Am I even a buyers agent?
This time last year I was questioning myself and my skills
Because I didn't buy a single property in a 3 month period (and this wasn't for a lack of trying)
I just was missing out on every single one.
One client missed out on 16 properties, another was 12, another 10 and another 5
The market was red hot;
- Record low listings, advertised properties were ~20% below the 5 year average for that time of year
- 3 interest rate cuts, cash rate went from 4.1% to 3.6%
- The pending 5% Home Deposit Guarantee announced April 2025
Sentiment was super strong - growth on investor lending outpaced growth of homebuyers for the first time since APRA began tracking in 2019
Prices were accelerating fast - Cotality recorded national value growth of 2.2% in Q3 2025 which was the strongest pace in 2 years
I felt so defeated and deflated. It was really depressing and also really embarrassing...
I wondered if I could even call myself a BA when I couldn't even secure a single property
Thankfully I broke the drought and reflecting back, comparing the market from then to now, it is night and day
3 consecutive rate rises - cash rate back to 4.1%
Massive policy changes around property investing - no NG for established properties and CGT reforms
Now auction clearance rates are the lowest since covid and total listings are relatively normal (~3% below the 5 year average)