00:00Under the hammer in Sydney's west.
00:05Bitter eight at one five, at one million five with bitter eight.
00:09Buyers are holding their breath.
00:11The market has gone up very, very, very crazy. It's very bad.
00:15December saw the smallest monthly increase in five months, up just 0.7 of a percent.
00:22Sydney and Melbourne property markets went backwards for the first time since January last year,
00:28while Adelaide and Perth saw the strongest gains, both up one point nine percent.
00:34I don't think this is a blip.
00:35We were already seeing the market slowing down ahead of December.
00:38And I think it's setting the scene for a softer 2026.
00:42Pockets of the property market remain strong.
00:45If you have a look at anything priced under around a million dollars,
00:48the five percent deposit scheme is really accelerating growth at that price point.
00:54And we still have markets like Perth, which are continuing to see very strong growth,
00:59and also South East Queensland.
01:01And while some areas across the country are expected to see stronger property price growth in 2026,
01:08the direction of interest rates is likely to influence the broader market.
01:12I don't think it's going to boom, but I don't think it's going to drop.
01:14I think it's just going to be very steady.
01:15As long as the interest rates are steady, the market will stay the same.
01:19Going.
01:20Gone.
01:21Give them a round of applause.
01:23There you go.
01:24Another successful bidder in a challenging market.
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