Strong Stock Market, Strong $AUD, Lower Oil Prices = Strong Property Sales

Harry Triguboff, founder and managing director of Australia’s leading property development company, Meriton, says the current property market is not one he has seen before in over 60 years in the industry.

“There are known components involved when it comes to making a decision in regards buying property,” Mr Triguboff said.

“A number of those components don’t align at the moment, yet we are still selling.

“The .25% increase in interest rates by the RBA caused some pre-announcement jitters but post-announcement there was no hesitation from buyers and we exchanged on more apartments than we had in any of the previous four weeks.

“We sold out at another development at Pagewood this week. Rivera is the fourth development to be sold out this year. The most expensive townhouse sold for $3.75 million, breaking the suburb record by $550,000.

“While some buyers wanted to get past the pain of the latest interest rate hike before committing, others were buoyed by the strong share market, a stronger Australian dollar and falling oil prices. The combination of those three would normally suggest it is a very good time to buy property and you would not normally see increased interest rates at the same time,” he said.

As of early May 2026, the Australian and US share markets are experiencing a period of significant strength. The S&P500/ASX200 has continued its rally, breaking records and rising over 8% in the past year, as of May 8, 2026.

“On-site inspections are still very good, indicating strong demand and sales are up 40% compared to the same time last year Jan – April,” Mr Triguboff said.

“Our sales team have been keeping up with the current trends and share that information with our buyers allowing them to make a confident and informed decision.

“I think that is why sales are still so strong, and will remain that way.”