It’s a question people have already started to ask – what effect will the Trump-led tariff war have on our local housing market?
This past week, global markets have been rattled by a sharp escalation in the Trump-led tariff war. The renewed tensions have sent shockwaves through international stock exchanges, including here in Australia. Earlier in the week there was widespread speculation of the possibility of multiple and significant interest rate cuts—a signal that uncertainty was setting in and that the Reserve Bank of Australia would need to step in to stimulate the economy. However, the Reserve Bank Governor has since adopted a more measured stance, opting for a wait-and-see approach as global economic conditions unfold.
In times like these, real estate remains a consistently secure long-term investment – providing both stability and a place to call home —a place to live, create memories, invest and build equity over time. And what better place to buy than in our local market!
AUCTION RESULT – 22 GLYDE STREET, EAST FREMANTLE – SOLD UNDER THE HAMMER
We were reminded once again of the strength of the auction process last weekend at 22 Glyde Street, East Fremantle, where the home sold under the hammer for $2.14 million in front of a good crowd.
The 16-day campaign allowed the market sufficient time to engage with the property, while the transparent nature of the auction gave every buyer an equal opportunity to participate. Two offers were received prior to Auction however the owners elected to continue to Auction. One buyer registered after viewing the home for the very first time that morning, a testament to the strong appeal of the home and the accessibility of the process.
With two active bidders competing, the auction paused briefly when bidding had not yet met the reserve. The highest bidder was invited to negotiate, and upon recommencement, the property was officially called on the market at $2,101,000. That clear signal indicating the property was going to sell sparked immediate action—a buyer who had initially come along just to watch joined the bidding and ultimately secured the home.
This result underscores some of the benefits of auction: transparency, competition, and real-time market feedback, all of which can contribute to strong outcomes
SCHOOL HOLIDAYS, EASTER AND ANZAC DAY – QUIET MARKET OPPORTUNITIES
And now, with school holidays kicking off, followed closely by Easter and ANZAC Day, we don’t anticipate a flood of new listings in the coming fortnight. It’s a natural pause in the market as many families take time to unwind and enjoy the beauty of our WA autumn.
That said, we have just launched four new listing this week! However, the quieter Autumn period can be a great opportunity for buyers to revisit homes they may have previously overlooked. Properties that have been on the market for a few weeks often come with highly motivated sellers, and with less competition around, now could be the ideal time to make your move.
