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.