While hot property markets are generally seen as a driver of listings, the reality is that there is a point that it can get too hot. Most buyers are subsequent sellers so when markets get too hot, there does tend to be a sense of nervousness amongst sellers that it is difficult to get back into the market.
The good news is that stock levels are up, and not just compared to last year but also compared to the previous year (pre-COVID). In fact, for listings, this is the strongest start to winter we have ever recorded.
While nationally this is the case, the gap between previous years varies across each state. Victoria, hit by rolling lockdowns, is only slightly above 2019 listings levels. This is likely to be the state that sees the biggest pick up in coming months.
Interest rate cuts now unlikely before second half 2026 as services inflation proves stubborn. Rents, utilities and insurance continue rising, limiting RBA easing despite broader economic slowdown and household spending weakness. Expectations of interest rate relief in 2026 are becoming less likely as inflation continues to show signs of persistence. … Read more
The 2019-2020 Black Summer bushfires impacted Mallacoota severely, but house prices recovered within years. Other disaster-affected communities haven’t bounced back the same way. The difference isn’t just about the disaster itself. Natural disasters can lead to very different property market outcomes. Some locations recover and go on to perform strongly, … Read more