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In some positive news last week we found out that private inspections will be allowed at vacant properties once Victoria gets to the 70% vaccination threshold, which they initially forecast for the 23rd September but it might even happen a few days earlier. We still don’t have clarity around occupied properties but a reasonable assumption […]Read more “What Will the Spring Market Hold?”
It turns out not even six lockdowns (now over 200 days) can hinder the roaring real estate market of Melbourne. In fact, it feels like these lockdowns are spurring things on by creating bottlenecks in an already tight supply environment and thereby compounding the demand pressure and buyer urgency that has been the undercurrent since […]Read more “Seven Sales in the first Six Days of Lockdown 6.0”
Real estate is like any other market for goods or commodities – when demand outstrips supply prices go up. When Cyclone Yasi devastated 75% of the north Queensland banana crop in 2011 banana prices rocketed to $15 a kilo. Bananarama smoothies were struck from café menus Australia wide and carrot cake sales eclipsed banana bread […]Read more “It All Comes Back to Price”
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