There is a growing body of research data showing that real estate markets are much stronger than we were told to expect in 2023.

Sales activity remains consistent or strong in many key markets, prices are rising in most of our capital cities and many of our regional markets, and vacancy rates remain ultra low. 

The key factor driving this resilience of property markets, regardless of all those interest rate rises, is (in a word) shortage.

There’s a shortage of everything that matters in real estate: a shortage of listings of properties for sale, a chronic shortage of properties available for rental and a shortage of new dwellings under construction.

This is putting upward pressure on prices – and that pressure is big enough to overcome the negative forces like higher interest rates, high inflation and negative media.