Monthly Market Report

Strongest August on record, as new development launches and off-plan sales turbo-charge transaction volumes towards record high. Year-to-date sales just shy of passing 2021 with four months to spare, as prices bounce back.

Although the market remains strong, the froth has come off in the summer heat. A second consecutive month of price declines as both sales and mortgage transactions volumes fall.

In spite of record transaction volumes, prices fall for the first time this year. New development launches surge to new heights as an end to the current boom market cycle comes into view.