Spring Update

Hello to You All,

Well Spring has well and truly sprung with a rush from both vendors and buyers wanting to be in their new homes before Christmas. Yass and Murrumbateman Real Estate have a number of quality properties that have just been listed or are about to hit the market so keep an eye on our website for your new dream home.

There has been a great deal of negative press around a falling market recently. However it was interesting to note that the recent figures show that Canberra prices have actually improved by around 4% on last year’s figures proving that both buyers and vendors in our area still have confidence in our market as a growth region.  Much of this negative data is being fed from the Sydney and Melbourne markets, both of which historically go through a boom and bust cycle, and unfortunately negative news sells more papers and gains more ratings than the positive.  With the general public remaining circumspect and continuing confidence holding prices in our region firm we should not see the dramatic price changes being experienced in the major metropolitan areas.

Property Management

The rental market is remaining very strong with a shortage of family homes leading to our team receiving ten to fifteen application for most 3-4 bedroom homes. This shortage is only going to become more dramatic as we head into Christmas and the New Year as people relocating to the area for work also enter the market.

Our office recently listed a property for sale that had been externally managed with the previous tenants. Our team were very disappointed for the vendors who had to undertake a substantial amount of work to return the property to a presentable standard due to the rough treatment of the property by the tenants. 

We are often asked about our fees and the service this covers, with some landlords choosing to pursue a cheaper option. But, I would put to you that the difference in price on the management fee is often less that the price of a coffee per week and when you see these sorts of situations you would have to agree that it is worth the difference.

Kind regards,

Michael Gray JP