As we mentioned in LAST WEEK'S POST, demand had been building up among homebuyers for several months, so the phones started ringing the moment Dan Andrews announced the slight easing in restrictions and they haven’t stopped since.
As you may have seen in an article in Saturday’s Herald-Sun (pictured), the analysts at realestate.com.au have reported that the biggest weekly increase in “high intent buyer activity” on their website that they had seen in over 18 months, with activity levels up by 24.5% during the first week of inspections.
These numbers are backed up internal tracking numbers that our own Barry Plant network has recorded. In fact, following the easing of restrictions on September 28th in metropolitan Melbourne, our group sold or settled more than 250 properties in the space of a week as buyers frustrated buyers rushed to complete their purchases. At a local level, for the second week in a row our team has undertaken over 100 property inspections with buyers.
The key message for anyone considering selling in the City of Casey is that the buyers are keen to buy and there is a shortage of available property for them to choose from…but this is not a situation that leaves you a great deal of time to consider your options. The fact is that there are probably only 8 or 9 weekends left in the year before people will start focusing on Christmas shopping, (assuming the shops are open by then), and family get togethers, (assuming we’re allowed to do that too).
It’s fair to say that there will probably be quite a few local homeowners who will leave their run too late, and find themselves saying “if only” as they wait for the market to find its feet again in the new year. So if you don’t want to be among them, give our team at Barry Plant Plant Cranbourne a call this week on 5990 9400, and we can get the wheels in motion for you within a matter of days.
We look forward to being of assistance.
Barry Plant Real Estate
Cranbourne & Frankston