Working With Lockdown for Continued Success.

Reaching our first full month of lockdown restrictions has shown us that serious buyers are here to stay. We continue to unite buyers and properties through private appointments, to keep transactions moving.

We sold 15 properties totalling $35M over July, four of which were off market deals.

Our stand out sales this month were:

• 21 Moala Street, Concord West  sold for circa mid $3M
• 25 Myall Street, Concord sold for $2.585M
• 197 Lilyfield Road, Lilyfield sold for $1.825M

What we observed in July was demand continuing  to outstrip supply  as some vendors step back. Our advice? Don’t delay, get to market while supply is reduced. Our results in the current market prove the property environment remains ideal for anyone considering selling right now. We haven't experienced this level of buyer enquiry in a very long time.

As we have been in a lockdown before, what we’re likely to see is another surge of oversupply once the lockdown period ends, just as we observed last year. 

So, to place potential sellers in the best position to get ahead of this resurgence, we’ve launched a new and completely complimentary  ‘Coming Soon’ service for those thinking of selling.  It provides exclusive and tailored exposure,  without committing to a sale, accumulating actual days on market, or paying any fees. Contact us today to find out more.

DIB CHIDIAC in the media this month

Did you catch us on Sky News this week? Discussing just how our housing market is showing no signs of slowing down is our very own Olivia Bekiaris. 

The segment also discusses how our virtual auctions are proving to be a great success, with some auctions brought forward and achieving outstanding results for vendors. 

Domain also published an article on the success of our online auction for this Lilyfield home, selling for the first time in 70 years, and reaching $375,000 above reserve in a competitive online auction.

Auction clearance rates

With Sydney coming into its sixth week of restrictions, auction clearance rates remain in the mid 70% figures, demonstrating the depth of buyer confidence and activity during this second time around lockdown period.

Online auctions have evolved into an effective selling method, a platform we’ve embraced and expect to stay for the longer term.

Buyer sentiment

New national research by Finder demonstrates that despite median price increases, almost 3 million Australians are planning to purchase a property in the next six months.

The survey showed 7% of Australians are looking to buy an investment, while 7% plan to be owner occupiers. 27% of Australians said yes to buying in the next six months, if they were financially positioned to purchase.

This sentiment is led by millennials, with 1 in 4 in the market for a new home or investment (27%).