August market update and office news!

August market update and office news!

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.


Rental market update: 

The last few months we've continued to see properties renting within the first week with multiple applications giving the owner a selection of potentials. Some stats are noted below. One property in Annerley we rented for $670 ($20 more than the advertised price) and another in Fairfield was leased within 3 days with about 12 groups viewing on the first day it was advertised. There's a clear shortage of properties right now and we have four new properties coming to the rental market for the first time in September. Those properties are located in Fairfield, Highgate Hill and Stones Corner. It will be good to see how long they take to rent and the level of enquiry we receive.

During May we rented 8 properties, 5 in June and 6 in July. 


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)


16 Love Street, Holland Park 37 Darnley Street, Rocklea 2/17 Park Road, Yeronga


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] 

Office news:

Happy Birthday to us..... the 17th August marks our fourth birthday. We've achieved a lot in the last four years and we look forward to many more successful years to come. The photo opposite was taken on the 17th August 2017, I (Nick) was rather excited and nervous with what was ahead. Fast forward four years and we now have 5 staff members, over 140 managements and we are selling 20 plus properties a year. I literally have to pinch myself sometimes, thank you to everyone (clients/tenants) and those who have helped since day one. 

In other office news, we welcomed Yaneth Avila to the team in July, Yaneth is covering maternity leave for Rachael Savage. Rachael's baby is due any day, all the best Rachael. Cameron Money also recently finished his Real Estate Certificate and has applied for his licence, Cam's eager to help Rohit Koshe with leasing of rental properties once the licence comes in.  We're also hiring for a new Property Manager to help with the expanding Property Management side, if you know anyone please pass on our details.  










Day one - opening the office 17th August 2017




Welcome to the team Yaneth

Until next time, stay safe and be sure to follow us on social media - links noted below.




Want to find out how much your property is worth?

Get A Free Property Appraisal