Buyer and Seller Activity Surges After Election

Confidence is returning to property markets as a decisive election result looks to unlock a wave of home listings and buyer activity, though interest rate uncertainty may still hold some sellers back. A Sydney couple is listing their $5.9 million Roseville home post-election, hoping the political clarity will boost buyer sentiment, while investors are racing to purchase before competition intensifies.

With the federal election done and dusted, Australia’s property market appears to be resetting. Sellers who had previously delayed due to election jitters are now eager to list, banking on increased confidence and market stability. At the same time, buyers who had paused their search are jumping back in, prompted by a perception that now is the right time to act, especially if interest rates are cut this month.

Real estate agencies are already seeing a lift in listing volumes, particularly in Sydney and Melbourne. Agents report that vendors had cited the election outcome as a major reason to hold off, but the formation of a majority government has helped ease that uncertainty. Meanwhile, investors, some with portfolios worth millions, are reportedly accelerating their purchasing plans to get ahead of what they expect will be a more competitive winter market.

Inquiries from both home buyers and investors have spiked noticeably in the days following the election. One national buyer’s agency has seen daily consultations rise by 15%, while another in Melbourne reported a 50% jump in inquiries just two days after the vote. This immediate response suggests the election result triggered a release of pent-up demand, even as economic factors like interest rates remain in flux.

Looking ahead, the re-introduction of policies like the expanded 5% home loan deposit scheme could bring more first-home buyers into the market. However, not all buyer types are acting quickly. High-end purchasers remain cautious, delaying deals amid broader global economic uncertainties and potential trade impacts. For everyday sellers and mid-tier buyers, though, the election result seems to have provided just enough clarity to move forward.

Source: Australian Financial Review, Acumentis.