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As highly anticipated and reported in our last newsletter, the number of new listings over the last week have increased off the back of restrictions easing.

The last eight months has seen the property market jump in leaps and bounds and the industry has grappled with numerous, almost too many to count lockdowns with number 6.0 being the most hard felt amongst industry peers and buyers to date.

I think we can all agree that property prices Nationally have well surpassed expectations but let’s consider what prices may have looked like should COVID not had reared its ugly head.

The Melbourne real estate industry has become a well-oiled machine when it comes to ‘pivoting’ in a bid to cope with the multiple lockdowns imposed over the last 12 months and the latest lockdown 4.0 was no different.

Housing affordability, an ageless topic which has again has tongues wagging again amid increasing concerns particularly for first home buyers with the rapid increases in property values.

As we head into the winter months, a time when real estate traditionally sees less listings, fewer transactions and the cooling down of buyer activity

As we continue to see auction results peak and the level of devastated buyers increase from week to week, there is a feeling of defeat and we are frequently being asked “when will the madness stop?”.

Current sentimentAre we on the cusp of a boom? It is incredible how quickly sentiment changes. The questions being asked early last year during covid

To many people’s surprise, the Australian economy has shown itself to be extremely resilient. While some sectors of the economy continue to struggle, many others have boomed.