Angus Moore

Yeah, it's certainly been, as you say, a very busy start to winter.

Now, winter is typically a quieter period and we are seeing that volumes are down compared to earlier in the year.

But for a winter and for a June, you know, the start to winter, it's been a very busy month of new listings.

In fact, across the capital cities, it's the busiest start to winter since 2011.

So, you know, clearly a very busy month.

That's kind of been the theme this year.

We had a very busy first quarter as well across the capital cities, particularly in places like Sydney and to a very great extent, Melbourne.

And we're seeing some of that momentum carry through.

Some of these vendors that are coming to market now may have wanted to list earlier in the year, but didn't get their ducks in a row.

And so they're selling now.

But we may also be seeing some vendors come to market sooner than they might have otherwise, because they're looking at the threat of higher interest rates, the fact that prices might start falling by more and are trying to sell now.

Yes, it's certainly the question on everyone's mind at the moment.

And to a really big extent, what happens over the next 12 months is going to be dictated by how quickly the RBA moves.

So what we've seen thus far is, as you say, prices were down 0.25% nationally.

We saw price falls across most capital cities.

So Sydney and Melbourne were both down.

And notably, we saw prices in Brisbane down.

And that's the first month we've seen prices in Brisbane fall since the pandemic began.

Adelaide's the kind of outlier here.

Prices are continuing to grow there, which reflects the really strong demand we've seen for Adelaide over much of the pandemic.