Spring market update & office news

31 August, 2020
Posted By: Nick Kruger

Winter has come to an end and spring is finally here....

Over the last few months we've seen the property market continue to show some great results and a huge increase in the number of properties selling off-market.

We've also been lucky in QLD with the containment of COVID-19, another month has passed with the borders remaining closed. However we're not entirely out of the woods with 1 new active case as of today. If we continue to follow social distancing regulations, wear masks and sanitise/ self isolate if we're feeling unwell we should be ok. There's also new safety regulations in place with 10 people permitted at an open home at one time.

Sales market update:

On our side we've seen some great results but in general it's been quite busy for all. There's a lot of activity in the air, buyers are flooding the market looking to purchase, interest rates are still low and now with spring upon us we'll know doubt see a lot more selling and properties hitting the market.

Some recent sales:

(click on the photos below to see the property description)

34 Brisbane Corso, Fairfield (sold for $790,000)

6 Rowton St, Holland Park (sold off-market for $690,000)

53 Pavo St, Camp Hill (sold for $650,000)

Off-market sale - 6 Rowton Street, Holland Park

What's coming to the market in the coming months:

Sunnybank house: (647m2 land size) huge 5 bedroom, 3 bath home with 3.2m high ceilings, multiple living areas and zoned ducted air conditioning and much more. Located close to schools, shops and hospital.

West End house: (405m2) split Queenslander with 2 bedroom, 1 bath upstairs and a self contained granny flat underneath. Currently tenanted and returning $630pw.

Loganlea house: (692m2) tidy lowset brick 4 bedroom home with 2 bathroom. Currently tenanted returning $420pw.

Woolloongabba apartment: large two bedroom apartment with third bedroom/sunroom with amazing city views on O'keefe St. Building facilities include roof top swimming pools, multiple BBQ zones and sauna.

For further information on any of the above please email [email protected]

Rental market update:

On the whole the rental market has been quite good with the majority of our properties renting within the first 2 weeks of advertising. Our office rented 8 during July and 7 during August. As we get closer to Christmas the market does tend to slow due to people taking holiday's but this year might be different with COVID-19 and travel restrictions.

Office news:

The office is growing and In August we welcomed Karissa Hodge to the team. Karissa is excited to learn about the real estate industry, has impeccable customer service which is important in her role as the front receptionist and ensures that the day to day running of the company remains smooth.

In other news, we'd like to congratulate Rachael on recently attaining her Real Estate Licence. It's the next natural step in her real estate career after spending 2 & half years learning the ropes. Rachael has been seconded into the Property Management team but will also be assisting Nick with Sales administration.

We're excited with the next few months ahead and with interest rates still at an all time low and a large volume of buyers actively looking we're expecting a busy Spring market.

Stay safe and keep smiling, we've got this!