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What's the verdict? Busier than ever!

Last month we ran a 12 month summary of the extraordinary Property Management Department activity the 20-21 year, you can find it at www.palmbeachfn.com.au/blog/2021/july/pms-the-tip-of-the-spear.
 
This month we decided to look at the PM monthly activity levels year-on-year remembering that both July 2020 and July 21, 2021 were Covid affected. The result surprised us to some extent. It is quite clear that the local property management market is more active than ever.

The table below can tell you a lot more than words...



It is possible to draw a few conclusions from these numbers.

• The CG continues to grow despite shutdowns.

• The shortage of sale properties particularly below 1 million is pushing people who might otherwise buy into rentals is a short-term solution.

• Home prices will continue to rise while the reserve bank maintains interest rates at roughly the present level.

• Rental prices whilst also moving are still at about 5% of the purchase price of a property and there is unlikely to be a divergences in that relationship anytime soon.

by David Hamilton