The Waiting Game.

To avoid this missive becoming repetitive I will refrain from referencing Aesop's Fables but before I sign off on that I’d like to make a quick shout out to ‘The goose that laid the golden eggs’ (a good one for property sellers at the moment).

Where was I? Oh yes…that’s not yet clear and we are already well into a second paragraph.

Friends it feels to me that waiting is the new black. Many property owners currently thinking of selling are waiting to see what the market does and many so called ‘buyers’ are following suit. Apathy appears to be gaining momentum.

Another agent made the comment to me this morning that ‘it’s like 2018 all over again.’ It was a good observation. Remember back in 2017 when APRA cracked down on lending? The market locked up and froze, lots of buyers wanted to buy but then couldn’t get finance. Now they can get finance but they aren’t sure if now is the right time to buy…similar vibes…a lull if you will.

Ahhh 2018…those were the days…we were so young then. Summers meant actual sunshine and Corona was just an average beer that needed a wedge of lime to be drinkable.

When both sides of the table become this cautious the market tends to tighten up. Ironically this tightening means less quality stock available and over time this leads to a build up in demand.

I’m not calling a boom but I can share with you a noticeable trend that we are seeing. Buyer enquiry is increasing and the numbers of attendees at opens are also on the up. If this trend of less supply but increased enquiry continues does that mean we will see an overall improvement? I don’t know…time will tell.

We have some gorgeous homes launching this week for you, hope to see you on the circuit.