A Word From Peter Kleeman

As the 2023 financial year has come to an end, we are experiencing positive conditions throughout the marketplace: which is the opposite to the start of the financial year.

Even with unprecedented rate rises over the last 12 months with the cash rate increasing by 2.5% confidence has returned to our markets.

This has been fuelled by a lack of supply of homes, surging overseas migration from both permanent residents and students on temporary visas placing an upward pressure on prices and rents in an already undersupplied market.

We can see constant pressure on rents to rise, due to the increased costs on landlords to service loans and escalating government taxes.

With a lack of homes on the market we see a strong start to the next quarter that should continue for the rest of the year.

Peter Kleeman

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