22 May Covid-19- What does easing restrictions mean for Real Estate and the Market ?
Slowly but surely we are returning to a life with less restrictions as we move through the three phases of easing restrictions in QLD, but what does this mean for Real Estate and the Market?
What affect has the restrictions had on the Market?
Despite the fears and restrictions caused by Covid-19, Astute has readily leased 91% of vacant properties within 8 days of advertising at asking price. Most recently both the REIQ and Corelogic have also reported positive momentum for the QLD Real Estate market.
The REIQ has recently reported that the QLD market has “weathered the storm” and remain relatively stable across QLD, with “rental vacancy rates are tight and healthy across a large part of the State, ” and sales prices are continuing to rise with auction numbers “now on the upswing.”
In the latest quarterly report Corelogic has also reported the following stats for Brisbane.
- Brisbane dwelling values increased by 0.3% in April
- Dwelling values increased 1.5% in the quarter
- Brisbane dwelling values are up by 3.8% in the past year
- Brisbane dwelling values are currently at a record high
How can we help you?
Communication and service is our priority! Our office is open, and able to be contacted via phone, email, in person or via zoom. We are here to answer all your questions and are proactively working with Landlords and Tenants alike to ensure they are receiving regular updates and assistance to make informed decisions based on fact.
How has restrictions affected the way we advertise, market, lease and sell properties?
If you are in search of a place to call home or thinking about leasing or selling your property, we are here to help!
Inspections are readily available in keeping with legislative changes, at present an open inspection is possible for a total of 5 people in a property at once.
Marketing has never been so effective, with many properties being featured by video virtual tours, 3D virtual tours, as well as Professional photography, enabling those searching for their next home to view the property from the comfort of their own home.
Pre-Approved Tenancy has saved our Landlords Time, Money and Stress, this has been made possible via our on line viewings and application process. Prior to advertising on real estate portals we proactively explore our active tenancy database, matching quality potential tenants with properties, in many cases resulting in reduced vacancy time with our average vacancy period being 8 days.
We are here to help whether your questions are regarding the local market, one of our properties, your own home or any Real Estate advice as we want to ensure you are able to make informed decisions based on fact no matter how big or small your question or concern is!