With 2020 now in full swing and a range of new property listings hitting the market, we have seen an increased level of buyer and tenant activity, and greater attendance at open for inspections.
An increase in open home numbers is an sign of improved confidence in the property market, according to Domain economist Trent Wiltshire.
“It’s a good indicator of buyer interest. People, even if they’re just thinking of buying, they’re starting to attend home inspections in greater numbers,” Mr Wiltshire said.
This increase has not been limited to properties for sale, we have also experienced greater numbers of prospective tenants attending our rental open for inspections as well as an increase in rental applications. This is translating to some wonderful results for our clients, with 5 properties leased on a single day during the past week.
Some stand out open for inspections have been 126 Jacaranda Avenue, Figtree (David Scioscia 0417 448 252) which has been on market for 1 week, with a staggering 64 groups inspecting the property so far. 28 groups viewed 145 New Mount Pleasant Road, Mount Pleasant (Darren Kay 0411 187 768 and Thomas Pelosi 0414 977 711) over the weekend. 18 prospective tenants attended the inspection for rental property 47 Grey Street, Keiraville, and 21 attendees for 14/32-46 Keira Street, Wollongong.