WOW, another staggering month for real estate agents and all property owners for that matter, with more record stats being reported for the month of May. Australia and New Zealand recorded 2.2 % growth for May, with Australia recording a 7% growth for the quarter and 10.6% annual. New Zealand still leads the way with 7.7% for the quarter and 20.5% annual.
Interesting is that both Australia & NZ are still showing steady listing numbers up on previous averages but with high demand, stock levels are being kept low. The perfect storm really. Although New Zealand has already shown signs of slowing due to government and RBNZ (Reserve Bank New Zealand) intervention by way of LVR (lending Variable Rate) increases for investors and promise of interest rate hikes, these are still about a year away. Things are still going strong and back here in Aussie it is full steam ahead. However, our governing counterparts will eventually do the same to curb an unrealistic bubble if this continues.
The short story is that we are in full swing BOOM and what a great time to be a real estate agent. This is an amazing time to set yourself up for many years to come if you take advantage of it and build a proactive business and not a reactive one.
Lastly, June is here, and the new financial year is approaching, so what a fantastic time to start working on your KPI’s and goals and vision for the 21-22 financial year. Reach for the stars ⭐️