The Australian economy is ok, but...

It’s amazing what sentiment can do to a market.  There has been a definite cooling and there is more hesitancy from buyers.  We are seeing examples of buyers offering, then withdrawing and then offering again.  The share market volatility and the European situation is worrying buyers and despite reports of the Australian economy being ok, it creates concern and indecision amongst buyers.  Of course the Global Financial Crisis is still a fresh memory.  So for vendors, you really have to price carefully. If you are expecting a silly price, and use set your strategy with this in mind, then you will sit for awhile.

Feel free to email me ewan@mortonandmorton.com.au with comment. Until next time.