September 2006 Newsletter

REAL ESTATE MARKET

There is now an obvious widening gap in relation to the number of days on the market for higher priced prestige properties and those selling below one million dollars and particularly those selling around four hundred thousand dollars.

In some of the more prestigious suburbs with the higher priced properties it seems that a price reduction is becoming the norm for those wanting to reduce the number of days on market.

However for those under $1,000,000 sales are still brisk with solid enquiry BUT for   those in the $300,000 to $500,000 range, some sales are being made the day they are listed and certainly under thirty days on market.

The Real Estate training company that we have used for the past ten years is based in Brisbane and consults to twenty of the better agencies in Brisbane and Gold Coast.   That is Realty Technology and the Director Roger Clark, advises that every Company is reporting a reduction in the number of properties available for sale in their trade areas.   No doubt this is the greatest cause for this very strong market in South East Queensland, on top of the strong migration from interstate.

There are many observers predicting another Real Estate boom for South East Queensland to commence in 2008 - so perhaps now is a good time to start buying.

RENTAL MARKET

The Winter season seems to have taken its toll on vacancies over the last month as the percentage increases.   There is obviously a typical season drop in enquiry so you may notice a reduction in the rent increases for the next month until enquiry improves as we move through the Spring.

ANIMALTASTIC

The tip of an elephant’s trunk is so flexible and sensitive it can pick up a pin!

LEASE RENEWALS

Approximately one month prior to your tenants current lease expiring we organise for a new lease to be sent to your tenants.   Prior to sending the lease we re-evaluate the rental income of your property and will increase the rent if the current market allows for it.   This is a procedure that our office operates on an ongoing basis and your signed Management Agreement gives us authority to do this on your behalf.   If you have any special instructions in relation to the lease renewal please call our office and speak to Penny Jackson.   If there are no specific instructions we will automatically arrange the lease renewal and send you a copy of the signed lease once your tenant has returned it to our office.

DID YOU KNOW?

When buying Real Estate 47% of home buyers were in the market for 4 weeks or more.   85% of Gold Coasters used the Gold Coast Bulletin more than any other newspaper when looking at real estate advertising.   80% of Gold Coasters looking for real estate check the newspaper ads at least once a week with 31% of home buyers looking almost every day.   85% of Gold Coast home buyers are more likely to follow up a property advertised with a photo.

SATISFACTION GUARANTEED!

We highlight some of the testimonials received from our very happy   clients:

I think Ian Johnston is one of the best agents I have had professional dealings with.   He was extremely professional at all times with quick rewarding results.

Thankyou

Mr Kyriacou, Ashmore

Having placed the sale of my home with Telly Karadimos, I was most impressed with the professional and enthusiastic manner in which he set about finding a buyer and then procuring the price I wanted for my property.   I would certainly recommend Telly as a confident and experienced agent.

Ms Barlow, Ashmore

Regards

Joe and Elizabeth Green