We’re about 10 weeks into 2025 and although there have been some significant global changes, in many ways there is a feeling of more of the same.
Politically, the big shift has been a new bloke moving into the White House. The funny old dude who used to aimlessly wander the halls hoping he would recognise someone has been turfed-out.
The resulting changes have been quite dramatic. Humans who are born with male bits and pieces can no longer play sport against women in the US. Foreigners who used to casually walk over the border from Mexico now need to ask for permission.
Other changes have had a global impact, particularly those relating to policy on wars in Ukraine and Gaza, climate change, manufacturing and tariffs.
Depending on your political persuasion, you will either support or condemn the changes, although none of us will be happy about increased tariffs on Australian goods. But whatever your political view, there is no doubt that the bloke in charge is a disruptor who wants to create change.
Whenever I start a new year in real estate, I wonder what sort of changes we will face.
Last year was the strongest I have experienced in my 13 years of selling real estate in Mackay. The median price rose by around 25 per cent.
So I was wondering, when I came back to work in mid-January, whether there would be a slow-down from the previous year. I can safely say that has not been the case.
There has definitely not been a change in intensity and interest from local buyers and investors. In my experience, the thing that has changed is that local buyers, both long-term residents and newly arrived people, are aggressively stepping into the market.
Last year investors from southern regions were dictating prices but I have found this year that locals have decided that they are not going to sit on their hands waiting while prices continue go up. They are jumping in and securing their properties.
Investors are still there and I get dozens of phone calls every week from southern buyers’ agents telling me they have a long list of buyers looking to invest in Mackay.
But locals are asserting themselves this year and the competition for the limited number of properties on the market is continuing to push up prices.
And the properties are selling quickly. Everything I have sold this year has gone under contract in one or two weeks.
When a property comes on the market, buyers are ready to pounce. Some of them have missed out on earlier properties and they are willing to make strong offers to secure the new one.
And the numbers at open homes have been astounding. Sixty groups of buyers turned up at one Gardian open house last week.
The tight rental market has also not changed and that is continuing to help drive the sales market.
Will the market continue to rise? As always, the demand for our steel-making coal will have a big role to play and what happens internationally will determine the strength of the economies of Mackay and Australia generally.
The US stock market has been strong but suddenly looks shaky. Could there be a US recession or is a Trump-led US going to boom and drive the world economy, including Australia’s?
One thing hasn’t changed this year ... I still haven’t got a crystal ball.
Sure, lots of talk but he’s no Nostradamus.