Veronica Morgan

They missed out entirely.

because once a hammer has fallen, the property is sold.

And they were just trying to be too smart.

So people do all sorts of crazy things at auction, trying to beat the system.

It's The Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia.

Thank you so much.

It's great to be here.

This is the first time in my over 20 years property experience where pretty much every market across the country is booming.

And so it's hard to buy because there's the perception of not a lot of stock.

And even when there are listings coming on, they're getting snapped up so quickly that, as I said, it's the perception there's nothing to buy.

So when buyers look around, they see prices going up month on month.

And this is one of the rare times as well where a lot of the regional areas have been going up at a greater rate than even Sydney and Melbourne, which have traditionally been the powerhouse markets in Australia.

So when you've got all of that going on around you, it's really uncomfortable for buyers because they feel the pressure to make decisions quickly.

They obviously worry that they're not going to be able to afford to buy what they want.

they have this sort of sense that there must be this hidden market out there that they're not tapping into and they've got no idea it exists and how to get access to it.

So, you know, there's just a huge proportion of people that are out there wanting to upgrade in particular at the moment and they're looking around thinking, am I being locked out of this, you know?

And so there's a high degree of discomfort and that's not pleasant for anyone really.

Well, it's funny you say that.

I mean, one of my other hats, I wear a number of hats, right?

One of my other hats is actually the co-founder of Homebuyer Academy.