Market Update – July 2020

A monthly wrap-up video featuring Director, Richard Stanton and Kellie Quinn and Victoria Braxton-Meadows, our top Selling Agents.
They discuss sales, enquiry levels and overall market sentiment in the Real Estate and Property Development sector for the Month of July.
Overall we have found that July has proven for a very busy month in regards to enquiry and sale levels. We have received enquiry from a variety of demographics for a range of projects, including first home buyers and downsizers. Our buyers are coming to us with substantial deposits and are in a better financial position. They have spent more time researching properties and are more qualified buyers. 
Feedback from our buyers is that they have noticed our high level of detail within this specialist field of off the plan sales, they are appreciative of the time we take in explaining exactly what they can expect upon construction completion. Our experience and hands on approach when it comes to the construction means that we can provide consistent updates which allows buyers to remain confident with the process through to settlement. We nurture our relationships with the developer, the builder, the site manager and the buyer to deliver a great end result. 
This video provides a great insight into the recently introduced government grants including the HomeBuilder grant and the first home buyer stamp duty scheme. These grants have increased enquiry levels drastically with buyers understanding what a great opportunity this presents for them to enter the property market. Our team are here to support this enquiry and offer insight into what projects are applicable and the potential savings that can be made. The team also discuss the impact of COVID-19 on the current real estate climate in Newcastle and surrounds.

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