Ewan’s Hot Take: On the current market

The rental market is rebounding in Australia after a drop of 25-30% in some areas due to the Covid-19 pandemic. Some prices are now above pre-Covid levels, but there are signs of a softening as renters reach a point where they cannot afford further increases. The sales market is holding up, with transactions and negotiations continuing, although interest rate increases are having an impact by reducing the amount buyers can spend. Stock levels are low, but agents are still getting good results. Landlords are being advised to listen to leasing agents and pay attention to data and market trends to avoid overpricing their properties.