Ewan’s Hot Take: Sales & Rental Market Update

In March, we (as did the rest of the industry) saw a real pickup in buyer enquiry and a willingness to act, triggered by the interest rate remaining flat.

And last weekend, after the Easter long weekend, we saw a pickup of attendees at our opens, and a subsequent jump in property enquiries.

Saying that, the number of offers on properties has dropped showing that, despite the level of interest, buyers are remaining cautious and conservative.

As for the rental side of the market, there is a lot of talk in the media around the ‘rental crisis’. Stock levels are still down which has forced rental prices higher than pre-covid levels. With landlords restricted by how many times they can increase rent and rental auctioning now prohibited, some landlords are choosing to push tenants out to get another tenant in that will pay more. This is an ongoing problem that we are watching closely.