A week is a long time in real estate

They say that “a week is a long time in politics”, but the past week has seen some remarkable changes in the property market in Melbourne’s north, and to a large degree this was due to some frantic activity on the political front.

This time last week we were trying to get our heads around the rather misguided announcement from the State Government that all inspections of property that was being lived in, whether you were a buyer or a prospective tenant, has been banned as part of our social isolation rules. In effect, you weren’t allowed to take a look at a potential home before you committed to buying or renting it. As you can imagine, a lot of people around Melbourne were suffering heartburn as they tried to enjoy their hot cross buns on Good Friday!

Fortunately, by Easter Monday, that decision had been reversed, so buyers and tenants could go back to inspecting properties where other people lived. The rules on limiting inspections to one-on-one inspections, and the guidelines on protecting people’s health, are now clearly understood, and the good news for anyone planning on making a move at the moment is that properties are selling and being leased despite the overall restrictions on people’s movements.

One example of this was the sale of the four-bedroom home pictured above. No.3 Ethel Avenue in Lalor is a home that made an immediate impact on buyers when it hit the market a few short weeks ago. Being within walking distance of schools, shops and the railway station, this flexible family home had plenty of appeal for those looking for a convenient lifestyle. The Tasmanian Oak kitchen and good-sized outdoor entertaining area also attracted positive feedback, so it was no surprise to see a very satisfying mid-week sale completed.

Results like this are further proof that with a carefully planned marketing strategy and the right advice, a good sale could be just a phone call away…particularly when there are so many qualified buyers still anxiously awaiting more property to hit the market.

If you are considering making a move, don’t hesitate to give us a call at Barry Plant Thomastown on 9466 3233 for experienced advice that really can make a difference to your result.

Regards,

Con Constantinou

Barry Plant Thomastown