Award-winning auctioneer Haesley Cush of Ray White.
MUM always used to say that election day was the best day to be a real estate agent. Everyone from the community was out of their homes. It was great for the local retailers and open homes were always full of people (if you got your signs up early).
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Prime Minister Scott Morrison on the election campaign for the May 21 Federal Election.
Leader of the Opposition, Anthony Albanese. Picture: Bianca De Marchi
People have been asking me about the market’s response to the election being called. “Have I noticed a slow down?” In short, there hasn’t been any change to note. Clearance rates have remained high, open home attendees have been consistent in April compared to March, even Easter was busy!
An aerial view of Brisbane. Picture: Brendan Radke
Matt Lancashire, my business partner, and I were discussing how different the markets have been since the pandemic. School holidays in Brisbane used to be quiet because everyone fled for the coast. Now Brisbane is the destination for interstate and international travel during the holidays. Whether they be Queenslanders returning or holiday-makers on their way through to the beaches, buyers are booking appointments to see properties while they are in the Sunshine State.
We have all been expecting the election to be called and it was always likely going to be around May. From what I’ve seen all parties are so mashed with messages they seem more focused on winning and holding power than doing anything to risk it. This all translates to unlikely any change to interest rates pre-election, a government focused on protecting house prices, an increase in migration in Queensland this year and while there is a chance prices could surge again, worst case scenario is prices would firm, rather than downturn.
Haesley Cush is an award-winning auctioneer who has called more than 10,000 auctions. He co-owns Ray White New Farm, Spring Hill, Toowong, Clayfield, East Brisbane, Bulimba and Living Here Cush Partners.
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