Sunday 23 May 2021

Property market calming

Auctions calming

A far less frenzied climate now emerging in property as buyers face more choice.

This week's preliminary auction clearance rates via Domain (with the prior week's figures also revised):


Source: Domain

Little likelihood of regulatory intervention now (assuming it ever was likely).

A number of rental markets have become chronically tight, as demand has shifted to the suburbs. 

Investor credit has overall been much harder to come by over the last 4 or 5 years, so this was always on the cards. 

House building is picking up though, which will help.