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End Of Year Wrap!

By Laura Anderson

Office News:

Here we are at the end of 2020 – a year like no other. The year started with bushfires and flooding before a worldwide pandemic and lockdowns. It was uncharted territory for us all. From everyone here at Ray White Picton I would like to thank you immensely for your continued support throughout the year.  We are looking forward to having a break and coming back refreshed in 2021 to assist you with your real estate needs. On that note, I would like to wish you and your families a very Merry Christmas and a safe and Happy New Year. Enjoy the time off with your loved ones and stay safe.

Our office will be closing at 1pm Wednesday 23rd December and reopening with skeleton staff on Monday 4th January 2021, with the whole team back on deck from Monday 11th January 2021. Our email and phones will not be operating during this time. Should an emergency arise please refer to our website for a list of tradespeople you can contact.

Landlords: Leanne will be doing End of Month for December on Tuesday 22nd December. During the office closure tenants will still be able to pay rent directly into our bank account and anything collected will be distributed with January’s End of Month.

Tenants: For any non-urgent repairs please wait until we re-open on the 4th January 2021. We will be closing at 1pm on Wednesday 23rd December please make sure your rent is paid in advance of this date. During the office closure you are required to continue paying rent, you can do this by depositing the money straight into our bank account. If you need our bank details please contact the office. PLEASE REMEMBER: When transferring money ALWAYS put a reference so we know who to allocate the money to.

Market Update:

Ray White has been highlighting record levels of buyer activity since May. All our buyer metrics remain impressive – loan pre-approvals, online enquiries, auction bidders, and so on. These metrics give us confidence that the current momentum should endure well into 2021, because so many potential buyers will finish 2020 with unfulfilled ambitions, and the expectations around interest rates and availability of credit remain very positive.

With the Australian economy firmly in recovery mode, we just need to keep a focus on jobs to see whether the recovery is generating the sort of growth that authorities are looking for.

Super-low interest rates and an improving job market have underpinned this recovery which will tick along in We believe this will be a strong summer for all our sellers and buyers, With the international border still shut and all Australians holidaying at home this year, this will be a summer to remember.

The late season surge will run right up to the Christmas break, with around 2300 auctions expected leading up to Christmas. The clearance rates have held despite the gigantic increase in volumes. That does indicate the buyers are out in force. Property prices rose across all capital cities last month, for the first time since January. 

So this year’s selling season is being extended with new listings continually being added to the market and auctions being booked right up to Christmas eve. Demand has been strongest from first-time buyers and upgraders, many of whom are spending money on a house they might otherwise have used on overseas holidays, which have been stopped because of COVID-19.

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