So February was a good month for us at Morton, with several stand-out sales, but as we head into Easter we’re seeing the pressure of the continued interest rate rises start to bite. The rental market is strong, and we continue to see record numbers of enquiries and applications. Sales is trickier, which is no surprise, the RBA raising rates for the ninth consecutive time to the highest in over a decade is pinching vendors and buyers alike.
Buyers are also, at their heart, conservative – with financial worries front and centre many are holding their cards close, waiting to see if there is a significant decline in the market. Personally, I think this is unlikely. And as we saw in February, the right property, price, and agent will always help get a good result.