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Over 3,000 reasons for confidence

Real estate & property news
05 June 2021
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As Melbourne comes to terms with life in our latest lockdown, there are some who may have assumed that the real estate market would go into ‘hibernation’ while physical property inspections are prohibited, and real estate agent’s office doors are temporarily closed.

The reality is actually quite different. Whilst our team is working remotely at the moment, the stream of enquiries from buyers and tenants remains strong, confirming that the level of demand has not dropped off at all. If anything, we are seeing a build-up of pent-up interest that is likely to see some frantic activity as soon as this lockdown comes to an end.

Indeed, as you may have read in the media this week, the use of online auctions has not only ensured that property sales have continued in the midst of the current restrictions, but the sales results have been quite remarkable. Just last week, the REIV reported an auction clearance rate of 93 per cent on over 870 Victorian auctions. The data from indicated an almost identical 94 per cent clearance rate, whilst the Barry Plant group achieved a 95 per cent success rate on the same weekend.

These figures come hot on the heels of the quarterly sales statistics that were published in the Realestate lift-out in the Herald-Sun on Saturday June 5th, covering the entire Barry Plant network. This Update showed that our group had sold 3,055 properties in Autumn, (an average of better than 1,000 properties per month), confirming the depth of buyer activity throughout the year to date.

When you combine clear and unequivocal confirmation of ongoing buyer demand with an upcoming Winter market where history has shown that we are likely to see an even more limited supply of new listings, it seems that anyone considering selling in the bayside suburbs over the next month of two should be able to look forward to this plan with a great deal of confidence.

With this in mind, we would invite you to contact us at Barry Plant Frankston so that you can explore all your options in achieving an exceptional sales result that maximises your returns in the current market. We’re always happy to provide experienced insights and advice, so why not give us a call this week on 9781 3100.


Barry Plant Real Estate

Frankston & Cranbourne

Real estate & property news
05 June 2021
Save Article

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