The post-election housing sentiment bounce: Pete Wargent
Pete WargentDecember 17, 2020
EXPERT OBSERVER
There has been a turnaround in housing sentiment post-election.
Source: CoreLogic
There have been other factors, of course, including two rate cuts.
The second rate cut was only delivered six weeks or so ago, and there can be a long lag effect - the full impacts many not be felt for up to 18 months
In addition, there were very strong auction results reported for the inner suburbs of Sydney and Melbourne by agents and media alike this weekend, especially for properties located within 15 minutes commute of the Central Business District.
CoreLogic found that every single apartment in Sydney's city or inner south taken to auction this weekend sold under the hammer, which is remarkable.
For freestanding inner-suburban houses, it was a bit of a frenzy.
CoreLogic found that every single apartment in Sydney's city or inner south taken to auction this weekend sold under the hammer, which is remarkable.
For freestanding inner-suburban houses, it was a bit of a frenzy.
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.
Pete Wargent
Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.