The listings are tighter than ever, and demand is the strongest I have seen since the interest rate rises started to kick in and the market adjusted.
Both buyer and seller are playing the same game, the buyer is sitting back wondering
what is going to happen, they are still inspecting properties but worried they might pay too much & hoping prices drop. Sellers are behaving the same way, they are standing back, considering their options, getting financial advice from their accountant and in the words of Johnny Cash deciding “to hold ‘em or to fold ‘em”. Unfortunately, more property owners than ever are deciding to hold.
For property owners if they hold, they have the benefit of increased rents. Also, with all the talk around the Olympic Games and the impact they will have on the Brisbane property prices, they could benefit from the growth that their
property may experience.This is particularly the case in that inner south ring of Brisbane.The indecisiveness sits on both sides and unfortunately for the buyers the seller no matter what they decide will probably make the right decision, in that if they hold the property, they have increased rental return and future growth, if they sell the property supply is low and demand is high, so sale prices are strong.
It’s rare for the buyer and seller to be on the same page, but it’s also rare for the option to sell or rent to be on the same page, as in no matter what you decide you will make the right decision.
If I put my property hat on and you have been deciding whether to sell now or wait and see what happens, now could be that window that might actually provide you with an above market result. The best time to buy is when the competition is down, but also that can be the best time to sell. If you hit the market now you might find you actually are not in competition with any local properties and have the full attention of some motivated buyers.
With the start to the new financial year upon us, take that op- portunity to do a health check on your property, whether that be to understand value to sell or to rent to help you make informed decisions down that track.We would love you to reach out and chat whether you are ready to make a move or not.
MEET OUR NEW RECRUIT
Leticia Cowburn
YOU’RE A FAMILIAR FACE IN THE AREA LETICIA, HAVING OWNED DUDLEY ST ESPRESSO FOR MANY YEARS, FOLLOWED BY MISS MILLY’S. HOW DID YOU END UP ACROSS THE ROAD, IN A REAL ESTATE OFFICE?
It started by simply chatting with Joey and Nick most mornings at the café while they were waiting for their coffee orders. I mentioned to Joey last year that I was keen for a career change and she said come and have a chat with Jane. I love that they were willing to take a chance on me.
WHAT IS YOUR CURRENT ROLE?
I’m currently on reception and also an assistant property manager. It’s a great way to learn it all.
ARE YOU ENJOYING THE CHANGE OF CAREER?
The career change has been a big one – though I am enjoying it a great deal. It was a massive decision to leap into something I had no experience in, but having such a supportive team, teaching me how, has made the transition a lot easier
WHAT ASPECTS OF THE JOB DO YOU ENJOY MOST?
I’m enjoying learning so many new skills which I never imagined
I would be doing at this stage in my life. Meeting new people and getting out and about. I’m excited to see how much experience I can gain and grow in my new role.
WHAT ARE THE CHALLENGES?
The biggest challenge for me has been learning the programming and computers in general. My ex-hospitality life didn’t entail using much more than an iPhone and an inbox! It hasn’t even been two months yet, but having the steady, patient and knowledgeable guid- ance of our head property manager Jess has made it a lot easier to adjust.
ARE THERE ANY SIMILARITIES BETWEEN RUNNING A COFFEE SHOP AND WORKING IN REAL ESTATE?
The main similarities between real estate and hospitality are the need to be able to multitask to the max and being a “people person’’.These transferable skills have made it a lot easier to adjust.
FINALLY, WE JUST HAVE TO KNOW, WHAT’S YOUR COFFEE ORDER?
A small, strong soy flat white.
