Its all about a willing seller and a willing buyer

Is it really only a month ago that we were all sweating on news of the RBA decision on interest rates?

With rates on hold we’ll now have endless commentary about the impact on consumer spending and the property market.  Personally I’m starting to think the cycle of speculation and evaluation around the announcement is more detrimental than any actual move in the rate.

There is definitely confusion in the market and it comes on the back of what appears to be genuine confusion amongst commentators and economists. 

If the ‘experts’ can’t agree on the health and outlook for the economy it’s certainly difficult for the man on the street to make a confident decision about whether or not to buy or sell.

And that’s certainly what we’re finding with the people coming through our door.  Usually people come in knowing they want to buy or sell.  Over recent months most of our clients are coming in looking for answers because they can’t get a clear picture about what the market is going to do.   The recent US debt crisis added to the uncertainty.  The property consumer understands clearly that our property market is linked to international events eg the GFC. 

I have to admit I’m also fining it difficult to determine exactly where the market is heading.  I was braced for a tough July but our results were good.  We have had 4 Auctions in the last 10 days – 100% clearance rate. Its all about a willing seller and a willing buyer.  Deals are tought to do but they are being done.