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The Most Innovative Things Happening With Valuation

Long as we’re getting at least sixty percent of the reported listings we know that that’s a robust reflection of what’s happening in the marketplace now we move on we don’t report the whole week as others do we just report the Saturday snapshot and then we move on we don’t report or I don’t report on the four weeks results because that’s a different methodology and you always see lower clearance rates when you get the higher when you get the full results later in the week and that’s because-agents are human beings I think and the tend to obviously want to report saves rather than listings so early in the piece I’ll report of sale rather than the listing and more inclined to those clearance .

Rates the four clearance rates always tend to be lower than the Saturday clearance rates but that doesn’t matter because we only report the Saturday clearance rates which used the same methodology lots of gold her folks very passionate so we got a question here Sonia has a question for Dr. Wilson hi dr. well smart hi you’re very passionate and I love listening to you I have a question.

About Darwinproperty no one yeah I have an investment property over there which I bought a couple years ago now and has dropped and I’ve had to reduce the rent yep where do you see it going well look obviously I’ve just come back from Darrin and it’s a market that has been a very tough market it’s I guess the Perth of the north but a lot of the morning centers aren’t struggling at .

the moment and it is because of a significant fall in population growth or migration particularly now the Darwin market has fallen similarly to Perth same reasons as Perth but there are differences in the Darwin market compared to put the first one is that the Darwin still has all the capital-cities state the territory Darwin has the strongest economy unemployment rate in Darwin is under three percent still very strong economy now it was always going to be more volatile because it’s smaller market and therefore when younger people leaving or not. 

The same numbers coming in it would have a more severe  shorter term effect now somberly signs of that market is starting to bottom out we’re recording now a stabilization of vacancy rates houses in Darwin so there’s now vacancy rates are the first sign that you should-always look for in a market that staying to bottom out now vacancy rates endowment are now staying to look a lot more reasonable .