For the first time since November 2021 FOMO (fear of missing out) exceeds
FOOP (fear of over-paying), that is, more agents say buyers are worried about
missing out than say they are worried about making a purchase and then
watching prices fall away.
There has been a rise in requests
recently for property appraisals,
suggesting more stock coming forward
soon for buyers to peruse.
Attendance numbers at auctions and
open homes continue to rise.
First home buyers remain the key driving
force in the market while investors have
only a small market presence
Tony Alexander Real Estate Survey
