What’s install for Quarter 2 of 2024

What’s install for Quarter 2 of 2024

In the first quarter of 2024, the property market on the Lower North Shore was notably vibrant. Two-bedroom apartments and townhouses emerged as the top-performing properties, attracting significant attention from both investors and buyers alike. The increasing rental rates have caught the eye of discerning investors, prompting them to re-enter the market to capitalise on these favourable conditions.

Properties featuring lifts or minimal stairs have seen a surge in demand, particularly from buyers aged 50 and above who value convenience and accessibility. This trend reflects a growing preference for properties that offer ease of movement and cater to the needs of older individuals.

First-time homebuyers remain active in the market, showing a particular interest in one-bedroom apartments. These buyers are keen to secure their first property investment and are actively seeking affordable options that meet their needs.

Looking ahead, we anticipate these trends to persist for at least the next 3-6 months, as the market continues to respond to changing preferences and demand dynamics.

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