Issue 59 I The Property Development Review

National News

RAY WHITE SPECIAL PROJECTS AND DEVELOPMENTREADY TEAM UP FOR INDUSTRY EVENT

Ray White and DevelopmentReady team

Ray White Special Projects teamed up with DevelopmentReady to welcome a host of clients and industry professionals to 2025 at their VIP event.

Held at Brisbane’s esteemed Naldham House, the event provided an opportunity for attendees to catch up, network, and celebrate the 10 year anniversary of DevelopmentReady, of which Ray White Special Projects has been a key client since the beginning. Attendees were also privy to important market insights from Ray White Group chief economist Nerida Conisbee. Ms Conisbee discussed the outlook for interest rates, house and unit prices, construction costs, population growth and the housing crisis. “South east Queensland has been the most dominant state in terms of attracting people,” Ms Conisbee said. “Queensland dominates in people moving interstate, particularly from Victoria and NSW, but interestingly we have seen more people also moving from overseas. “We expect this to be a long term trend and it will drive housing demand into the future.” Ms Conisbee said house prices did start to slow down last year, with an influx of stock coming onto the market as many home owners potentially experienced mortgage fatigue from higher interest rates.

6 – February / March 2025

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