Meriton has a strong start to 2025

Founder and Managing Director of Meriton, Harry Triguboff, says he has never seen such a strong start to the year, both in sales and leasing.

“I expected the market this year to be solid and consistent but we have had unprecedented buyer numbers through our sales suites since they re-opened on Monday, after the holiday break,” Mr Triguboff says.

“It is only Wednesday and we have already leased 120 apartments this week.

“It was very unexpected the year would start this way and I am very happy to see such strong activity.

“In Sydney we have had a lot of interest in all our projects and in Surfers Paradise, which is beautiful this time of the year, we have many vying for our larger apartments in the best positions, with the very best views.

One of Meriton’s towers at Cypress Palms on the Gold Coast will be the tallest building in Queensland and the position and views are second to none.  Completion will be in 2027 but if you are in the position to buy, those who purchase today could benefit from huge market value increases.

“I am hearing a lot of talk about a potential drop in interest rates when the Reserve Bank next meets on 18 February, 2025.

“I would love to see that happen because it is long overdue. We will have a better idea when the unemployment rate for December is out on 16 January and a better idea later in the month when the December quarter inflation data is out on 29 January.

“What concerns me the most is that we will lose our essential workers to other states because of low production and high interest rates.

“The people we need most in times of crisis are working double-shifts to pay their mortgages, some even taking a second job.

“It is time they had some relief,” he said.