Dead or Alive?

With Australia Day now behind us and half of the population on some sort of crash diet it’s finally time for the real estate market to re-open.

At this time of year we try to gauge what sort of year may be ahead (a reading of the tea leaves if you will). I normally start this quest by asking local conveyancers and property stylists how busy they are…well…they are flat out. This means that stock levels are about to increase significantly. 

Interestingly, our early 2023 buyer enquiry numbers are also very high so it’s possible that this increase in supply will met by eager demand.

More of the same is what I predict, good quality property will continue to perform well, while the rest of the market will be price sensitive and sellers will need to compete to win. Side note…rents are rising and investors have noticed so it will be interesting to see how this all plays out. 

We will let you know what we see this weekend.

Until next week, 

David