Whitehouse Real Estate, Market Wrap - July 2023

In the 2023 second quarter market wrap from Whitehouse Real Estate Angus White highlights limited stock, increased buyer activity, and the ongoing impact of interest rate rises. Despite fewer listings on traditional platforms, off-market transactions are rising. Angus emphasises the importance of registering buying criteria with local agents to capitalise on these opportunities. While the market started strong in the quarter, factors like interest rate increased and winter conditions led to a slight slowdown by June. However, the top end of the market remains robust. Looking ahead, changes in government policies, like the abolition of first home buyer stamp duty exemptions, could impact the market. The team expresses gratitude and looks forward to updating viewers later in the year.