The post-election housing sentiment bounce: Pete Wargent

The post-election housing sentiment bounce: Pete Wargent
The post-election housing sentiment bounce: Pete Wargent

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. 
 
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger. 

Pete Wargent

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.

Tags: 
Housing Sentiment Election

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