All the experts were wrong! Remember, at the beginning of Covid, we were meant to have a reduction of 30 to 40% on property prices. I wrote at the time that this was folly because the comments were based on no evidence. Even with the difficulties in obtaining finance, the prices are hot.
Most of the agents I have spoken to say that there is a new issue on the horizon, the lack of stock. That usually happens after a boom: we don’t have anything to sell.
This pause in the market won’t last for long. Spring is here, the start of the real estate season, and people will want to move when we are released.
Are you ready? Have you spoken to your contacts? If you haven’t, somebody will. As they say in AFL circles, the player who is up and about first hits the scoreboard. Time to get moving!