This week Pat & John take over the Mic and are Joined by Jason Swinton from Domain.com.au to discuss the shape of the Tassie Market in 2020 & what may be coming in 2021.

EPISODE TRANSCRIPT // Transcribed by https://otter.ai (Artifcial Intelligence Transcription) 

Patrick Berry  0:13  

Hi everyone, Patrick Berry for 4one4 Property Co; and welcome to The Property Pod. 

Today we are flying solo without Aaron Horne. That's why I'm here on the mics enjoying the show. But I do have my regular guest, John McGregor here. Welcome, mate.

John McGregor  0:24  

Man, I'm not gonna give up this corner. This is my seat. Even if I'm sick, so I think look, who knows how it's gonna happen. We've got this though.

Patrick Berry  0:33  

Yeah. I’m a biit nervous?! I'm over here on the actual controls, working all these little dials and knobs and I'm gonna be honest, I don't have any idea what I'm doing.

John McGregor  0:40  

But you look impressive 

Patrick Berry  0:42  

I've got lots of flashy lights and pretty colours here. 

So yeah, just put them on. Yeah, someone take a photo because I look like I know what I'm doing.

 And as Aaron always says, fake it till you make it!!!. Yeah, exactly. 

… and because obviously I'm not sure if you guys want to listen to John and i talk for half an hour- we've managed to get another guest on the show. 

John McGregor  1:00  

Yeah, so its Jason from domain, isn't it? 

He was on the second episode we did- and he was our very first guest on the pod.

Patrick Berry  1:23  

Yeah, so today we are looking at how the market has fared, from a search result perspective and inquiry perspective, things like that. 

So yeah, I think hopefully, it'll give us a bit of an insight as to what has happened in 2020, as far as the market goes here in Tasmania and our local area; and with COVID and everything around that. So I’m kind of interested to see where Hobart sits.

John McGregor  1:41  

And I see, one thing that's really interesting about statistics is we're experiencing on a daily basis. And it's not until you've got that retrospective information that you can take and say,

Look, this is or what has been happening. So I'm actually really interested to see if what our stories are backed up by the data as well.

Patrick Berry  1:58  

What are you saying you make up your stories, John? Haha 

...Well, I guess John, and I could talk all day, but we should probably go to an ad and get Jason and he's out there in reception waiting for us. So let's do this.

John McGregor  2:23  

Well, welcome back everybody. 

And I'm very excited to bring back our very first guest from episode number two,Mr. Jason Swindon from Domain.com.au. Welcome back.

Jason Swinton  2:43  

Thanks, John. 

Thanks, Pat. 

Thank you for having me. 

Patrick Berry  2:46  

Oh, well, thank you for coming back. 

Obviously, we didn't scare you too hard the first time around. 

Jason Swinton  2:50  

No, no,

John McGregor  2:52  

I think we're a little bit more in control. 

And our voices seem a little bit more settled then on episode number two. 

But I mean, the good thing is, I think this time around, it's for the same stories and objects, you can really feel a seal on what things were like now versus 12 months ago is with all the statistics that the main economists have put together. Is that right?

Jason Swinton  3:08  

Yeah, look, pretty much, John, we got a few bits of information here just to talk about what's been happening in our local market and versus our statewide market this time last year, and this time this year, obviously, it's been a pretty big year for all of us. 

Patrick Berry  3:24  

I'm interested to hear how that's affected the industry. Obviously, we've felt like it's been pretty busy. But it'll be interesting to see the numbers

John McGregor  3:28  

Yeah. And I think everyone's got their own stories, too.

 And I think now it'd be interesting. 

Well, again, our Look, there's not enough property for sale, there's a lot more buyers. 

Jason Swinton  3:41  

Yeah, look,it's an interesting one, because listings themselves are down...there's not as much stock around as what we saw this time last year. 

So it's creating a bit of a supply and demand issue in most areas of Tasmania.

You know, just for you guys here locally, out here in that glenorchy and the Local Glenorchy Area. The listings themselves are down roughly around 6%. 

So not a huge amount, but when you break that down from a Tasmania statewide point of view, we're down roughly about 20% overall. 

Patrick Berry  4:07  

Oh, wow, that's a lot of properties across the entire state. 

John McGregor 4:10

Yeah, yeah. So that's obviously a sign that people aren't quite ready move they're just playing this year a little bit safe.

Jason Swinton  4:17  

Its an interesting one which we've tracked right through that kind of covid period you know, and we go back to March, April ,May when things really hit us and you know that the tap was turned off for a better expression. 

Yeah, and then kind of post that things are just started to slowly come back and you know, we're back to a market which a lot of people would say is, you know, back to the pre COVID or even better again, mostly, so yeah, it's been it's been a long year but it's moving into some pretty good signs as we come into Christmas in the new year.

John McGregor  4:45  

Well, I guess then when stock actually down 20% that's not exactly good news and purchases because of obviously fad exceptionally hard to find properties that suit them at the moment and I guess maybe some vendors are still going well, you know, I need this buyer to sell but I can't buy to sell because there's Nothing to buy in order for me to sell, you know, this is this, what someone's trying to get my head around. specifically to be silly, but effectively, you know, some people though they might be waiting, you know, waiting for things to settle a bit more or, you know that little bit tentative about putting on the market because they're afraid because there's, they're not going to have something to buy. So you know, someone's got to go first.

Jason Swinton  5:21  

Yeah, look at that. And that's the hard decision, I guess. You know, we look at all the information, we have all those stats that are there in front of us, and everything's pointing to that it is a good time to sell. Yeah, you know, listings are down. But our inquiries quite strong still, although the inquiries probably slightly different in terms of where it's been coming from comparison to where we were last year. It's, it's definitely more of it there. So very positive.

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