August market update and office news!
Wow, OMG, Gosh, Gee whiz.........
Four words that I've said before and I'm saying again!
The last couple of weeks have been fairly crazy with the COVID outbreak announced within the Indooroopilly cluster, resulting in the snap lockdown which was extended to 8th August. Thankfully the lockdown was lifted which surprised a number of people, and I for one was quite happy. Trying to work full time and home-school is not an easy job, credit to the teachers. We are also very lucky to be out of lockdown when you look at what's happening interstate, keep wearing those masks and stay safe people.
The sales market continues to steam ahead with plenty of active buyers still looking to purchase and the rental market is showing noticeably less properties are being listed for rent with high demand and multiple applications being received. On our side we're seeing tenants looking to resign leases for the next 6-12months with some even asking for longer lease terms.
New COVID-19 check in regulations:
on 9th July 2021 it became mandatory for businesses to display QR codes for members of the public to check in using the QLD Check In App. We thank all of those who have been diligent with this when visiting our office and open homes.
Smoke alarm upgrades:
As you will all be aware by now, the new legislation comes into effect from January 2022. We worked hard to negotiate a great deal for our clients and I'm pleased to say the upgrades for all our managements are nearly complete. For those who opted to arrange their own upgrade, reminder the QFS can enforce fines directly to owners. Please don't get caught out, contact us to arrange your upgrade.
Sales market update:
The sales side of our business continues to show significant growth and it's the best it's ever been. Properties are selling for well over the expected price with huge competition and multiple offers being received. This is largely driven by the low interest rates and a shortage of properties on the market. One renovated property in Rocklea which we listed had over 35 groups through the first open with 9 written offers. As you could imagine, the sellers were over the moon with the result!
Since July we've sold 9 properties with 5 settlements due this month (August 2021). This month also marks our 4th Birthday and has been our best month since opening the business which is a great result.
Some recent sales:
(click on the photos below to see the property description)
16 Love Street, Holland Park (sold for $825,000)
37 Darnley Street, Rocklea (sold for $520,000)
2/17 Park Road, Yeronga (sold for $310,000)
3 Mathews St, Bethania (sold for $360,000)
What's coming to the market in the coming months:
We have some new properties coming to the market in September and October, including a large Queenslander in Fairfield and a lowset brick home in Rocklea. Keep an eye on our social pages for updates/sneak peaks. If your thinking about selling or know someone that is, please don't hesitate to pass on our details. For further information please email [email protected]