Listed prices are at all time highs, across all categories, and all price points
Residential sales continue to slow, and transaction closing time lines are widening
Listed offer inventory, has started to fall slightly, across all price points
Sharp increase in residential building permits in terms of units
Demand, more selective and more price sensitive, is still robust
The residential rentals are at market highs, vacation rentals are easing after several years of record highs
Construction costs remain firm and delivery times are still problematic with prices expected to remain high
The localgovernment are passing measures to facilitate the possibility of legalising some previously non compliant residential buildingsprovided certain requirements are met and the payment of a fine
The 2024 season has commenced on a softer note than last year, in terms of visitors, nights stayed and spend.