Some of the initial firm inflow of buyers would have been capped by the general election in mid-October making most people uncertain about many things. Then after the election the coalition negotiations to mid-November provided another reason for waiting to see what would happen.
By the time we learnt the full details of the new government and their policies I suspect (and wrote at the time) that people jumped straight through to placing big decisions on hold and enjoying a decent summer holiday well removed from covid, flooding, politics, and world events.
Virtually everyone is now back at work so can we say that there is new momentum developing which will see rising sales, falling numbers of days being taken to sell properties on average, and some additional upward pressure on prices? I think we are close but the new signs of life I have been spotting in my various monthly surveys would have been dented in the middle of February by one forecasting group’s prediction that the Reserve Bank was set to raise interest rates by another 0.5%.