Presenting our second office – Harcourts Pinnacle Petrie / Strathpine

We would like to use this letter to announce the exciting growth and expansion of our franchise with the opening of our second office at 486 Gympie Road, Strathpine. This has been a 5-month journey and is now set, ready and open for business! The need for expansion was due to our increasing growing number of clients from both residential and commercial and the level of commitment and service we provide. We will now be more centrally located to service our existing clients in Petrie, Strathpine, Bray Park, Warner, Lawnton, Murrumba Downs, and all surrounding area. Please do feel welcome to drop by and visit our new office.

FYI – You can still find me at ASPLEY! – (1331 Gympie Rd)

What happened in August?

Some positive news to share! Within our office, we have noticed a higher level of engagement across all listings. There has been more movement and transacted properties this month and remain a close comparison to August 2021. Time on market is remaining steady with most property’s average time being 3-6 weeks. This means there is an increased level of “property stock” allowing buyers to thoroughly research, making informed and educated offers. Owners are still experiencing benefits and amazing results at contract time; however, the process and property campaign management is paramount. Your agent should have a clear plan to achieve the best result, this plan should be customised and tailored to your real estate goals. There is no “one size fits all’ approach.

During the second half of August, we experienced increased numbers of open home attendees and increased levels of interest amongst all properties. The average number of open home attendees is 5-10. This is compared to the beginning of the month where the average was 2-3.

The first-rate rise took buyers by surprise, this created the fear of overpaying and the potential for prices to drop significantly. This fear created a massive drop in property transactions in May, June & July. From our frontline perspective, there has been a shift of concern as both buyers and sellers are adjusting to the new market and are gaining additional confidence in making offers and securing a property. Most North-side areas have experienced an average decline of 7-10%, however, this is different from suburb to suburb. Record prices are not unimaginable, but the condition / age/ location of the home are all significant attributes.

How is the rental market going?

Many of you that are reading this might own investment properties or have friends or family that do, or you are looking to rent.

The general rental market is still generally busy and full of activity as prices have been increasing over the past 2 years with more tenants than there are properties. Previously, any property, good or bad attracted multiple applications within the first week. This has noticeable shift, making rentals a little more attainable. Similar too FOR SALES, well-presented homes in good locations are still the most desirable. Just like selling, the property manager you choose will greatly depend on your overall outcome. Suggestions to increase the desirability and attributes will significantly increase obtaining a quality applicant. Our property investment consultants work with every landlord and provide current up-to-date advice. I would be happy to make the introduction if leasing your home is something you are considering.

If our team can be of service, just let us know. Specializing in residential, property management and commercial, we welcome you to our Harcourts Pinnacle Family.