Belle Property Beecroft

continued throughout the holidays. This momentum carried through to February and March 2020 then Covid-19 hit.We were most concerned about our vendors whose properties had already launched and how to minimise the impact of the pandemic and work within the restrictions imposed by the Government for the health and safety of the community and our team. Despite these challenges, we adapted and it was business as usual, listing and selling right through the pandemic. Going forward we expect to see more stock coming to market after nervous sellers who were holding back are now more confident. Demand continues to be steady but economic uncertainty and finance approval hurdles could see fewer buyers on each property. Our negotiation and communication skills set us apart in these market conditions. - Nick Bedford The latter half of 2019 saw increasing market activity and steadily improving results after the preceding 12 months had been characterised by low stock and erosion of buyer confidence.The 2019 federal election result set in motion a chain of events that had buyers and sellers alike excited about the market again. Relaxation of lending restrictions coupled with interest rates at an all-time low saw buyers out in force in the months leading up to Christmas. During this time we were seeing record numbers of bidders registering at our auctions, pushing results well above market (and our vendors’) expectations. Because of the late kickstart, the Christmas/January period was busier than usual and sales THIS LAST FINANCIAL YEAR WAS COMPLETELY UNPRECEDENTED - A PROMISING START ENDED IN A PANDEMIC. WELCOME - A WORD FROM THE DIRECTOR