The property market continues to navigate a series of disruptions. With school holidays wrapping up and ANZAC Day falling this Saturday, followed by the additional public holiday on Monday, we are in the midst of another broken week for the sector.
However, as the calendar clears, the focus is shifting to the next wave of influence: the Federal Budget on 12 May and a significant RBA rate call on 5 May. This "noise" is certainly keeping the attention of both buyers and sellers, but we are starting to observe a slight shift in sentiment. There is a growing sense of acceptance regarding global volatility and the current interest rate environment.
It isn’t a return to "business as usual" just yet, but in this climate, small wins make a significant impact. Here is the current download:
- Stock Levels: We expect listings to marginally improve over the next week as the holiday period ends.
- Auction Dynamics: Clearance rates remain subdued (currently tracking below 40% for Sydney), and buyer numbers at inspections are lighter than in previous months.
- Negotiation is Key: Commitment is currently wrapped in caution. Every sale we’ve achieved this week has required close attention and a deep exploration of all negotiating avenues. The "easy" sale is a thing of the past; the focus now is on persistent, strategic follow-up.
Our view remains firm: the window from May through to August represents the best opportunity for sellers in 2026. As supply begins to thin out toward winter, it will provide a key benefit for potential sellers against an otherwise uncertain economic backdrop.
We are here to help you navigate these headlines. If you want a direct assessment of where your property sits amidst the May budget and rate cycle, plus timing through this year, we’d welcome a conversation.
