On Thursday 24 October, Fortis hosted over 60 high-net-worth and family office clients to, an ‘Economic & Luxury Property Update’, co-hosted with NAB Private Wealth at Pallas House. Guests enjoyed a sophisticated evening of cocktails and canapés prepared by Neil Perry’s team from Margaret.
The evening provided a valuable networking opportunity for individuals with shared interests in Sydney’s premium property market. The event featured an insightful panel discussion led by Linda Hopwood, Private Client Director at NAB Private Wealth. The panel included industry experts Andrew Parkinson, Director at Pontons; Tapas Strickland, Head of Market Economics at NAB; and Cloudia Ingall, Head of Design and Strategy at Fortis. Each speaker shared valuable perspectives on interest rates, inflation, housing demand, and current market trends shaping the real estate landscape in Sydney’s east.
Key insights from the panel:
- Tapas Strickland outlined the economic forecast for the next 6-12 months, including the potential for interest rate cuts early next year and their implications on housing demand. He shared insights into factors considered by the Reserve Bank in rate decisions and their effects on the high-income, mass affluent market.
- Andrew Parkinson provided an economic outlook and compared the value dynamics between luxury off-the-plan apartments and houses. He highlighted rising values in top-tier apartments and projected trends for the next 5-10 years.
- Cloudia Ingall discussed the primary motivations driving Fortis’ core demographic of downsizers, highlighting what appeals most to these buyers. She emphasized Fortis’ ongoing growth and the significant role that placemaking has played in the success of its developments.
The evening offered an engaging platform for discussing trends in Sydney’s premium property market while providing an exclusive economic and property update for our valued clients.
