March Market Wrap

Welcome to you all,

As you all saw in our last blog the Matterport technology is quite amazing. We have received great feedback since launching our first listing using this technology and plan to increase its use in the future. With smart phones and Ipads, the need for customers to visit real estate offices is rapidly decreasing. Agency window displays yield very little enquiry anymore. It is for this reason that we continue to make sure we are at the fore front of online marketing for your home, ensuring buyers can access quality photo’s, floor plans, Matterport floor plan/ virtual tours and even video which we have brought back into use over recent months with great success. We continue to upgrade our website and will have a new listing alert up and running shortly. 

Market Wrap

Despite an early Easter this year March has still been positive for us with $4 Million worth of property going under offer for March.

The volume of enquiry leading up to Easter has been down however the buyers we are getting are making offers so the majority of those looking are serious. We have noted that homes that have been on the market for a while are also selling leaving listing stock reduced. I suspect with the hot weather vendors looking to sell have held off listing their homes until April however time will tell.

Finance 

Purchasing a home is one of the largest and most important decisions you may make. It is important to ensure that this investment is adequately protected, as you obtain an equitable interest in the property at exchange. 

How can you protect your investment before the sale of the property settles? You can talk to Fiona Milligan from ACT Finance Solutions who can discuss a 90 day FREE building cover so you are protected from exchange to settlement. 

Provided by,

Property Management

There is new legislation coming into effect from 29th April this year relating to swimming pools.  While this legislation relates to every swimming pool in a residential property it is important to understand your obligations as a landlord if you own an investment property with a pool. 

The legislation now requires where there is a new tenancy (or a renewed lease with an existing tenant) for a property with a swimming pool or spa pool, the landlord must ensure the pool is registered on the NSW Swimming Pool Register and have a current Pool Compliance Certificate from the local council, both of which must be attached to the new lease.

 

Kind regards,

Michael Gray JP

Principal