Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

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Saturday, 27 November 2021

Record auction volumes

Auctions surge

A record day of auction volumes, as sellers try to lock in a deal before the Christmas lull.

Sydney recorded solid results, while Melbourne continues to cool on very high volumes.


Source: Domain

Market dynamics have changed a bit - the buyers that miss out have become more confident of finding another option now. 

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Oil prices were down 13 per cent yesterday, while gas and diesel futures fell by more than 12 per cent, as markets feared government responses to a new virus variant. 


Travel ETFs also got walloped as governments moved to restrict travel from Africa, and markets fear a derailing of the global recovery. 

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Uploaded this week's podcast onto YouTube in case you want to catch it there instead: