Despite a predicted downturn in the property market due to COVID-19 shutdowns, results of sales in Melbourne have held somewhat stronger than expected over the last weeks. The REIV reported clearance rates at 76% with 156 Auctions up 41 this time last year.
Realestate.com reported that Australians were keeping a keen interest in property. Their reports showed that there has been an increase of activity over the past week and the Buy and Rent sections activity have been considerably higher than it was a year ago (up 37 per cent).
This is good news for those who have their property on the market currently or are looking to put their property on the market soon.
From our own sales results at Home Moving Planners, we have had a 100% success rate on properties selling during the COVID-19 Pandemic. 70% of these properties selling earlier than a standard 4 week sale campaign (sold prior to their original auction date/sale by set date). One property in Chelsea (see below) sold after on day on the market.
With the housing market essentially moving online, your properties real estates photos have to stand out from the crowd. You only have a mere few seconds to catch a buyers attention and now more than ever your property needs to present its best. Vendors cant rely simply on houses selling themselves, large open inspections, or rely on land value anymore. As buyers need to now make private inspections to view your property, they really need to be interested from the online photos to make the effort to see the property in person.
Property styling is the cheapest and best way to make your property stand out online.
1/64 Coventry Street, Southbank sold after two weeks on the market
90 Nicholson, Coburg street under offer after only a week on the market.
12 Arnold Drive, Chelsea sold after one day on the market.
13 Beresford Road, Lilydale sold after two weeks on the market.