13/08/2026
To say we're feeling the lack of confidence/holding pattern in the real estate industry right now is an understatement! Depending on your medium for information, the current status is as follows:
First Home Buyers (non-existent)... waiting for the property market crash!
Investors... waiting for... not sure, but i can only assume a reversal of the Budget disaster!
Upgraders happy to buy, but only IF i get $XYZ for my current property...
SMSF... what SMSF?!
Those who will never buy a home... bring it on they say! Only too happy to celebrate the misfortunes of those that work hard!
Labor Supporters (rusted on ones)... Howard said he would never introduce a GST... he did, but then took it to an Election & obtained a majority mandate (conveniently miss this bit)!
Liberal Supporters... boo! Anyone...?!
One Nation... apparently i'm being deported (to a place 10 mins from where i currently live)... please explain?!
Greens Supporters... don't know any!
Literally, the Industry is at a standstill! We're circa 50% down over June/July, with August tracking on the same path. There's others in the industry that are significantly more down than us. Real Estate contacts reporting next to zero activity. Land & Build Sale Pro's similar. Then there's Building & Pest Professionals & Conveyancers... none reporting good times!
Here's what's lost in all this though... as one Major (Bank) State Manager said to me... 'if my business is down 40% (which it is), then that's 40% of my workforce not required...' What then? The price of getting FHB's into homes (which we all know is NOT true), results in mass job losses... target achieved? There's not a facepalm big enough...