The property market has sprung into Spring!
As days get longer and warmer, activity in the property market is also heating up. This year as expected we saw an early start to Spring and our network sold more than $184 million worth of real estate in August, assisting 164 clients realise their real estate dreams.
Potential buyers have been out in force, and we have met more than 4,676 people at open homes in the past month, averaging 10 per open.
Of the 53 properties scheduled to go to Auction, we saw an 83% clearance with 44 transacting within the month. We expect these results to continue, and we have over 60 auctions already booked for September. An Auction campaign creates great momentum and strong interest with a defined timeline.
Our investment management team has seen a welcome decline in vacancies and days on market, down to the lowest levels in five months. With expats returning to Sydney, we are seeing a strong demand for prestige lease opportunities, particularly between the $3,000 to $6,000 a week mark.
If you are looking to take advantage of the Spring market, it is important to do your research and understand the value of your home in the current market. Access a complimentary and instant market report here: www.dijones.com.au