My Bui

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229 appearances 2 recordings 1 series first heard Jun 2026 last heard 7 Jul

My Bui’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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I think it's quite interesting because, you know, in Sydney and Melbourne, we tend to talk about auctions a lot.

Some other markets, even in Brisbane, it's not as common to see houses going on auction.

People actually do private treaties a little bit more compared to Sydney and Melbourne.

The reason people do auction is that, you know, it creates a sense of urgency when you have to bid.

And that's kind of why, you know, in a rising market, people try to put the property on auctions.

The reason why you see auction being passed in and not successful is because people don't have that sense of urgency when buying anymore.

When people see that, oh, prices are falling in Sydney and Melbourne, why should I negotiate, you know, right there and then?

Maybe I should just linger on a little bit more, see if there's anything else on the market.

Maybe I should just try to stick to my limited price rather than...

paying what the vendor wants.

So that is why auction clearance rate tends to be seen as an early indicator of slowing in housing market.

I would say it's kind of a spiral.

It feeds each other, basically.

I think that, you know, buyers are seeing auctions not being successful, being passed in.

You see the news being quite negative on the housing market that can actually feed investor and buyer sentiment as well.

When they see other people doing that, they will think, oh, maybe this is a buyer's market, not a seller's market anymore.

And hence, they are not willing to bid as much.

And that keeps fueling through the market.

And I like your sentence about how, you know, the economy is kind of like a vibe.

It is.

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