A Royal Bore.

When I asked my team today for newsletter inspo, they threw up suggestions (play on words intentional) like interest rates, the Kings coronation, the weather…gosh this Friday well is running dry.

As much as I sledge agents for making cringey announcements on LinkedIn about the RBA’s latest decision this week I’m jumping in….guys we know what the RBA decided…it’s not ‘breaking news.’

This time the RBA really had no choice.

I touched on this last week, when the board paused in April the real estate fraternity rang the bell and started beating the drum that we had hit the bottom and the market was back baby…and it was…if only for a moment.

We definitely saw a sugar hit after the announcement particularly from first home buyers. If the RBA paused again it’s probable that the market was going to take off…not ideal.

I’ll press pause here, someone just stopped me on the street and said he liked my newsletters apart from the fact they are a bit self serving…umm yep they are. That’s my point, if you are reading newspapers and buying real estate based on what they say you need a better financial advisor.
 
So what am I selling I hear you say? The truth (and the odd bad joke). You heard it here first people the property market is all over the place, some properties are selling and some are sticking, stock will continue to remain low until things calm down meaning A-grade properties will keep pulling red hot prices.

How long will it last?

The next big hump for the real estate tractor to roll over will be the Federal budget and I suspect that may be sobering (and boring).
 
It’s not easy writing exciting market commentary on a boring market, we do our best.

Until next week,

David