04 JUNE EDITION
WINTER SELLING SEASON FIRES UP
SUMMARY
• Persistently strong demand for housing
• May sales records tumbled
It ’ s almost unthinkable to remember that this time a year ago we wrote $ 2.95 billion last May , and now we have just produced a stunning $ 8.05 billion in sales with all markets still firing on all cylinders . We were expecting big things from the month and May certainly disappoint . We are so proud that our members helped almost 16,000 people with their property ambitions . It was another fascinating month . With restrictions pretty well eased in all regions , except Victoria , we don ’ t want to be lulled into a false sense of security . We know the economy may still have challenges ahead of us but also we know as a group we have what it takes to continue to navigate through whatever comes our way . Despite our consistently strong headline record results , the underlying trends have not shifted over the past year . But what a difference a year makes - this time last year there was much uncertainty around property and the real estate outlook . Fast forward 12 months and these are some of the best conditions we have ever seen in our 119 year history .
The combination of improving economic conditions and low interest rates has continued to support consumer confidence which , in turn created persistently strong demand for housing . The media keeps reporting that supply remains well below average and this imbalance