REIP Inside Real Estate April 27, 2022

I hope everyone is feeling refreshed and recharged after the Easter and ANZAC day long weekends because there has been a lot going on over the last few weeks!

Now that the Federal Election has been set for 21 May, we are really starting to see things heat up. For the first time in a long time, this election is about much more than the two major parties. We are seeing an unprecedented number of independent candidates entering the race, many with similar agendas.

If successful, these independents may force the major parties to take real action on issues like climate change and the safety of women. We’ll need to watch this space!

Also top of mind for our industry is the potential interest rate rises. Economists are predicting that an inflation surge could lead to a ‘super-sized’ interest hike in June, adding pressure on homeowners, impacting sale prices and disrupting real estate sales all over again.

Tenants are also facing a very real rental crisis. The higher cost of living and fierce competition for rental properties means that now is the time for us to be understanding and empathetic to the increased pressure existing and potential tenants are facing.

On a positive note, a change in COVID restrictions in NSW and Victoria is a welcome step forward and it’s great to see the economy finally starting to reset.

For anyone thinking about how to optimise their website, our partner List Once offers an off the shelf API that allows you to embed a high-quality property search engine. This improves speed, functionality and lead generation, and REIP members qualify for a 10% discount. See more information below.

Lastly, I want to remind you to register for the upcoming RISE 2022 conference on 24 May in Melbourne. We’ve all been through turbulent and trying times over the last couple of years, and this event gives you the opportunity to set aside some time for self-care, as well as refocus on the future. Grab your tickets here.