Archive

Archive for May, 2020

Market Update | 26 May 2020

As restrictions ease across Victoria, up to 20 people will be allowed at on-site auctions and open for inspections from Monday 1stJune, with the spread of COVID-19 remaining low.
In an official statement from Premier, Daniel Andrews, ‘auctions and open for inspections will be subject to the 20 person limit, plus those required to conduct the activity, with agents also required to keep the contact details of everyone who attends.’

According to Domain, the Real Estate Institute of Victoria [REIV] has welcomed the news, with president Leah Calnan telling Domain it was a ‘very positive’ step forward for the industry.

The news comes as the Residential Property Price Index has revealed that Victoria’s property market has held its ground during the COVID-19 pandemic, showing that residential prices are still stronger than the same period last year.

‘Prices are higher than they were 12 months ago. There are many predictions circling about real estate and the economy in general, but looking at what the actual data tells us, the Victorian market is weathering the storm quite well. With the return of public auctions and easing of some restrictions, we expect the market to soon start gaining the momentum it lost due to the pandemic, said Ms Calnan.

Results. It’s a Fletchers thing.
#news #realestate #resultsitsafleetchersthing

Categories: Uncategorized

15 Harrison Street, Box Hill North

I’m thrilled to be joined by our vendor Kathy, to chat about her home at 15 Harrison Street in Box Hill North.

They have made several improvements in the home, which is a showcase of vogue styling and sun-filled comfort. Fully renovated, it offers 4 bedrooms and 2 bathrooms and is an outstanding entertainer that offers the utmost in relaxation. The lounge is a quiet retreat that contrasts the vast open-plan dining and family room. Flaunting an exceptional indoor/outdoor design perfect for successful year-round entertaining, double tri-slide doors retract to seamlessly connect the living zone with the semi-enclosed alfresco equipped with heat strips, blinds and an outdoor kitchen with rangehood. While your guests socialise, the Smeg kitchen with impressive butler’s pantry is ready to deliver the finest cuisine.

To explore the property and view the statement of information, please contact me on 0403 020 404 or visit the website: bit.ly/15HarrisonStBoxHillNorth

Categories: Listings

Market Update | 18 May 2020

MARKET UPDATE 🏘
 
Operating within the new guidelines provided by the Victorian Government, the real estate industry is pleased to resume on-site auctions and open for inspections with restrictions being eased across the state. Limited to a maximum number of 10 members of the public, plus the minimum amount of people required to facilitate the process, both on-site auctions and open for inspections will require visitors to adhere to strict social distancing requirements of 1 person per 4 square metres.
 
According to Domain, ‘Victoria has now joined NSW, Western Australia, Queensland and South Australia in announcing the easing of auction bans,’ with agents having ‘welcomed the news’.
 
Real Estate Institute of Victoria [REIV] President, Leah Calnan said the industry is prepared to take the measures necessary to assist with a safe return to business. ‘The real estate sector has adapted extremely well during this pandemic, while restrictions are being lifted, the threat of coronavirus remains and it is imperative that we continue to run auctions safely and responsibility.’
 
The Fletchers team continues to take the appropriate measures to minimise these risks as we remain committed to securing the best results for our clients while providing quality service to those within the community.
 
My team and I recently sold 2 Belle Vue Road in Balwyn North as an online auction – very pleased for our vendor who was thrilled with the result!
 
Results. It’s a Fletchers thing.
Categories: Auction Wrap

Market Update | 11 May 2020

After much anticipation, last Friday saw the Federal government officially reveal its roadmap for getting us back to a COVID safe Australia, with hopes to see life returning to normal by the end of July.

The three stage plan, outlining a gradual easing of social distancing restrictions, will see each state and territory implement the steps at their own pace. Victorian Premier, Dan Andrews has made his first announcement in relation to this earlier today, which will allow up to 5 people to visit your home from midnight tomorrow.

Officially, Victoria’s State of Emergency has been extended until 31st May, with Mr Andrews encouraging Victorians to work from home over the next three weeks if they can.

‘I don’t want to see that change in the next three weeks. The fact that we’re going to have literally hundreds of thousands of people visiting family and friends, that’s a big step and a lot of movement that wasn’t happening. We have to be careful not to do too much, too soon’.

Victoria’s Chief Medical Officer, Brett Sutton, has also said that handshakes and hugs are still not recommended at this time.

The gradual reopening of the economy will mean that funerals, weddings, church gatherings and auctions will be able to have more people in attendance than previously allowed. The REIV is currently waiting on direction from the Victorian Government on resuming public auctions and open for inspections.

‘Sales and rental open for inspections and public auctions can safely operate with crowd restrictions, social distancing and other measures. With the flattening of the curve, it is time to ease the restrictions on the real estate industry and help kick start the stimulus for our state’s economy,’ Real Estate Institute of Victoria [REIV] President, Leah Calnan, has said.

The real estate sector currently employs thousands of Victorians, with property transactions contributing over 45% to Victoria’s taxation revenue.

Categories: Auction Wrap

Nurture Leads & Inspire Confidence

The business of real estate touches two sides of human nature. On one hand, buying and selling a home is emotional, and on the other it’s a decision grounded in facts and figures.

Now, more than ever, those facts and figures are critical to agents and their clients, winning the listing, informing authoritative discussions with sellers and buyers, and securing the next sale.

Domain is supporting agents’ digital transformation, now and in the future, by making its Platinum-exclusive data and analytics – Market Insights and Market Trends – available to every customer for a limited time.

And as agents look ahead and nurture ongoing relationships with potential buyers and sellers, to ensure a vibrant business after COVID-19, Market Trends and Market Insights are an essential to fostering those leads.

This unique Domain data helps agents to stay across suburb-level market movements, building trust through insightful, well-informed conversations, and positioning themselves as the agent of choice for when a vendor is ready to list.

Harcourts Solutions group director Brendan Whipp knows the power of Domain’s insights well.

His Brisbane-based team has been using fast-tracked data and analytics from Domain’s Market Insights and, more recently, the newly launched suite of Market Trends to inspire confidence among buyers and sellers in an evolving COVID-19 market.

He said agents generally had access to data that was quarterly, broad and based on state or city level stats, but that didn’t help to isolate the specifics that apply to individual clients.

However, the timely data and analysis provided by Market Insights and Market Trends do just that – they are precise to a property, and an area, so conversations and campaigns are more bespoke and incisive.

“The good thing about Market Insights and Trends is that it is more relevant to the actual client they are sitting in front of,” Whipps said of his agents.

“They have the ability to drill down suburb by suburb, and the data is timely – the past seven days, or 14 days. When you break it down, it becomes a relevant conversation with vendors and buyers.

“There is an appetite for what is happening right now.

“We transact circa 600 to 800 sales a year, so we have our finger on the pulse and we come with the credibility to say ‘this is what we are seeing within our business’, but when you can also say ‘this is what is happening in your suburb’, coupled with the strength of our team, it is certainly very powerful.”

Fletchers auctioneer and director Tim Heavyside, based in Melbourne’s eastern suburbs, said sharing Domain’s sharp insights with buyers, in particular, motivated them to move forward and ink the contract.

Domain’s up-to-the-minute, tailored data provides the foundation that reassures buyers of a property’s value and appeal.

“It is information which is very important,” Heavyside said.

“You might be explaining statistics to a buyer to give them the confidence to act. A lot of the time they need reassurance that they are making a good decision, and not paying too much.”

Market Insights, and the new Market Trends, are accessible to Domain Platinum, Gold, Silver, Branded and Basic customers from April 30 to August 31, 2020.

Domain Market Insights helps agents shape an astute campaign based on property-specific market dynamics and analytics.

Agents can view supply and demand trends, estimates of property values (including rental prices and yields), compare sales strategies, time-on-market performance, and explore breakdowns of the postcodes potential buyers are coming from.

Market Trends provides insider knowledge on suburbs and surrounding areas, positioning agents as the agent of choice in their market.

Customers can explore data around supply and demand (revealing current supply, competition and new listing trends in a specific suburb and surrounding area), potential interest (higher-intent activity such as requesting a contract, inspection, or phone and email inquiries), and Homepass Check-ins (to monitor and track property seeker interest, now and after COVID-19).

Domain’s property-specific Market Insights were released earlier this year, followed by Market Trends in late April, and the Domain Group Director, Commercial, Tony Blamey said last month the Insights series would be added to.

The suite will be expanded to include professional performance insights, to assist agency directors and principals to attract, retain and mentor talent based on results.

To find out more, go to: agent.domain.com.au/domain-insights/

Written by Emily Power.

Categories: Real Estate Services

Market Update | 2 & 3 May

MARKET UPDATE 🏘
 
The latest sales results across the state have seen the volume of private sales surpass the total volume of auctions over the weekend, with figures sitting at $168 million and $49 million, respectively.
 
As Melburnians edge closer to the possibility of relaxed social distancing restrictions, many have wondered how society will operate in a post COVID-19 environment. Following weeks of isolation which saw fewer cars of the roads and a dramatic increase in people working remotely, the question we ask ourselves is what happens when we emerge from our homes and resume the daily commute?
In an exclusive interview with Domain, RMIT Urban Researcher, Thami Croeser, has used census data to help identify that 97% of Melburnians live within walking or cycling distance of a shopping strip, suggesting that our suburbs could be used as mini business hubs or co-working spaces.
‘There’s this real opportunity to make things better after COVID in terms of how we get around. This way, more people could walk or cycle to work, taking traffic off roads and negating the need for public transport.’
 
Results. It’s a Fletchers thing.
Categories: Auction Wrap