RH Lane Cove

Printforce.com.au Like many industries, we have made some significant changes in the way we do business and I feel very fortunate to still be able to serve the community. We have made some swift adjustments so we can continue to achieve unrivalled results for our clients and comply with new regulations. In light of government changes, we’ve replaced all open homes with private viewings only. This has been beneficial as it allows us to be�er qualify the prospective buyers prior to arranging an inspection. The other major change implemented has been moving all auctions online, where buyers have the ability to register, bid and effectively transact online via our live-streamed auction services. If you are considering buying, we feel there is excellent value in a purchase in the current market compared to mid-February. When the market contracts, it’s the best time to sell if you’re looking to upgrade/upsize as this option becomes more affordable, as the gap gets smaller to relocate. If you are considering selling, this is a great time to be taking advantage of limited competition from other homes due to extremely tight stock levels. I have personally maintained a 100% auction clearance rate for 2020. We are currently working with a number of very active, finance ready clients who can act immediately if the right home was presented to them. The current market remains relatively strong considering the pandemic crisis and my advice is that if you’re seeking to sell, acting sooner rather than later will be wise as the market will decline further over the next 3-6 months. This decline will be largely be contributed by banks and lenders again tightening up with new lending policies as our national economy weakens and the unemployment rate increases. If you would like to discuss your property in more detail or arrange a property appraisal, feel free to contact me directly. Market Update Alex Banning Principal How Has Covid-19 Affected The Property Market?