Open for inspections are back on, but sellers are still not confident in the market.
After a strong weekend of sales, and doing my normal round of Monday agent calls, its seems as though the recent news won't have much effect until next year.
We are sitting at around 40% of auctions being held compared to last year (including sold before) which shows stock levels are still very low.

What the agents are saying,
- Sellers are not confident in the market and would like to see some consistency before listing.
- If they do want to sell, its at an unrealistic number.
- They are waiting for this year to be over, as it's too much stress right now in the lead up to Christmas.
- Unrealistic expectations on sale prices in order to list.

What I saw this week,
- Everything I was looking at sold well above the asking price, bringing back the 5-10% above range estimation when assessing properties.
- Good properties are being sold in 4-5 days in pre-auction negotiations, so you need to be quick.
- Good properties are scarce around the South east and Bayside.

Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you [email protected] or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/