Your Property News March 2021

As we went into COVID lock down last year, one of the predictions was that we would come out of our homes having made a few life changing decisions. Potentially one of the decisions was how and where we would like to live and whether where we lived, was right for us.

Fast forward to January 2021 and many are acting on their decision making – their home wasn’t what they needed and it is time to change.

Since mid-January we have seen a strong, and some say unprecedented, demand by buyers for a new home. It doesn’t matter if it’s up-sizing, downsizing or relocating, buyers have been out in force and ready to buy. Buyers from interstate are approx. 30% of the group however they are predominantly expats returning home.

To demonstrate the intensity of our market, let’s look at three of our recent sales.

67 Gellibrand Street, Clayfield

Launched 21 January
6,676 property views on realestate.com.au
60 email enquiries
54 inspections
5 offers to purchase
21 days on market

8 McIntyre Street, Hendra

Launched 29 January
6,839 property views on realestate.com.au
46 email enquiries
90 inspections
4 offers to purchase
21 days on market

1/34 Wooloowin Avenue, Wooloowin

Launched 17 February
2,446 property views on realestate.com.au
70 email enquiries
30 inspections
6 offers to purchase
5 days on market

In addition, we are receiving multiple phone calls from buyers seeking assistance with their property purchase – what do we have coming onto the market in the coming weeks?

Supply is still very tight. Demand is still very strong.

Will we see this slowly change over in the coming weeks? All indications are saying no. Some have reported that what we are experiencing now, will last for 6 – 9 months.

So, if you have made a decision that it’s time to move, we would love to partner with you to achieve a premium price for your current home. We would also love to work with you to find your next home. Our door is always open – You are our focus

Regards
Amanda
0438 767 439