Craig

In Brisbane, expecting partly cloudy but dry conditions also with 21.

And in Perth, expect the wet stuff also.

Showers to increase in your high of 21 degrees.

Well, we know that in Victoria, it's not exactly a subtropical winter, but try telling that to a bunch of determined, hardy souls who camped out overnight in cold conditions to be at the front of the line as the latest stage in a housing estate went on sale.

Wow.

Wow.

It's not a bad luck, is it, being a real estate agent where they're camping out just waiting to buy product from you, Laurie?

Now, you did this analysis of almost three decades of Australia's combined capital house price cycles.

How challenging was that to put that together?

And your report throws up this question.

It's not timing the market that is important.

It is the time spent in the market that really counts.

And the last significant downturn was during 2017 to 2019 when the combined capital house price fell by 7.9% from price peak to the trough.

And it's always interesting for people to be aware and factor in that an upswing always trumps a downturn and the duration of an upswing tends to be longer than the subsequent downturn right?

And although interest rates are on the minds of everybody at the moment and critically important, they are not the only factor influencing housing prices.

Interest rates and inflation for these high net worth individuals, they are just simply not playing in the same sandbox as the rest of us.

So they don't really have these restrictions on their ability to buy the property, right?

And talking of exclusivity, I noticed that you've brought to market an award-winning property.

This looks like a bit of a stunner, a waterfront haven.

It's got the spot to park your boat right outside your window to admire.