What's it gonna be?

As the country endures yet another wave of COVID, the May Federal Election approaches (wild guess) and conflict in the Ukraine looms it’s hard to imagine anything could impact the property market this year…sarcasm intended.

The market now faces its biggest test since the GFC, a combination of domestic and international uncertainties mean many may now choose to ‘sit on their hands.’ Nooooo, for the record (and speaking on behalf of the industry), the practice of sitting on one’s hands is heavily frowned upon in real estate.

Ironically this expression originates from the theatre where people sat on their hands to keep them warm, one would only applaud if it was worth the effort. In a way that sentence sums up what I think the market will be like this year, if it’s good and it’s the right price those hands hands will go up.

With Australia Day now in our rear view mirror the 2022 market is open for business, the early signs are that stock is on the rise…the stage is set.

Historically the lower north shore market has moved up in incredible bursts (like last year) and then settles, the key take out for buyers is prices rarely fall…sellers just become more patient.

A very belated happy new year to you all, I guess it’s time to sit back and enjoy the show !

Until next week,

David Murphy