Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Sunday, 30 May 2021

Melbourne disruption

Auctions mixed

Melbournians had a scramble to get through this weekend's auctions, with all the inevitable interruptions from the city's fourth lockdown.

Half the city seems to have headed across the border to New South Wales or to holiday homes down the coast. 

There were only 4 Victorian cases of the virus yesterday, and 5 today, there is hope that the lockdown might end on day seven, though past experience suggests that may not yet play out. 

Sydney's auction market is holding up well, on strong volumes.


We've seen a bit of a switch in enquiries in Sydney towards the unit market, which is partly reflected in the above figures.

I recently discussed here some of the measures designed in part to support the inner-city apartment market introduced via the Federal Budget.