Market Update. The November increase in rates saw a slow in market activity and growth. In our small sample-size of 2024, we have seen a strong increase in enquiry and inspection volume. To put it in perspective, in November/December we saw an average inspections per property of 8.7, which has increased to 18.1 thus far in the month of January. Daniel Hindmarsh | 0423 125 501 Joshua Perry | 0420 941 220 With 2023 now over, we have had several clients ask for an overview of what has been and where we see the market going in 2024. After a year of turbulence, we are sensing a shift in confidence and are looking forward to seeing how it all unfolds. It begs the question as to whether that translates into increases in pricing – something we won’t be able to confirm until the first run of stock clears which will likely be the end of February. Inflation is declining, confidence around rates is improving and buyer positivity is strong. While it is too early to tell for sure, the initial indicators point toward a positive 2024.
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