Craig

Smaller blocks, even two bedders, are maintaining pretty strong price points.

And this evolving market probably is unlike any previous property cycle in modern times.

It still has this yo-yo effect of surprising and surpassing and going against some of the predictions right across the landscape.

But as some people would say, that's property.

So let's welcome to The Breakfast Podcast this morning, Brezic Whitney's agent and principal, Shannon Whitney.

And good morning to you, Shannon.

Welcome to The Real Estate Podcast.

Good morning to you, Craig.

Thanks for having me.

You've been around long enough, I think, to have seen a few property cycles.

Is this one a little bit different to the others from your point of view?

Yeah, that's interesting about the speed because I want to come back to the point about the clearance rate being 52.1% versus some of the positives because it really has, doesn't it?

It's got this Jekyll and Hyde property market feel about it.

It does.

It also feels like we're at that tipping point, possibly because of the RBA rises, you only need one more global event of some kind and the dynamics change again.

And this is what is making this real estate cycle unique and possibly unlikely to repeat once we come out of this supply chain chaos, interest rate adjustments, the oil, and so the list goes on.

It's just a real weird moment in time for the real estate property sector.

I mean, you know, so many people have got so many varying degrees of commentary on what is happening.

And Shannon, tell us about a property that you sold, I think it was last weekend, which goes back to the point about Sydney prices holding their own.

It was a two-bedder corner terrace site.