In The Loop.

For any agents who read this missive you may agree with me that perhaps the most frustrating thing you can hear from an interested buyer is "we are interested but just keep us in the loop".

FYI the loop is a mysterious place where people do nothing until someone else does something and then everyone gets frustrated that something has actually happened.

In the current climate there are more fence-sitters than I have seen in a long time and to be fair I get it. The general sentiment out there at the moment is that the market could go either way. On one hand, interest rates have likely stabilised but on the other Australia is either in a recession or sailing very close to the rocks. To top it all off, conflict in the Middle East has erupted and the US election is getting even weirder.

In my opinion the most likely outcome is the market will stay like this for quite a while.

All of this uncertainty has meant that many would-be buyers are happy to give up their Saturdays looking at homes but are too afraid to commit. It's always seemed curious to me that buyers perform much better when they are faced with competition. So in other words people would rather buy in a hurry than when they have an open goal. Another thing we hear on a weekly basis is almost immediately after the ink dries on the contract the fence-sitters then say "oh we would have paid that".

With school holidays behind us and Christmas coming in hot, some great property has come on the market this week, so if you are looking to buy we are happy to keep you in the loop... ;)

Until next week,

David Murphy