Damien Cooley

If you look at any suburb and you type in to one of the portals, you type in how many properties come up in all price ranges in any given suburb.

And if you look, say, three months ago and you look now, there's more properties.

In most suburbs, if not all, there's more properties on the market in those suburbs now than there was.

That signifies change because the buyer pool, I don't believe, is getting stronger at the moment.

It's probably getting weaker.

This period pre-Easter is always a very busy period.

People go away on holidays.

They're enjoying their families.

I think it's a little bit unique this year also because we've come off the back of a big boom.

And I think also we've come out of a time that has never been seen before, lockdown periods and not being able to go away on holidays.

And I think that that has had a huge impact on the way people feel.

And the way people feel has an impact on whether they buy or sell real estate and what they're buying.

I think we also need to look at what buyer pools there are out there.

And what I mean by that is how are first home buyers going?

How are the downsizes going?

How are the upsizes going?

What are their buyer behaviors that we're seeing at auctions right now?

We're seeing more and more vendor bids, for example, being used to commence an auction.

Like in New South Wales, as an example, you are allowed to use the auctioneer that is, is allowed to use one bid on behalf of the vendor.

And traditionally, we would use that bid in a number of different ways.