April 7, 2025 • 16 mins
- Australia’s capital-city rental markets are showing clearer signs of cooling, but renters are still facing tough competition. Alice Stolz, National Property Editor at Domain reviews Domain’s latest Rent Report for the March 2025 quarter
- Maria Edwards, CEO at the Real Estate Institute of the ACT previews the 2025 Auctioneering Championships
- The Corelogic Hedonic Home Value Index was published this week. Sam McGregor, Principal, Windrose Property looks at this national report through a local lens
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Cameron Renee's real Estate show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northborne Village by JW.
Speaker 2 (00:09):
Land now selling Well Renee.
Speaker 3 (00:11):
We always mention of this when we go live to
where each Saturday mornings on Mix one O six point
three with our real estate show, and we thank people
for tuning in on Saturdays, but we also want to
say thank you to people who are tuning into the
podcast right now.
Speaker 2 (00:24):
Yes, thank you so much. We were super grateful. We
really appreciated it, and we covered a lot in the
show this week, didn't we can very much?
Speaker 4 (00:30):
A number style show this week, wasn't it?
Speaker 2 (00:32):
Yeah, we did. One of the things we looked at
was Domain's latest rent report now that looks at what's
happening rental wires right around the country with rental prices
for houses and units and so on, and we were
able to find out what's happening here in Canberra.
Speaker 3 (00:44):
And then how we compare to the other states and
the Interia as well.
Speaker 2 (00:47):
Yeah, so that is always interesting to know. And core
Logic's latest report. Sam McGregor from Winrow's Property always digs
down on the local figures.
Speaker 3 (00:55):
For that Rus as well, and look to look, Sam
joins us on the radio. But it's really the brains
behind the operation over early, Yeah, Rose, it's Lauren los Los.
Speaker 4 (01:04):
She puts the whole thing together us.
Speaker 5 (01:06):
Yeah, she does.
Speaker 2 (01:07):
She's such a good operator. So thank you Loz for
that as well.
Speaker 4 (01:11):
Good morning indeed.
Speaker 3 (01:12):
All right, now the Auctioneering Championships as well for twenty
and twenty five. This is all sort of overseen by
REACT and a number of real estate elders are in
and around the nation's capital and two different groups of people.
There's the novices, so the people who have only done
it once or never, so they come on and they
have to do a live auction in front of a
(01:34):
whole bunch of judges, ary, right, and then we have
the experts as well and so and there's a whole storyline.
Speaker 4 (01:39):
That goes through as well.
Speaker 2 (01:41):
Yeah.
Speaker 3 (01:41):
So these expert real estate agents in the audience, and
some are being difficult with their with their bids.
Speaker 4 (01:47):
And some aren't. It's really really cool the way they.
Speaker 2 (01:50):
Do it, just to go to put them in real
life situations and really put them under the pump. It's
really interesting actually.
Speaker 4 (01:55):
All right.
Speaker 3 (01:56):
So we spoke to Maria Edwards, who oversees react here
in the Nations Capital about the twenty twenty five Auctioneering Championships.
Speaker 4 (02:04):
Thank you again.
Speaker 3 (02:05):
We have all of that and lots more to come
in the podcast, All by mixinety six point three.
Speaker 2 (02:13):
Well, Main's latest rent report for the March twenty twenty
five quarter is out. Now these kind of look at
you know, what the rental situation is right across the country,
different states and territories, you know, rental prices for houses,
units and so on. So we want to find out
about that and what it means for Canberra, what it
shows for us here in Canberra. And Alice Stoles is
(02:34):
a national property editor at Domain. Joins us Now, Hi Alice, Hey,
Renee and Cam.
Speaker 6 (02:38):
Great to be with you.
Speaker 2 (02:39):
Yeah, thanks so much. Firstly, just quickly tell us about
this report and what it sets out to do.
Speaker 6 (02:45):
Well, basically, it gives us a little snapshot into what's
going on in the rental market. We know why looking
around town you can see often choose the people queuing up,
but really you need to come with the numbers to
understand what is actually happening at kind of grassroots level.
Speaker 4 (03:00):
Okay, and so we know it's a national report.
Speaker 3 (03:02):
But what do the Canberra numbers tell us when we
start to dig in a.
Speaker 6 (03:06):
Little, Well, guys, I'm afraid I'm that there are bad
news if you're a rentering Camera because we've seen house
and unit rents rise the second consecutive quarter. Now we
had seen as flow down in that market, which was
sort of encouraging you for those rents. But if you're
an investor, it probably a nice moment for you to
kind of hold your head high and feel quite good
about the investment that you made. Because unit rents in
(03:29):
particular are the ones we're seeing quite a bit of growth.
They've gone up one point eight percent in the last
quarter and they've now hit a record high in Camera
to five hundred and seventy five dollars a week. Now
if you've got your own a house though, that rent
has now hit a higher seven hundred dollars per week.
So what that's done is a really seeing that market
(03:49):
would cover from those declines that we saw take place
last year.
Speaker 3 (03:53):
Interesting with the units though, because there's such a flood
of units in the market at the moment and developed
more developments coming on as well.
Speaker 4 (04:01):
So when yeah, that's something to take away and.
Speaker 6 (04:05):
Look at no doubt it is interesting Camp and I
think really to me it speaks to the fact that
most people in Camber in particular are looking for a
house and that's why you're paying that premium for it.
But I think when that comes to property is all
about that idea of a compromise. So if location is
incredibly important to you, and I fully understand it to
many people, it is maybe the ways to make it
(04:25):
more affordable than is to look at an apartment or
you know, like a nice ground or floor unit or
something you are going to compromise on that shandaline dwelling,
but maybe get less maintenance and things like that. So
that can be the trayoff that can we work exploring,
particularly through in that very price sense their bracket.
Speaker 2 (04:41):
Yeah, and us here in Canberra, how do we compare
to the rest of the country.
Speaker 6 (04:45):
Well, look, we all know you guys are in the
best place on earth, but unfortunately coming up in that
current what people are paying basically how price wise, the
second most expensive market after Sydney is Camber. Now for
Sydney for a house, you're going to pay seven hundre
more than seventy five a week. As I said in Camera,
that's seven hundred dollars a week. But again units it's
cheaper in Camera than Sydney and Brisbane, same price as
(05:08):
Melbourne and more expensive than Adelaide. So there's a bit
of a trait of happening there around those prices. But
I think really it's testament to that strength of property
prices in Camera to think that it's not that much
less than what you have to pay in Sydney, Australia's
most expensive property market.
Speaker 3 (05:25):
The first thing that I thought to myself and I
saw the report through the week, is just how comprehensive
it is, Like, it's really comprehensive. So in Camera tell
us which is the most expensive suburb to rent in
and which is the cheapest.
Speaker 6 (05:39):
Yeah, so if you're after a house, you're going to
have a premium in red Hill, the medium rent there
is just eleven hundred dollars the almost double what we're
seeing in that medium Now when it comes to the
lowest bell common the house there is five hundred and
sixty a week, and then Charnhood it's five hundred and
seventy four five dollars a week. Rather, so you can
see there's such as in those prices, and I think
(06:01):
can what you're touching on there all that information available,
I guess. So I'm saying when you look at this
quite microscopically, it can point out sort of you know,
sort of beacons for people who are governed by location
or high There are options out there.
Speaker 2 (06:16):
Yeah, one hundred percent. All right, Alice, Well, lots to
cover there, but we've got you know, the main bits
from you, which is really interesting. Thank you so much
for sharing all of that with us this morning.
Speaker 6 (06:25):
Wonderful to speak with you guys.
Speaker 5 (06:26):
Thank you you too.
Speaker 2 (06:27):
That's Alis Stoll's a national property editor at Domain There
well Cam something we spoke about earlier in the year,
and gosh, time is flying by when you think about
it that way. The act Auctioneering Championships are just around
the corner, and if you haven't seen an auctioneer in
full flight, you really ort to do yourself a favor
and see it.
Speaker 4 (06:47):
There's so much to it.
Speaker 3 (06:48):
There's all the technical elements and of course the option,
the actual option is just the last bit of a
long line of processes and regulation and all the things
that you've got to do. And some people will say
it's very much about a selling process and other people
say it's a show.
Speaker 4 (07:04):
Yeah, it's a performance.
Speaker 2 (07:05):
Yeah, yeah, absolutely that it is. That's so right. And
Marie Edwards is CEO the Real Estate Institute of the Act.
She can tell us more about the championships that are
coming up on Thursday. I believe Maria.
Speaker 5 (07:16):
Good morning, good morning in a and camp.
Speaker 2 (07:18):
Now can we just touch I know we spoke to
you about this recently, but can we just retouch on
what the Auctioneering Championships are.
Speaker 1 (07:26):
Yeah.
Speaker 5 (07:26):
So it's an opportunity for auctioners in Cambra to compete
against each other in a simulated auction situation. We have
some very challenging bidders thrown in there with a script
set to challenge their abilities to add up numbers, to
handle questions and engage the crowd.
Speaker 3 (07:40):
Yeah, and so, and there's also some little trip wise
in there just for fun as.
Speaker 6 (07:44):
Well, isn't there for always always?
Speaker 5 (07:45):
We can't make it too easy for it.
Speaker 4 (07:47):
And so what are some of the things that the
judges will be looking for.
Speaker 5 (07:51):
Yeah, it's actually around about thirty criteria that they get
marked on.
Speaker 2 (07:53):
Wow.
Speaker 5 (07:54):
Yeah, so it's quite serious. But I guess the main
things are accuracy with their numbers, and their legislation in
how they deliver the call, the personality, how cool they
remain under pressure. There's all sorts of things that you
know would affect the calls in a real life situation
as well.
Speaker 7 (08:08):
Yeah.
Speaker 2 (08:09):
Yeah, for sure in case a big you know, plane
flies over or truck or bir whatever. Yeah, all the
noises and things where I would fall down is the maths,
like on the spot having to do all those calculations,
I'd be eliminated.
Speaker 5 (08:21):
Automatical, Yeah, far and away the biggest fear of all
of them.
Speaker 3 (08:25):
Yeah, but there are there's little learning techniques that you
can use, isn't there. Like you speak to some of
the agents and when they're starting out, they say they
take a deck of cards and they take out the
picture cards and then they roll through the numbers and
add them up as they go. So there's all okay,
cool things that you can apply.
Speaker 5 (08:41):
I'm sure there were types of counter cheap in their
sleep before.
Speaker 2 (08:44):
No doubt. Oh my goodness, that's hilarious. Now what does
the day look like for the competing auctioneers? What do
they have to do?
Speaker 5 (08:52):
Well, there's two sections. There's another section in the morning
and there's a senior section in the afternoon. They all
get locked up. The novices get locked up together for
how or so before the competition, so they have no technology,
which is a bit of a challenge to some of them.
They get to practice their speech at spiels and then
they come at one by one to basically have the
same call. We've got the same bidders in the audience.
They just have to handle the situation. Same for the
(09:15):
sceeniors in the afternoon. At the end of the day
we announce the two top competitors in each section who
then go on to represent the act in May at
the Nationals.
Speaker 2 (09:23):
And so are they all given the same sort of
pretend real life scenario to work with.
Speaker 1 (09:30):
Yeah?
Speaker 5 (09:30):
Absolutely, And the I mean the bidder is in the
audience are the same people each time. They're the ones
probably have the toughest job of the day going through
the sequence you know how many times we need to
and keeping it really accurate, so that they've got exactly
the same same yes bill to go through each time.
Speaker 3 (09:44):
Okay, so you mentioned the novices right there. How are
they handling the build up to it?
Speaker 5 (09:49):
Actually this is surprisingly well. I think it's a senior
that are more nervous. Absolutely, we really try to impress
on them that, you know, every one in the rooms
there is for them. They want them to succeed. So
it's not a case that's sort of tearing them down
or trying to humble them. I'm trying to reward the
fact that they put their hand up in the first
place and said, look, I'm going to give this a go.
Speaker 3 (10:10):
And then at the end of the day, it's vendors
and people who are being part of the bidding process
out in the real world, they're the winners.
Speaker 4 (10:17):
Aren't they.
Speaker 5 (10:18):
Oh one hundred percent. I think you know anything that
is this is part of professional development for anybody in
that industry and you know who else?
Speaker 6 (10:25):
Who else is it harder to go up against accept
your peers.
Speaker 5 (10:27):
So if you can conquer that one, I think you
can conquer the general public as well.
Speaker 2 (10:31):
Yeah for sure. All right, Marie, Well, we'll look forward
to hearing from you how it all goes on Thursday,
who the winners are, and how it all rolls out.
But yeah, thank you so much for sharing that with
us this morning, and all the best to those who
are competing. Thanks so much, Thank you, Marie. Edwards, CEO
the Real Estate Institute of the Act. Well cam The
next core Logic report has come out, and each time
(10:51):
it does we love to get a bit of a
look at what it means for Canberra and some of
the Canberra figures. We were chatting about this before and
there's a couple of really interesting bits in here, and
Sam McGregor, who's the principal at Windrows Property, runs through
this with us. Good morning, Sam, good morning.
Speaker 7 (11:07):
How are we both today?
Speaker 2 (11:08):
Yes, we're good.
Speaker 3 (11:08):
Thank you.
Speaker 2 (11:09):
Can you give us an overview of the Camera market
what it shows for us in this report?
Speaker 7 (11:15):
Yep, absolutely can so well thanks for having me on today.
Really interesting set of data coming out of core Logic
last month. For the first time in a little while,
we've seen a bit of an uptick in Camera house prices.
So the average growth across Canberra in March was zero
point two percent, which is not hugely significant, but at
(11:35):
the same time it is interesting to see that uptick.
It's also really interesting and important to see the growth
in the Sydney and Melbourne markets because look, it's probably
an indicator that those markets have been very flat for
a little while and we've seen a little bit of
growth there, a little bit of pick up there, and
Cambridge usually three to six months behind. So the numbers
(11:57):
are sort of saying that the Camera market's really strong the.
Speaker 3 (12:00):
Moment, okay, And so that's with houses, but it's a
little bit different with units, isn't it, Because when we
put Februy up against March, we see zero growth in
unit values.
Speaker 7 (12:11):
Yeah, Cam' that's a great one to have picked. It's
interesting because last week last month when we spoke, I
think you might remember a flag that there was a
zero point nine percent growth in unit prices for the
month in Camera and this month we've seen the opposite.
All of that growth is coming entirely from established residential dwellings, like,
(12:32):
not from units from houses, and so that's really interesting
because you know, traditionally, if money's flowing into the unit market,
it's going to take a little while to then flow
on into the the established dwellings residential stuff. But in
this case it really does look like probably the crystal
ball last month I would have said to you, well,
if there's money come into the unit market, it's only
(12:54):
a matter of time until it's coming into established dwellings
on the grounds and it's already happening, so it's actually
really interesting to see.
Speaker 2 (13:01):
Yeah, and what was the main bit in the report
that surprised you the most?
Speaker 7 (13:05):
Would you say, well, I think it actually was exactly
that RNEO.
Speaker 6 (13:10):
It's interesting to.
Speaker 7 (13:11):
Me that houses saw an uptick relatively quickly, and you know,
zero point three percent is not hugely significant, but at
the same time, seeing that we're still about thirty percent
up on the five year growth in the Camera region.
So the housing market's been strong for a long time.
And to see that there's still money and confidence just
coming into the market, it doesn't surprise me, but it's happy.
(13:35):
It's happy to see the numbers, say that, and when
it's sort of put in front of you black and
white like that, you know it's real.
Speaker 6 (13:41):
Yeah.
Speaker 2 (13:42):
And have we seen since that sort of slight interest
rate cut that we did have, have we seen sort
of more buyers pop up here and there?
Speaker 7 (13:50):
Yeah, Look, we absolutely have. It really started at the
end of last year when the sentiment generally firmed up,
Whereas you know, it was pretty agreed that if it
wasn't going to the end of the last year, it
had been the start of this year that we've seen
interest rate cut, so low of buyers came into the market.
It happened, and obviously, so when I say it happened,
I mean interest rate cut happened earlier this year, and
(14:10):
now there is a lot more bio confidence around. The
interesting thing there is that people are sort of thinking, Okay,
what's next and where we see more cuts or more importantly,
actually when will we see more cuts? And that's bringing
even more buyers in. So it's like the buyers are
just a little bit ahead of the interest rate movement.
Speaker 4 (14:27):
Okay.
Speaker 3 (14:27):
And so Renee was sort of talking before we brought
you to Ara about so the idea of what the
US is doing and how that plays out with interest
rates as well.
Speaker 2 (14:36):
Yeah, Sam, we had a story in the newsroom through
the week from A and Z and the big four
banks saying that with what's happening in the US with
the tariffs and everything, that they think the next interest
rate cut will now happen earlier than predicted. Have you
heard anything along those.
Speaker 7 (14:53):
Lines, Yeah, and I definitely have. That's really interesting that
you bring that up, because I think the general I'm
speaking with a lot of people and nobody can really
put their finger on it. I think there's a lot
of confusion about what it means. But really I think
personally I believe that what you're hearing from the angel
is exactly right. We'll see probably two or three interest
(15:14):
rate cuts in total this year, and they might come
a little forward than we expected, just to give the
economy a little bit of a boost, because if we're
seeing a bit of a lag in growth or exports,
whatever it's going to be, then there is going to
have to be something that happen, something that changes to
make that happen. So kind of exciting for the housing market.
It will be interesting to see how it all plays out.
(15:35):
They do a lectra and tariffs, all the things that
are happening, it's going to be an interesting one.
Speaker 2 (15:40):
Yeah, for sure. There's lots of things going on up
in the air at the moment, isn't there. Sam, Well,
thank you so much for your time. As always, that's
a right right, great to speak to you.
Speaker 7 (15:47):
But have a great Saturday you too.
Speaker 2 (15:49):
Catchu later. Sam McGregor, principal at Windrows Properties.
Speaker 3 (15:53):
Well, those are the interviews we most enjoyed in last
week's mixed one to six point three real estate show.
If you love hearing about lakes trends, or you're just up.
Speaker 4 (16:01):
For a sticky beak.
Speaker 3 (16:02):
Be sure to drop by for a listen This Saturday
between nine
Speaker 1 (16:06):
And ten Cam and Rene's Real Estate Show on Mix
one O six point three
Cameron Renee's real Estate show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northborne Village by JW.
Speaker 2 (00:09):
Land now selling Well Renee.
Speaker 3 (00:11):
We always mention of this when we go live to
where each Saturday mornings on Mix one O six point
three with our real estate show, and we thank people
for tuning in on Saturdays, but we also want to
say thank you to people who are tuning into the
podcast right now.
Speaker 2 (00:24):
Yes, thank you so much. We were super grateful. We
really appreciated it, and we covered a lot in the
show this week, didn't we can very much?
Speaker 4 (00:30):
A number style show this week, wasn't it?
Speaker 2 (00:32):
Yeah, we did. One of the things we looked at
was Domain's latest rent report now that looks at what's
happening rental wires right around the country with rental prices
for houses and units and so on, and we were
able to find out what's happening here in Canberra.
Speaker 3 (00:44):
And then how we compare to the other states and
the Interia as well.
Speaker 2 (00:47):
Yeah, so that is always interesting to know. And core
Logic's latest report. Sam McGregor from Winrow's Property always digs
down on the local figures.
Speaker 3 (00:55):
For that Rus as well, and look to look, Sam
joins us on the radio. But it's really the brains
behind the operation over early, Yeah, Rose, it's Lauren los Los.
Speaker 4 (01:04):
She puts the whole thing together us.
Speaker 5 (01:06):
Yeah, she does.
Speaker 2 (01:07):
She's such a good operator. So thank you Loz for
that as well.
Speaker 4 (01:11):
Good morning indeed.
Speaker 3 (01:12):
All right, now the Auctioneering Championships as well for twenty
and twenty five. This is all sort of overseen by
REACT and a number of real estate elders are in
and around the nation's capital and two different groups of people.
There's the novices, so the people who have only done
it once or never, so they come on and they
have to do a live auction in front of a
(01:34):
whole bunch of judges, ary, right, and then we have
the experts as well and so and there's a whole storyline.
Speaker 4 (01:39):
That goes through as well.
Speaker 2 (01:41):
Yeah.
Speaker 3 (01:41):
So these expert real estate agents in the audience, and
some are being difficult with their with their bids.
Speaker 4 (01:47):
And some aren't. It's really really cool the way they.
Speaker 2 (01:50):
Do it, just to go to put them in real
life situations and really put them under the pump. It's
really interesting actually.
Speaker 4 (01:55):
All right.
Speaker 3 (01:56):
So we spoke to Maria Edwards, who oversees react here
in the Nations Capital about the twenty twenty five Auctioneering Championships.
Speaker 4 (02:04):
Thank you again.
Speaker 3 (02:05):
We have all of that and lots more to come
in the podcast, All by mixinety six point three.
Speaker 2 (02:13):
Well, Main's latest rent report for the March twenty twenty
five quarter is out. Now these kind of look at
you know, what the rental situation is right across the country,
different states and territories, you know, rental prices for houses,
units and so on. So we want to find out
about that and what it means for Canberra, what it
shows for us here in Canberra. And Alice Stoles is
(02:34):
a national property editor at Domain. Joins us Now, Hi Alice, Hey,
Renee and Cam.
Speaker 6 (02:38):
Great to be with you.
Speaker 2 (02:39):
Yeah, thanks so much. Firstly, just quickly tell us about
this report and what it sets out to do.
Speaker 6 (02:45):
Well, basically, it gives us a little snapshot into what's
going on in the rental market. We know why looking
around town you can see often choose the people queuing up,
but really you need to come with the numbers to
understand what is actually happening at kind of grassroots level.
Speaker 4 (03:00):
Okay, and so we know it's a national report.
Speaker 3 (03:02):
But what do the Canberra numbers tell us when we
start to dig in a.
Speaker 6 (03:06):
Little, Well, guys, I'm afraid I'm that there are bad
news if you're a rentering Camera because we've seen house
and unit rents rise the second consecutive quarter. Now we
had seen as flow down in that market, which was
sort of encouraging you for those rents. But if you're
an investor, it probably a nice moment for you to
kind of hold your head high and feel quite good
about the investment that you made. Because unit rents in
(03:29):
particular are the ones we're seeing quite a bit of growth.
They've gone up one point eight percent in the last
quarter and they've now hit a record high in Camera
to five hundred and seventy five dollars a week. Now
if you've got your own a house though, that rent
has now hit a higher seven hundred dollars per week.
So what that's done is a really seeing that market
(03:49):
would cover from those declines that we saw take place
last year.
Speaker 3 (03:53):
Interesting with the units though, because there's such a flood
of units in the market at the moment and developed
more developments coming on as well.
Speaker 4 (04:01):
So when yeah, that's something to take away and.
Speaker 6 (04:05):
Look at no doubt it is interesting Camp and I
think really to me it speaks to the fact that
most people in Camber in particular are looking for a
house and that's why you're paying that premium for it.
But I think when that comes to property is all
about that idea of a compromise. So if location is
incredibly important to you, and I fully understand it to
many people, it is maybe the ways to make it
(04:25):
more affordable than is to look at an apartment or
you know, like a nice ground or floor unit or
something you are going to compromise on that shandaline dwelling,
but maybe get less maintenance and things like that. So
that can be the trayoff that can we work exploring,
particularly through in that very price sense their bracket.
Speaker 2 (04:41):
Yeah, and us here in Canberra, how do we compare
to the rest of the country.
Speaker 6 (04:45):
Well, look, we all know you guys are in the
best place on earth, but unfortunately coming up in that
current what people are paying basically how price wise, the
second most expensive market after Sydney is Camber. Now for
Sydney for a house, you're going to pay seven hundre
more than seventy five a week. As I said in Camera,
that's seven hundred dollars a week. But again units it's
cheaper in Camera than Sydney and Brisbane, same price as
(05:08):
Melbourne and more expensive than Adelaide. So there's a bit
of a trait of happening there around those prices. But
I think really it's testament to that strength of property
prices in Camera to think that it's not that much
less than what you have to pay in Sydney, Australia's
most expensive property market.
Speaker 3 (05:25):
The first thing that I thought to myself and I
saw the report through the week, is just how comprehensive
it is, Like, it's really comprehensive. So in Camera tell
us which is the most expensive suburb to rent in
and which is the cheapest.
Speaker 6 (05:39):
Yeah, so if you're after a house, you're going to
have a premium in red Hill, the medium rent there
is just eleven hundred dollars the almost double what we're
seeing in that medium Now when it comes to the
lowest bell common the house there is five hundred and
sixty a week, and then Charnhood it's five hundred and
seventy four five dollars a week. Rather, so you can
see there's such as in those prices, and I think
(06:01):
can what you're touching on there all that information available,
I guess. So I'm saying when you look at this
quite microscopically, it can point out sort of you know,
sort of beacons for people who are governed by location
or high There are options out there.
Speaker 2 (06:16):
Yeah, one hundred percent. All right, Alice, Well, lots to
cover there, but we've got you know, the main bits
from you, which is really interesting. Thank you so much
for sharing all of that with us this morning.
Speaker 6 (06:25):
Wonderful to speak with you guys.
Speaker 5 (06:26):
Thank you you too.
Speaker 2 (06:27):
That's Alis Stoll's a national property editor at Domain There
well Cam something we spoke about earlier in the year,
and gosh, time is flying by when you think about
it that way. The act Auctioneering Championships are just around
the corner, and if you haven't seen an auctioneer in
full flight, you really ort to do yourself a favor
and see it.
Speaker 4 (06:47):
There's so much to it.
Speaker 3 (06:48):
There's all the technical elements and of course the option,
the actual option is just the last bit of a
long line of processes and regulation and all the things
that you've got to do. And some people will say
it's very much about a selling process and other people
say it's a show.
Speaker 4 (07:04):
Yeah, it's a performance.
Speaker 2 (07:05):
Yeah, yeah, absolutely that it is. That's so right. And
Marie Edwards is CEO the Real Estate Institute of the Act.
She can tell us more about the championships that are
coming up on Thursday. I believe Maria.
Speaker 5 (07:16):
Good morning, good morning in a and camp.
Speaker 2 (07:18):
Now can we just touch I know we spoke to
you about this recently, but can we just retouch on
what the Auctioneering Championships are.
Speaker 1 (07:26):
Yeah.
Speaker 5 (07:26):
So it's an opportunity for auctioners in Cambra to compete
against each other in a simulated auction situation. We have
some very challenging bidders thrown in there with a script
set to challenge their abilities to add up numbers, to
handle questions and engage the crowd.
Speaker 3 (07:40):
Yeah, and so, and there's also some little trip wise
in there just for fun as.
Speaker 6 (07:44):
Well, isn't there for always always?
Speaker 5 (07:45):
We can't make it too easy for it.
Speaker 4 (07:47):
And so what are some of the things that the
judges will be looking for.
Speaker 5 (07:51):
Yeah, it's actually around about thirty criteria that they get
marked on.
Speaker 2 (07:53):
Wow.
Speaker 5 (07:54):
Yeah, so it's quite serious. But I guess the main
things are accuracy with their numbers, and their legislation in
how they deliver the call, the personality, how cool they
remain under pressure. There's all sorts of things that you
know would affect the calls in a real life situation
as well.
Speaker 7 (08:08):
Yeah.
Speaker 2 (08:09):
Yeah, for sure in case a big you know, plane
flies over or truck or bir whatever. Yeah, all the
noises and things where I would fall down is the maths,
like on the spot having to do all those calculations,
I'd be eliminated.
Speaker 5 (08:21):
Automatical, Yeah, far and away the biggest fear of all
of them.
Speaker 3 (08:25):
Yeah, but there are there's little learning techniques that you
can use, isn't there. Like you speak to some of
the agents and when they're starting out, they say they
take a deck of cards and they take out the
picture cards and then they roll through the numbers and
add them up as they go. So there's all okay,
cool things that you can apply.
Speaker 5 (08:41):
I'm sure there were types of counter cheap in their
sleep before.
Speaker 2 (08:44):
No doubt. Oh my goodness, that's hilarious. Now what does
the day look like for the competing auctioneers? What do
they have to do?
Speaker 5 (08:52):
Well, there's two sections. There's another section in the morning
and there's a senior section in the afternoon. They all
get locked up. The novices get locked up together for
how or so before the competition, so they have no technology,
which is a bit of a challenge to some of them.
They get to practice their speech at spiels and then
they come at one by one to basically have the
same call. We've got the same bidders in the audience.
They just have to handle the situation. Same for the
(09:15):
sceeniors in the afternoon. At the end of the day
we announce the two top competitors in each section who
then go on to represent the act in May at
the Nationals.
Speaker 2 (09:23):
And so are they all given the same sort of
pretend real life scenario to work with.
Speaker 1 (09:30):
Yeah?
Speaker 5 (09:30):
Absolutely, And the I mean the bidder is in the
audience are the same people each time. They're the ones
probably have the toughest job of the day going through
the sequence you know how many times we need to
and keeping it really accurate, so that they've got exactly
the same same yes bill to go through each time.
Speaker 3 (09:44):
Okay, so you mentioned the novices right there. How are
they handling the build up to it?
Speaker 5 (09:49):
Actually this is surprisingly well. I think it's a senior
that are more nervous. Absolutely, we really try to impress
on them that, you know, every one in the rooms
there is for them. They want them to succeed. So
it's not a case that's sort of tearing them down
or trying to humble them. I'm trying to reward the
fact that they put their hand up in the first
place and said, look, I'm going to give this a go.
Speaker 3 (10:10):
And then at the end of the day, it's vendors
and people who are being part of the bidding process
out in the real world, they're the winners.
Speaker 4 (10:17):
Aren't they.
Speaker 5 (10:18):
Oh one hundred percent. I think you know anything that
is this is part of professional development for anybody in
that industry and you know who else?
Speaker 6 (10:25):
Who else is it harder to go up against accept
your peers.
Speaker 5 (10:27):
So if you can conquer that one, I think you
can conquer the general public as well.
Speaker 2 (10:31):
Yeah for sure. All right, Marie, Well, we'll look forward
to hearing from you how it all goes on Thursday,
who the winners are, and how it all rolls out.
But yeah, thank you so much for sharing that with
us this morning, and all the best to those who
are competing. Thanks so much, Thank you, Marie. Edwards, CEO
the Real Estate Institute of the Act. Well cam The
next core Logic report has come out, and each time
(10:51):
it does we love to get a bit of a
look at what it means for Canberra and some of
the Canberra figures. We were chatting about this before and
there's a couple of really interesting bits in here, and
Sam McGregor, who's the principal at Windrows Property, runs through
this with us. Good morning, Sam, good morning.
Speaker 7 (11:07):
How are we both today?
Speaker 2 (11:08):
Yes, we're good.
Speaker 3 (11:08):
Thank you.
Speaker 2 (11:09):
Can you give us an overview of the Camera market
what it shows for us in this report?
Speaker 7 (11:15):
Yep, absolutely can so well thanks for having me on today.
Really interesting set of data coming out of core Logic
last month. For the first time in a little while,
we've seen a bit of an uptick in Camera house prices.
So the average growth across Canberra in March was zero
point two percent, which is not hugely significant, but at
(11:35):
the same time it is interesting to see that uptick.
It's also really interesting and important to see the growth
in the Sydney and Melbourne markets because look, it's probably
an indicator that those markets have been very flat for
a little while and we've seen a little bit of
growth there, a little bit of pick up there, and
Cambridge usually three to six months behind. So the numbers
(11:57):
are sort of saying that the Camera market's really strong the.
Speaker 3 (12:00):
Moment, okay, And so that's with houses, but it's a
little bit different with units, isn't it, Because when we
put Februy up against March, we see zero growth in
unit values.
Speaker 7 (12:11):
Yeah, Cam' that's a great one to have picked. It's
interesting because last week last month when we spoke, I
think you might remember a flag that there was a
zero point nine percent growth in unit prices for the
month in Camera and this month we've seen the opposite.
All of that growth is coming entirely from established residential dwellings, like,
(12:32):
not from units from houses, and so that's really interesting
because you know, traditionally, if money's flowing into the unit market,
it's going to take a little while to then flow
on into the the established dwellings residential stuff. But in
this case it really does look like probably the crystal
ball last month I would have said to you, well,
if there's money come into the unit market, it's only
(12:54):
a matter of time until it's coming into established dwellings
on the grounds and it's already happening, so it's actually
really interesting to see.
Speaker 2 (13:01):
Yeah, and what was the main bit in the report
that surprised you the most?
Speaker 7 (13:05):
Would you say, well, I think it actually was exactly
that RNEO.
Speaker 6 (13:10):
It's interesting to.
Speaker 7 (13:11):
Me that houses saw an uptick relatively quickly, and you know,
zero point three percent is not hugely significant, but at
the same time, seeing that we're still about thirty percent
up on the five year growth in the Camera region.
So the housing market's been strong for a long time.
And to see that there's still money and confidence just
coming into the market, it doesn't surprise me, but it's happy.
(13:35):
It's happy to see the numbers, say that, and when
it's sort of put in front of you black and
white like that, you know it's real.
Speaker 6 (13:41):
Yeah.
Speaker 2 (13:42):
And have we seen since that sort of slight interest
rate cut that we did have, have we seen sort
of more buyers pop up here and there?
Speaker 7 (13:50):
Yeah, Look, we absolutely have. It really started at the
end of last year when the sentiment generally firmed up,
Whereas you know, it was pretty agreed that if it
wasn't going to the end of the last year, it
had been the start of this year that we've seen
interest rate cut, so low of buyers came into the market.
It happened, and obviously, so when I say it happened,
I mean interest rate cut happened earlier this year, and
(14:10):
now there is a lot more bio confidence around. The
interesting thing there is that people are sort of thinking, Okay,
what's next and where we see more cuts or more importantly,
actually when will we see more cuts? And that's bringing
even more buyers in. So it's like the buyers are
just a little bit ahead of the interest rate movement.
Speaker 4 (14:27):
Okay.
Speaker 3 (14:27):
And so Renee was sort of talking before we brought
you to Ara about so the idea of what the
US is doing and how that plays out with interest
rates as well.
Speaker 2 (14:36):
Yeah, Sam, we had a story in the newsroom through
the week from A and Z and the big four
banks saying that with what's happening in the US with
the tariffs and everything, that they think the next interest
rate cut will now happen earlier than predicted. Have you
heard anything along those.
Speaker 7 (14:53):
Lines, Yeah, and I definitely have. That's really interesting that
you bring that up, because I think the general I'm
speaking with a lot of people and nobody can really
put their finger on it. I think there's a lot
of confusion about what it means. But really I think
personally I believe that what you're hearing from the angel
is exactly right. We'll see probably two or three interest
(15:14):
rate cuts in total this year, and they might come
a little forward than we expected, just to give the
economy a little bit of a boost, because if we're
seeing a bit of a lag in growth or exports,
whatever it's going to be, then there is going to
have to be something that happen, something that changes to
make that happen. So kind of exciting for the housing market.
It will be interesting to see how it all plays out.
(15:35):
They do a lectra and tariffs, all the things that
are happening, it's going to be an interesting one.
Speaker 2 (15:40):
Yeah, for sure. There's lots of things going on up
in the air at the moment, isn't there. Sam, Well,
thank you so much for your time. As always, that's
a right right, great to speak to you.
Speaker 7 (15:47):
But have a great Saturday you too.
Speaker 2 (15:49):
Catchu later. Sam McGregor, principal at Windrows Properties.
Speaker 3 (15:53):
Well, those are the interviews we most enjoyed in last
week's mixed one to six point three real estate show.
If you love hearing about lakes trends, or you're just up.
Speaker 4 (16:01):
For a sticky beak.
Speaker 3 (16:02):
Be sure to drop by for a listen This Saturday
between nine
Speaker 1 (16:06):
And ten Cam and Rene's Real Estate Show on Mix
one O six point three
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