Belle Property Beecroft

The first quarter of 2019 saw most buyers sitting on the fence. Few were willing to test the market’s reaction, most preferring to adopt a “wait and see” approach. In recent weeks we have seen early signs of market recovery, pointing to a promising start to the Spring selling period. Notwithstanding the challenging market, Belinda and I transacted over $66 million dollars in sales in the last financial year, including the top 2 Beecroft and top Cheltenham results. We are excited about servicing the Beecroft and Cheltenham community in the coming year with an expanded sales and property management team dedicated to an honest and transparent approach to real estate. - Nick Bedford, Principal During the latter stages of 2018 we were bombarded with media headlines predicting the “bubble will burst” and describing the market as a “ticking time bomb”.This media speculation was the catalyst for a rapid market slow down and buyer sentiment changed from fear of missing out to fear of paying too much. Stock levels reduced, clearance rates slowed and the doom and gloom set in, but in reality the situation wasn't as dire as media reports suggested. 169 properties sold in Beecroft and Cheltenham compared to 188 for the previous financial year. Properties were still selling, but prices were down. "THE 2018/19 FINANCIAL YEAR WAS A BUMPY RIDE IN REAL ESTATE TO SAY THE LEAST." WELCOME