Marketnews Archives

Price is not market – we use the term market price as a catch-all to give an adjective to price – but it’s about as meaningful as “wonderful price or low price or high price.”

Price is a number. Price is what you pay or what you get, and the number is almost always different from what you want, what you ask, what others think value is, what the agent quote started at.

In a transaction the only truth about price is the number paid – not the description attached.

Today we felt a market returning to a feeling of going forward.

Early days – Feb Pep? It was a nice feeling.

Bidders – aren’t we a fickle lot. Well, we are right now and hence our headline – non-stick.

You know, like an egg or for you vegans a piece of tofu that slides off your brand-new fry pan as soon as there’s a little tilt – trouble for sellers is many buyers are missing the toast and going straight to the floor if they don’t like the price.

One thing is for sure, the market is operating incredibly efficiently with a higher clearance rate and lower demand per auction. Well done agents – who are putting deals together under pressure.

What is Happening as we go into M4 – 2022 Final Market

There are many buyers and sellers in Melbourne, puzzled by the property game right now – and today’s results will not give any more comfort to them.

Its more than the Macro Market – Its also fundamentals

Market results were a lot better today than last week; with a clearance/agreement rate on price between buyers and sellers @ 76% on the 30 auctions we covered today.

I was really surprised at the Buzz today – with few exceptions, it was like a ghost town. This was so different to the last few weeks.