With the COVID-19 restrictions easing across the country, and businesses starting to open back up there is some sense of normality returning to everyday life, as well as the real estate market. Whilst stock is still low, we are seeing an increase in listings hitting the market, as well as an increased level of buyer activity, and greater attendance at open for inspections.
An increase in open home numbers is a sign of improved confidence in the property market, according to Domain economist Trent Wiltshire.
“It’s a good indicator of buyer interest. People, even if they’re just thinking of buying, they’re starting to attend home inspections in greater numbers.”
This increase has not been limited to properties for sale, we have also experienced greater numbers of prospective tenants attending our rental open for inspections as well as an increase in rental applications.
A stand out open was 4 Byrarong Avenue, Mangerton, which has been on market for 1 week, with a staggering 44 groups inspecting the property so far. Our team is well equipped to manage the increase in numbers whilst ensuring social distancing and hygiene measures are followed.