Welcome to The Buzz June Issue 2020
Embracing the digital revolution
The COVID -19 real estate experience has been the embracing of digital property marketing:
- On-line auctions and open for inspections
- virtual inspections and tours
- social media promotion
- property video
- zoom meetings with buyers
Even though these tools have been available for some years, their uptake by buyers and sellers has been somewhat reluctant.
The future is here
However, in recent months this has all changed. As a result, viewers at digital open inspections have, in some cases, exceeded attendance at the actual property. Also, properties are selling with marketing exclusively on social media. Likewise, online auctions are selling and have exceeded the reserve price.
Furthermore, Realestate.com.au has just announced that they had over 100 million visitors to their site in May. Similarly, data released by Domain.com.au reveals the active behaviour of prospective buyers. In brief, they have massive and long-term on-line engagement with properties that they’re potentially interested in. And, they do this without ever contacting an agent.
Have you ever had real estate agents try to justify their inflated rate of commission? Perhaps by telling you “Our shop front display will sell your property” or “We have the buyers”? Yeah, Nah! This is 2020.
Without a doubt, the future is here.
What’s the latest from the experts’ dartboard?
Meanwhile, the experts can’t agree on what’s happening in the property market. Apparently, prices are going up, going down, or not going anywhere.
Therefore, if you want clarity, narrow the focus to your neighbourhood. For instance, check out recent sales and how much price discount was required to sell. In the same way, look at the days on the market in your suburb and how long it’s taking to sell (see both in the recent issues of The Buzz). Or, better still, call me and get a personalized report for your property.
In addition, see the Local News section of this month’s blog. You will discover, for example, how many large projects have just been announced or are expected to be approved for the Sunshine Coast. Consequently, the massive expenditure will keep our local economy much stronger than many other regions. Like it or not, we are certainly being fast-tracked to become the next Gold Coast.
Just announced $25,000 Homebuilder grant
Well, there may not be a better time for building a new home. Especially as the Federal Government has decided to throw $25,000 your way.
Importantly, if you are a first homeowner here in Queensland, things are even better. As a result of this new scheme, you can currently get up to a total of $50,000 in assistance:
Commonwealth HomeBuilder grant: $25,000 for eligible applicants
State first homeowner’s grant: $15,000 for eligible applicants
Commonwealth First Home Loan Deposit Scheme: Get up to $10,000
In total, how much can I access? Up to $50,000
Any big catches? Only available for homes up to a value of $750,000
Also, the Homebuilder grant is available for renovations with a minimum value of $150,000. So, if you have a lazy $150k laying around and would rather update than relocate, this should interest you.
Real estate and finance news
First of all, we have a wide range of valuable reading in this month’s real estate and finance articles. Check out the latest:
- Economic projections
- Property sales market forecasts
- How rental property has been impacted
As mentioned, get up to date on a swag of big project news.
And big congrats to Coolum Beach Surf Club. Now officially the best in Queensland!
Tips & Advice
Next are some great coronavirus pandemic tips for how to:
- Clean your home
- Sell your home
- Save money
Finally, learn everything about where you live or have an investment:
- A Suburb Profile for your suburb/s of interest
- Core Logic: The Property Market in 2020
Ultimately, see the icons below and follow the links for your copy of the reports and to read the full articles.
Are you ready for the digital embrace? Please call us to have a chat and discover how you can benefit!