Stu Benson

And at the moment, there's no doubt about it.

There is a lot of stock and a lot of choice.

And so, seeing these properties move before auction, I guess, puts the impetus back on the buyers that they're going to have to make sure that they are bidding at auction with what might be limited stock if half of the listings that are being presented to the market via auction are actually not making it to auction day.

It's quite interesting.

In a hot market, we...

tend to mention the FOMO word and there tends to be a fear of missing out on the property and bidding and maybe bidding above our limits.

It's almost a reverse engineering of that right now.

I think people are a little bit concerned that if they don't buy now, they won't be able to lock in that interest rate or if they don't buy now,

What happens if the result of the election and the packages and stimulus and things that are presented to the Australian consumer post-election spur a next wave of rush to property?

You never know you're at the bottom of the market until hindsight lets you look back and say, there it was.

So, I think there's a little bit of FOMO out there right now that

buyers might be missing what is their best chance to buy.

And so, I think with the combination of a change of government on the precipice potentially and the policies that might follow, I think buyers at the moment are thinking, well, goodness me, at least now we know what we're dealing with, what cash rate we might be able to get and what policies are in place.

Let's lock in.

So, it's an interesting time.

It's almost the opposite of FOMO, but it's having a similar effect.

They really are.

If I'm to segment the property types that I will auction on a typical week, and that could be anywhere from land sales to acreage to apartments, you know, to your mum and dad homes or the upgrading types, which is maybe the third or fourth foray into

of real estate, your fourth or fifth step up on the property ladder, that upper echelon is definitely the standout right now.

And again, talking to most auctioneer fraternity friends of mine, we're experiencing that across most of the metropolitan marketplaces, not just in Sydney, but around the country.