Chat with us, powered by LiveChatContinuing to break records

Continuing to break records

With the Reserve Bank of Australia announcing consecutive interest rate rises in the latter part of 2009 and early 2010, you would be forgiven for assuming the real estate market would flatten. Figures for the month of June from Victoria’s strongest real estate franchise organisation, The Barry Plant Group suggest otherwise.

The group has just recorded their 18th record month in a row with sixteen offices reporting their best June ever.

These sorts of figures put to rest the common misconception that winter is a bad time to sell property.

“With our expansive spread of offices across metropolitan Melbourne, the Mornington and Bellarine Peninsula’s as well as Queensland, the Barry Plant Group is often used as a barometer to measure how the wider real estate market is travelling”, Group Director and CEO Mike McCarthy said.

“The overall market is strong with solid results being reported. Auction clearance rates are down from earlier in the year suggesting buyer behaviour is still leaning on the conservative side with possible further interest rate rises still on purchaser’s minds. While a greater number of properties are being passed in, good buyer activity prior to and after auction has still meant solid competition. The past few weeks has seen steady clearance rates showing a continuing level of consumer confidence.”

The Barry Plant Group holds a firm belief that it is the local knowledge and expertise of each of their offices and consultants that has achieved such strong results for their customers. Through extensive training sessions and continued professional development, agents are kept up to date with the latest information and market trends.