Highland's sales spike in May points to market resurgence

Leading property group Highland has witnessed a resurgence in the property market after closing out its biggest month of sales in 2023 with more than 106 property transactions totalling $240 million.

The independently owned boutique real estate network, which has five offices soon to be six, says demand has come from buyers across the board leading to unprecedented growth in transactions over the first five months of this year.

“We are seeing heightened activity across the market, in all price points, without exception,” said Highland director David Highland.

“Based on the buyer behaviour we are witnessing I believe that the property market correction of the past year is mostly behind us.

“There is a growing shortage of stock available as we head into winter to meet the demand across the markets.”

Highland has also revealed growth across a number of metrics within the group, including 75 property listings, while leasing activity also rose strongly, leasing 94 residences in the last month.

“We have seen exceptional strength in combined sales and leasing inspections over the month, which points to increased buyer confidence,” said Mr Highland.

“This has prompted us to bring on board 8 new members to the team to service our clients.”

The strength of the Queensland market also has led Highland to announce plans to open its first Gold Coast office in June, making it the sixth for the group.

“This represents significant growth for the group on the Gold Coast over the past three years, which has been supported by the strength of our project marketing division,” said Mr Highland.

Highland is currently providing sales and marketing services for 50 projects across Australia by a dedicated team of 200+ property professionals.

Highland is a full-service property group that includes the Highland Financial Services division.

“Each of our divisions have experienced solid growth over the past year, with the latest spike in activity a welcome sign for the property sector going forward,” said Mr Highland.

Additional to the unprecedented sales and property transactions this month, Highland have also achieved: 2,230 buyer inspections, 380 rental home opens, 3,418 tenant inquires, 54 new landlords, 92 insurance policies signed, 10 home loan applications worth over $5 million.