We are excited to welcome Brad Teal to the Woodards group, click here to find out more

Blogs

Ready in a Snap

This lockdown has been called the circuit breaker, and it appears the circuit has been broken. Fortunately for us we were already prepared with the right strategies, technology and contingencies to deal with anything at Woodards. Here is a short summary of what the announcement today means for us in property, and what tools we have at our disposal to help all our clients.

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The New Rental Landscape

There are new rules which take effect on the 29th of March 2021 ( the Residential Tenancies Amendment Act), which are poorly timed and may not have a positive impact on the Melbourne rental market. Coupled with the impacts of the pandemic, the sand is shifting beneath all our feet: Landlords, tenants and property managers alike. It is interesting how we categorise people in this way, when the reality is far more complicated.

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Investment Update

With the outbreak of COVID-19, Melbourne’s rental market saw a huge hit to rents, as landlords were forced to give their tenants rental reductions to combat the financial stress of the pandemic, with house prices in Inner Melbourne reduced by $40 per week, and units $35 per week over the June quarter, giving units the first annual fall in 15 years.

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Inner City Melbourne Eagerly Awaits Market Re-Opening

Following a buoyant start to the year in the inner Melbourne property market, COVID-19 halted the momentum. With limited opportunities to transact, buyers and vendors have been forced to retreat and wait for the market to re-open with the easing of the inspection bans.

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Busy Spring Market To Fire Up To Christmas

It’s been a time of adaption and resilience as the real estate industry has risen to the challenge of operating in a COVID-safe manner. While Victoria’s Stage 4 restrictions have temporarily placed the market in a holding pattern, there’s been one constant throughout the year - strong buyer demand.

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Resilient Inner-East Market Thrives In Changed Selling Conditions

It’s been a testing time for the real estate industry as we unite with Victorians against the spread of COVID-19. The good news is the property market, on a stand-alone basis, remains resilient. We have plenty of eager buyers wanting to take advantage of record low interest rates and government grants. 

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Strong Market Waiting For Opportunity To Buy

Following a phenomenal start to 2020, with sale prices up 5 per cent across all Manningham suburbs, the arrival of COVID-19 in Melbourne saw the real estate landscape shift. 

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Market Resilience In A Year Of Challenge And Change

In what can only be described as an extraordinary year, the property market throughout Alphington, Fairfield, Northcote, Thornbury, Preston and Reservoir has shown remarkable resilience.

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Market Resilience In An Unprecedented Year

In what has been an unchartered year, the Oakleigh property market has shown remarkable resilience.  Initial lockdown periods changed the way open for inspections and auctions could be conducted, with campaigns moving to online auction, private sale and one on one inspections.

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