Page 2 - MM 6280 Quarterly Market Report Q1

Welcome to our 6280 market update

Well the past 2 months have seen unprecedented times in our global

national and local communities. From our business point of view it

became apparent very quickly that now more than ever our clients

needed our advice and assistance. Accordingly with appropriate

measures to ensure the safety of our staff we chose to stay open. This

has clearly been the correct choice for us to continue to be available to

assist you.

Many people are asking us where the current market sits? Whilst sales

enquiries have reduced in March, we noticed an increase in enquiry in

the first 2 weeks of April, as the media moves to discussion on positive

aspects of the government looking towards lifting blanket restrictions.

In accordance with REIWA data, house sales activity for the December

quarter saw sales increase by 9.4% with an increase of supply of only 5%.

The average rents for the previous quarter also increased by 2.5% and

rental supply decreased by a large 29%. These have been very positive

signs for our market and we are expecting a return to good levels of

market activity before too long.

As always, we are here to help so please get in contact if we can be of

assistance.

Regards,

Matthew Snaddon

General Manager

First National Real Estate Busselton