AUTUMN 2020
experience better
KENSINGTON In this issue Market Facts | Finance Update | What’s Sold What’s Selling | Words of Wisdom
MARKET UPDATE
WELCOME MARCH QTR With everyone left distancing and staying at home one would assume that sales would have slowed considerably. Not the case. REIWA reported on 31 March that weekly sales were 603 down from 690 the week before and up from 469 the year before. We expect sales to reduce as isolation kicks in. After the hibernation we will return to another new normal-whatever that looks like. We just know that now is a sensational time for buying. For those with job stability jump in now!
Buyers are still out buying – using virtual tours, 3D tours, Facetime and WhatsApp showings then requesting a private viewing. This will probably change the way properties are searched and viewed forever. On another topic, there’s nothing more comforting in these times of isolation as your own home. To have loved ones under your own roof and out of harms way is very comforting. Bob Menzies talked of housing as ‘MetaPhysical’- not just the physical nature of the house but the feeling of security & well being that comes with owning your own home.
Stay safe.
As always, if you are thinking of buying or selling or would like a current market appraisal, please call me on 0411 429 069.
Karen Firth Sales Executive 0411 429 069 ‘For what it’s worth, call Firth!’
MARKET FACTS (MAR 2020 QTR) VOLUME OF SALES By Type
HOUSES
10
UNITS
2
LAND
1
HOUSE SALES
17
13
FOR SALE
GONE
LAND SALES
Highest Sale
$1,385,000
Highest Sale
$575,000
Lowest Sale
$500,000
Lowest Sale
$575,000
(Source RP DATA as at 08/04/2020)
FINANCE UPDATE BY GLEN AUSTEN - DIRECTOR - TAG FINANCIAL GROUP Most of us have heard enough of the “unprecedented times” that we are in, so let’s look at the positives of the financial sector and what is going on in the big wide world that we are not allowed to physically explore anymore. The Government is helping those with mortgages to maintain them by offering various stimulus options. The banks are helping by pausing (not waiving) repayments for 3 to 6 months, dropping rates, and offering loans to SME’s to help them maintain their businesses. Most importantly though, the banks are still open for business and lending money. Yes they are being a bit more cautious and ensuring that they lend to those they feel are of less risk, but they are still lending money, and lots of loan applications are still being submitted and getting approved. The world hasn’t stopped. It’s just got a really bad cold and we are all working together to shake it. In the process the savvy buyers and sellers are using this opportunity to their advantage!
SOLD & SELLING (MAR 2020 QTR)
Gone
Gone
Warrego Street KENSINGTON $1,385,000 4x2x6
Gone
Fifth Avenue KENSINGTON $1,070,000
6x3x4
Bourke Street KENSINGTON $1,100,000
2x1
Hovia Terrace KENSINGTON $950,000
4x2x2
King Street KENSINGTON From $1,299,000
3x2x2
3x1x2
Dyson Street KENSINGTON $1,080,000
4x3x2
Selling
5x2x3
Selling
Selling
Gwenyfred Road KENSINGTON $760,000 2x1x2
Gone
Selling
King George Street KENSINGTON $1,280,000 4x3x2
Campbell Street KENSINGTON $885,000 3x1x2
Gone
Gone
Gone
Collins Street KENSINGTON Offers
Gwenyfred Road KENSINGTON $355,000 2x1x1
Gone
Gone
Kennard Street KENSINGTON $670,000
Gone
Lansdowne Road KENSINGTON $750,000
Dyson Street KENSINGTON From $949,000
4x2x2
Selling
2x1
Gwenyfred Road KENSINGTON High $1.2Ms 5x2x3
* DISCLAIMER - Not all of the above SOLD or SELLING properties have been sold or listed by Bourkes
“Karen provided an extremely professional service. I would not hesitate to recommend her to anyone wishing to sell their house.”
Karen delivered on the two things that really mattered – rapid sale of property and optimal sale price for the home – a great salesperson. I found the service supplied to be above average and I’m satisfied with the results. A pleasure to do business with, would contact Karen Firth when selling or buying in this area in the future. Professional and efficient agent, made our purchase trouble free and pleasurable.”
P. Cookson
“Karen’s bright personality and enthusiasm was refreshing! My family was a little over-whelmed with having to sell the family home that has been with us for over 60 years. Karen helped and guided us through the process, not only in terms of her expertise around the sale, but also in terms of understanding the emotional attachment that family members had with the property and the difficulties navigating through that. Nothing was too much trouble and Karen was on call to deal with whatever issues arose. She also strictly stood by her principles. We were very happy with the process and the outcome of the sale under the circumstances in which it needed to be sold. We would highly recommend Karen to anyone wanting to sell their property, commercial or residential.”
P. & S. Keynes
Mary and siblings
“For what it’s worth, call Firth” Karen Firth Senior Sales Executive 0411 429 069 karen@bourkes.com.au If you’d prefer to receive this report by email, please email me your details.
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