Heading in the Right Direction

Recent amendments to the Property and Motor Dealers Act will see changes implemented in the coming months.  The Real Estate industry will now come under a number of different Acts but the main one that will affect consumers will be the Property Occupation Bill.  The major change will be the deregulation of commission paid, which will certainly be the hot topic, as it will give consumers and agents alike the ability to negotiate commissions.  The reduction of paper use for the preparation of contracts will cut down on red tape. 

As an overview of our local market for  Brighton, the number of homes currently listed for sale as at 18 June 2014 on realestate.com.au is 104 properties.  When you break this down, there are 29 new home packages in a new sub-division and another 21 under contract.  There is also one or two units and some land registered.  Overall, there are approximately only 75 homes for sale out of 3,800, which is less than 2% of homes in Brighton on the market.  Wow!  As a comparison, between January to June 2013, 188 homes had sold in Brighton.  From January 2014 to date, only 47 have sold (sourced RPData).  For all the other suburbs Shorncliffe for  2013 shows 38 sold and to date 3, Sandgate 82 for 2013 and to date 17, Deagon 86 for 2013 and to date 18 and Bracken Ridge 253 for 2013 and to date 64.  The number of homes sold has definitely slowed, as has the number listed for sale.

It’s not all doom and gloom though as there are signs that homes are coming onto the market.  We appear to be signing new homes up well in advance of them going on the market.  Preparation of the home is so important as sellers only have one    opportunity to show their home to the world and it needs to be right. 

For the last four quarters, from data sourced from www.realestate.com.au, 2nd Avenue Realty were the number one selling agent for three of these quarters.  We are extremely privileged to be helping sellers and buyers alike!

After boasting to the Southerners that we are still wearing t-shirts, the cooler temps have finally arrived. Now Winter is upon us, we look forward to receiving many calls to assist with  prepping homes for the blossoming of Spring.  It’s only around the corner!  Dianne, John and Gai are available to help so call on 3269 1555 and one of us will be in touch.