Property Insider
Byron is bouncing back According to Gary Brazenor from Byron Shire Real Estate, it feels like somebody has flicked a switch and confidence has returned to the Byron Shire! ‘We’ve had offers on 50% of our listings in the last two weeks and buyer enquiries have doubled. We’ve also seen a huge lift in sellers enquiring about putting their properties on the market’, he says.
‘A number of enquirers told me they are negotiating with their employer about continuing to work remotely, post COVID, so they can move to the beautiful Byron Shire. Why wouldn’t they!?’, added Gary.
‘Whilst targeted at a small section of the population, the government ‘Homebuilder’ stimulus (for more information go to treasury.gov.au and follow links) will boost confidence in the housing market. ‘Sydney, Melbourne and Brisbane buyer enquiries have jumped significantly and with travel restrictions lifting we anticipate interstate inspections will too.
Gary Brazenor at Byron Shire Real Estate.
26 The Byron Shire Echo `Ɩŕĕ ǨǮǽ ǩǧǩǧ
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Recovery optimism in Lennox Head and Ballina By Nick Bordin, licensee-incharge, Elders Lennox Head As the Northern Rivers slowly emerges from the COVID-19 crisis, real estate is one of the markers of the recovery. If the experience of Elders Lennox is typical, the signs are looking very good, with buyer sentiment strong, and vendor confidence returning to the local market since the ban on open homes and auctions was relaxed. Licensee-in-Charge Nick Bordin told Echonetdaily, ‘Our market experienced a short-term pause, but buyer and seller confidence is now up, which is largely owing to our region offering better affordability and a more alluring lifestyle
Nick Bordin at Elders Lennox Head
for those seeking to escape major cities. Add to this, record low interest rates and stimulus packages driving the economy, and it’s a recipe for a strong rebound.’ Mr Bordin said the reports of
realestate.com.au show that search enquiries for Northern NSW have actually increased since COVID-19, and not just for Byron Bay, but other desirable areas, including Bangalow, Lennox Head, Skennars Head, East Ballina and the hinterland villages. ‘The good news is, our recent results show there are great opportunities for sellers in our market to take advantage of strong buyer interest,’ said Mr Bordin. ‘We have vendors who have been waiting for the dust to settle to list their property and are now feeling more confident about taking their property to market because of the buyer demand we’ve seen. ‘Overall, we feel very positive about the real estate sector in our region post-pandemic.’
North Coast news daily in Echonetdaily www.echo.net.au