Weekly Property News 44th Edition 2021
Further Steps To Re-Open Australia
Hi Guys, it’s Dean OBrien from OBrien Real Estate with the 44th edition of the Property News for 2021 where real estate information is on the house.
This week throughout the entire yearly calendar is commonly known as the most active when it comes to buying real estate and it’s the last week of the year before stock levels start to dramatically scale down for the Christmas festivities shutdown.
The big news this week has been the announcement from the Prime Minister that from December 1, international tourists, backpackers, refugees, migrants, students, skilled workers and up 28 other eligible visa holders can re-enter Australia. There are some conditions to entry, mainly being full vaccinated along with a negative covid swab. Quarantine rules won’t be applicable for Victoria and New South Wales however rules will apply for other States and Territories although Japanese and South Koreans are fully exempt.
With that news Victoria and New South Wales are looking to reap the most of the economic benefits and with 200,000 people expected to arrive over the year that places more demand on sales and rental properties and prices are likely to increase unless we have more supply coming onto the market. Across the state we saw 1016 auction results reported with an overall 854 selling under the hammer and 148 passing in resulting in an 83% clearance rate. Within the OBrien network saw 72 new listings come to market, with 65 going under offer and 67 properties confirmed sales and our the highest price achieved for the week was $2.912 million.
In concluding this week’s property news, a big congratulations goes to Michelle on winning our $10,000 Home Improvements giveaway. Thank you to Harvey Norman and all our clients who received a rental or sale market appraisal.
For our next competition over the next four weeks we will be giving away one prize weekly to a family, It’s called our “Very Merry Giveaways, tune into our facebook pages on how to enter.
That’s all for this week, I’m Dean OBrien and remember the information provided is of a general nature you should always seek independent legal, financial, taxation or other advice in relation to your unique circumstances.
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That’s all for this week, I’m Dean OBrien and remember the information provided is of a general nature you should always seek independent legal, financial, taxation or other advice in relation to your unique circumstances.
