July 2020
A note from our Managing Director ... As I write this, we are on one hand celebrating a strong June across the group, but watching the spread of Coronavirus in parts of Sydney with concern. One thing I know for sure is if we do find ourselves in lock-down again, we will do it with much less panic and uncertainty than we did the first time around! The resilience shown by so many over the last few months has been nothing short of inspiring, and the ongoing stability of the market has been somewhat surprising given the dire media predictions. As the Prime Minister said last week, our market has been characterised by lack of supply coupled with strong demand, and whilst that continues, prices will hold. There is no doubt that many of you are struggling for stock, and we are finding the banks are definitely on a go-slow at the moment, due to their re-distribution of resources away from new loans to hardship assistance. No matter the market conditions, we know that people will always need to buy and sell, and it’s important that we focus on our clients, our local communities, and what they need from us.
Sometimes it will be nothing more than an accurate and honest appraisal of current conditions, and a justification of why now is the time to sell. It’s impossible to know what the future brings as we are all working day by day at the moment. What we do know is there are plenty of people that want to sell that are still holding back due to the current uncertainty, but those that are game enough to sell now are getting good results due to lack of current competition. Have a great month!