasingly promising indicators this weekend with Sydney making a 56.6% auction clearance rate. As reported a Surry Hills warehouse proved a point of interest with a new record area price of $5.71million. More…

Ed: APM’s Dr Andrew Wilson sees signs of revival, cue Melbourne’s envy, or perhaps Brisbane’s desire for a ripple effect. Question: how long does the ripple take to effect Sydney’s neighbouring capital cities?

Pub history in The Rocks

John Singleton has made no attempt to hide his love of the pub in the last twelve months with a series of snap-ups. Wonder if the Fortune of War hotel in Sydney’s Rocks will be on his to-do list. More…

For those that can relate, this would be the last stop before Jackson’s on George and the long route to Central Station.

A line to be drawn on ‘Bank – Bashing’?

In what is fast escalating from national sport to religious pursuit, ‘bank-bashing’ on the topic of mortgage rates this week scales new heights (refer to Today Tonight on ANZ employee benefits – ed. we won’t link it because, well do we need to explain?). Anyhoo, Chris Vedelago from the Investor Centre offers some perspective and leaves us with a question, is the property industry rate-centric?