INSIDE Harcourts 23 INPLACE AUSTRALIA Property Management Update It’s been a busy time for Harcourts property management! We welcomed two new highly experienced team members, Rachel Atkin in Victoria and Betty Giovas in NSW. We have also just launched a ‘Leased’ tab to the Harcourts websites. You can customize this to suit, and have just a photo and suburb displayed, or the price and full address if you wish. This is the perfect opportunity to share your results publicly and at listing presentations, where you can demonstrate your success with comparable properties to those you are looking to secure as new business. All listings will display for 90 days from the day they are marked as leased in your listing uploader, such as Vault. The PM Breakout Session at HX on the Gold Coast was another highlight. The agenda for this year included a brilliant presentation from Rachel Atkin on how to grow organically in a start up business, Ron Amram shared his knowledge about situational awareness Auction Update As we move further into 2024, the Australian real estate market continues to demonstrate resilience and adaptability amidst changing economic conditions. Harcourts Australia is proud to report robust activity and positive outcomes in our auction segments nationwide. Market overview The national auction scene has been buoyant, reflecting sustained buyer interest and competitive bidding. Major metropolitan areas such as Sydney, Melbourne, and Brisbane have shown particularly strong performance, driven by low interest rates, limited supply, and high demand for quality properties. Regional markets are also experiencing notable activity, as more Australians seek lifestyle changes and remote work options. Trends and insights There’s a noticeable trend towards smaller, more energy-efficient homes, reflecting a shift in buyer priorities towards sustainability. Additionally, properties with home office spaces and proximity to amenities continue to attract premium prices. Vendor confidence is high, encouraged by strong market conditions and favorable auction results. This has led to an increase in listings, providing buyers with more options and fostering healthy competition. and how to understand high conflict clients and Samantha McLean, Co-Founder and Managing Editor of Elite Agent wowed us with her expertise around AI and where it’s headed for property management. The great news is that AI won’t be replacing us any time soon but will certainly help streamline and create efficiencies. We continue to offer training and consulting around how to elevate service delivery so that Harcourts can be known around the country as the brand that delivers the finest experience in property management! Looking ahead As we approach mid-2024, the auction market is expected to maintain its momentum. Economic indicators suggest a stable environment, with potential for further growth in both metropolitan and regional areas. Harcourts Australia remains committed to delivering exceptional auction results through innovative strategies, comprehensive market insights, and unparalleled client service. For prospective buyers and sellers, this is an opportune time to engage with the auction market. Harcourts’ experienced agents are ready to assist with navigating the complexities and maximizing the opportunities presented in today’s vibrant real estate landscape. Karmen Costigan Head of Property Management Australia karmen.costigan@harcourts.net Fabian Sanelli CEO Harcourts Victoria fabian.sanelli@harcourts.net
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