{"id":21568,"date":"2018-06-25T01:00:05","date_gmt":"2018-06-24T15:00:05","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=21568"},"modified":"2018-06-25T01:00:05","modified_gmt":"2018-06-24T15:00:05","slug":"sqm-tip-a-slowing-market-louis-christopher","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/","title":{"rendered":"SQM tip a slowing market –\u00a0Louis Christopher"},"content":{"rendered":"

We are seeing evidence that the market continues to soften but how far will it go?\u00a0 That is the million dollar question so we get Louis Christopher\u2019s<\/strong> opinion.<\/p>\n

Transcript:<\/strong><\/p>\n

Kevin:<\/strong>\u00a0 The figures released by Louis Christopher at SQM Research show that maybe the softening of the market that we have been seeing might just continue. Louis joins us to talk about that.<\/p>\n

Good day, Louis. How are you doing?<\/p>\n

Louis:<\/strong>\u00a0 Good to be here, Kevin. Doing well, thank you.<\/p>\n

Kevin:<\/strong>\u00a0 Thanks, Louis. The listings were steady in May across the country?<\/p>\n

Louis:<\/strong>\u00a0 Yes, that is correct. Nationally, the listings stood at 325,000 rounded, which was absolutely unchanged from the previous month of April. Overall nationally, listings, when we look at the year-on-year change, was just up by 0.4%.<\/p>\n

What is happening is that there have been some cities that have recorded a little bit of lift in the month, some cities recording a decline in the month, and regionally, when we look at, for example, the mining towns, they\u2019re all recording falls in listings right now. So, the regionals are kind of off-setting some of the slow-down that we\u2019ve seen in the capital cities.<\/p>\n

Kevin:<\/strong>\u00a0 This is obviously a reflection of a lowering of consumer confidence, saying, \u201cWell, maybe this is not the best time to put my place on the market,\u201d Louis?<\/p>\n

Louis:<\/strong>\u00a0 Yes and no. We did record, for example, a rise in Melbourne of 2.4%. I think what\u2019s going on there is that some vendors are looking at the market and saying \u201cActually, we need to sell now if we want to try and pick the top of the market or try and get that price that we were hoping to get because the market could end up moving south from here.\u201d<\/p>\n

I think there are a number of vendors who are in that camp right now. They\u2019re actually thinking, \u201cLet\u2019s sell now while the going is still good.\u201d<\/p>\n

Kevin:<\/strong>\u00a0 There have been some reports out in the last week or two about particularly investors wanting to sit on their hands and saying \u201cThis is not necessarily a good time. I think I\u2019ll probably hold onto my property for a little bit longer.\u201d<\/p>\n

Do you share that sentiment, Louis?<\/p>\n

Louis:<\/strong>\u00a0 I think that there are potential vendors who look at it that way. And maybe they\u2019re not vendors to begin with; they\u2019re long-term property owners who are quite happy to just see the cycle through, so they\u2019re not really that interested sellers.<\/p>\n

But there\u2019s also another camp of property owners who have been looking to potentially exit out. They\u2019re either looking to upgrade, downgrade, maybe sell out altogether, and they will be looking at the market now, particularly in Sydney and Melbourne, saying \u201cWe should sell now while we still got relatively more buyers in the market because things could actually get worse later in the year.\u201d So, there is definitely that camp of sellers that is operating in the market right now.<\/p>\n

Kevin:<\/strong>\u00a0 I think quite a few people have been surprised by what\u2019s happened in Hobart \u2013 and I noticed in your report, too, the listings have fallen in Hobart, which is probably going to make that situation a little bit worse for potential buyers.<\/p>\n

Louis:<\/strong>\u00a0 Absolutely, yes. Listings were down by 4.7% for the month. So, right now, there are just 2000 listings in the marketplace for Hobart, and some years back, just to give you an idea, during the slowdown, Hobart normally gets about 10,000 to 12,000 listings.<\/p>\n

There is hardly anything out there right now, Kevin, in terms of listings in Hobart. It\u2019s definitely a seller\u2019s market. Listings are down 26% year on year. I\u2019d rather be a seller right now than a buyer. Let\u2019s put it that way.<\/p>\n

Kevin:<\/strong>\u00a0 In Canberra, too, listings have fallen just a little bit. We\u2019ve seen a little bit of a lift in that Canberra market in recent times.<\/p>\n

Louis:<\/strong>\u00a0 We have. The Canberra market did have a recovery in 2016 and 2017, and it appears so far this year that the recovery is set to continue. It\u2019s not a boom by any means, but it is nevertheless a market that is favoring sellers. There are plenty of buyers. And the Canberra housing market has always been correlated to how much expenditure is occurring at the federal level.<\/p>\n

Kevin:<\/strong>\u00a0 Yeah, because it flows through to employment, doesn\u2019t it?<\/p>\n

Louis:<\/strong>\u00a0 Absolutely.<\/p>\n

Kevin:<\/strong>\u00a0 Interesting comparison there too, Louis, just before I let you go. The capital city asking prices for houses rose slightly but fell for units.<\/p>\n

Louis:<\/strong>\u00a0 That is correct. We have to be careful we don\u2019t read too much into these numbers on a week-by-week, month-by-month basis, but it is true that we recorded some rises. For example, Brisbane recorded a 0.2% rise in houses and just a 0.1% rise in units.<\/p>\n

It\u2019s mixed overall in terms of what the asking prices actually did show. In Melbourne, for example, they recorded a 0.5% fall in houses and a 0.7% fall for units. So, mixed overall. I would say long-term, it\u2019s showing that houses tend to perform a little bit better than units with regard to capital growth.<\/p>\n

Kevin:<\/strong>\u00a0 Excellent. Always good talking to you, Louis Christopher from SQMResearch.com.au.<\/p>\n

Louis, thanks for your time.<\/p>\n

Louis:<\/strong>\u00a0 Good to be here, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

We are seeing evidence that the market continues to soften but how far will it go?\u00a0 That is the million dollar question so we get Louis Christopher\u2019s opinion. Transcript: Kevin:\u00a0 The figures released by Louis Christopher at SQM Research show that maybe the softening of…<\/p>\n","protected":false},"author":176692473,"featured_media":21560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,22,23],"tags":[101],"class_list":["post-21568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-research-topic","category-selling-a-property-topic","tag-podcast"],"yoast_head":"\nSQM tip a slowing market -\u00a0Louis Christopher - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SQM tip a slowing market -\u00a0Louis Christopher - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"We are seeing evidence that the market continues to soften but how far will it go?\u00a0 That is the million dollar question so we get Louis Christopher\u2019s opinion. Transcript: Kevin:\u00a0 The figures released by Louis Christopher at SQM Research show that maybe the softening of...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-24T15:00:05+00:00\" \/>\n<meta name=\"author\" content=\"Kevin Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/\"},\"author\":{\"name\":\"Kevin Turner\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"headline\":\"SQM tip a slowing market –\u00a0Louis Christopher\",\"datePublished\":\"2018-06-24T15:00:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/\"},\"wordCount\":901,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Research\",\"Selling a property\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/\",\"name\":\"SQM tip a slowing market -\u00a0Louis Christopher - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-06-24T15:00:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/sqm-tip-a-slowing-market-louis-christopher\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SQM tip a slowing market –\u00a0Louis Christopher\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\",\"name\":\"Kevin Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"caption\":\"Kevin Turner\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/kevin-turner\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SQM tip a slowing market -\u00a0Louis Christopher - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/","og_locale":"en_US","og_type":"article","og_title":"SQM tip a slowing market -\u00a0Louis Christopher - Realty Talk","og_description":"We are seeing evidence that the market continues to soften but how far will it go?\u00a0 That is the million dollar question so we get Louis Christopher\u2019s opinion. Transcript: Kevin:\u00a0 The figures released by Louis Christopher at SQM Research show that maybe the softening of...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/","og_site_name":"Realty Talk","article_published_time":"2018-06-24T15:00:05+00:00","author":"Kevin Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kevin Turner","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/"},"author":{"name":"Kevin Turner","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"headline":"SQM tip a slowing market –\u00a0Louis Christopher","datePublished":"2018-06-24T15:00:05+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/"},"wordCount":901,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Kevin Turner","Kevin's Update","Latest Stories","Research","Selling a property"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/","name":"SQM tip a slowing market -\u00a0Louis Christopher - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-06-24T15:00:05+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/sqm-tip-a-slowing-market-louis-christopher\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"SQM tip a slowing market –\u00a0Louis Christopher"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329","name":"Kevin Turner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","caption":"Kevin Turner"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/kevin-turner\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692473"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=21568"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=21568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=21568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=21568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}