Ann: Trading Update, page-17

Interesting reading all the comments made after this trading update. I am wondering if CY 2022 will actually be a better year than CY 2021. if you consider the volumes in residential real estate transactions have only recently come up to par vs 5yr ave one could say that the property market price gains over past year were due to low stock levels as well as other factors (interest rates, household savings, etc). so now stock levels have rapidly increased the price gains may stop but if MEA can hold mkt share from a transaction perspective and average prices in their key market (nsw) are up 25-30% then 2022 should look good even if property prices stall simply on the basis of traction volumes being at 5yr average and values being up vs 5yr average.