Nathan’s Market Wrap-up

Welcome to the New Year and what almost feels like a new market. The end of 2022 was tough for many markets with a lack of demand and stock supply. 2023 Kicked off with a bang as interstate buyers and locals took advantage of the free time and snapped up some great properties. We were all expecting an influx of stock to hit the market in the New Year and buyers were surprised to see that not happen. This forced offers and new competition to give power back to sellers. Heading into February however we have started to see new listings increase leaving the question to be answered - will the rate rises further halt buyer activity or can demand keep up with supply?

To answer that - I guess we just have to wait and find out!