January was a very busy month in our rental department. We let 26 properties during the month with tenants being sourced both locally and interstate. We welcomed many new landlords, some with existing portfolios and some new to the imvestment world. Our tenant list remains quite large so if we can help you find your ideal tenant we would love to hear from you.

Now that the silly season is at an end, lots of new properties are coming to the market and we have started the new year with exceptionally good sales results. Realistic vendors ar being rewarded but of course many are still hoping to achieve the high prices we saw during Covid. Across the board prices are remaining solid. Investors are increasingly coming to the market as Launceston is showing excellent vacancy rates and returns.

The topic of interest rates continues to be a priority alon with the concern of increasing insurance policy rates, however interest dialogue is positive and interest rates have yet to get traction.