2022 - 2023
By Lauren Eakins - Principal Broker
The year has seen continued strong sales in the FNQ region for property. For the latter part of the year, whilst rates have continued to affect the top end of clients borrowing power, the price of property has been stable. We believe the level is held up by pent up demand and a reduction in the number of listings for this time of year. The medium term outlook continues to be strong for houses under $600,000 as both investors and owner occupiers vie for the same stock. The tight rental market supports rental yield and assists investors rising costs of capital with increase to rental prices.