Updated: Dec 4, 2020
Summer is officially here and boy hasn't it been hot.... it's days like that you just want to be under the air conditioning all day or in the swimming pool. It's also hard to believe that we're just 23 days away from Christmas!
The last few months we've continued to see the property market continue to show some great results, with the third rate cut and the extension of the highly popular home builder scheme which has been extended until March 31st 2021.
The home builder scheme was initially devised as a COVID-19 response, providing $25,000 grants to eligible people building a new home or renovating an existing one. The scheme had been due to expire at the end of the year but announced the stimulus package would be extended to March 31st at the lower rate of $15,000.
Rental market update:
The rental market has been slow over the last few months and the latest vacancy data issued by the Real Estate Institute of Queensland, noted 100 per cent of the state's regions have experienced a drop in vacancies with 96 per cent falling below 2.5 per cent. On our side we have been dropping rents by $10-$20 to get properties rented/meet the market of other lower priced properties. During September we rented 3 (much lower on the year prior), 5 during October and 10 during November which was great to see. As we get closer to Christmas the market tends to slow however this year might be different with COVID-19 overseas travel restrictions.
Sales market update: Our sales have continued much the way it did last quarter with 6 new sales for the office (some recent noted below). We'll no doubt see more listings coming to market for the start of 2021 and hopefully more investor activity with the rate cuts last month. The Australian Bureau of statistics noted the economy grew 3.3 per cent in the September quarter which is great to see.
Some recent sales: (click on the photos below to see the property description)
42 Freney St, Rocklea (sold for $465,000)
48 Victoria St, Fairfield (sold for $475,000)
70 Haig Rd, Loganlea (sold for $405,000)
46 Bale St, Rocklea (sold for $395,000)
New to the market:
Fairfield apartment: 3 bed, 2 bath with a single garage. Located a stones throw from Fairfield Gardens shopping mall and great views over the local park.
What's coming to the market in the coming months:
Yeronga unit: 1 bedroom, 1 bath unit with a huge private courtyard (exclusive use). Currently tenanted (periodic lease) at $295 per week.
West End apartment: Near new 1 bedroom, 1 bath apartment with awesome river views and resort style complex - Swimming pools, Cinema and Gym facilities. Currently tenanted until May 2021 and returning $385 per week.
Fairfield unit: 2 bedroom, 1 bath unit located on the ground floor with onsite swimming pool facilities. Located close to Fairfield Gardens and Fairfield train station.
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 firstname.lastname@example.org
During late October and November we saw a number of storm warnings, with a big thunderstorm hitting South-East Queensland on 31st October. It left 95,000 homes without power and a huge number with tennis ball sized hail damaging roofs/cars etc. As an office we contacted all our tenants in areas of concern and a small handful had some minor damage. We know that your property is your greatest asset and one we take very seriously during any event like the one mentioned above. Our emergency after hours phone number is (07) 32552668.
The office is excited to see what 2021 unfolds and albeit 2020 has been a year that most of us would like to forget about it's been a year of growing and pulling together that's helped us. We hired some new staff and things are going great. Hopefully we'll continue to expand and new faces will join the company in 2021.
Christmas time / days we're closed:
It's starting to feel a lot like Christmas around the office - we're just 23 days away. The team spent the morning decorating the office (photo below) and we're looking forward to Christmas day..... who knows SANTA might even make an appearance 🎅🏻. It's been a big year and we'd like to thank everyone for their support during 2020. Our Elves have some special cargo being distributed in the YOURHAVEN sleighs for all tenants and owners before the big day, keep an eye on the skies and make sure you put out some milk and cookies 😀.
Our office hours over the festive period are noted below.
Thursday 24th December - Half day 9-12pm
Friday 25th December - CLOSED
Saturday 26th December - CLOSED
Monday 28th December - CLOSED
Tuesday 29th December - Half day 9-12pm
Wednesday 30th December - Half day 9-12pm
Thursday 31st December - Half day 9-12pm
Friday 1st January - CLOSED
Saturday 2nd January - CLOSED
Monday 4th January - CLOSED