Nerida Conisbee

It's the Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia.

It certainly has.

It's been a pretty fast start.

I think it's looking quite a different year compared to last year.

I was talking to a few people about it last week that start of 2021, it was pretty much full steam ahead.

We could see that prices were really on the increase and it was going to be a very big year.

I think this year there's a lot more uncertainty.

On one hand, COVID is starting to become a little bit more

less of an impact in terms of the way we live.

But there's a lot of other influences on the property market, such as the threat of interest rate rises, opening borders, all of those things are going to have a different impact on what happens in 2022.

Yeah, absolutely.

I mean, as you said, people, when they come to Australia, they rent before they buy.

And last year, we did see very solid rental growth in many locations.

It was partly to do with the fact that people were getting wealthier through the pandemic.

We've seen it through ABS data that

Australians are the wealthiest they've ever been, but also because we had a lot of movement in Australia.

So a lot of movement, particularly up to Southeast Queensland, which really pushed up rental levels.

Rental levels for houses in Brisbane actually increased by about 20%.

So we did see some really big pickups.

The areas though that struggled were those areas that did house a lot of overseas students.