James O. · 7 Sep

Market pulse: what are you seeing at inspections and auctions?

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Earlier replies

Tom W. · 8 Sep
Geelong West open home had 25 groups through in 30 minutes. The quoted range felt 50k light to me.
Mei L. · 9 Sep
Same story in Brisbane's north. Anything under 900k with a yard gets crowded. Units are quieter.
Daniel K. · 9 Sep
Perth is still tight. Two homes I inspected went under offer before the first weekend was over.
Chloe R. · 10 Sep
Quieter in Newcastle than in autumn. Agents are calling back now, which tells you something.
James O. · 10 Sep
Interesting. In Adelaide's southern suburbs I'm still seeing multiple offers on anything renovated.
Priya S. · 10 Sep
Parramatta units: lots of stock and hardly any investors. A few owner occupiers picking off the good ones.
Ben C. · 11 Sep
Hobart feels flat. Days on market are long and vendors are starting to meet the market.
Olivia N. · 11 Sep
Ballarat auctions this weekend: one sold, two passed in. Bidding stopped at the bottom of the quote range.
Ahmed H. · 12 Sep
Western Sydney townhouses are moving, but buyers are pushing hard on building reports and strata minutes.
Jess T. · 12 Sep
Canberra is soft for units. Houses in established suburbs still draw a crowd on Saturday.
Marco D. · 13 Sep
Inner west Sydney: one terrace, 40 groups, sold well over reserve. Hard to read much into one sale though.
Hannah B. · 13 Sep
Great reports so far. If you can, add the suburb and the property type so others can compare like with like.
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Sarah M. · 13 Sep
Fair point. Preston again: two bedroom units sitting for six weeks, three bedroom houses gone in two.
Tom W. · 14 Sep
Torquay is the opposite of Geelong. Holiday homes listed in winter are still sitting there.
Mei L. · 14 Sep
Logan houses under 650k still draw 15 to 20 groups. Investors are back there.
Daniel K. · 15 Sep
Mandurah too. A lot of eastern states buyers bidding sight unseen through buyers' agents.
Chloe R. · 15 Sep
Lake Macquarie waterfront has cooled. Agents are inviting offers now rather than holding firm.
James O. · 16 Sep
Mount Barker in the Adelaide Hills: new estates competing with established homes, so prices are flat.
Priya S. · 16 Sep
Has anyone else noticed more vendors offering short settlements to get a deal done?
Ahmed H. · 17 Sep
Yes, saw 30 day settlements offered twice this month in Blacktown.
Jess T. · 17 Sep
And in Canberra a vendor offered to cover strata levies for six months on a unit. Incentives are creeping back.
Ben C. · 17 Sep
Launceston is busier than Hobart. Families moving for cheaper houses and the schools.
Olivia N. · 18 Sep
Bendigo had its first sunny Saturday in weeks and every open home was full. Weather still matters.
Marco D. · 18 Sep
Ha, true. Sydney auctions in the rain still had decent crowds though.
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Sarah M. · 19 Sep
Clearance rates around us are down on last month, but well above the low point a couple of years ago.
Tom W. · 19 Sep
Geelong update: the house I mentioned sold 30k over the top of the range. So the range was light after all.
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Mei L. · 20 Sep
Inner Brisbane units with good body corporate records are starting to attract investors again.
Daniel K. · 20 Sep
Perth rents are still rising at renewals, but the jumps are smaller than last year.
Chloe R. · 20 Sep
Maitland is a good example of supply catching up. Lots of new homes on the market for sale and for rent.
Hannah B. · 21 Sep
Halfway through the month. Thanks all, this thread is gold for anyone new to inspecting.
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James O. · 21 Sep
Glenelg apartments: plenty of interest from downsizers, not many investors at those prices.
Priya S. · 22 Sep
Had a building inspector flag a slab issue on a Ryde townhouse. Walked away. Worth every cent of the 600 dollar report.
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Ahmed H. · 22 Sep
Good call. Defects in townhouses are often common property issues too, so read the strata minutes.
Jess T. · 22 Sep
Belconnen: sold before auction for a number that surprised the agent. Buyers wanting certainty.
Ben C. · 23 Sep
Seeing more investors sell in Hobart. Two of the four listings in our street are tenanted.
Olivia N. · 23 Sep
Ballarat East: older weatherboards needing work are the ones getting crowds. Renovated ones sit longer.
Marco D. · 24 Sep
Same in Marrickville. Original condition homes bring the builders and renovators out.
Sarah M. · 24 Sep
The Reserve Bank's latest statement has a good chart pack if you want the bigger picture: rba.gov.au/publications/smp/
Statement on Monetary Policyrba.gov.au
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Tom W. · 25 Sep
Thanks Sarah, the household section was worth the read.
Mei L. · 25 Sep
Ipswich update: rents flattening a little, and vacancy creeping up from very low levels.
Daniel K. · 26 Sep
Rockingham had a unit sell in 9 days with no price on it. Agents are testing the market.
Chloe R. · 26 Sep
Price guides are getting more realistic in Newcastle. Fewer underquoting grumbles at the opens.
James O. · 26 Sep
Any Adelaide people seeing interstate investors drop off? Opens feel more local lately.
Priya S. · 27 Sep
Yes, the agent at an Elizabeth open said interstate enquiries have halved since autumn.
Ahmed H. · 27 Sep
Since the rate rise, two buyers I know have pulled out of auctions. Their brokers cut their borrowing capacity.
Jess T. · 28 Sep
Same here. One couple dropped their budget by about 60k after the reassessment.
Ben C. · 28 Sep
That's the real effect of a rate rise. Fewer bidders with less to spend, not empty rooms.
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Olivia N. · 29 Sep
A Bendigo agent told me investors ask about yields first now, not growth.
Marco D. · 29 Sep
Inner west results this weekend were mixed. Two strong results, three passed in.
Hannah B. · 30 Sep
A reminder to keep comments about agents and vendors respectful, and to leave out names and addresses.

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