The road ahead for the Melbourne market

This weekend’s release of the Victorian Government’s ‘Road Map’ seems to have done two things. Yes, it’s given us an outline of the path ahead as we all try to emerge from a very confusing and stressful six months. But it has also confirmed that we are still a fair way off a time when buying and selling a property will return to the ‘normal’ conditions like being able to participate in activities like physical property inspections, (let alone open houses or public auctions.

With this in mind, it seems that computer screens and digital technology are going to continue to play a key role in the process, in the first part of the Spring market at least. However, if you think that this means almost no activity in the property market in the northern corridor, think again.

Consider these facts:

  • During August, when Stage 4 restrictions were very firmly in place, our team at Barry Plant Thomastown was still able to successfully negotiate property sales for our vendors.
  • In fact, in the past two weeks alone, the Barry Plant group has sold 185 properties. That’s a total of 370 Victorians who have been able to achieve their goals with our assistance, despite the social isolation regulations.
  • During the same two weeks, our group assisted close to 500 families to complete their scheduled property settlements, despite our office doors being temporarily closed.
  • Perhaps the best news of all for anyone hoping to buy their next home in the near future is that during the past two weeks, our network has completed 728 detailed Virtual Appraisals for property owners, enabling them to plan their next move with clarity and confidence!

The volume of virtual property appraisals is a good sign that we could see some impressive new listings hitting the market in a variety of price ranges in the days ahead…that’s great news for buyers in our area.

The important thing to keep in mind is that, with some lockdown restrictions likely to be around for some time to come, many of these vendors may decide to choose an off-market sales campaign rather than promoting their properties across all of the real estate portals. So make sure you have registered all of your details and your ‘wish list’ of property features with one of our team. This will help you to avoid missing out when your dream home does become available.

Of course, if you are considering making a move and would like to take advantage of our virtual property appraisal service, don’t hesitate to give us a call this week on 9466 3233, or you can contact me directly on 0418 331 741.

Regards,

Con Constantinou

Barry Plant Thomastown